The Hi-Lo bet in Craps is a props bet where you bet on the shooter rolling a 2 or 12.
If either of these numbers show up, you win the Hi-Lo bet.
This bet is not always available in all casinos, but some have it on the table or display it on the layout. This guide will review everything you need to know to start playing the Hi-Lo bet in craps.
Let’s dive right in!
How to Play Hi-Lo
To play the Hi-Lo bet, tell the dealer you want to make it, and they will place your chips on the intersection line between 2 and 12. If either of these numbers appears, you win 15 times your bet.
In some casinos, the Hi-Lo bet may not be on the layout, but the dealer can still accept the bet if you request it.
Hi-Lo Odds
The odds of winning a Hi-Lo bet in craps are not the best compared to other bets on the Craps table.
The house edge for a Hi-Lo bet in Craps is 11.11%, meaning that over the long term, the casino will profit 11.11 cents for every dollar wagered on Hi-Lo bets.
The larger the house edge, the more money the player loses, and the more quickly this happens.
Placing Your Bet
Locate the Hi-Lo section on the craps table to place a Hi-Lo bet. It’s usually located in the center of the table, next to the Any Craps section.
Once you’ve found it, you can place your bet by placing your chips in the Hi-Lo section.
Hi-Lo Strategies
While there are no specific strategies for playing the Hi-Lo bet in craps, some players prefer to use the Hi-Lo bet as a hedge against other bets.
For example, if you’ve made a Pass Line bet and want to protect yourself against a 7 on the next roll, you could also place a Hi-Lo bet.
This way, if the next roll is a 7, you’ll lose your Pass Line bet, but you’ll win your Hi-Lo bet, which will soften the blow of your Pass Line loss.
Key Takeaways on the Hi-Lo Bet in Craps
- Remember that the Hi-Lo bet has a high house edge of 11.11%. This means that it is not a good bet to make if you are trying to maximize your winnings.
- If you decide to make a Hi-Lo bet, keeping your bet size small is a good idea. This way, you will not lose too much money if you have a losing streak.
- Remember that the Hi-Lo bet is a type of proposition bet, which means it is based on luck and chance. There is no way to predict the outcome of the next roll of the dice, so don’t get too caught up in coming up with a winning strategy.
Conclusion
In conclusion, the Hi-Lo bet is a simple proposition bet in craps, but it has a high house edge of 11.11%.
While it may be fun to make this bet, it is not a good bet if you are trying to maximize your winnings.
Always remember to play responsibly and within your means.
