That is because gambling operators can impose their own payout rates on the games they show. Craps payouts show how much a winning bet will pay.Įven if you win a bet with a high payout, the casino’s own payout rate may get in the way of your win.Some games can have different house edges for varying bet types. House edge is a mathematical advantage a casino game has over the player, represented as a percentage.Odds are the probability of winning or losing based on the bet.This is possible if you master the concepts. However, it’s recommended to play the odds and try to reduce the advantage of the house edge. Strategy is not a key component in dice gamesĬraps is purely a game of chance. Properly reading a craps payout chart involves understanding the game’s: