I am concerned that this strategy may reduce your EV more than your variance, however. When betting the Pass line, it seems to me that one way to reduce variance may be to refrain from taking maximum odds and instead using that money to make Come bets. Do you think I would receive full comp credit for these bets which partially hedge one another? How effective would this strategy be at reducing variance? In particular, I was thinking of making Place bets on 6 and/or 8 while betting the Don't Pass (after a point other than 6 or 8 is established). I was wondering whether there are less obvious strategies to reduce variance. Even though it would increase the casino's EV and reduce their variance, I think smart casinos may wish to discourage that strategy as it may detract from the fun gambling atmosphere they hope to achieve at a craps table. I would be too embarrassed to bet the Pass and Don't Pass at the same time. I used to bet black chips and the pass and dont pass and play odds on the 6/8 and lay 4/10 and that worked for a while. But its HARD to play for comps and you will end up losing in the long run.Ĭasinos have caught on to hedging and they dont credit you for the bets. Now I play $160 inside w no pass line bets and press and the go off. If you wish to argue that it is stupid to play craps for comps, please do so on my other thread in the Las Vegas Lifestyle forum.Ĭasinos have caught on to hedging and they dont credit you for the bets. It is a price I would gladly pay if the bets can significantly reduce variance while increasing the comps value of my play.

I am very aware that every 'hedging' bet I make (other than betting the odds) will increase my expected loss. Is there a way to combine these bets to reduce variance without incurring the disapproval of the casino staff who rate my play? I have learned that the lowest house edge bets (aside from odds bets that have no house edge) are the Pass, Don't Pass, Come and Place bets on 6 and 8. Since my primary goal is to earn comp credit without big bankroll swings, I am interested in strategies that may reduce variance without sacrificing much EV. As the thread turned toward discussion of strategy issues, however, I realize this is the more appropriate forum.

I recently posted on the Las Vegas Lifestyle forum about my first experience playing craps for comps at Harrah's.

Craps converted come bet strategy