Casino Cheats and Thieves: The Simpler the Better

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Casino theft is still a big problem, even with today’s sophisticated surveillance equipment and techniques.  The three biggest thorns poking at the casinos are theft by casino insiders, theft by customers who snatch-and-run, and cheaters at table games, especially the craps tables. Surprisingly, the simplest rip-offs are the most difficult to spot and prevent.  In 2015, the Gaming Control Board … Read More

Does the Place Bet in Craps pay more?

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Hi, Jeff, thanks for your post. We don’t think we correctly understand your question, but we’ll give it a try. Let’s break down your post and address it in pieces, and maybe that will give you the info you’re looking for. Your statement, “…if you play the odds in craps you should never bet less than five times odds because … Read More

How Dealers Keep Track of Everyone’s Bets

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When the table gets hot and filled with 8 players squeezed in at each end, the point boxes on the layout are typically full of chips that appear at first glance to be scattered everywhere at the craps table. It looks like chaos to the untrained eye. How in the world do the dealers keep track of everyone’s bets? It’s … Read More

Bubble Craps Machine

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shoot to win craps

e’re starting to receive questions about a fairly new variety of craps called “Bubble Craps.” We here at the Crapspit avoid this game (we explain why in a moment), so we don’t know the details of how to work the user display, the payoffs, etc., but we can provide a basic description so you can then decide if it might … Read More

The “Free Odds” Bet in Craps

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I know what you’re thinking. When it comes to casino games, including craps, nothing is free, so what’s this “Free Odds” bet? Sounds like something you’d want to take advantage of, right? Absolutely! We explain the Free Odds bet in detail in our other articles about the Pass Line and Don’t Pass bets, but we wanted to summarize the material … Read More

Gambler’s Fallacy : Bad theory, poor mathematics, unreasonable statistics, nonsense ?

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gamblers fallacy example

At CrapsPit we have 2 posts about Gambler’s Fallacy and this makes for a third which is a reply to a post posted by a user in which the user states “Gambler’s Fallacy for what it is… bad theory, poor mathematics, unreasonable statistics and pure nonsense.” Here Don’t let the Gambler’s Fallacy Hook You. Gambler’s Fallacy Clarified : Providing examples … Read More

Gambling and Taxes: Pay Them or Pay the Price

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Casino Winnings Tax

A wise man once said, “The income tax created more criminals than any other single act of government.” We here at the Crapspit say, “You wanna play, you gotta pay.” Taxes, that is. Yes, gambling winnings are taxable. Yes, you must report them on your Form 1040 which can be downloaded from here www.irs.gov/pub/irs-pdf/i1040tt.pdf. It doesn’t matter how much or … Read More

What Does It Mean to “Color” at the Craps Table? color in color up etc

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Online casino chips

Before a player leaves the craps table, especially after a winning session, you’ll typically see him place his chips in the apron and say “Color, please.” You might hear slight variations of the term, but they’re all fundamentally the same. For example, the most common forms are Color, Color In, Color Out, and Color Up. What does it mean and … Read More