Of all the casino games available, craps is the one that requires the fastest thinking. With the right betting system you can reduce the house edge on a craps game to as little as 1% for backing a pass line bet with a free odds wager, or 1.2% for hedging a bet. The best way of learning craps strategy is to internalize the bets that you should not be making; remember not loosing is winning.
First off, Proposition Bets are a no-no. This type of bet is based on a single dice roll and comes with a house edge of a whopping 11%; unless you have a message from the heavens this is not a bet to make.
Next on the list of bets to avoid is the "Lay Bets". With a 5% commission and low odds this is best avoided at all times. If however you really do want to make a Lay Bet you should consider that casinos tend to charge commission on every $20 therefore precise amounts should only be dealt with. These amounts should only be laid as follows; multiples of $40 on 4 & 10, multiples of $30 on 5 & 9, multiples of $24 on 6 & 8.
Another type of bet that suffers from a 5% commission, and therefore should be made with care is the "Buy Bets". These bets are not for beginners at all, however after a while at the tables if you wish to give them a go, you can do so but should only make them on the 4 or 10. These bets produce the highest odds for the player at 2:1. The next closest odds are the 5 and 9 that offer 3:2, whilst the 6 and 8 give 6:5. Just as with the Lay Bets, casinos charge the commission per $20 bet on the Buy Bets too and so you should only bet in exact denominations of $20. Your minimum bet at Rome Casino is lower than at a land based casino and Rome Casino is an American express online casino.
Finally a "do-do" tip, rather than a "no-no" tip: Free Odds Wager. Take them when you can. This type of bet is basically an additional bet on top of the bet you already have, be it a pass, don't pass, come, or don't come bet. The reason that the Free Odds Wager is so wonderful is that it offers True Odds as opposed to House Odds - in short this means that if you win a Free Odds Wager, the casino makes absolutely no money off of it what so ever. In terms of strategy for making your Free Odds Wager, you should make your bets in increments, which will vary depending on the point. If the point is 5 or 9 the payout is 3:2, and thus you should make a Free Odds Wager of an even sum. If the point is 6 or 8 however, you should make your Free Odds Wager in $5 increments, this means you'll get a real payout rather than one that got rounded up or down.