A hedge bet is basically a combination of two offsetting bets that will either insure minimal losses on a large bet, or, guarantee a small amount of profit. If you like to play craps, whether online or in a brick 'n mortar casino, you may want to consider incorporating hedge bets into your craps betting strategy.

In the long, run, continually playing hedge bets is not a good idea; However, a hedge bet every so often on the craps table is a good way to extend the life of one's bankroll (especially when it is small) and to slowly contribute to aggregate profit. The best time to make a hedge bet playing online craps is on a come-out roll.

The way it works is that you should begin by making a $5 pass-line bet, followed by an any craps bet for $1. If the shooter rolls a 2,3 or 12, then the pass-line bet is lost, yet the any craps bet becomes a $7 win, giving a net profit of $1. Although this is good insurance against losing the pass-line bet on the come-out roll, in the long run, the any craps bet is a loser, for its Casino Edge is 11.11%. In other words, use it sparingly. If the come-out roll establishes a point in the above example, you will lose the $1 any craps bet, and will have to wait and see how the pass-line bet plays out.

Another hedge bet many craps players like to make is on the point numbers 6 and 8.  To do this, begin by making a $10 bet on the Don't Pass line.  If the shooter rolls a six or eight, you would then put an additional $6 on the 6 or 8.  Since it is most likely for the shooter to seven out, the larger bet is on the Don't Pass Bet.  If the shooter rolls a seven before rolling the six or eight you will collect $10 and lose the $6, giving you a net profit of $4.Worse odds are for the Don't Pass Bet to lose, and the point number (6 or 8) to be rolled, which even if that happens, you are only losing out on $3 (losing the $10 don't pass bet and winning $7 on the point bet).  Once again, the hedge bet in this case is serving to minimize loss at the worst, while allowing for profit increase.

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