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In the lexicon of casinos and gambling, ‘Buffalo’ is a term specific to the game of craps. It refers to a betting strategy that involves wagering on every Hardway and also placing a bet on Any Seven. This combination bet is known for its aggressive nature and is a favorite among players who enjoy the thrill of high risk and the potential for high reward.
The ‘Buffalo’ bet is a combination of Hardway bets and a bet on Any Seven. Hardway bets are wagers that a hard number (double numbers like 4-4, 3-3, 2-2, 5-5) will be rolled before either a 7 or any other combination of that number (known as the “easy way”). For example, a Hardway bet on 8 would win if the dice show 4-4 but lose if the roll is 7 or an easy 8 (such as 6-2 or 5-3).
The Any Seven bet, also known as ‘Big Red,’ is a one-roll bet that the next roll will be a 7. This bet has a high house edge but also pays out at 4 to 1, making it an attractive option for those looking to win big on a single roll.
The ‘Buffalo’ bet covers all the Hardways and adds an extra layer of risk with the Any Seven bet. It’s a strategy that can pay off handsomely if the dice fall favorably, but it also carries a significant risk because the most common number to roll is seven, which would end the Hardway bets.
This betting strategy is popular among craps players who are looking for excitement and the chance to win big. It’s a bold move that can make the game more thrilling, but it’s not for the faint of heart or the risk-averse.
Like all bets in the casino, the ‘Buffalo’ bet comes with a house edge. The combined house edge on the Hardway bets and the Any Seven bet makes this a less favorable option in terms of odds. However, the potential payout can be quite large, which is why some players are drawn to it.