There are several bets that can be made in Craps. Here is a list of the most popular bets.
A Passline Bet is the most common and popular bet. In this bet, the player wagers their money on the shooter's first roll. If the shooter rolls a 7 or 11, the player wins. If the shooter rolls a 2, 3 or 12, the player loses. Any other number is a "point". The shooter then can only win if he/she rolls the point again before rolling a 7.
The "Don't Pass" bet is the exact opposite of a passline bet. The player is betting against the shooter and if a 7 or 11 is rolled, the player loses and if a 2 or 3 is rolled, the player wins. Any other number is a point. The player then can only win if the shooter rolls a 7 before rolling the point again.
The "Come" bet is similar to the passline bet, except it can be made anytime after the shooter establishes a point. The rules are the same as in a passline bet, with the player winning when 7 or 11 is rolled and losing when a 2,3 or 12 is rolled.
The "Don't Come" bet is similar to the don't pass bet, except it can be made anytime after a point has been established. The same rules apply to this bet, with the player again winning if a 7 is rolled before the point.
The "Odds" bet is a bet that can be made after a point is established. This is a bet on whether the shooter will succeed in rolling the point before rolling a 7. The payouts are based on the probability of the point being made, and is usually the most profitable bet for the player when the shooter makes the point.