The Iron Cross betting strategy in craps is a well-established approach that has been around for over a century. It has been marketed under various names like the umbrella system, the anything but seven system, and the 87% system. In this strategy, players make equal-sized bets on the 5, 6, and 8, and place half that bet in the field. The goal is to win on any number except seven, as the 5, 6, and 8 are not represented in the field. However, if a seven is rolled, the player loses all three numbers.
The downside of the strategy is highlighted by breaking down the risks and potential winnings for each roll. Despite occasional short-term success, caution is advised against relying on the Iron Cross strategy in the long run, with the suggestion that more money has likely been lost on it than on any other craps strategy. While some dice influencers may use it with specific dice sets and toss techniques, the overall recommendation is to approach the Iron Cross strategy with caution, especially for those seeking consistent success in craps.