Craps strategy revolves around understanding the game's bets and odds to maximize your chances of winning. Focus on placing bets with the lowest house edge, such as the Pass Line and Don't Pass bets, which offer better odds. Utilize the odds bet, which has no house edge, to further enhance your wagers after a point is established. Avoid high-risk bets like the Big 6 and 8, as they carry a higher house edge. Managing your bankroll effectively and setting win/loss limits can also help maintain a disciplined approach to the game.