on a craps table there's no bet that has no house advantage other than the behind the line bet. Same with roulette.

and no, usually these tables have max bets, so it wouldn't be possible, if you had got to $500k (somehow), to bet that on a single bet.

again, the difference is the upside is asymmetric with options. also it's never an all or nothing bet like a coin flip - if your option value goes in the wrong direction you can sell for a partial loss.