What Is A Place Bet In Craps
What Is A Place Bet In Craps
Secrets Tip – Never bet the Big 6 or Big 8 located at the corners of the table. They carry a 9.09% House Edge versus Place Betting the same numbers for a 1.52% House Edge. All examples include betting both the (6) and (8) on a $10 minimum craps table. 6 & 8 Collect and Press. Place Bet both the (6) and (8) for $12 each (Total $24) Take these. Be smart and make place bets! #2: The Pass Line. The pass line is the fundamental bet on the craps table. Just like in other casino games, the basic bet is usually the one that carries one of the lowest house edges. The principle of the pass line is simple. After wagering on the pass line, the shooter will roll to establish a point in the come. I know multi-roll bets like pass and don’t pass and place bets on 6 and 8 are better, but what’s the best one and done? Among standard craps bets, the one-roll bet is the field. These bets are somewhat simple. There are actually two different types of place bets. One is called place bet to win and the other is place bet to lose.Essentially, these are bets that may be wagered at any time during the round.
Craps Lay Bet Strategy
Craps can be a daunting game for most including ourselves if we are honest and is not a game we normally play but here is the craps lay bet strategy and explanation of what exactly a lay bet is in craps.
When placing lay bets on craps you have no complicated or confusing bet combinations or hedges that are needed. Placing more than one bet will obviously reduce your odds of making a profit.
So what is a craps lay bet?
A lay bet is the opposite of a back bet in craps just like in most games that you can place lay bets on. As always it is also an easy way to get favorable odds of the selection you choose not to win giving you a high strike rate.
A craps lay bet is a bet that a 7 won’t be rolled previous to the number that you have your money on.
So you can choose 4, 5, 6, 7, 8, 9 or 10 and place a bet in the designated area on the table. An example can be seen above in the main picture.
There are 6 ways that the dice can be rolled to total 7!
When this is compared to the 5 ways that a 6 or an 8 can be rolled, the 4 ways in which a 5 or a 9 can be rolled and the 3 ways in which a 4 or a 10 can be rolled you can see why many craps players choose to place lay bets.
These figures are the basis of how much you are favored to win.
- 6 or 8 : odds are 6/5 in your favor; probabilities are 54.55 % you win, 45.45 % you won’t.
- 5 or 9 : odds are 6/4 in your favor; probabilities are 60 % you win, 40 % you’ll won’t.
- 4 or 10: odds are 6/3 in your favor; probabilities are 66.67 % you win, 33.33 % you’ll won’t.
The downside of lay bets on craps – The vigorish!
What Is A Place Bet In Craps
While lay betting on craps offer true odds this gives the casino no edge so therefor they collect a vigorish (vig).
To get around this the casino’s take the vigorish which is 5% of all winning bets.
So say you place a lay bet of £40 on 4, and the shooter rolls a 7 then you will win £19. So your £40 pays 1 to 2, which makes £20.
Hop The Sevens Craps
The “vig is deducted from that amount, so 5% of £20 is £1. Your win will be £19 and you will get £59 back, your winnings and the original £40 staked.
What Is A Place Bet In Craps