What Is A Lay Bet In Craps
What Is A Lay Bet In Craps
The craps Lay Bet is the opposite of the Buy Bet and it includes the advantage of playing with true odds. You can’t place Craps Lay Bets on all numbers and you will have to pay a commission so some say that this type of bet is a waste of time. By statistics it could be a very lucrative deal to place a Lay Bet but in a game of luck there are never any guarantees no matter how great the odds are. Lay Bets are the opposite of the Buy Bets, except Lay Bets are wagering against the shooter. Like a buy bet, a Lay Bet allows a gambler to be paid true odds. To receive those nice votes, the craps player pays a 5% commission on their winning bets. Lay bets are made on one of the “point” numbers: 4,5,6,8,9, and 10.
- Lay Odds In Craps
- Craps Hop Bets Payouts
- Buy Bet In Craps
- Best Bets In Craps And Why
- What Is A Lay Bet In Craps
Understanding the Craps odds and bets that you can place is vital to ensuring you don’t lose all your money or embarrass yourself in a live game.
You might hear people shouting all types of lingo and vernacular terms such as “Horn Bets” or “Lay 10” which often confuse or put off even the biggest casino degenerates.
Thankfully, the rules of Craps are actually quite simple even if it takes time to learn the jargon. Make sure to read all information on this page, before You play craps for money.
We can predict the odds of any particular number coming up on a roll and why the craps rules are made how you will see.
For example: the odds for you to roll a 4 on your next roll are 11 to 1.
You can figure this out by taking the number of ways a four can be made with two dice (with a one and a three, a pair of twos, or a three and a 1) compared to the number of combinations that two dice can make, which is 36.
So we have a 3 in 36 chance, or 1 in 12 chance that a 4 will come up on any given roll. To express these odds as ‘against’, you would say the odds against rolling a four are 11 to 1 (think of it as 11 non 4’s to one 4 for a total of 12 rolls). The calculation we’ve just done determines the ‘true odds’ of rolling a 4.
As many of you may know, the casino doesn’t like to pay back its players with ‘true odds’, it prefers to alter them.
Craps rules, like so many other casino game rules, pay back odds which guarantee the house a profit in the long run. Say for instance you were to place a bet on ‘any sevens’, meaning you’re betting that the next roll will be a seven.
The odds against hitting a seven on the next roll are 5 to 1 (you can calculate that out the same way we did for 4), which means that if you bet one dollar and win, you deserve to win 5 bucks, but the casinos only pay you 4.
Most bets in most games at the casino have been altered in this way. In fact, this is exactly the phenomenon that gives the casino a house edge in many situations.
We’ve covered all the major types of bets and odds you receive here.
Understanding Craps Odds
For instance, odds can be related either as 2-1 or 2 to 1, where a 1 credit bet returns 2 credits. In other words, 2 to 1 odds returns the original 1 credit bet and a 1 credit profit.
The Best Craps Bets
The best bets in craps are the pass line bet, taking the odds, the don’t pass bar, the come bet, and placing the 6 or the 8. Let’s look at each:
Pass Line
This is the most basic and popular of bets when playing Craps. It has one of the lowest house edges (1.41%) and it is very simple to place. Betting on the pass line bet or betting “with the dice” is the most common bet in craps and you will see many players or shooters choosing it.
A pass line bet requires you to place chips on the “Pass Line” section of the table. If the shooter’s come out roll is a 7 or 11, you win even money (1:1). However, if the come out roll is 2,3 or 12 (craps) you lose.
If any other number is rolled (4,5,6,8,9 or 10) it’s called the point. The shooter continues to throw the dice until he/she roles a 7 or the Point. If the point is rolled first, you win even money. If the 7 is rolled first you lose your bet.
Interestingly, in a game of Crapless Craps, the ability to lose a Pass Line bet to craps on a come out roll is removed – hence the name “crapless” craps. This improves your odds of winning by removing the house edge and increasing your expected value.
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Don’t Pass Line
You can also bet on the “Don’t Pass” line, which is basically when you are betting or laying the shooter on his first roll. This is simply the opposite of the pass line bet and is also known as betting against the dice.
To make this bet place your chips in the narrower section just beyond the pass line labelled don’t pass.
If the shooter rolls a 2 or 3 (Craps) than you win straight away (1:1 even money). If a 7 or 11 is rolled before the Point is scored you lose. A 12 is considered a Push (draw) and normally you can relinquish this bet.
If any other number is rolled (4,5,6,7,8,9 or 10) this is established on the point number. After this happens you’ll win your money back if a 7 is rolled before the Point number, and lose if a 7 comes first.
Taking the Odds
After the point has been established, you can make an additional bet known as Taking the Odds or Pass Odds. You are betting on the Point number being rolled before a 7. The pay out odds are normally displayed on the Casino craps table.
The odds vary for different numbers based on the likelihood of them being rolled.
Normally, the payouts are as follows:
- 4 pays 2:1
- 5 pays 3:2
- 6 pays 8 pays 6:5
- 9 pays 3:2
- 10 pays 2:1
The odds bet is the best bet you can make in the game of craps, because the house has no built-in advantage. Free odds bets are paid back at true odds, so when you’re making these bets the casino has no house edge whatsoever, it’s an even game!
Come Bet
This is similar to a Pass Line bet, but it is made after the point has been established (dealer button is ON). The next roll then becomes the Come Out roll for your bet and establishes your Point. The payout depends on the Point:
- 7 or 11 pays 1:1 (also known as a Natural)
- 2, 3, or 12 you lose your money (also known as Craps)
- If neither of the above is rolled then (4,5,6,8,9 or 10) becomes the point for your bet. If a 7 comes before your point is rolled again you lose. If your point is won however your payout depends on the Point.
Come Bet Payouts:
| Number | Payout |
| 4 | 2:1 |
| 5 | 3:2 |
| 6 | 6:5 |
| 8 | 6:5 |
| 9 | 3:2 |
| 10 | 2:1 |
Taking the Odds
This is similar to the Come Bet and has the same odds above (Come Odds). You can place this bet only after the point has been established. If the 7 is rolled before the point, you lose.
Laying the Odds
Opposite of Taking the Odds. This is a Don’t Pass Line bet which can be made only after the point has been established. If a 7 is rolled before the point, you win.
Laying the Odds Payout:
| Number | Payout |
| 4 | 1:2 |
| 5 | 2:3 |
| 6 | 5:6 |
| 8 | 5:6 |
| 9 | 2:3 |
| 10 | 1:2 |
Don’t Come Bet
Oppose of Come Bet. This is similar to a Don’t Pass Line bet, but it is made after the Come Out roll. To make this bet all you need to do is to put your chips in the area labeled “Don’t Come” on the layout. You lose on a 7 or 11, and win on a 2 or 3. 12 is a “stand-off.”
Here you win if 7 rolls before your “come-point” is repeated, and lose if the “come-point” is made before a 7 is rolled.
Place Bets
You can bet on specific point numbers. If your number is rolled before a 7, you win. If a 7 comes before your point number, you lose. You’re paid out according to the table below.
Place Bets Payout:
| Number | Payout |
| 4 | 9:5 |
| 5 | 7:5 |
| 6 | 7:6 |
| 8 | 7:6 |
| 9 | 7:5 |
| 10 | 9:5 |
Placing the 6 or 8
When you make a place bet you bet that one of the numbers 4, 5, 6, 8, 9 or 10 will be hit before a 7 is hit. You can make a place bet any time by throwing your chips on the table while telling the dealer ‘I want to place the 6’ or whatever number you want to place your bet for.
So, if the number you bet on is rolled before a 7 you win and you are paid as follows: 4 or 10 placed – 9:5 odds, 5 or 9 placed – 7:5 odds, 6 or 8 placed – 7:6 odds.
As you can see the best for you is to place a bet on 6 or 8, because these bets have the best odds and also they have a good chance of hitting.
If you get the feeling like you want to place the 4 or 10, you should buy them instead, because although there is a Vig (a fee for winning bets) on these numbers, the edge comes out in your favor, however slightly.
However, the pass line bet is still the best one with the best odds and in the long run you should stick with it.
Although you can technically place a place bet at any time, it is impossible for it to come into effect until the shooters point is set, therefore it is more acceptable to ask for this bet after the come out roll is over.
Craps table
Bets with Poor Craps Odds
Big 6/Big 8 Bet
This is a Bet on a Big 6 or Big 8, put down after the point has been established. If a 6 or 8 is rolled before a 7, you win (1:1). This is a bet that you should not play because you can Place a bet on 6 or 8 and receive better odds.
Field Bets
Kind of what the name suggests, field bets are open to everyone who bets on the next number rolled. To place one you simple throw your chips into the table (as little chips as possible) and tell the stick man what you want. The payout for field bets:
- 3, 4, 9, 10, and 11 all payout 1:1
- 2 pays 2:1
- 12 pays out either 2:1 or 3:1 (depending on the casino)
Proposition Bets
Placed before any throw. The house edge on all of these bets are over 11%. Therefore, you should not bet these very often or you should hedge your bets when you do so.
You can bet on any number as follows:
- Betting on the next throwbeing a 2, 3 or 12 (Craps)
- Any Seven: Betting on the next throw being a 7
- Eleven: Betting on the next throw being an 11
- Horn Bet: Betting on the next number being a 2, 3, 11, or 12. The payout is determined by the number rolled
Proposition bets are those placed in the middle of the table layout, and those bets never have a good house edge. You should make these bets only for fun and to make your game more exciting.
So, here they are:
- With the “any seven” bet you’re betting the shooter will hit a 7 on the next roll. It has a horrible house edge of 16.67%. Never make this bet.
- With the “snake eyes” bet you’re betting the shooter will throw a two on the next roll.
- With the “yo eleven” bet you’re betting the shooter will hit an 11 on the next roll.
- With the “any craps” bet you’re betting the shooter will throw a 2, 3, or 12 on the next roll. It holds a house edge of over 11%
- With the “any three” bet you’re betting the shooter will throw a 3 on the next roll.
- With the “midnight” bet you’re betting the shooter will throw a 12 on the next roll.
- With the “horn” bet you’re combining the snake eyes, 3, yo 11, and midnight bets.
Hardway Bets
A Hardway Bet is also made regarding the outcome of the next die throw. A Hardway roll occurs when doubles are thrown with an outcome of 4, 6, 8 or 10.
For example: rolling a pair of threes would produce a “hard 6”. An Easy roll is produced when the same outcome is achieved, but without rolling doubles.
For the previous example, rolling a 4 and a 2 would produce an “easy 6”. For a Hardway Bet to win, the shooter must roll a double with an outcome of 4, 6, 8 or 10. The wager loses if either a 7 or any Easy number is rolled.
The Lay Bet
The lay bet is almost similar with the don’t pass and don’t come bets, because with this bet your are playing against the dice. You can make this bet at any time in the game and it can be placed on 4, 5, 6, 8, 9 or 10. A lay bet wins when 7 rolls before the number.
7 is more likely to come up than any other number so the casino requires you to wager more than you could win. This bet also requires a commission of 5% on average. If the bet is on 4 or 10 you get 1:2 odds, on 5 or 9 2:3 odds, on six or 8 5:6 odds.
The Buy Bet
When you choose this bet it means that you will buy numbers instead of placing them.
The numbers 4, 5, 6, 8, 9, 10 can all be bought but there are only two numbers that really make buy bets worthwhile and those numbers are 4 and 10 because they pay off better than the other numbers. You win if the buy number comes up before a 7 is rolled.
The odds are higher for a buy bet. 2:1 on a 4 or 10 buy, 3:2 for a 5 or 9, or 6:5 for a 6 or 8. Player pays 5% “vigorish” to get true odds on all numbers.
Depending on how much you bet, buying a bet can make you more money in the end even after accounting for the ‘vig’. The odds are only in your favor on a buy bet for a 4 or 10, so stick with the place bet on any others.
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There are six craps lay bets available. You can lay the 4, 5, 6, 8, 9 or 10.
Those are the same numbers that become points if the shooter rolls them on the come out, and the same numbers available to right bettors as place bets.
In each case, you win the bet if the shooter rolls a 7 before rolling your number, and you lose if the shooter rolls your number first. No numbers matter other than 7 and the number you lay.
Let’s say you lay the 6. That means you win only if the shooter rolls a 7 before the next 6. If the next few rolls are 11, 5, 9, 3 and so on, nothing happens to your bet. Those numbers don’t matter.
At any point, if a 7 turns up, you win, or if the roll is 6, you lose.
LAY BETS ODDS OF WINNING
There are 36 possible combinations of two six-sided dice in craps lay bets. Six of those combinations total 7, while 5 total 6, five total 8, four each total 5 and 9 and three each total 4 and 10.
That means you’ll win six times for every five times you lose if you lay 6 or 8, win six times per four losses on 5 or 9 and win six times per three losses on 4 or 10.
The odds in favor or your winning lay bets are 6-5 on 6 or 8, 3-2 on 5 or 9 or 2-1 on 4 or 10.
LAY BETS PAYOFFS AND COMMISSION
Because you win more often than you lose, the house charges a commission in order to gain an edge.
Payoffs are commensurate with true odds. If you bet $6 on 6 or 8, a winner will bring you $5. If you bet $3 on 5 or 9, a winner will bring you $2, and if you bet $2 on 4 or 10, a winner will bring you $1.
The commission amounts to 5 percent of the amount you would win if the shooter rolls a 7.
Let’s set our bet sizes all to amounts that would win $20 to make an easy comparison.
If you lay 6 or 8, you must wager $24 for a chance to win $20 – the 6-5 odds multiplied by four. Fiver percent of $20 is $1, so that’s the commission you must add to your wager, so your full bet is $25 for a chance to win $20.
If you lay 5 or 9, you must start with $30 for a chance to win $20, and the 1 percent commission brings your total risk to $31.
If you lay 4 or 10 you must start with $40 for a chance to win $20, and the 1 percent commission bring your total risk to $41.
Some casinos charge the commission only if your bet wins. That makes a difference in the house edge, as we’ll see below.
LAY BETS HOUSE EDGE
The best deal on lay bets is on 4 or 10, where the commission represents the smallest proportion of your bet.
Let’s start with casinos where you must pay the commission on all lay bets, win or lose.
If you lay 4 or 10, the house edge is 2.44 percent. In the long run, per $100 wagered, you would average $2.44 in losses
If you lay 5 or 9, the house edge is 3.23 percent.
If you lay 6 or 8, the house edge is 4 percent.
What if the house charges the commission only on winning bets? Then the house edge is reduced on all numbers.
Lay Odds In Craps
On 4 or 10, commission on winners only, the house edge is 1.67 percent.On 5 or 9, commission on winners only, the house edge is 2 percent.
On 6 or 8, commission on winners only, the house edge is 2.27 percent.
SOURCE
LAY BETS HOUSE EDGE
On 4 or 10, commission on winners only, the house edge is 1.67 percent.
Lay the 4 for $50 (sure you could Lay the 10)
you win $25
and 5% of $25 = $1.25 = vig
most will always pay $1 vig (I never seen it different)
so edge = 1 / 75 or a sweet 1.33%
better than the line bets and the place bets of 6 & 8
next
and there are others too
Sally
Craps Hop Bets Payouts
All four outside box numbers can be bought for a $2 commission when the bet size is $50.
Buy Bet In Craps
You're right about the opposite of lay bets but problem is you need to roll all 6 numbers for you to get paid, but if you lay all the numbers you just need to roll the easiest number on the dice one time to get paid.The best part is many of the shooters also hope to roll a seven on come out roll. I would never say it's a get rich quick kind of betting but it's pretty smart.
Best Bets In Craps And Why
What Is A Lay Bet In Craps
AcesAndEightsYou're right about the opposite of lay bets but problem is you need to roll all 6 numbers for you to get paid, but if you lay all the numbers you just need to roll the easiest number on the dice one time to get paid.
This is true, and in exchange, the lay bets PAY LESS for the privilege of winning more often (and, consequently, all at once).
The best part is many of the shooters also hope to roll a seven on come out roll. I would never say it's a get rich quick kind of betting but it's pretty smart.
The dice don't give a good god damn about the shooters hopes or dreams. They will roll according to the probabilities, and you are no more likely to win your lay bets on the come out than you are any other time. But hey, you get to celebrate with the rest of the table, and there is something to be said for that.
Lay what for 78?
4 or 10What Is A Lay Bet In Craps