Difference between lay bet and place bet in craps
Larry Edell: Craps pros get true odds on place bet numbers, but they have to pay the casino a small commission to get it. How about the secrets of Buy and Lay Bets? Wilson explains the lay bet in the game of craps. The dealer will place a buy chip on the bet usually in the don’t come area of the layout just above the point. The Buy bet is the same as the Place bet except that it pays true odds & your chips go in The Fire Bet in Craps; The Buy Bet: Sometimes Good, Sometimes Not so.
Lay Bet and Buy Bet in Craps
Also, the house edge for 4 and 10 is 2. The payouts would be excellent because it would be paid by true odds. This is also the actual odds of winning the bet so the house edge is zero! Ifyou want an easy game then you can simply stick to this bet and ignore all the otherbets. Furthermore, before gambling on the internet, you should check with your local, state and federal government to insure that partaking in such activity is legal within your jurisdiction. Taxes, fees not included for deals content.
List of Craps Bets
Ifyou want an easy game then you can simply stick to this bet and ignore all the otherbets. Though to get the best chances of winning, you should really learn the Free Odds bet too. The player wins evenmoney if a 3, 4, 9, 10, or 11 is rolled. On most tables a 2 pays double and 12 paystriple.
The player loses if a 5, 6, 7, or 8 is thrown. The house edge is a modest 2. The player is betting that thePlaced number will roll before a 7 rolls. This bet can be made at any time, butis usually made after a point number is already established. The house edge onBuy bets is 4. The house edge on prop bets ranges between For any given amount of money that you intend to bet on Craps, you want the highestpercentage possible on the Free Odds.
Herein lies the reasonwhy you should shop for a casino that offers 5X, 10X, 20X or X table odds! Each pointnumber pays different odds. Odds on come bets can be made exactly the same way as odds on pass line bets, exceptthat the player hands the Odds bet to the dealer who will place it on the numberrolled and on TOP of the original Flat bet. Just like the regular Odds bet, theOdds on the Come Bet also carries no house edge.
This bet is the same as a pass line bet only in reverse. The houseedge is 1. Same as a Come bet only in reverse. If a 7 is rolled beforethe number the player wins. This player is betting with that a point number willNOT roll before a 7 does.
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What is the difference between a Place bet and a Buy bet? Yes, I've read that they pay out different odds and that the buy bet comes with a "vig" charge. But surely one bet must be better than another since they are both betting on the same event happening - one must earn me more on my money, no? The 4 and 10 pay , true odds , yielding a house edge of 6. The 5 and 9 pay , true odds are 7. The 6 and 8 pay , true odds are house edge 1.
Only the 4 and 10 make buy bets worthwhile. They reduce the house edge to 4. I'm just interpreting here, but I think he's saying it only makes sense to buy the 4 and Place bets make more sense on all other numbers.
I'm sure someone will correct me if I'm wrong. Some places only charge the vig if you win, others when you make the bet. Obviously the former is preferable.
At most casinos, as a courtesy, they will automatically buy your 4 and 10 for you. Most casinos will charge you the vig only on a winning bet. I think you got the picture. Never buy the 5,6,8,9. Always buy the 4 and I believe this is correct no matter how the vig is charged, but from what VegasMan said no one in Vegas charges losing bets. All of your saved places can be found here in My Trips.
Log in to get trip updates and message other travelers. Place vs Buy Bets. Browse forums All Browse by destination. What are the most popular tours in Las Vegas? Grand Canyon All-American Helicopter Grand Canyon 4-in-1 Helicopter Tour. Mentioned in this post. Love it or hate it? Or anything in between See All Las Vegas Conversations. The Venetian Las Vegas. All hotels in Las Vegas See all Las Vegas resources Provided by: Top questions about Las Vegas. Includes places to see and things to pack!
T he Buy bet is similar to the Place bet, so if you need to review our article on the Place bet, do it now. Everything about the Buy bet is the same as the Place bet except that it pays true odds and you have to pay a price to get those true odds and your chips go in a different position on the table layout.
Technically, if you want to nitpick, that statement is incorrect. The Buy bet also pays off at true odds i. As the title of this article suggests, the Buy bet can be good or bad, in terms of the house advantage, depending on the number you bet on. Buy bets are better on the 4 and 10 1. Buy bets can also be better or worse than Place bets depending on the number you bet and the bet amount.
Buy bets on the 4 and 10 are better than Place bets on those numbers. We know from our other article that the Place odds for the 10 are 9: We know the true odds for the 4 and 10 are 2: The Buy improves as you increase the bet amount. The Place odds for the 4 and 10 are 9: Fractions of 50 cents or less are rounded down, while fractions of greater than 50 cents are rounded up. The timing for paying the vig varies among casinos. If there are several casinos in the area where you play, they probably take the vig after a win, whereas if the casino is the only gambling hall in a mile radius, then it probably makes you pay the vig at the time you make the bet.
Some casinos have minimums for their Buy bets. When a dealer tries to pass off that kind of B. The Buy bet on the 5 or 9 can be good, bad, or a wash compared to the Place bet, depending on the bet amount and when you have to pay the vig.
The true odds for the 5 and 9 are 3: The Place odds on the 5 and 9 are 7: In this example, the payout for the Buy and Place bets are equal, so the bets are considered a wash. By increasing the bet amount, you can make the Buy bet on the 5 and 9 better than the Place bet. The Buy bet becomes a bad bet compared to the Place bet if the casino requires the vig up front. The house advantage for Placing the 5 and 9 is 4.