Craps All Numbers Bet
I recently discussed the Free Odds bet. https://roadgambler.com/craps/craps-simple-beginners-guide-free-odds-bet/ Let’s now discuss the cousin of the Free Odds bet, the place bet.
Place bets are one of the most popular bets in the game of craps.
The chips that are straddling the lines in the picture below are place bets. The green chips, resting on top of the red chips, are come bet odds.
In this case, for all three winning bets, we expect to win a total of $27 (i.e., with a $5 bet at 9:5 odds, and with the 10 appearing three times in 36 rolls in a perfect distribution, we win $5 (our bet amount) x 9 (for the 9:5 odds) x 3 (for the three times the 10 appears in 36 rolls) = $27. A horn bet is split between 2, 3, 11 and 12—and is a single roll bet. A $4 horn bet is $1 on each number, so when 3 or 11 hits you get paid $12 or 3 to 1 on your bet. This is because you lose $1 on the 2, 11 and 12 and your bet stays up on the horn, so the dealer deducts $3 from your 15-1 payoff and gives you $12. Paying out a massive 30/1, Craps - 2 or 12 is the top paying bet at the craps table. You have a 2.8% chance of winning. For this bet, you will have to contend with a 13.9% house edge – but the payoff is most definitely worth it. Craps - 3 or 11.
The place bets above are identified by their placement in the middle of the box lines, whereas the come bet + odds are entirely inside the box.
WHAT ARE PLACE BETS?
Place bets are wagers that a 4, 5, 6, 8, 9, or 10 will roll before the number 7 rolls. The 4, 5, 6, 8, 9, and 10 are known as ‘box numbers’. They’re called box numbers because on the craps layout, the numbers are literally in an area that is box-shaped as seen in the pic above.
The player may wager on any, all, or any assortment of the box numbers.
Betting on all the box numbers is known as betting ‘across’.
Betting on the 5, 6, 8, and 9 is known as betting ‘inside’.
Betting on the 4, 5, 9, and 10 is known as betting ‘outside’.
A lesser known place bet assortment is betting on ‘even’, which is 4, 6, 8, and 10.
Generally, while some players say ‘even’ to signify betting on the 4, 6, 8, and 10, players generally do NOT say ‘odd’ to bet on the 5 and 9. They just say, ‘5 and 9’. The reason is that the term ‘odd’ has the meaning of the free odds bet.
Unlike the odds bet, however, a place bet does not need to be accompanied by a pass or come bet; in other words, there is no ‘flat’ bet requirement. A bettor can wager a place bet by itself, with no other bets on the table. As a matter of fact, many players play place bets and nothing else.
WIN-LOSS CONDITIONS OF THE PLACE BETS
The place bets have exactly the same win-loss conditions as the odds bet. The place bet will win if the point assigned to that odds bet rolls before the 7 rolls.
For example, if the place bet is on the 8, and the 8 rolls before the 7 rolls, then the place bet on the 8 will win.
If the 7 rolls before the 8 rolls, then the place bet on the 8 (and any other ‘working’ place bet) will lose.
Place bets can also be wagered and made live at any time. Be warned that typically if the bettor has a place bet, and the next roll is a come out roll, then the place bet will NOT be working unless the bettor tells the dealer that the place bet is working. Place bets, unless declared otherwise, are always presumed to be off on the come out roll.
PROPER BETTING INCREMENTS
You must be aware of proper betting increments on the place bets. Warning: betting increments on the place bets are different from the proper betting increments on the odds bets.
The following are the payouts for each point…
Place bet on 4 or 10
- Any increment of $5
- If the bettor is going to bet $20 or more on the place bet of 4 or 10, the bettor is better of ‘buying’ the 4 or 10.
Place bet on 5 or 9
- Any betting increment of $5
- If the bettor is going to bet $20 or more on the place bet of 4 or 10, the bettor is better off ‘buying’ the 5 or 9.
Point is 6 or 8
- Any increment of $6.
- Do not confuse the place bet increment of the 6 or 8 with the odds bet, which has a proper increment of $5.
PAYOFF ON THE PLACE BETS
Place bet on 4 or 10
- Every $5 increment will pay $9
- For example, if the bettor bets $10, the payout will be $18.
- The reason why the ‘buy’ is better is because if the place bet on the 4 or 10 is $20, then the payout will be $36; however, a buy bet of $20+1 will pay $40. Just think of it this way: for one extra dollar, you obtain an extra $4.
Place bet on 5 or 9
- Every $5 increment will pay $7
- For example, if the bettor bets $10, then the payout will be $14.
Point is 6 or 8
- Every $6 increment will pay $7.
- For example, if the bettor bets $12, then the payout will be $14.
- The penalty for confusing the place bet increment with the odds bet increment is that the casino will round down. For example, if the bettor bets $10 on the place bet, the casino will pay $11. The breakdown is that the first $6 will pay $7, and then the remaining $4 will pay even money $4. Thus, $7+$4=$11. If the player had bet an extra $2, instead of $10 place bet on the 6 or 8, the player would have gained an extra $4.
CONCLUSION
Place betting is one of the best bets at the craps table. While not as good mathematically as the odds bet, the place bet has the advantage over most other bets in that the place bets take, on average, 4 rolls of the dice to resolve. Imagine how much longer you could play, and how long your bankroll would last if on a game, such as blackjack, where you had to play four hands to win or lose one wager. Or if you had to spin the reel on a slot machine four times to determine a win or lose.
Most players are not fans of waiting out the protracted time it takes to resolve a single place bet. For those players, myself included, I prefer to make multiple bets, which is a viable option.
TEST YOUR MIGHT!
So now that you’ve read this article and you can identify the place bets on the layout, let’s take a little pop quiz.
In the pic below, identify the bets that are NOT place bets…
Answer below…
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Craps Bets Odds
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Bonus question…
Of the chips in the pic directly above, with the four arrows, how many bets are NOT place bets? In other words, identify the bets that are NOT place bets…
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Answer:
There are five bets that are not place bets.
The bets that are NOT place bets are the following:
Remember, the odds bet cannot be made without a come bet, so there is a come bet hiding under the odds bet.
Thread Rating:
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.
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
Craps Roll All Numbers Bet
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
Place And Buy Bets Craps
All four outside box numbers can be bought for a $2 commission when the bet size is $50.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.
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.
Any Craps Bet
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.
Basic Craps Bets
Lay what for 78?
4 or 10