One of the bets that exists in craps, but is not very commonly or frequently used, is the Place to Lose bet. The Place to Lose bet in craps is the exact opposite of the Place bet in craps, also called the craps Place to Win bet. This bet enables you to win if the shooter rolls the number 7 ahead of the number you bet on. You will also not find too many casinos, online or traditional, offering this bet at their tables.
Like the Buy bet, the Lay bet can be taken on any Point number and is a wager that 7 will come out before the Point. Again the odds on this bet are fair and as such the casino has no House Edge. The value to the casino comes from the 5% commission they charge.
This bet is not very popular among craps players, because most of them, close to 90%, prefer to roll with the dice rather than bet against it. Not only that, experienced craps players who have sound knowledge of the different bets and how they work seem to prefer the Don't Come or Don't Pass Line bets to the Place to Lose bet in craps.
Making the Craps Place to Lose Bet
One of the bets that exists in craps, but is not very commonly or frequently used, is the Place to Lose bet. The Place to Lose bet in craps is the exact opposite of the Place bet in craps, also called the craps Place to Win bet. This bet enables you to win if the shooter rolls the number 7 ahead of the number you bet on. You will also not find too many casinos, online or traditional, offering this bet at their tables.
Like the Buy bet, the Lay bet can be taken on any Point number and is a wager that 7 will come out before the Point. Again the odds on this bet are fair and as such the casino has no House Edge. The value to the casino comes from the 5% commission they charge.
This bet is not very popular among craps players, because most of them, close to 90%, prefer to roll with the dice rather than bet against it. Not only that, experienced craps players who have sound knowledge of the different bets and how they work seem to prefer the Don't Come or Don't Pass Line bets to the Place to Lose bet in craps.
Making the Craps Place to Lose Bet
Craps Lay Bets Payouts
- Lay 6 / Lay 8 pays 5:6 on wins, but the house also takes out a 5% commission on every bet. If the commission is only taken out of wins, the house advantage drops to 227%. What Craps Bets Should You Make Instead?
- Craps Payouts – Learn how to spot the best Payouts for Craps. Craps payouts and craps true odds are essential for players who are eager not only to enjoy a few sessions of this dice game but who also wish to win some cash. However, not all players are experts when it comes to the math behind odds and craps payouts.
To make the craps Place-to-Lose bet, you need to tell the dealer this is the bet you want to place. The dealer then places your chips directly at the box designated for placing the chips just above the number you have chosen to make your craps Place to Lose bet on. That number is now referred to as the Place number.
Craps Lay Bets Payout Bet
You can make the wager whenever you want; however, the wager does not become active until a point has been established. When you win a craps Place to Lose bet, you have the option of leaving your chips on the craps table, so that it becomes the amount for the next wager, or you can collect your winnings and remove the chips from the table. You also have the option of retaining a portion of your winnings on the table so that becomes your money for the next craps Place to Lose bet.
Craps Buy Bet Payout
Some Basic Craps Place to Lose Bet Payout Ratios
The odds of winning when you make a Place to Lose bet in craps vary, and depend mainly on the number that you are looking to bet on. The payout ratios also vary for the different numbers. In this section, will briefly mention the payout ratios associated with some of the numbers on which you may place a craps Place to Lose bet.
If the number you have bet on is 6 or 8, the payout ratio is 4 to 5 and you must bet in multiples of $8, which means a house advantage of just 1.82%. If the number that you choose to make your Place to Lose bet on is 5 or 9 the payout ratio is 5-to-8, and you would need to bet in multiples of $8 for either of these numbers to lose, which means the house has a 2.50% advantage. If the number if 4 or 10 the corresponding ratio is between 5 and 11 and you would have to bet at least $11 or multiples of this value to win, thereby giving the house a solid 3.03% advantage.
