• Craps Lay Bets Payout Bet
• Craps Buy Bet Payout
• Craps Lay Bets Payouts

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.

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

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.

The true odds of rolling the numbers six and eight are 6 to 5 but a winning place bet on these numbers pays $7 to $6, so you must make your place bets on these numbers in multiples of six dollars. The house edge on the 6 and 8 is only 1.52 percent which makes it a very good bet. Lay bets don't pay even money. A $60 'no-four' doesn't get you 6-to-3 odds of winning $60. Payoffs are inverse to the odds. Lay $60 on four or 10 to win $30.

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.

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.

Most people know about keys to the stuff in the middle, hi-lo-yo stuff, etc, but today on craps someone threw in $700 to lay against the 8 and the box pretty much knew immediately that the vig was $28 where $560 wins $672. He said he had a key that he figured out himself and he wouldn't share it. I managed to get out of someone else that for this one it involves getting 4% of the amount to calculate the vig, 20 times that amount ($560) to determine what you win, and from here you can pretty easily figure out what to pay. ($500 wins $600, $60 wins $72). He refuses to share the others out of arrogance. What would they be for 4/5/9/10? It's probably not hard to figure out but I don't know where to start.

Sorry. I posted up something, but I don't think I'm qualified to answer this.5/9, 4%*16. 4/10, 4%*12. I did it all in my head, might be wrong.

I am assuming they want to keep 4% of your bet, so if you were to pass over 100, that would mean the bet is 96. The true odds is 5/6, so the true payout for 96 is 80. 80 happens to be 4/5ths of the original amount.
So the vig is 4% of the bet and the payout is 80% of the bet, i.e. $28 and $560.
Interestingly in the UK, a lay bet on the 6 or 8 pays 4/5!

Vig should be paid on the WIN for a lay bet, not the BET. I haven't been following them math on this thread, but that is how it has always been done with me. Sometimes an ignorant/slimy (take your pick) pit boss will try to change me 5% on the bet, and I will correct them.
Lay the 4 for $1000? Vig is $25. (Win is 1/2 or $500, 500*.05=25)
If you purposely make the math hard for the crew, don't be upset if they fuck you.

Vig should be paid on the WIN for a lay bet, not the BET. I haven't been following them math on this thread, but that is how it has always been done with me. Sometimes an ignorant/slimy (take your pick) pit boss will try to change me 5% on the bet, and I will correct them.
Lay the 4 for $1000? Vig is $25. (Win is 1/2 or $500, 500*.05=25)
If you purposely make the math hard for the crew, don't be upset if they fuck you.

Wait....
Everyplace I have ever played charge 5% on the bet, not on the win. How do you get the casino to do otherwise?

Wait....
Everyplace I have ever played charge 5% on the bet, not on the win. How do you get the casino to do otherwise?

Go to a different casino! (You haven't played EVERY place!)

Wait....
Everyplace I have ever played charge 5% on the bet, not on the win. How do you get the casino to do otherwise?

Check the Wizard's page and scroll down to the section on Lay bets. It's definitely supposed to be 5% on the win amount. You have been getting hosed, I'm sorry. If you find a place doing this and after correcting the dealer they still disagree with you, and the pit boss does not agree that you are correct, find a different casino!

Craps Lay Bets Payout Bet

A certain amount can be allowed for forgetfulness, but I've never had a house refuse to change it once I pointed out their error.

Craps Buy Bet Payout

Craps Lay Bets Payouts