Difference between place buy bets craps
Mar 29, · Place vs. Buy. Discussion in 'Advanced Craps' started by DarkSiderRidah, Jul 11, is that its best to "Place" the 6 n' 8. And "Buy" the 4 n' 5 n' 9 is a small difference in favor of Buying. So when I get to the tables I will always BUY the 4 or 10 and PLACE the 6or8. If losing with place bets, you may basicstrategy replied. The perils of the 4 or 10 Buy bet in craps. a Buy bet resembles a Place bet except that you pay a 5% commission on the amount of your wager. When you win, you are paid at the true odds, minus Author: Mark Pilarski. Even More Craps Bets: Place, Lay, Buy by Basil Nestor It’s amazing, but pass, don’t pass, come, don’t come, and odds (sometimes referred to as “free odds”) make up just a .
Even More Craps Bets: Place, Lay, Buy
Some craps bets are good, some are not-so-good, and some are for suckers. Basil's website is www. It might take hours, days, years, or it could happen on the next roll. What can be done? Craps Bets Menu.
Lay Bet and Buy Bet in Craps
This is one of the more complicated and interesting bets in craps. First I will start off talking about the buy bet. Basically, players can make a bet on the established point numbers at any time. Players will win if the shooter rolls the point number before the seven.
The payouts would be excellent because it would be paid by true odds. That means 4 and 10 pays out odds, 5 and 9 pays out odds and 6 and 8 pay out odds. This is also the actual odds of winning the bet so the house edge is zero! To sum it up, it pays out exactly same way as the pass odds bet for each number. The lay bet works almost the same way, except it is the opposite.
This time you wager on the point number and that the shooter will roll a seven before the point. Although, because the seven gets thrown more often than any other number, your payouts are "less than even".
Also, the house edge for 4 and 10 is 2. This bet would be perfect if it wasn't for that commission. The lay and buy bet is almost like a shortcut to the free odds bet, but you have to pay a price rather than just doing it straight from the pass line bet , where you can get around the commissions and also get much better overall odds anyways.
This wonderful book teaches players how to avoid sucker bets and win more when playing gambling games. He is also the author of The Smarter Bet Guide series for video poker, slots, craps, and many other books about gambling. Basil's website is www. Knowledge will also eliminate temptation, so you should read the next few sections to avoid being lured by whiz-bang payoffs and bets that are oh-so tempting to make.
What can be done? A place bet is simply a wager that a number will appear before 7. The table below shows the various place bets, the odds, and how they pay. A roll of 7 will appear frequently enough to wipe out the profits. When will that happen? It might take hours, days, years, or it could happen on the next roll. Remember, the house edge works.
A place bet is handled in a similar way to odds. Also note that 6 and 8 should be wagered in multiples of six. Place bets are automatically off during a come-out. And of course, you can take them down at any time.
Sounds great! Did I mention the vig? Strictly speaking, vigorish is synonymous with any casino house edge , but the word is mostly used in situations that involve a betting fee. Buy bets have a vig of five percent on the wager. The vig is returned if the bet is taken down. An additional vig is charged every time the dice deliver a decision. As with place bets, buy bets are automatically off during a come-out, and you can take them down at any time.
Lay bets sometimes called no bets are the mirror opposite of buy bets. They pay true odds when the shooter rolls a seven before the number. That makes a lay bet essentially the same as laying odds, except a five-percent vig is charged on the amount to be won. As with buy bets, the vig is returned if the bet is taken down.
Casinos can be intimidating and their games a little confusing, but here's a tip: The best bet on the craps table has no house edge , and it isn't shown anywhere on the layout. There's no mention of "odds" on the table. If you don't know about odds, you'll miss the best bet in the casino. If you know how to play craps , you know that new shooters have to place a wager on the Pass or Don't Pass line.
Once that new point of 4, 5, 6, 8, 9, or 10 is made, they can just keep shooting. The odds bet, the one that has zero house edge, isn't mandatory; it's optional. The Pass Line always pays even money, but the real beauty of the Odds wager is that you are paid the true odds of the point rolling. To make the wager, simply place chips behind your original Pass Line bet on the craps layout.
The amount you should wager depends on the point number. If the point is 4, 5, 9, or 10, match your bet. When the shooter makes their point, you'll get a much bigger payoff. Most casinos allow you to take double odds on you Pass Line bet. Your Pass Line bet has a house edge of 1. The Odds bet has no house edge, so by taking it you lower the house edge on your overall wagers.
A Pass Line bet with single odds has a house edge of 0. Over the last few years, many casinos have allowed players to take larger odds bets. Some casinos compete with each other to see who can offer the highest odds, up to times odds. Although this sounds great, it is impractical for average players to wager this much unless they have a very big bankroll. With this system, players are allowed to take three, four, or five times odds, depending on the point number. You can get odds on Come Bets too.
By Bill Burton. Updated November 04, If the point is:. If the point is