Nov 10, 2020 The best craps strategy is to learn how to play the game, understand the basic bets which offer the best odds, and stick with those bets. Betting systems which involve raising and lowering your bets based on some arbitrary criteria are a bad idea, because they don’t affect your chances of winning. Hedging your bets is also a bad idea. Laying odds is one of the best things players can do when playing craps. The simple reason for that is that the house doesn’t have an advantage on that money. Therefore I usually make odds bets when I get the chance to. Jan 21, 2019 The odds are in your favor as you’re betting with the casino and not against Laying either the (4) or (10) has a lower ‘House Edge’ than laying the other numbers House Edge (4) & (10) is 2.44%, (5) & (9) is 3.23%, and the (6) & (8) is 4.00% You can ‘buy’ the number so you can get paid out at ‘true odds.
Craps Lay Bet Strategy
Craps can be a daunting game for most including ourselves if we are honest and is not a game we normally play but here is the craps lay bet strategy and explanation of what exactly a lay bet is in craps.
When placing lay bets on craps you have no complicated or confusing bet combinations or hedges that are needed. Placing more than one bet will obviously reduce your odds of making a profit.
So what is a craps lay bet?
A lay bet is the opposite of a back bet in craps just like in most games that you can place lay bets on. As always it is also an easy way to get favorable odds of the selection you choose not to win giving you a high strike rate.
A craps lay bet is a bet that a 7 won’t be rolled previous to the number that you have your money on.
So you can choose 4, 5, 6, 7, 8, 9 or 10 and place a bet in the designated area on the table. An example can be seen above in the main picture.
There are 6 ways that the dice can be rolled to total 7!
When this is compared to the 5 ways that a 6 or an 8 can be rolled, the 4 ways in which a 5 or a 9 can be rolled and the 3 ways in which a 4 or a 10 can be rolled you can see why many craps players choose to place lay bets.
These figures are the basis of how much you are favored to win.
- 6 or 8 : odds are 6/5 in your favor; probabilities are 54.55 % you win, 45.45 % you won’t.
- 5 or 9 : odds are 6/4 in your favor; probabilities are 60 % you win, 40 % you’ll won’t.
- 4 or 10: odds are 6/3 in your favor; probabilities are 66.67 % you win, 33.33 % you’ll won’t.
The downside of lay bets on craps – The vigorish!
Craps Field Bets
While lay betting on craps offer true odds this gives the casino no edge so therefor they collect a vigorish (vig).
To get around this the casino’s take the vigorish which is 5% of all winning bets.
So say you place a lay bet of £40 on 4, and the shooter rolls a 7 then you will win £19. So your £40 pays 1 to 2, which makes £20.
Craps Working Bets
The “vig is deducted from that amount, so 5% of £20 is £1. Your win will be £19 and you will get £59 back, your winnings and the original £40 staked.
Advanced Craps Strategy Laying Odds In Craps
Learn How to Play Craps Lesson 7 - Dark Side Odds Payoffs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Did you know that less than 15% of all craps players are dark side bettors? In part I of the series, I covered odds payoffs on Pass Line/Come Line bets, otherwise called Placing Odds. Now it's time for the dark side. Initially, it's easy to be confused and intimidated by dark side odds, (called Laying Odds). Some of you in fact may say, 'I don't need to learn dark side odds, I'll NEVER play the don't!' Let me tell you something. The longer you play craps, the more likely it will be that you will develop some dark side methods to your overall playing strategy. If you are the type of player, who even after five seven outs in a row are bucking the trend and STILL making pass line bets, there is little help for you and your bankroll. (If your idea of a dark side strategy is placing bets on the 'Any 7', then there is NO hope for you.) With the dark side, there are generally two things that people get confused by. The first being, 'How much do I have to lay in odds?' and, 'How much will I be paid?' Basically, if you know your odds payoffs as a Right Bettor, then you will be able to lay odds easily as well. For instance, look at a don't pass/don't come bet on the 6 or 8. If you had been a Right Bettor, you would place $5 in odds to get a $6 payoff on the odds. (Odds amount x 20% plus odds amount). The inverse is true for laying odds on the 6/8. You would lay $6 in odds to get a $5 payoff on the odds. Frankly, I'm not sure whether this will simplify the process for you or confuse you more. Perhaps you will need to memorize the chart. For me, I take what I know about right side odds, and merely flip them around. Look at the lay odds payoff chart below and you'll see what I mean.
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Obviously, laying odds on the 4 or 10 is easiest to calculate, the 5 and 9 being the most difficult. If you play the dark side for even the shortest period of time, you will quickly become adept at knowing how much to lay and what to expect to be paid. Similar to placing odds, if you become familiar with the basic lay odds amounts and payoffs, you'll be able to calculate larger amounts. For instance: How much would you be paid if the point was 9 and you layed $48 in odds behind your don't pass bet? You know the payoff on $24 in odds is $16, so the answer would be $32 on your lay odds amount, plus $5 for the flat portion of your bet. Not too tough, is it? On a final note regarding laying odds. Don't hesitate to ask the dealer. That is why they are there, to assist you. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Now that you are done here be sure to check out, Lesson 8 - Continuing Your Education See You At The Tables, Soft Touch PS Review the Books and products listed. I would love to see you at one of our live events! | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||