Can you put odds on a place bet

Craps has a lot of different kinds of bets. Some always resolve in one roll and others may take many rolls. The standard definition of the house edge is the ratio of the expected player loss to the initial wager. Almost every legitimate gambling writer counts pushes in this calculation. However, in craps it often takes many rolls to resolve a bet, with the player being allowed to take down the bet at any time until it wins or loses.

Should such meaningless rolls, that don't effect the outcome, be treated as the wager pushing? Compared to other casino games, that would be the consistent thing to do. However, craps players usually leave such bets up until they are resolved. The question gambling writers must face is whether to count meaningless rolls as a push in calculating the house edge, or wait until the wager is resolved. After much thought, I have decided to express the house edge in craps three ways:.

In all forms of gambling I try to teach the player to make the best bets. In my opinion, the best bets in craps are those with a low "per roll" house edge. The Pass is the most fundamental bet in craps; almost every player at the table bets on it. If you only understand one bet in craps, it should be this one.

The Pass bet is put on the the pass line itself on a come out roll. You can tell it is a come out roll if there is a black laminated marker on the table that says "off. If the come out roll is a 2, 3, or 12, then you lose. If any other total is rolled 4, 5, 6, 8, 9, or 10 that total is called "the point.

Then, the shooter will roll the dice until he either rolls that same point again, or a seven. If a seven comes before the point, then you lose. If the point is rolled first, then you win even money. Do not make a Pass bet after the come out roll. This is allowed but is highly ill-advised because the value of a pass line bet is diminished after the come out roll.

The Odds is like a side bet in craps made after a point is thrown. It pays if the point is thrown before a seven. The odds on the Odds are exactly fair, which zero house edge. To be specific, the Odds pays 2 to 1 on points of 4 and 10, 3 to 2 on a 5 and 9, and 6 to 5 on a 6 and 8.

To make an odds bet after a pass line bet just put the odds bet behind the pass line bet, outside of the pass line area on the side closer to you. Because the Odds has zero house edge the player can only bet so much on it compared to his Pass bet. Most casinos allow what is known as "3- X Odds. How did they come up with this? I think because if the player always takes the maximum odds, and he wins on the pass line, the Odds bet will always pay 6 times the pass line wager, making the math easier for the dealers.

Some casinos pay even more, like 5X, 10X, 20X, or X odds on all points. If you see a casino advertising something like "10X Odds," that means that you can bet up to ten times you Pass bet on the Odds.

Finally, if comps are important to you, then be warned that most casinos do not count bets on the Odds towards the average amount you bet, because they don't stand to make any profit on it. The don't pass is almost the opposite of the pass line bet. If the come out roll is a 2 or 3 then you win, a 7 or 11 you lose. A 12 is a push, except in Reno and Lake Tahoe, where a 2 is a push instead of the Otherwise, the dice are rolled over and over until either the point or a 7 is rolled.

If the 7 comes first you win, if the point come first you lose. All wins pay even money. A person betting on the don't pass is called a "wrong" bettor and is usually winning when everone else is losing, and vise versa.

If you make this bet, keep a low profile. The other players do not want to see you yelling "yippy" as they are losing. This is the opposite of taking odds, in other words betting that a seven will be rolled before the point. It is called Taking the Odds if you bet on a point after a Pass bet. It is called Laying Odds if you bet against a point after a Don't Pass bet.

In both cases the odds are statistically fair, with no house edge. To be specific Laying the Odds against a 4 or 10 pays 1 to 2, against a 5 or 9 pays 2 to 3, and against a 6 or 8 pays 5 to 6. For example, if casino allows 5X Odds, then you may bet up to an amount such that a win would be no more than 5X the Don't Pass bet.

A Come bet is mathematically the same as a Pass bet. The only difference is it is made any time other than a Come Out roll. Like Pass bets, you may take Odds after a Come bet. 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. 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…. Remember, the odds bet cannot be made without a come bet, so there is a come bet hiding under the odds bet.

Craps: Place Bets Explained. Place bets are one of the most popular bets in the game of craps. The chip that is straddling the line at the upper left corner of the pic is also a place bet, as indicated by the chip straddling the pass line. This is because you are being paid 2 to 1 instead of 9 to 5.

Some casinos only charge you the commission on buy bets when you win. Ask the dealer at the table if this is their policy. If you have a choice of casinos to play in, always choose the one that only charges a commission on winning buy bets. Buying the 6 and 8 is not worthwhile. You will actually have a higher house edge because of the commission. Actively scan device characteristics for identification.

Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance.

Develop and improve products.