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Back and lay betting strategies for craps

back and lay betting strategies for craps

Making an odds bet after a don't pass bet is called "laying the odds" and is the opposite of a normal odds bet - you're betting that a 7 will be rolled before. T he Lay bet is basically opposite of the Buy bet. You bet that a 7 will appear before one of the point numbers (i.e., 4, 5, 6, 8, 9, or 10). I prefer to just play the don't and lay odds. Another wager I like is to just "lay" the 4, 5, 9 or Costs $1 then it's just laying odds. VINNY LINGHAM BITCOIN PREDICTIONS

An interesting aspect of this type of wager is that it can be turned on or off at any time by the player. In online craps, you can remove or place your Lay bet once again even more easily. This option allows players to remove their wager before it is resolved. Lay Bet Payout and House Edge The Lay bet is one of the very few wagers in craps where the payout is based on true odds. This means that the potential winnings of placing such a bet are equal to the risk, which is very rare in casino games.

Still, this bet is one of the best options available in the game, especially when certain numbers are laid. The reason for this is that the probability for some numbers to be rolled is higher than for others. This will be explained in detail below. Lay Bet Odds It is important to note that any of the numbers you choose to lay is less likely to be rolled in each following throw of the dice than 7.

This is number that has the highest probability to be rolled simply because it has the largest number of possible combinations. It is fairly easy to throw a 7 as there are 6 possible ways to do that — the sides of the two dice can be , , , , , and In contrast, there is only one possible combination for 2, for example, and that is when each die lands on 1. The possible ways to roll any of the numbers that can be laid are fewer than the combinations for 7.

There are three ways to throw 4 and 10, four ways to throw 5 and 9, and five possible ways to roll 6 and 8. All this is important to understand when looking at the payouts for each winning Lay bet as this is typically how the casinos gain a built-in advantage over their patrons. With the Lay bets, things are different, however. The odds for this wager on each different number can be easily calculated. As there are three ways to roll 4 and 10, the odds against rolling a 7 could be expressed as 3 to 6, or , which is Similarly, the odds of 5 or 9 are , equal to , while the odds for 6 and 10 are All these show that the probability of rolling a 7 is higher than for any other number.

In other words, when placing a Lay bet, players are more likely to win than to lose. Lay Bet Payout As mentioned above, the payouts for winning Lay bets are based on the true odds and, therefore, depend on the number players place their wager on. When 4 or 10 are laid, the payout is If 5 or 9 are laid, the payout will be , while the winning Lay bet on 6 or 8 pays However, as 7 is more likely to be rolled, players need to bet more money to win less.

This concept may be difficult to understand at first, but it is quite straightforward. Two rolls after that, the 7 appears and you win. But how much will you receive if the payout is ? Many players avoid placing this bet because they find it difficult to calculate their potential winnings.

But this is quite simple, in fact. However, the casino will not pay you the entire sum and instead, it will charge your winnings a small commission fee. Lay Bet Commission and House Edge Lay bets are an excellent choice for players because they pay out based on the true odds. Casinos, however, cannot accept that because, in its essence, it means that on average they will lose more than they will win. Offering these bets on craps would, then, make no sense for them.

However, odds bets can only be made on top of other bets, so, if you make an odds bet, the house still has an edge albeit a diminished one on your overall wager. Odds bets usually have a maximum bet amount that is some multiple of your pass or don't pass bet - 2X, 3X, 5X, etc. By taking the maximum odds bet every time you make a pass or don't pass bet, you maximize your winning potential and lower the house edge on your overall wager.

Making an odds bet after a pass bet is betting that the point will be thrown before a 7. Laying the odds against a 4 or 10 pays 1 to 2, 2 to 3 against a 5 or 9, and 5 to 6 against a 6 or 8. Come and don't come bets are essentially the same as pass and don't pass bets, except they're made at any point other than the come out roll. In other words, the roll after the come bet functions as the come out roll for the come bet. The conditions for winning a come or don't come bet are the same as those for pass or don't pass bets, respectively.

The odds on both are mathematically identical. Certain bets carry high house edges and are to avoided by serious gamblers at all costs. Only take these bets for their entertainment value - the thrill of risking your money on a long shot. In particular, put bets and proposition prop bets offer very unfavorable house edges, so avoid making these bets if you're looking to make money. Put bets are essentially pass bets that "skip" the come out roll.

In other words, you won't win on a 7 or 11 on the first roll and so on. Since much of a pass bet's value is in the come out roll, put bets can have house edges of as high as However, one mitigating factor is that odd bets can be made on top of put bets, lowering the house edge on the overall wager. Proposition or "prop" bets are basically bets made on the next roll of the dice.

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