Craps Lay Odds Bet

LAY BETS ODDS OF WINNING There are 36 possible combinations of two six-sided dice in craps lay bets. Six of those combinations total 7, while 5 total 6, five total 8, four each total 5 and 9 and three each total 4 and 10.

• Craps Lay Odds Between Two
• Craps Lay Odds Between 2

1. 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.
2. I don't bet based on how much in chips I have, because I typically have way more in my pocket than I do in chips. On the don't pass, typically will lay max odds on 4/5/9/10 and typically won't lay any odds against 6/8. Sometimes I'll even over lay the 4/10. Then again, I don't play craps much since there's no edge.

The Lay bet is considered pretty much the opposite of the Buy bet. In other words, players bet that a 7 will come out before one of the so-called point numbers 4, 5, 6, 8, 9, or 10 appear.

This bet is suitable for players who pay attention to some temporary trends over gameplay. For example, if a player notices that a certain number has not appeared for some time, they could suppose that the trend will continue for a little while and prefer the Lay bet on this number.

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The Lay bet is not a self-service bet, which means that the player needs the dealer's assistance in order to make it. When playing in a land-based casino, the player would have to first attract the attention of the dealer, and then put their chips inside the Come area. After doing that, the player must communicate with the dealer and tell them what number they would like to place a Lay bet on.

The chips are picked up by the dealer, who puts them in the suitable point box that corresponds to the player's position at the table. Then, they put a “Lay” button on top of the player's chips in order to indicate the fact that the player has preferred the Lay bet. When it comes to betting at an Internet casino, however, the procedure is much quicker and easier for the player. The Lay bet is placed in just a few clicks.

Still, players should be aware of the fact that Lay bets are rarely made, as their usefulness is considered somehow limited. In fact, the most efficient Lay bet is the one on the 4 and 10. Unfortunately, such a bet placed on the rest of the point numbers, 5, 6, 8, and 9, is considered unfortunate for the player, as it provides the casino with a too great of a house advantage.

As already mentioned, the best variation of the Lay bet is when the player puts their wager against 4 and 10.

In this case, the house edge equals 2.44%, in a way that is similar to how the casino advantage is reduced on the 4 and 10 with the Buy bet. So, players are highly preferred to place a Lay bet only on the 4 and 10. In addition, they should consider limiting the frequency of this bet and also bet around the casino maximum for the minimum commission. Such an approach would decrease the house edge.

Craps Lay Odds Between Two

Lay Bet and True Odds

The pay-off of the Lay bet is based on true odds. However, the odds are different for each point number the player bets on. There are three variations of the bet, including Lay bet for the 4 and 10, Lay bet for the 5 and 9 and Lay bet for the 6 and 8.

The true odds for placing a Lay bet on 4 and 10 are 1 to 2. When it comes to placing the same bet on the numbers 5 and 9, the true odds are 2:3. And last, but not least, the true odds of the Lay bet for the 6 and 8 are 5:6.

As already explained, the Lay bet is practically the opposite of the Buy bet, meaning that players hope for a 7 to appear before any of the point numbers they bet against. In fact, there are more ways to make a 7 than to make any of the point numbers, which means that the player should Lay more than they expect to win.

The fact that the pay-off for the Lay bets is based on true odds means that there literally is no house edge for the wager. Still, as explained for the Buy bets, the casino could not afford to lose money, so players are made to pay a special commission for the chance of getting true odds. The “vig” tax is the same as the one associated with the Buy bets, meaning that a 5% commission is required.

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Craps Lay Bet Strategy

Craps Lay Odds Between 2

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!

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.

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.