Craps what is a lay bet

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. An additional vig is charged every time the dice produce a decision.

Also note that some casinos charge a vig only on winning wagers. Of course, if a player really wants to squeeze the house, then the best strategy is to avoid place, buy, and lay bets altogether. But your bankroll may die prematurely. More on Craps Betting. Some craps bets are good, some are not-so-good, and some are for suckers. The Smarter Bet Guide to Craps separates the best from the rest, and makes craps easy to learn.

Everything is here in a clear-cut format: Table layout, dice-shooting techniques, a detailed analysis of every craps bet, and mathematically proven strategies that help lower the casino's advantage.

A good basic guide to the game for players who are just starting out. Get it at Amazon! Online craps can give you a better deal than many land-based casinos and nowhere is this more true than at Casino Tropez. This popular casino for craps players offers Triple Odds on all pass and come bets.

The payout for craps lay bets work according to true odds. The player actually bets more money than they can win in one bet. These odds differ according to which numbers are bet on. Because the bettor will only win half of what they have bet and take their original bet back on winning , the house commission is based on the bet that has been won, not on the total amount. The original money placed on the bet is not charged a commission. The following is a list of the true odds for each of the numbers available to bet on in the craps lay bet:.

The odds are 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.