Lay bets are wagers that a seven will roll before the number behind which you have your money. The dice have six ways to total seven. Compare this with five ways each for six or eight, four ways each for five or nine, and three ways each for four or 10. These figures are the basis of how much you're favored to win. Lay Bet and Buy Bet in Craps. Jackpot strike casino. Close Types of Craps Bets. Line Bets: Pass Line Bet Don't Pass Line Bet Pass Odds Don't Pass Odds Come Bet Don't Come Bet. Single Roll Bets: 2 - Snake Eyes 3 - Ace Deuce 11 - Yo 12 - Boxcars 2 or 12 - Hi Lo Any Craps C and E The Horn Bet Any Seven Whirl - World On the Hop Field.
YouCanBetOnThat
One of our listeners was playing craps at the Hard Rock Casino in Lake Tahoe. The table minimum was $10.He tried to make a lay bet against the 4 for $20 (plus $1 for the vig). This would appear to be the minimum you could lay against the 4 because the winning payout would be $10.
However, he was told by the dealer that the minimum for a lay bet against the 4 was $40 (plus $1 vig). Now, while that's a much better bet than the $20 lay (because you're paying 5% vig instead of 10%), it doesn't seem to me it should be the minimum on a $10 table.
Was the dealer wrong? Or are the places where they really won't book a lay against the 4 for less than $40, even at a $10 table?
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wudged
Most places won't let you lay for an amount that will win you less than $20.
I remember asking about buying 4/10 for $15 once at Harrington, DE casino and was told they weren't legally allowed to accept that bet. I said 'yet you have big 6 and 8 on the felt?' The box just shrugged her shoulders..
I remember asking about buying 4/10 for $15 once at Harrington, DE casino and was told they weren't legally allowed to accept that bet. I said 'yet you have big 6 and 8 on the felt?' The box just shrugged her shoulders..
SanchoPanza
Was the dealer wrong? Or are the places where they really won't book a lay against the 4 for less than $40, even at a $10 table?
If some putzer wants to pay 10% vig instead of 5%, the house would be crazy to deny him that ill-thought-out venture. Maybe there were some other circumstances affecting the action.RS
I have a few guesses. The first is, like wudged said, perhaps they require a lay bet to win at least $20. I've never heard of this before, but, I know different houses have different (and weird) rules.
Perhaps the dealer was confused [if he's new..but I kinda doubt that]. His thought process could have been something like: 'Table minimum is $10. $10 on the 4 wins $20 [less the vig]. So the table minimum [on the 4] you have to bet enough to win $20. Therefore, the minimum lay is $40.' Or maybe he's been dealing for years and had one of those brain-fart moments when you can't figure out what the simplest bet pays.
Perhaps the dealer was confused [if he's new..but I kinda doubt that]. His thought process could have been something like: 'Table minimum is $10. $10 on the 4 wins $20 [less the vig]. So the table minimum [on the 4] you have to bet enough to win $20. Therefore, the minimum lay is $40.' Or maybe he's been dealing for years and had one of those brain-fart moments when you can't figure out what the simplest bet pays.
AtGame7
It has to do with breakage on the big. The minimum you can lay is enough to win an amount they can charge at least $1 vig without rounding. Thus, you have to lay at least $40 on the 4/10 so the 5% vig will be exactly $1. They will not round up on the vig.
SanchoPanza
Perhaps the dealer was confused [if he's new..but I kinda doubt that]. His thought process could have been something like: 'Table minimum is $10. $10 on the 4 wins $20 [less the vig]. So the table minimum [on the 4] you have to bet enough to win $20. Therefore, the minimum lay is $40.' Or maybe he's been dealing for years and had one of those brain-fart moments when you can't figure out what the simplest bet pays.
That occurs often enough. But the box or floor would normally step in and straighten out the problem.RS
True. But I believe harrah's casinos don't have boxmen sitting, unless there's a big game going on.
SanchoPanza
True. The book of ra. But I believe harrah's casinos don't have boxmen sitting, unless there's a big game going on.
Yes. That is an annoying fact of life at Harrah's, one that is often the subject of complaints right here about indecisiveness, wasted time and extra workload for the dealers. But the floor supervisors typically hover around anything approaching out-of-the-ordinary action.petroglyph
Yes. That is an annoying fact of life at Harrah's, one that is often the subject of complaints right here about indecisiveness, wasted time and extra workload for the dealers. But the floor supervisors typically hover around anything approaching out-of-the-ordinary action.
@ SanchoPanza,
'Don Quixote’s sidekick, Sancho Panza, expresses well in Cervantes’s novel: “Well, there is a remedy for all things but death, which will be sure to lay us flat one time or other.”
apologies if OT
SanchoPanza
“Well, there is a remedy for all things but death, which will be sure to lay us flat one time or other.”
That, sir, despite all the variances of our lives, is the ultimate house advantage. Talk about the long run!- Page 1 of 2
Craps Lay Bet Strategy
![Vegas Vegas](https://www.liveabout.com/thmb/Ho4jHb-uU5g_WNRGAOl2uo_Cers=/2004x1496/filters:fill(auto,1)/GettyImages-6427-000194-59684fec5f9b582c356699cf.jpg)
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.
Place And Buy Bets Craps
What Is A Lay Bet In Craps Game
Lay bets offer true odds but there is a downside – the vigorish!
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).
Best Bets In Craps And Why
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.