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.
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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.
Craps Payouts – How the Payout for Each Bet is Calculated 0 Comment Melvin Even if you’re only aiming for a few sessions, craps payouts and winning odds are important as every player wants to enjoy the game and win money alike. Consequently, the true-odds payoffs are: 6:5 for the 6 and 8. 3:2 for the 5 and 9. 2:1 for 4 and 10. The casino limits the amount of Odds you can bet, and those limits vary among casinos. Common among many casinos is a limit of 5x Odds (pronounced “5 times Odds”). Some casinos have 10x, 25x, and even as much as 100x.
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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.
The Pass Odds / Come Odds Bet Explained - Lol Craps
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.
Craps Table Odds And Payouts
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 odds are a measure of how much of an advantage the casino holds in the game. Comparing the true odds of a craps wager against the payout, a gambler can see how much he or she is likely to pay to play. This article lays out the true odds in craps, discusses how they compare to the payoff, and extracts the house edge.
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