What Is A Lay Bet In Craps

• What Is A Lay Bet In Craps Game
• Las Vegas Craps Strategy

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What is a lay bet? Lay betting is an option on a betting exchange which allows gamblers to play the role of a traditional bookmaker. You set the odds of the bet, and you potentially win the backer's stake if the selection loses. If the selection wins, you lose the backers stake multiplied by the price of the selection (minus the stake amount). Lay betting explained. To this day, it is hard to walk down any main street in any town without seeing a storefront betting Lay Bet Craps shop, and the British love to 'have a punt' on Lay Bet Craps all types of activities. The love for gambling of all forms in the UK led quickly to Lay Bet Craps creating a huge online presence. Many of the traditional betting.

Craps LAY BETS Strategy on come out roll explained below.
There are six craps lay bets available. You can lay the 4, 5, 6, 8, 9 or 10.
Those are the same numbers that become points if the shooter rolls them on the come out, and the same numbers available to right bettors as place bets.
In each case, you win the bet if the shooter rolls a 7 before rolling your number, and you lose if the shooter rolls your number first. No numbers matter other than 7 and the number you lay.
Let's say you lay the 6. That means you win only if the shooter rolls a 7 before the next 6. If the next few rolls are 11, 5, 9, 3 and so on, nothing happens to your bet. Those numbers don't matter.
At any point, if a 7 turns up, you win, or if the roll is 6, you lose.
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.
That means you'll win six times for every five times you lose if you lay 6 or 8, win six times per four losses on 5 or 9 and win six times per three losses on 4 or 10.
The odds in favor or your winning lay bets are 6-5 on 6 or 8, 3-2 on 5 or 9 or 2-1 on 4 or 10.

LAY BETS PAYOFFS AND COMMISSION
Because you win more often than you lose, the house charges a commission in order to gain an edge.
Payoffs are commensurate with true odds. If you bet $6 on 6 or 8, a winner will bring you $5. If you bet $3 on 5 or 9, a winner will bring you $2, and if you bet $2 on 4 or 10, a winner will bring you $1.
The commission amounts to 5 percent of the amount you would win if the shooter rolls a 7.
Let's set our bet sizes all to amounts that would win $20 to make an easy comparison.
If you lay 6 or 8, you must wager $24 for a chance to win $20 – the 6-5 odds multiplied by four. Fiver percent of $20 is $1, so that's the commission you must add to your wager, so your full bet is $25 for a chance to win $20.
If you lay 5 or 9, you must start with $30 for a chance to win $20, and the 1 percent commission brings your total risk to $31.
If you lay 4 or 10 you must start with $40 for a chance to win $20, and the 1 percent commission bring your total risk to $41.
Some casinos charge the commission only if your bet wins. That makes a difference in the house edge, as we'll see below.
LAY BETS HOUSE EDGE
The best deal on lay bets is on 4 or 10, where the commission represents the smallest proportion of your bet.
Let's start with casinos where you must pay the commission on all lay bets, win or lose.
If you lay 4 or 10, the house edge is 2.44 percent. In the long run, per $100 wagered, you would average $2.44 in losses
If you lay 5 or 9, the house edge is 3.23 percent.
If you lay 6 or 8, the house edge is 4 percent.
What if the house charges the commission only on winning bets? Then the house edge is reduced on all numbers.
On 4 or 10, commission on winners only, the house edge is 1.67 percent.
On 5 or 9, commission on winners only, the house edge is 2 percent.

What Is A Lay Bet In Craps Game

On 6 or 8, commission on winners only, the house edge is 2.27 percent.
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LAY BETS HOUSE EDGE
On 4 or 10, commission on winners only, the house edge is 1.67 percent.

but it can be lower and I have seen this and made these bets a lot.
Lay the 4 for $50 (sure you could Lay the 10)
you win $25
and 5% of $25 = $1.25 = vig
most will always pay $1 vig (I never seen it different)
so edge = 1 / 75 or a sweet 1.33%
better than the line bets and the place bets of 6 & 8
next
and there are others too
Sally

Las Vegas Craps Strategy

Buy bets are the flip side of Lay bets. Because the casino bankroll is essentially infinite, the guerrilla strategic imperative to minimize losses suggests taking the small end rather than laying the large end of the bet.
All four outside box numbers can be bought for a $2 commission when the bet size is $50.You're right about the opposite of lay bets but problem is you need to roll all 6 numbers for you to get paid, but if you lay all the numbers you just need to roll the easiest number on the dice one time to get paid.
The best part is many of the shooters also hope to roll a seven on come out roll. I would never say it's a get rich quick kind of betting but it's pretty smart.AcesAndEights

You're right about the opposite of lay bets but problem is you need to roll all 6 numbers for you to get paid, but if you lay all the numbers you just need to roll the easiest number on the dice one time to get paid.

This is true, and in exchange, the lay bets PAY LESS for the privilege of winning more often (and, consequently, all at once).

The best part is many of the shooters also hope to roll a seven on come out roll. I would never say it's a get rich quick kind of betting but it's pretty smart. Win real cash money.

The dice don't give a good god damn about the shooters hopes or dreams. They will roll according to the probabilities, and you are no more likely to win your lay bets on the come out than you are any other time. But hey, you get to celebrate with the rest of the table, and there is something to be said for that.Lay what for 78?

Lay what for 78?

4 or 10WMW, you and your cousin LMD should plan a trip to Vegas at the same time, that way we can kill 2 ---- birds with one stone.When it comes to the Buy bets (the Lay bet's light-side cousin) MGM properties only charge on a win. If nobody here can give you a straight answer, best to start with them.

It also indicated there's a complete guide to Vegas playing conditions here, but I can't find it:
'The Casino Royale, which offers 100x odds. For complete playing conditions in Vegas please see my new Vegas craps directory.' Casinos in greece.

There is this guide to odds offered, not sure if that's what you want?
LAS VEGAS CRAPS SURVEYThe craps survey is a very good start, but does not (and cannot always) include highly detailed information such as 'vig on win' vs. 'vig on bet occurance' for buy and lay bets.
Most local places are fair and lenient, that is 'vig is paid only if bet wins.'
I deal dice at Fiesta Henderson, and it is 10x odds, vig on win only, field pays 3:1 on 12 2:1 on 2, and place 4 & 10 are treated as buy bets for better value at $10 and above.Add Golden Gate to the list of confirmed vig on win only casinos..I was buying 4 and 10 for 25 and dropping a buck on a win, however I don't know at which point they would start rounding up..you may be able to buy up to 39 for just a dollar on the win, I don't know how that works for lay..do you pay 5% of the bet amount or the win amount?
I imagine it will now be the same at Fitzger..errr, The D.

Zodiac casino scam. Add Golden Gate to the list of confirmed vig on win only casinos..I was buying 4 and 10 for 25 and dropping a buck on a win, however I don't know at which point they would start rounding up..you may be able to buy up to 39 for just a dollar on the win, I don't know how that works for lay..do you pay 5% of the bet amount or the win amount?
I imagine it will now be the same at Fitzger..errr, The D.

You pay the 5% on the win amount for lay bets.
I didn't do much laying (har har) on my last trip, but I did lay the 4 at Mandalay Bay for one thousand, and they only charged me the vig after it hit, which was $25 (5% of $500, exactly). I recall having the same experience at Bally's a couple of years ago, but I think that dealer was confused since as far as I can remember, most Harrah's properties charge the vig up front on all lay bets. I have no clue if all MGM properties are more lenient, but as others have said, it's a good place to start.