What Is A Place Bet In Craps

I recently discussed the Free Odds bet. https://roadgambler.com/craps/craps-simple-beginners-guide-free-odds-bet/ Let's now discuss the cousin of the Free Odds bet, the place bet.

These bets are somewhat simple. There are actually two different types of place bets. One is called place bet to win and the other is place bet to lose.Essentially, these are bets that may be wagered at any time during the round.

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2. That is a bad bet. The payouts on the Place 5 and Place 9 bets are 7:5, while the house edge is 4.00%. That's better than the previous wagers, but still not good compared to other craps bets. The payouts on the Place 6 and Place 9 bets are 7:6, while the house edge is 1.52%.

Place bets are one of the most popular bets in the game of craps.

The chips that are straddling the lines in the picture below are place bets. The green chips, resting on top of the red chips, are come bet odds.

The place bets above are identified by their placement in the middle of the box lines, whereas the come bet + odds are entirely inside the box.

WHAT ARE PLACE BETS?

Place bets are wagers that a 4, 5, 6, 8, 9, or 10 will roll before the number 7 rolls. The 4, 5, 6, 8, 9, and 10 are known as ‘box numbers'. They're called box numbers because on the craps layout, the numbers are literally in an area that is box-shaped as seen in the pic above.

The player may wager on any, all, or any assortment of the box numbers.

Betting on all the box numbers is known as betting ‘across'.

Betting on the 5, 6, 8, and 9 is known as betting ‘inside'.

Betting on the 4, 5, 9, and 10 is known as betting ‘outside'.

A lesser known place bet assortment is betting on ‘even', which is 4, 6, 8, and 10.

Generally, while some players say ‘even' to signify betting on the 4, 6, 8, and 10, players generally do NOT say ‘odd' to bet on the 5 and 9. They just say, ‘5 and 9'. The reason is that the term ‘odd' has the meaning of the free odds bet.

Unlike the odds bet, however, a place bet does not need to be accompanied by a pass or come bet; in other words, there is no ‘flat' bet requirement. A bettor can wager a place bet by itself, with no other bets on the table. As a matter of fact, many players play place bets and nothing else.

WIN-LOSS CONDITIONS OF THE PLACE BETS

Craps Place Bets Payout

WIN-LOSS CONDITIONS OF THE PLACE BETS

Craps Place Bets Payout

The place bets have exactly the same win-loss conditions as the odds bet. The place bet will win if the point assigned to that odds bet rolls before the 7 rolls.

For example, if the place bet is on the 8, and the 8 rolls before the 7 rolls, then the place bet on the 8 will win.

What Is A Place Bet In Craps Table

If the 7 rolls before the 8 rolls, then the place bet on the 8 (and any other ‘working' place bet) will lose.

Place bets can also be wagered and made live at any time. Be warned that typically if the bettor has a place bet, and the next roll is a come out roll, then the place bet will NOT be working unless the bettor tells the dealer that the place bet is working. Place bets, unless declared otherwise, are always presumed to be off on the come out roll.

PROPER BETTING INCREMENTS

You must be aware of proper betting increments on the place bets. Warning: betting increments on the place bets are different from the proper betting increments on the odds bets.

The following are the payouts for each point…

Place bet on 4 or 10

• Any increment of $5
• If the bettor is going to bet $20 or more on the place bet of 4 or 10, the bettor is better of ‘buying' the 4 or 10.

Place bet on 5 or 9

• Any betting increment of $5
• If the bettor is going to bet $20 or more on the place bet of 4 or 10, the bettor is better off ‘buying' the 5 or 9.

Point is 6 or 8

• Any increment of $6.
• Do not confuse the place bet increment of the 6 or 8 with the odds bet, which has a proper increment of $5.

PAYOFF ON THE PLACE BETS

Place bet on 4 or 10

• Every $5 increment will pay $9
• For example, if the bettor bets $10, the payout will be $18.
• The reason why the ‘buy' is better is because if the place bet on the 4 or 10 is $20, then the payout will be $36; however, a buy bet of $20+1 will pay $40. Just think of it this way: for one extra dollar, you obtain an extra $4.

Place bet on 5 or 9

• Every $5 increment will pay $7
• For example, if the bettor bets $10, then the payout will be $14.

Point is 6 or 8

• Every $6 increment will pay $7.
• For example, if the bettor bets $12, then the payout will be $14.
• The penalty for confusing the place bet increment with the odds bet increment is that the casino will round down. For example, if the bettor bets $10 on the place bet, the casino will pay $11. The breakdown is that the first $6 will pay $7, and then the remaining $4 will pay even money $4. Thus, $7+$4=$11. If the player had bet an extra $2, instead of $10 place bet on the 6 or 8, the player would have gained an extra $4.

CONCLUSION

Place betting is one of the best bets at the craps table. Chase the dragon game. While not as good mathematically as the odds bet, the place bet has the advantage over most other bets in that the place bets take, on average, 4 rolls of the dice to resolve. Imagine how much longer you could play, and how long your bankroll would last if on a game, such as blackjack, where you had to play four hands to win or lose one wager. Or if you had to spin the reel on a slot machine four times to determine a win or lose.

Place And Buy Bets Craps

Most players are not fans of waiting out the protracted time it takes to resolve a single place bet. For those players, myself included, I prefer to make multiple bets, which is a viable option.

TEST YOUR MIGHT!

So now that you've read this article and you can identify the place bets on the layout, let's take a little pop quiz.

In the pic below, identify the bets that are NOT place bets… What are the odds in roulette.

Answer below…

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Bonus question…

Of the chips in the pic directly above, with the four arrows, how many bets are NOT place bets? In other words, identify the bets that are NOT place bets…

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Answer:

There are five bets that are not place bets. Pokies online au.

The bets that are NOT place bets are the following:

Remember, the odds bet cannot be made without a come bet, so there is a come bet hiding under the odds bet.

www.USAPlayers.comCraps Casino Games Craps Place Bets

Most craps players stick to making the basic Passline and Come Bets but this is not the only way you can enjoy craps. The craps Place Bet is very easy to understand and you can enjoy it at any craps table whether online or in a land-based casino. To make full use of a Place Bet you should learn about its odds and the possibility of buying a number instead of placing it. With a craps Place Bet you craps gaming can become both interesting and more lucrative than it might have been through the regular bets.

Placing the Place Bet

When you look at the craps table layout you will see a row of numbers written both with letters and digits. These numbers are 4, 5, 6, 8, 9 and 10 and they can be referred to as Point numbers or Box numbers. If you see that the shooter keeps rolling the same numbers you should consider these types of bets. It can also be a nice way to make you craps gaming more interesting by not always betting as the majority around the table.

The Rules of a Place Bet

You can make a craps Place Bet at any time. If you are in one of the land-based USA casinos you will have to hand your chips to the dealer and ask him to place them on the number of your choice. The dealer will make sure that your bet is placed on the side of the craps layout that faces you so that it will be easier to keep track of what bet belongs to who. To win a Place Bet the number you chose must be rolled before a 7. When you win the dealer will push you your winnings minus the original bet so you have to pick that up yourself.

Odds and Payout For Place Bets

Not all of the Point numbers are ideal bets to make and you should familiarize yourself with the odds before you make a craps Place Bet. Usually the 6 and 8 are the best choices since the house edge on these is 1.52% which is very good and close to the Passline Bet. The 4 and 10 have a very high house edge of 6.67% which makes them pretty bad choices unless you consider buying these numbers instead of placing them.

Buying a Number

If you want to be paid according to true odds you usually have the choice of buying bets instead of placing them. When you buy a bet you pay the casino a commission of at least 5%. If you want to make this a good deal you need to buy for at least $20 so it could become a very expensive deal. In the case of numbers 4 and 10 you will be paid 2 to 1 which could leave you very happy. It is also possible to play in a casino where the commission will only be taken when you actually win but you must make sure to check this out before you start playing to avoid any misunderstandings. Craps casino bonuses can increase players chances of winning at craps.