Lay betting in craps what is the fire
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The math of the game is incontrovertible. But craps is a tough way to make an easy living. In others it is only collected when the bet wins. The latter is more advantageous to the player. This brings the house edge down on a par with the Pass Line bet. Place Bets and Buy Bets are the meat and potatoes of serious craps players. Over the long run they are not quite as strong as Pass and Come bets with odds, but played correctly they do offer many advantages over Pass and Come Betting.
The Player chooses which number he bets on rather than relying on random chance. The number the player bets on only has to hit once for him to get paid. Pass and Come bets have to roll twice. Place bets are always under player control and can be taken down at any time. Pass and Come bets are contract bets and must remain up and working. The player can also regress his bets down as low as table minimum at any time if he wants to take additional profit off the table.
Place and Come bettors can only take down their odds — not the underlying bet. Place bets are the meat and potato bets for many players, but not every hand tossed at the table has a happen ending. The payouts would be excellent because it would be paid by true odds.
That means 4 and 10 pays out odds, 5 and 9 pays out odds and 6 and 8 pay out odds. This is also the actual odds of winning the bet so the house edge is zero! 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.
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