Craps Place Bets

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The Place bets are among the most popular Craps bets for a right bettor. They can be made at any time. To make, for ex, a Place bet on 6 you have to tell the dealer: “Place the 6”, or “Cover the 6”. The dealer will place your chips in the designated area inside the box with the number 6. You win your place bet that you can make on any point number – a 4,5,6,8,9 or 10, – if a point number repeats before a 7 is thrown. You lose if a 7 is tossed before a point comes up.

If you place a 4 or 10, the correct odds for those numbers are 2 to 1 against, because there are only three ways to roll them against six ways to throw a 7. The house payoffs, however, are made at only 9 to 5 ratio. The difference between the correct odds ratio and the payoff ratio gives the house the advantage of 6.67% against the player. If the payoff was 10 to 5 (the correct odds), then the Place bets would be the even proposition bets.

The correct odds for the Place bets on a 5 or 9 are 3 to 2, but the payoffs are only 7 to 5. In result, the house has the advantage of 4%. The correct odds for the Place bets on a 6 or 8 are 6 to 5, but the payoffs are made at 7 to 6. That difference gives the house the edge of 1.52% over the player.

In order to get full payoffs on the Place bets on a 4 (or 10) and a 5 (or 9), your bets should be in increments of $5, because the payoffs are 9 to 5 and 7 to 5 respectively. If you place a 6 or 8, your bets should be in multiples of 6 due to the payoff of 7 to 6.

Some players like to place bets on the “inside numbers” – a 5,6,8 and 9. Other players prefer “outside numbers” – a 4,5,9 and 10. Aggressive players place bets “across the board” and cover all the numbers at the same time – a 4,5,6,8,9 and 10.

A player can request the Place bets to be “off” for one or more rolls. They can also be removed, reduced or increased at any time. All Place bets are “off” on a come out roll – if a 7 is thrown, you don’t loose your bets. If you want your bets working on a come out roll, you must tell the dealer: ”Place bets are “on” on the come out”.

These two Craps bets are similar to the Place bets on a 6 and 8. Big 6 and Big 8 bets can be made at any time including a come out roll. You can increase, reduce or remove Big 6 and Big 8 bets at any moment prior to a roll.

Big 6 and Big 8 win if a 6 and 8 repeat before a 7 is rolled. If a 7 is tossed before the numbers come up, you lose the Big 6 and Big 8. The difference between them and the Place bets on a 6 and 8 is in the amount of the payoff. The correct odds for a 6 and 8 to beat a 7 is 6 to 5 against them. The payoff for the winning Place bets is 7 to 6, but the payoff for the Big 6 and Big 8 in Las Vegas casinos is made at even money. In result, the house edge is raised to 9.09% instead of 1.52% given to the house by the Place bets. Thus, if you want to cover a 6 or 8, it’s better to place them than bet on the Big 6 and Big 8. In Atlantic City the Big 6 and Big 8 are paid at 7 to 6 ratio and that makes them identical to the Place bets on a 6 and 8.