Craps Lay Bet Strategy
Craps can be a daunting game for most including ourselves if we are honest and is not a game we normally play but here is the craps lay bet strategy and explanation of what exactly a lay bet is in craps.
Craps can be one of the best bets in the casino or one of the worst. It all depends on how you play and which of the many bets you focus on. For example, the ‘Pass' and ‘Don't Pass' lines have a house edge of 1.41% and 1.36% respectively. On the other end of the spectrum the ‘Any Craps' bet that. Exceptions to this rule include craps prop bets like Place 6 (1.52% house edge), Place 8 (1.52%), Lay 4 (2.44%), and Lay 10 (2.44%). Below, you can see a full list of craps bets along with their house advantages. You'll notice that most of these wagers should be avoided. Don't Pass Line/Don't Come = 1.36% house edge Pass Line/Come = 1.41%.
When placing lay bets on craps you have no complicated or confusing bet combinations or hedges that are needed. Placing more than one bet will obviously reduce your odds of making a profit.
- Lay bets are like laying the Odds or Place to Lose bets, except with different odds. The concept is that they pay fair odds, like Odds bets, except you have to pay a 5% commission to make the bet, based on the win amount. This commission is usually non-refundable. However, at some casinos, the commission on the 4 and 10 is charged only on.
- This bet would be perfect if it wasn't for that commission. The lay and buy bet is almost like a shortcut to the free odds bet, but you have to pay a price rather than just doing it straight from the pass line bet, where you can get around the commissions and also get much better overall odds anyways.
So what is a craps lay bet?
A lay bet is the opposite of a back bet in craps just like in most games that you can place lay bets on. As always it is also an easy way to get favorable odds of the selection you choose not to win giving you a high strike rate.
A craps lay bet is a bet that a 7 won't be rolled previous to the number that you have your money on.
So you can choose 4, 5, 6, 7, 8, 9 or 10 and place a bet in the designated area on the table. An example can be seen above in the main picture.
There are 6 ways that the dice can be rolled to total 7!
When this is compared to the 5 ways that a 6 or an 8 can be rolled, the 4 ways in which a 5 or a 9 can be rolled and the 3 ways in which a 4 or a 10 can be rolled you can see why many craps players choose to place lay bets.
Best Bets In Craps And Why
These figures are the basis of how much you are favored to win.
- 6 or 8 : odds are 6/5 in your favor; probabilities are 54.55 % you win, 45.45 % you won't.
- 5 or 9 : odds are 6/4 in your favor; probabilities are 60 % you win, 40 % you'll won't.
- 4 or 10: odds are 6/3 in your favor; probabilities are 66.67 % you win, 33.33 % you'll won't.
The downside of lay bets on craps – The vigorish!
While lay betting on craps offer true odds this gives the casino no edge so therefor they collect a vigorish (vig).
To get around this the casino's take the vigorish which is 5% of all winning bets.
So say you place a lay bet of £40 on 4, and the shooter rolls a 7 then you will win £19. So your £40 pays 1 to 2, which makes £20.
The 'vig is deducted from that amount, so 5% of £20 is £1. Your win will be £19 and you will get £59 back, your winnings and the original £40 staked.
What is the 'Best' Progression for You?
You have read the books, you have taken the class and you have practiced your throw religiously for several weeks. You are finally to the point where you feel you can go attack the casino and make a 'withdrawal' at the craps table. When you finally arrive you notice a table that has your position available and it is not very crowded. You move to the table, buy in and the dice are about to be passed to you. You focus on the dice in the center of the table; determine what you need to do to quickly set the dice. The stickman slides the dice in your direction. You quickly set them, focus on your spot and launch them. They travel beautifully together, land softly, touch the back wall and die together. Your point is established and you place the six and eight for $12 each. You continue to roll for who knows how long. You are completely in the zone, hitting number after number. You are oblivious to your surroundings. All you energy and attention is on the dice. Eventually you are pulled from your zone by the inevitable words: 'Seven-out, line away.' You look at your watch – you have been rolling for 35 minutes. You are ecstatic. Everything has worked just the way you dreamed. Then you look at your chip rack and put the haphazardly placed collection of chips in order and count them. You find you are up 15 units. This is great, you think, but with a 35-minute roll it should have been more. Then it dawns on you – you did not press your bets.
Craps Bets Explained
This is a very common occurrence among those who are reasonably new to careful shooting. You get into the zone and just don't think about anything but throwing the dice. What you need to do is find a way to increase your bets and do it in a nearly automatic way. There are many progression methods available, but many of them require some mental gymnastics that tend to throw you out of the zone. Keep in mind that it is always prudent to only increase your bets on profits. If you are betting the six and eight, you will need at least two wins – three is better – before starting any progression. If you are betting the inside numbers you need three to four wins before increasing your bets.
So say you place a lay bet of £40 on 4, and the shooter rolls a 7 then you will win £19. So your £40 pays 1 to 2, which makes £20.
The 'vig is deducted from that amount, so 5% of £20 is £1. Your win will be £19 and you will get £59 back, your winnings and the original £40 staked.
What is the 'Best' Progression for You?
You have read the books, you have taken the class and you have practiced your throw religiously for several weeks. You are finally to the point where you feel you can go attack the casino and make a 'withdrawal' at the craps table. When you finally arrive you notice a table that has your position available and it is not very crowded. You move to the table, buy in and the dice are about to be passed to you. You focus on the dice in the center of the table; determine what you need to do to quickly set the dice. The stickman slides the dice in your direction. You quickly set them, focus on your spot and launch them. They travel beautifully together, land softly, touch the back wall and die together. Your point is established and you place the six and eight for $12 each. You continue to roll for who knows how long. You are completely in the zone, hitting number after number. You are oblivious to your surroundings. All you energy and attention is on the dice. Eventually you are pulled from your zone by the inevitable words: 'Seven-out, line away.' You look at your watch – you have been rolling for 35 minutes. You are ecstatic. Everything has worked just the way you dreamed. Then you look at your chip rack and put the haphazardly placed collection of chips in order and count them. You find you are up 15 units. This is great, you think, but with a 35-minute roll it should have been more. Then it dawns on you – you did not press your bets.
Craps Bets Explained
This is a very common occurrence among those who are reasonably new to careful shooting. You get into the zone and just don't think about anything but throwing the dice. What you need to do is find a way to increase your bets and do it in a nearly automatic way. There are many progression methods available, but many of them require some mental gymnastics that tend to throw you out of the zone. Keep in mind that it is always prudent to only increase your bets on profits. If you are betting the six and eight, you will need at least two wins – three is better – before starting any progression. If you are betting the inside numbers you need three to four wins before increasing your bets.
Two of the simplest progressions are the press-and-pull (or the pull-and-press variant) and the up-a-unit. As the name implies, the press-and-pull progression alternates between pressing the place bet when the number hits and pulling the profits when it hits. For example you place a $6 six. The first time it hits you take $6 of the $7 you win and press the six to $12. The next time a six rolls you take the $14 win (pull) and put it in your rack. Next hit on the six you use $12 of you $14 win and press the six to $24, etc. Since the dealer automatically knows the amounts you need in order to press a bet, the only thing you need to remember is whether you want to press or pull. This can be easily tracked by putting the same number of chips as you have place bets flat in the chip rack beside each other. For the press-and-pull progression have the chips pointing toward the table – indicating that you want to have the money go in that direction when the number hits. Once you press a bet, flip the corresponding chip to face you – indicating that you want to money to go in your direction when it hits the next time. Keep alternating as it hits.
The up-a-unit progression adds one unit to the place number each time it hits. Using the same $6 place bet on the six, the first time the six hits, you say 'up a unit, please' and the dealer will put $6 of your $7 win on the six and give you $1. The next time the six hits, the dealer will take $6 from your $14 win and add it to the bet on the six and give you $8. Each time the six hits, the dealer will add $6 to the bet and return the difference to you. This is the simplest progression of which I am aware. The only thing you have to remember is 'up a unit'. It is also noteworthy to mention that until you have hit a number at least 7 times, you will win more money playing up-a-unit than press-and-pull. The only exception is hitting the 5, 6, 8, or 9 exactly two times using the press-and-pull method.
So there you have it - two simple progression strategies. What could be simpler than just saying 'up a unit, please' each time a number hits? Also, this simpler method actually pays better most of the time. Remember two things, however, only raise your bets on winnings and practice is the key to performance and practicing progressions at home will make them a natural part of the routine. Make progressions a part of your winning strategy. For more please read more about progression betting strategies with Parts 2 and Part 3 in this series.
Best Craps Bets To Make
Also remember; accept that some days you're the pigeon, and some days you're the statue.
Types Of Craps Bets
Stickman
