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Craps Place Bets vs Pass Line Bets
The Place Bet
An alternative to pass line and come bets is the place bet. You can place bet any or all of the numbers, but the best bets are the 6 and 8. A place bet on the 6 or 8 carries a house advantage of only 1.52 %. Not quite as good as the pass line or come bet, but you have more control over wager in that this bet can be made at any time during the game, and you can take it down or change it any time you want to.
The down side is you don’t get to take free odds, so every place bet carries a specific house advantage that does not change.
You may however combine place bets with your pass line and come bets if you choose.
Place bets are done in multiples of $5 or $6 depending on the numbers you bet.
To make the place bet you just put your chips down on the table between rolls and tell the dealer what you would like to do. He’ll position your chips in such a way that he’ll know it’s your bet, and he’ll know how to pay you when you win. So, you don’t need to worry about that. Don’t be shy about place betting. Many players make multiple place bets, move, change, or remove them several times during the course of a roll. It’s the norm, and it’s quite acceptable to do this.
On a 6 or 8, you must bet $6 or multiples of $6. The place bet o payback is 7 to 6, so you would win $7 dollars for every $6 dollars you place on a 6 or 8, when it hits before the 7. The house edge is 1.52%
On the 5 or 9, a multiple of $5 must be wagered, as the payback here are 7 to 5, so for every $5 we wager the payback for us is $7 The house edge here is 4%. Not so good, but still better than a proposition bet.
On the 4 or 10, a multiple of $5 must also be bet. The payback is 9 to 5, so for every $5 we wager, we get $9 if it hits before the 7. The house edge on this bet is 6.67%. Ouch!
So the best place bet by far is the 6 or 8, which has a house edge of 1.52%, which is pretty close to a straight pass line bet (1.44%).
Since both the 6 and 8 carry the lowest house edge, most players elect to make a place bet on both the 6 and 8 at the same time. Set your chips down on the table and say ”Place the 6 and 8 for $6 each”, or place the 6 and 8 for $12 dollars. You can place for$6 each, $12 each, $18 each, $24 each and so on, as long as it’s a multiple of $6, on the 6 and 8. You’re paid $7 for every $6 multiple you bet.
Here’s the catch. There are six ways to make a seven, and five ways to make the 6 or 8. Since the 7 shows statistically one out of six rolls, The theory is the more rolls that are made the closer you are to hitting the 7, so after three or four rolls, (some players take these bets down after only two rolls) you might want to take down your place bets.
If you’re hot then you can place additional numbers. Sure the house edge is higher, but if you’ve got a rail full of chips and you’re on a winning streak, you can take maximum advantage!
As you can see this bet is more about feeling than logic. But, sometimes you get on a roll and you want to get as many numbers up as fast as you can to take advantage of that trend. When the table starts to get cold, you’ll feel it, but by this time you’ve won some money. Best to pocket at least half of your winnings and play out the excess, but if you lose three times in a row run!
So why play Craps? It’s exciting, it’s fast, and it’s the most fun you can have in Las Vegas (at least by yourself that is!).
So give it a try! You’ll be glad you did!
.
An alternative to pass line and come bets is the place bet. You can place bet any or all of the numbers, but the best bets are the 6 and 8. A place bet on the 6 or 8 carries a house advantage of only 1.52 %. Not quite as good as the pass line or come bet, but you have more control over wager in that this bet can be made at any time during the game, and you can take it down or change it any time you want to.
The down side is you don’t get to take free odds, so every place bet carries a specific house advantage that does not change.
You may however combine place bets with your pass line and come bets if you choose.
Place bets are done in multiples of $5 or $6 depending on the numbers you bet.
To make the place bet you just put your chips down on the table between rolls and tell the dealer what you would like to do. He’ll position your chips in such a way that he’ll know it’s your bet, and he’ll know how to pay you when you win. So, you don’t need to worry about that. Don’t be shy about place betting. Many players make multiple place bets, move, change, or remove them several times during the course of a roll. It’s the norm, and it’s quite acceptable to do this.
On a 6 or 8, you must bet $6 or multiples of $6. The place bet o payback is 7 to 6, so you would win $7 dollars for every $6 dollars you place on a 6 or 8, when it hits before the 7. The house edge is 1.52%
On the 5 or 9, a multiple of $5 must be wagered, as the payback here are 7 to 5, so for every $5 we wager the payback for us is $7 The house edge here is 4%. Not so good, but still better than a proposition bet.
On the 4 or 10, a multiple of $5 must also be bet. The payback is 9 to 5, so for every $5 we wager, we get $9 if it hits before the 7. The house edge on this bet is 6.67%. Ouch!
So the best place bet by far is the 6 or 8, which has a house edge of 1.52%, which is pretty close to a straight pass line bet (1.44%).
Since both the 6 and 8 carry the lowest house edge, most players elect to make a place bet on both the 6 and 8 at the same time. Set your chips down on the table and say ”Place the 6 and 8 for $6 each”, or place the 6 and 8 for $12 dollars. You can place for$6 each, $12 each, $18 each, $24 each and so on, as long as it’s a multiple of $6, on the 6 and 8. You’re paid $7 for every $6 multiple you bet.
Here’s the catch. There are six ways to make a seven, and five ways to make the 6 or 8. Since the 7 shows statistically one out of six rolls, The theory is the more rolls that are made the closer you are to hitting the 7, so after three or four rolls, (some players take these bets down after only two rolls) you might want to take down your place bets.
If you’re hot then you can place additional numbers. Sure the house edge is higher, but if you’ve got a rail full of chips and you’re on a winning streak, you can take maximum advantage!
As you can see this bet is more about feeling than logic. But, sometimes you get on a roll and you want to get as many numbers up as fast as you can to take advantage of that trend. When the table starts to get cold, you’ll feel it, but by this time you’ve won some money. Best to pocket at least half of your winnings and play out the excess, but if you lose three times in a row run!
So why play Craps? It’s exciting, it’s fast, and it’s the most fun you can have in Las Vegas (at least by yourself that is!).
So give it a try! You’ll be glad you did!
.
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