Craps is one of the table games that appeal to players of nearly all generations. When rolling the dice and taking chances at the craps table, favorable outcomes usually give us euphoria. It’s all great until the bet goes wrong. And as a game of chance, not much can be done by a player to influence the outcome. However, how you place bets can help you significantly cushion the impact of potential losses. One of the best strategies is to place a Lay bet. What does it mean? Let’s find out.
This casino news answers the question, what is a lay bet in craps? We will discuss how to place it, the associated payouts, and helpful strategies.
Lay Bet in Craps Explained for Smarter Wagering
What is a lay bet in craps? A Lay bet is a wager that involves predicting the shooter will roll a 7 before a chosen number appears. It is the direct contrast of a Buy bet, where you expect the shooter to roll a particular number before rolling a 7. Lay bets are only available for the numbers 4, 5, 6, 8, 9, and 10, contrary to horn bet craps.
In most craps bets, such as Pass Line, Come, and Place, you anticipate the shooter’s success. However, in Lay bets, you anticipate the shooter failing to roll a specific number before rolling a 7.
Lay Bet in Craps: Placement, Odds, & Payouts
Our game reviews answer the question: what is a lay bet in craps? Now, let’s discuss the mechanics: how to place the bet, its odds, and payouts.
How to Place a Lay Bet
Before placing a lay bet in craps, you must evaluate your potential losses, winnings, and the house edge. You must consider how much you’re willing to lose and the payout odds for any Lay bet you’re making. You can learn more of the subject with our American casino guide section, which speaks of these in detail.
After figuring out all those, choose a number you’ve thoroughly considered its potential: 4, 5, 6, 8, 9, or 10. Let the dealer know you want to place a lay bet.
Next, pay the vigorish (also known as vig), a commission casinos charge for Lay bets. It is typically 5% of your potential winnings, and you must pay it before placing your wager.
Then, the dealer will place your Lay bet where appropriate on the craps table.
The outcome of your wager will be a win when the shooter rolls a 7 before the number you’ve selected. It is a loss when they roll your chosen number before a 7.
Lay Bet Payout Odds and House Edge
The payout odds for a Lay bet in craps solely depend on the probability of rolling a 7 before the number you chose.
The payout odds for a lay bet on 4 or 10 is 1:2, so you’ll win $3 for each $6 you bet. The house edge is 2.4%.
The payout odds for a Lay bet on 5 or 9 is 2:3. You’ll win $4 for every $6 you wager. The house edge is 3.3%.
The payout odds for a Lay bet on 6 or 8 is 5:6. You’ll win $5 for every $6 bet you place. The house edge is 4.1%.
Strategies for Placing Lay Bets in Craps
Variations like Crapless Craps odds make it easier for the player to win, with smaller payouts than the regular game, for which the best strategy to use Lay bets in craps is balancing them with other wagers.
Multiple Bets
You can combine lay bets with other wagers, such as place and come bets. Diversifying can help you reduce risk.
The “Dark Side Strategy”
The “Dark Side Strategy,” also known as “betting on the dark side,” is another Lay bet technique in which you go against the shooter. It involves placing bets such as “Don’t Pass” and “Don’t Come.” You win if the shooter and Pass bets lose.
Conclusion
The Lay bet in craps can elevate your gameplay, making your craps experience less risky. However, remember that it requires an upfront fee (vig), and the house edge varies depending on your selected number. If you have weighed all options, place the wager and hope the shooter will not roll your preferred number. Visit Slots Paradise Casino to play live craps game online.
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