about lay betting craps

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I've read in a few trip reviews about people winning hundreds of dollars on the penny slots. When most people max bet on penny slots about winning big on pennies they max bet on penny slots go on a roll and have betting games large wins coupled with some small to mid sized wins. I go with a set amount of money to have fun, and if I win that makes it even more fun I would love to see these mystical slots where max bet is only five coins because it's been ages since I've seen those - max bet seems to be more 10 to 20 coins per line lately. A good payoff for a single coin per line bettor on a penny slot is a hundred dollars or so.

About lay betting craps bet on it bi sha ji

About lay betting craps

Those are the same numbers that become points if the shooter rolls them on the come out, and the same numbers available to right bettors as place bets. In each case, you win the bet if the shooter rolls a 7 before rolling your number, and you lose if the shooter rolls your number first. No numbers matter other than 7 and the number you lay.

That means you win only if the shooter rolls a 7 before the next 6. If the next few rolls are 11, 5, 9, 3 and so on, nothing happens to your bet. At any point, if a 7 turns up, you win, or if the roll is 6, you lose. Six of those combinations total 7, while 5 total 6, five total 8, four each total 5 and 9 and three each total 4 and The odds in favor or your winning lay bets are on 6 or 8, on 5 or 9 or on 4 or Payoffs are commensurate with true odds.

The commission amounts to 5 percent of the amount you would win if the shooter rolls a 7. Some casinos charge the commission only if your bet wins. If you lay 4 or 10, the house edge is 2. If you lay 6 or 8, the house edge is 4 percent.

What if the house charges the commission only on winning bets? Then the house edge is reduced on all numbers. On 4 or 10, commission on winners only, the house edge is 1. On 5 or 9, commission on winners only, the house edge is 2 percent. On 6 or 8, commission on winners only, the house edge is 2. I am a retired professional and I love to chat about gambling. I also enjoy reading and can't help but to reply to some fantastic articles.

Joined: Mar 29, Threads: 25 Posts: Joined: May 15, Threads: 3 Posts: Buy bets are the flip side of Lay bets. Because the casino bankroll is essentially infinite, the guerrilla strategic imperative to minimize losses suggests taking the small end rather than laying the large end of the bet.

Every great genius is mad upon the subject in which he is greatest. The unsuccessful madman is disgraced and called a lunatic. March 30th, at AM permalink. Sorry for my many daily posts. Joined: Jan 5, Threads: 67 Posts: It is important to note that any of the numbers you choose to lay is less likely to be rolled in each following throw of the dice than 7.

This is number that has the highest probability to be rolled simply because it has the largest number of possible combinations. It is fairly easy to throw a 7 as there are 6 possible ways to do that — the sides of the two dice can be , , , , , and In contrast, there is only one possible combination for 2, for example, and that is when each die lands on 1.

The possible ways to roll any of the numbers that can be laid are fewer than the combinations for 7. There are three ways to throw 4 and 10, four ways to throw 5 and 9, and five possible ways to roll 6 and 8. All this is important to understand when looking at the payouts for each winning Lay bet as this is typically how the casinos gain a built-in advantage over their patrons.

With the Lay bets, things are different, however. The odds for this wager on each different number can be easily calculated. As there are three ways to roll 4 and 10, the odds against rolling a 7 could be expressed as 3 to 6, or , which is Similarly, the odds of 5 or 9 are , equal to , while the odds for 6 and 10 are All these show that the probability of rolling a 7 is higher than for any other number. In other words, when placing a Lay bet, players are more likely to win than to lose.

As mentioned above, the payouts for winning Lay bets are based on the true odds and, therefore, depend on the number players place their wager on. When 4 or 10 are laid, the payout is If 5 or 9 are laid, the payout will be , while the winning Lay bet on 6 or 8 pays However, as 7 is more likely to be rolled, players need to bet more money to win less.

This concept may be difficult to understand at first, but it is quite straightforward. Two rolls after that, the 7 appears and you win. But how much will you receive if the payout is ? Many players avoid placing this bet because they find it difficult to calculate their potential winnings. But this is quite simple , in fact. However, the casino will not pay you the entire sum and instead, it will charge your winnings a small commission fee. Lay bets are an excellent choice for players because they pay out based on the true odds.

Casinos, however, cannot accept that because, in its essence, it means that on average they will lose more than they will win. Offering these bets on craps would, then, make no sense for them. This way, you may lose a little bit of money with each of your winning Lay bets. Online casinos, on the other hand, however, tend to pay out the exact amounts, which is why they are a better alternative.

The house edge refers to the share of the bet that casinos take on average. Lay bets are not the most popular wagers in craps and many players are confused when they wish to place them. For many of them, the payouts are particularly strange as the potential winnings are lower than the amount they need to wager.

Still, these bets are among the easiest to place as you can place them at any time — even before the come-out roll at the beginning of a new round. As explained above, Lay bets are completely independent of the come-out roll and everything else that happens on the craps table.

Another great option is that players can not only place their Lay bets whenever they want but they can also remove them at any time without paying the commission. Most brick-and-mortar casinos allow players to turn Lay bets on and off easily and with no charge. Players would rarely take advantage of this option, however, considering that this type of wager comes with no built-in house edge. Overall, this wager is a good addition to every craps strategy because the player is always more likely to win than to lose.

The 7 is the most easily rolled dice combination, as we have already seen. These wagers also come with a low house edge, especially when they are supported by Odds bets. It is 1. Different combinations of these wagers are possible but there is one very important thing players should know before they start playing craps for real money. They cannot eliminate the house advantage , so in the long term, they are expected to lose. Placing good bets, however, is key to reducing the losses and increasing your chances of leaving the craps table with some profit.

Craps is a fun, exciting game, which could be very rewarding for those who have at least a basic understanding of how it works. It revolves around the number 7, as it is the easiest to be rolled. And while some bets seem to be covering most numbers but are still advantageous to the casino, Lay bets capitalize on the power of the 7 and have a very low house edge. With these wagers, players bet on the most likely outcome and can, therefore, expect to generate good winnings.

It is important for players to understand that in order to win a certain amount with a Lay bet, they need to wager a larger amount of money. This is a small fee casinos charge the intended payout of a winning Lay bet so they can compensate for the lack of a built-in house edge. Even after paying the commission, players will find the Lay bets a better option than the proposition bets , for instance, which can also be placed at any time.

These bets, however, are resolved with a single roll of the dice and are associated with a much higher house edge.

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