THE BETS
OFFERED IN CRAPS
The
Dicedealer.com online textbook
A Lay bet is a standing bet against the dice. In other words if a seven rolls the bet
wins.
The point number is rolled and the bet loses. Any other number is rolled and the bet neither wins nor loses but rolling continues.
This bet pays true odds but only after you pay an up-front vig of 5% of the potential payoff. That's right, the vig is not figured on the amount bet! For example, if you wanted to make a $40 Lay bet on the number 4, you'd put down $41 in the Come or Don't Come area and tell the dealer, "Lay the 4". He or she will move $40 to the number 4 point box and place a LAY button of top of it. The extra $1 (5% of $20) is the vig for the house (the potential payoff is $20 because the odds on the Lay 4 are 1 to 2). If you win and want to keep your Lay bet up, you'll have to pay the dealer another vig. The vig is usually returned if you remove the bet before it wins or loses.
Depending on how much you bet, the vig may work out to a fractional amount. If this fractional amount is not fully payable with any of the available checks, then the vig is rounded off. Generally, when the vig amount falls halfway or less between two payable amounts, the vig is rounded down, otherwise it's rounded up. So at a table where the smallest checks are $1, the vig will be rounded down on fractions of .50 or less and rounded up otherwise. e.g. You could lay the 4 for $100 and pay only $2 vig even though mathematically the vig comes out to $2.50. However, if you made a $100 Lay 4 and a $100 Lay 10 bet at the same time, you'd be charged $5 and not $4 for your total action. Even if you didn't make both bets at the same time, some casinos would charge you the extra $1 when you made the second bet, and some would not. Obviously those that don't collect the extra buck are being a bit more generous. There are some casinos that are even more generous by only charging a vig on those bets that you win. This lowers the house advantage even more and makes the Lay a much better bet. The point to remember is that each casino handles their vigs a little differently.
|
Number |
Payoff |
PC if all bets are charged |
PC if only winning bets are charged |
|
4 & 10 |
1 to 2 |
2.44% |
1.64% |
|
5 & 9 |
2 to 3 |
3.23% |
1.96% |
|
6 & 8 |
5 to 6 |
4% |
2.22% |
Normally, Lay bets always work but can be called OFF and back ON whenever you like. Also they can be put up, taken down, increased, or decreased (with vig adjustments) at any
time. Lay bets are sometimes called NO bets. For instance you could tell the dealer you wanted to bet a "NO 4". The word Lay comes from the fact that you're laying odds which is the exact opposite of a Buy bet where you're taking odds.
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Learn
about the most popular bet offered, the pass line and it's sister bet the COME
Oh,
the horror! Betting against the dice! Learn about the "other side" of
the game.
In
here we'll learn about the taking and laying of the free odds bets offered.
The minimum and maximum amounts that may be wagered per bet, as well as the odds allowed factors,
put bets and pushing the odds & vig.
|
Those
nasty one roll bets found in the middle of the table. Click here to
learn the terminology of all the various bets offered including hop
bets.
Perhaps
the most popular bet offered on the table.
This
dealer and player friendly bet is explained in detail. |
|
