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CALCULATING
LAY ODDS
3:2
6:5 2:1
Laying odds against the numbers are not as difficult as
you may think. What makes them difficult is simply ignorance. Now don't get me
wrong here, what I mean is this : The ratio of "do" players to "don't" players is about 9 to 1. Clearly most people that play craps
prefer to take odds rather than lay odds. Because of this fact many students and
dealers alike have a tendency to put this part of the game on the back burner so
to speak. (Ignorance)
The following charts are for laying odds next to a flat don't
pass or don't come bet. On the bottom of the page we will discuss the direct
lay bet with a 5% vig.
Laying the odds 3:2
on point 5 or
9
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To the
right you see the chart of "the first nine" We will be laying
odds at 3 to 2
Meaning the player bets 3 wins 2.
The first nine bets in the left column
3x1 thru 3x9 now start the left column at 30, 60, 90, down to 270. From
there the left column is 300, 600, 900 all the way down to 2700. Moving a decimal
point is all we are doing. With knowledge of the "first nine"
and what they pay - you can pay any bet ! Just 'break it down'. Example:
Lay 3 to 2
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Lay 3 to 2
-
3 = 2
-
6 = 4
-
9 = 6
-
1 2 = 8
-
15 = 10
-
18 = 12
-
21 = 14
-
24 = 16
-
27 = 18
Lay 3 to 2
-
3 = 2
-
6 = 4
-
9 = 6
-
1 2 = 8
-
15 = 10
-
18 = 12
-
21 = 14
-
24 = 16
-
27 = 18
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Laying
odds on point 5 or 9
Examples of
breaking a bet down
Use the chart
36=24
Within
the $36 you have a $30 bet and a $6 bet
(30=20,
6=4
- 20+4=24)
69=46
Within
the $69 you have a $60 bet and a $9 bet
(60=40,
9=6
- 40+6=46)
93=62
Within
the $93 you have a $90 bet and a $3 bet
(90=60,
3=2
- 60+2=62)
126=84
Within
the $126 you have a $120 bet and a $6 bet
(120=80,
6=4
- 80+4=84)
162=108
Within
the $162 you have a $150 bet and a $12 bet
(150=100,
12=8
- 100+8=108)
198=132
Within
the $198 you have a $180 bet and a $18 bet
(180=120,
18=12
- 120+12=132)
216=144
Within
the $216 you have a $210 bet and a $6 bet
(210=140,
6=4
- 140+4=144)
252=168
Within
the $252 you have a $240 bet and a $12 bet
(240=160,
12=8
- 160+8=168)
294=196
Within
the $294 you have a $270 bet and a $24 bet
(270=180,
24=16- 180+16=196)
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Lay 3 to 2
-
3 = 2
-
6 = 4
-
9 = 6
-
12 = 8
-
15 = 10
-
18 = 12
-
21 = 14
-
24 = 16
-
27 = 18
Lay 3 to 2
-
3 = 2
-
6 = 4
-
9 = 6
-
12 = 8
-
15 = 10
-
18 = 12
-
21 = 14
-
24 = 16
-
27 = 18
Lay 3 to 2
-
3 = 2
-
6 = 4
-
9 = 6
-
12 = 8
-
15 = 10
-
18 = 12
-
21 = 14
-
24 = 16
-
27 = 18
Lay 3 to 2
-
3 = 2
-
6 = 4
-
9 = 6
-
1 2 = 8
-
15 = 10
-
18 = 12
-
21 = 14
-
24 = 16
-
27 = 18
Lay 3 to 2
-
3 = 2
-
6 = 4
-
9 = 6
-
12 = 8
-
15 = 10
-
18 = 12
-
21 = 14
-
24 = 16
-
27 = 18
Lay 3 to 2
-
3 = 2
-
6 = 4
-
9 = 6
-
1 2 = 8
-
15 = 10
-
18 = 12
-
21 = 14
-
24 = 16
-
27 = 18
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Laying the odds 6:5
on point 6 or 8
Next we take a peak at laying
odds on the point of 6 or 8. The player will bet 6 to win 5. Many experienced
dealers will tell you "not to worry about this because players very rarely
lay odds on 6 or 8 and when they do, they lay simple numbers". To a
degree they are correct, however; as a professional craps dealer you are
expected to know how to pay each and every bet that may come your way.
Same theory here as with all
the charts. Learning the" first nine " will give you confidence and
the ability to pay any bet , at any rate of return.
LEARN TO BREAK A BET DOWN
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To the
right you see the chart of "the first nine" We will be laying
odds at 6 to 5
Meaning the player bets 6 wins 5
The first nine bets in the left column
6x1 thru 6x9 now start the left column at 60, 120, 180, down to 540. From
there the left column is 600, 1200, 1800 all the way down to 5400. Moving a decimal
point is all we are doing. With knowledge of the "first nine"
and what they pay - you can pay any bet ! Just ' break it down'. Example:
Lay 6 to 5
|
Lay 6 to 5
-
6 = 5
-
12 = 10
-
18 = 15
-
24 = 20
-
30 = 25
-
36 = 30
-
42 = 35
-
48 = 40
54 = 45
Lay 6 to 5
-
6 = 5
-
12 = 10
-
18 = 15
-
24 = 20
-
30 = 25
-
36 = 30
-
42 = 35
-
48 = 40
54 = 45
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Laying odds on
point 6 or 8
Examples of
breaking a bet down
Use the chart
78=65
Within
the $78 you have a $60 bet and a $18 bet
(60=50,
18=15
- 50+15=65)
132=110
Within
the $132 you have a $120 bet and a $12 bet
(120=100,
12=10
- 100+10=110)
198=165
Within
the $198 you have a $180 bet and a $18 bet
(180=150,
18=15
- 150+15=165)
270=225
Within
the $270 you have a $240 bet and a $30 bet
(240=200,
30=25
- 200+25=225)
330=275
Within
the $330 you have a $300 bet and a $30 bet
(300=250,
30=25
- 250+25=275)
390=325
Within
the $390 you have a $360 bet and a $30 bet
(360=300,
30=25
- 300+25=325)
_______
or 300=250,
90=75
(250+75=325)
(90=75
IS A "KEY BET" TO KNOW)
90=75
Within
the $90 you have a $60 bet and a $30 bet
(60=50,
30=25
- 50+25=75)
450=375
Within
the $450 you have a $420 bet and a $30 bet
(420=350,
30=25
- 350+25=375)
or
300=250
> 150=125 (250+125=375)
(150=125
is another "key
bet" to know)
570=475
Within
the $570 you have a $540 bet and a $30 bet
(540=450,
30=25
- 450+25=475)
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Lay 6 to 5
-
6 = 5
-
12 = 10
-
18 = 15
-
24 = 20
-
30 = 25
-
36 = 30
-
42 = 35
-
48 = 40
54 = 45
_______________
Lay 6 to 5
-
6 = 5
-
12 = 10
-
18 = 15
-
24 = 20
-
30 = 25
-
36 = 30
-
42 = 35
-
48 = 40
-
54 = 45
_______________
Lay 6 to 5
-
6 = 5
-
12 = 10
-
18 = 15
-
24 = 20
-
30 = 25
-
36 = 30
-
42 = 35
-
48 = 40
-
54 = 45
_______________
Lay 6 to 5
-
6 = 5
-
12 = 10
-
18 = 15
-
24 = 20
-
30 = 25
-
36 = 30
-
42 = 35
-
48 = 40
-
54 = 45
_______________
Lay 6 to 5
-
6 = 5
-
12 = 10
-
18 = 15
-
24 = 20
-
30 = 25
-
36 = 30
-
42 = 35
-
48 = 40
-
54 = 45
_______________
Lay 6 to 5
-
6 = 5
-
12 = 10
-
18 = 15
-
24 = 20
-
30 = 25
-
36 = 30
-
42 = 35
-
48 = 40
-
54 = 45
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Lay
Bets
A Lay bet is a standing bet against the dice that can be placed on any of the point numbers 4, 5, 6, 8, 9, or 10 at anytime. The bet is for the 7 and against the chosen number. 1 of 3 things can happen with this bet:
1) A 7 is rolled and the bet wins.
2) The point number is rolled and the bet loses.
3) 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.
Calculating 'breakage vig' on WIN amount
Bet wins $25 = $1 vig
Bet wins $50 = $2 vig
Bet wins $75 = $4 vig
Any win amount in
between such as a $35 or a $65 bet shall be box person's discretion
Use the above simple formula with $25
increment bets.
Example :
Player wins $125 = $6 vig (5 + 1)
Player wins $350 = $17 vig (15 +2)
Remember each $100 in winnings shall be charged
a $5 vig. (5%)
Do you think your ready for
'STUMP
A LUMP'
?
The ultimate game
of learning to 'break bets down' for casino craps dealers
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