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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

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 

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'

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The ultimate game of learning to 'break bets down' for casino craps dealers

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