^{THE BETS OFFERED IN CRAPS}

^{The Dicedealer.com online textbook}

A Place bet is a standing bet with 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 chosen number and against the 7. 1 of 3 things can happen with this bet:

1) The point number is rolled and the bet wins.
2) A 7 is rolled and the bet loses.
3) Any other number is rolled and the bet neither wins nor loses but rolling continues.

Think of a place bet this way. When you  a come bet wager the dice decide what number your betting on. When you make a place bet wager YOU are deciding on what number to bet on.

The chips (bets) for a Place bet are positioned by the dealer in the point box, although if you bet on the shooter's point (the one marked with the marker puck) you can place your chips on the line and announce 'placing the point'
These bets are for players who want quick action and can't stand to see those precious point numbers being rolled without having them covered. Although they're popular bets and certainly better than proposition bets, they're not the best bets you can make. The house exacts its percentage on them by paying off at less than true odds. Here are the payoffs:

As you can see, the lowest house percentage Place bets are on the 6 and 8 and are almost as good as flat bets on the Pass Line. The others aren't so great but can be improved by making buying bets instead. In order to take advantage of the odds you'll need to make bets on the 6 and 8 in increments of 6, and on the 4, 5, 9, and 10 in increments of 5. 

Look at it this way. Comparing come bets and place bets, think of the come bet with odds as eating a healthy lunch in a restaurant. A place bet would be like eating lunch at a McDonalds drive thru...burger, fries and a coke! Everybody's in a hurry! Got to go, got to go! This is why when you observe craps games in a casino you will probably see more players making place bets than come bets. Everyone's in a hurry! The place bet pays the first time a number rolls and the come bet must roll twice before winning (once to get in and again to win) It's not the healthiest way to play but it is fast! And in today's society 'Everyone is in a hurry'

Place bets can be put up or taken down at any time. They're also automatically OFF (or not working) on the come-out roll, although they can be called ON or OFF at anytime if desired.

The 5, 6, 8, and 9 are referred to as the inside numbers, while the 4, 5, 9, and 10 are referred to as the outside numbers (yes, they overlap). Someone telling the dealer he would like "$22 inside" means he wants $5 each on 5 & 9 and $6 each on 6 & 8. You can probably figure out what "$20 outside" and "$32 across" mean for yourself.

If you play Place and Come bets at the same time, and the shooter rolls the point number of one of your Place bets, you'll of course win the bet, but you'll also be asked what you'd like to do with it since your Come bet gets moved to the same point. You don't have to remove it if you don't want to, but doing so would be wiser since the house advantage on Place bets is greater than on Pass Line or Come bets! If you intend to take odds on your Come bet which would be smart, then you would tell the dealer, "Down with odds" which means: "Take down my Place bet, give me odds on my Come bet, and return any change."