CRAPS
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6.PLACE BETS
The most popular method of covering the number is with place bets. When you make a place bet, the casino gives itself an advantage by paying off the wager at house odds rather than true odds. For example, if you make a place bet on 6 and win, you will be paid off at odds of 7 to 6 although the true odds of a 6 appearing before a 7 are 6 to 5. According to the true odds, a thirty-dollar wager should net you a thirty-six-dollar wager. But at 7 to 6, you would win only thirty-five dollars, giving the house a one-dollar profit. That 1/36 edge, when converted to a percentage, means a house advantage of 1.5 percent. The house enjoys the same advantage on place bets on 8. On 5 and 9, place bets pay 7 to 5 rather than true odds of 3 to 2, for a house edge of 4 percent. On 4 and 10, the payoff is 9 to 5 rather than the correct odds of 2 to 1. By paying 9 to 5 rather than 10 to 5, the house is taking a bite of 1/15 or 6.7 percent.
As I mentioned earlier, casinos don't pay off in loose change. To get the full payoff odds cited above you must bet in sums that can be paid off to the dollar. For numbers 4,5,9, and 10, this means betting in multiples of five dollars. If instead you place twelve dollars on 4 and win, the dealer will pay off ten dollars of your bet at 9 to 5 and then pay the remaining two dollars at even money. You will collect twenty dollars. In casino terminology, this is called "paying to five dollars." Place bets on 6 and 8 pay to six dollars. This means you must make such bets in multiples of six dollars to keep form being shortchanged on the payoff. A player may retract his place bet at any time prior to a decision. He may also reduce the size of it or add more money to it.
A player may also call a place bet off at any time be informing the dealer. He will then place a small OFF button on the bet. This means that the bet does not count for the subsequent rolls until the player informs the dealer he wants the bet working again. If the place number or a 7 should be rolled while the bet is off, the wager will not be affected. As mentioned earlier, place bets are off on the come-out unless the player requests otherwise. To make a place bet, place your chips in the come box and tell the dealer whey number or numbers you want to place. He will place the bet on the line directly above or below the box number being placed. The exact positioning of the bet is determined by the position of the bettor at the table. In Reno and Lake Tahoe, the layout has a box on it specifically for place bets.
It is located directly above each box umber but under the box in which the don't-come bets go. If your bet wins, the payoff will be placed in front of you, but your original bet will remain on the place number and will count as a new bet unless you ask the dealer to return it. If your place bet wins and you wish to add money to the bet from your winnings, let the dealer know, and he will add the money to the original bet out of your winnings before giving your the rest of the payoff. If a player wishes to make a place bet on the number that is the shooter's point, he can do so as explained above or the can simply place his bet on the layout so that it straddles the lower borderline of the pass line. If the bet involves more than one chip, it should also be heeled (the top chips half on and half off the bottom chip).
Different bettors prefer different patterns. Some bettors like to cover the number that is the mate of the shooter's point. If the point is 6, they will cover the 8; if the point is 9, they will bet on the 5. Others will bet the numbers in matched pairs, for example, both the 6 and the 8, or both the 5 and the 9, or both the 4 and the 10. When one of these numbers wins, such a player will often add the winnings from that number to the bet on the other number that has not yet hit. Some bettors always cover all the outside numbers, 4,5,9 and 10. Others covers the inside numbers, 5,6,8 and 9. Still others prefer to place all the numbers except the point number, which they already have covered with a line bet. Many players will simply cover all the numbers across the board. When you hear a bettor confidently tell the dealer that he wants 32 across (five dollars each on 4,5,9, and 10, and six dollars each on 6 and 8) or 15 across (three dollars on every number except the point) you might assume that he must really know what he is doing. He doesn't. With the exception of the 6 and 8, the place numbers carry too high a price tag to be considered smart bets. see more > > >
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