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CRAPS

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|The Elements Of The Game| |The Right Bettor| |The Wrong Bettor| |Figuring The Odds| |Refinements| |Sucker Traps|

REFINEMENTS

9.LAY BETS
For the wrong bettor who wants to cover the numbers, there is the lay bet. This is essentially the reverse of a buy bet. The bettor is, of course, putting up the long end of the bet. The wager is paid off at true odds, but you must first pay a commission. In this case, the commission is computed as 5 percent of what the bet will pay if it wins. If you lay the 4 for forty dollars, you must hand the dealer all additional one dollar as the commission. One dollar is 5 percent of twenty dollars, which is what the bet will pay if it wins.

The wager will win if a 7 is rolled before a 4, and it will lose if a 4 is rolled before a 7. The house edge on lay bets on the 4 or IO is 2.4 percent. On the 5 and 9, the edge is 3.3 percent. On the 6 and 8, it is 4 percent. Since the house charges full commission on every multiple of twenty or every portion thereof that it pays on lay bets, these wagers should be made in the following sizes to avoid excessive commission charges: multiples of forty for numbers 4 and IO, multiples of thirty for numbers 5 and 9, and multiples of twenty-four for numbers 6 and 8. To make a lay wager, place your chips, including the commission, in the come box and tell the dealer what number you want number you want to lay. He will remove the commission and place the bet above the proper box number in the box where the don't-come bets go. A small BUY button will be placed on the bet to distinguish it from the don't-come bets. The bet can also be called down, in which case t4e dealer will refund the commission charge. For the reasons explained a moment ago, you would be better off making don't-come bets and laying full odds. see more > > > Sucker Traps



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