For beginner players, the lay bet in craps can seem like a challenging gamble to use. For newcomers, the fact that it’s one of the few bets with a vig can be confusing. The craps lay bet, yet, can be a beneficial alternative to other craps bets like the place bet or buy bet once you understand what you’re paying for and how to place the bet.
Let’s look at the lay bet craps, its chances, and some tips for using it at the top online craps betting sites.
What is Lay Bet?
A lay bet is a type of craps bet used at online casinos to gain “true odds” on the roll of a seven coming before a particular number.
Your lay bet will often be placed after the point total is rolled. On the first roll, a lay bet is permissible but not recommended.
A lay bet has a vig, just like a craps buy bet, but it’s betting against the dice. You can place a buy bet on whether a six will appear before the next seven is rolled and a lay bet on whether a six won’t.
Payment of the Vig
You must pay a vig, or a tiny fee, to put a lay bet in craps, which offers better odds than standard place bets. In most online casinos, the vig is 5% of potential wins. Although you may also encounter larger fees or discounted offerings.
Sometimes, “no-vig” choices will be available. It reduces the house edge or casino advantage on the bet to 2% and below.
How Craps Players Place a Lay Bet?
The craps lay bet is referred to as a “dark side strategy.” When you play at actual tables, other players make fun of you. And in some circles, it’s even thought to be unlucky. Most other bets lose while you and other players are winning.
When to place a Lay Bet?
A point bet is made after the first roll. Assuming the dice don’t crap out or roll a 7, or 11, the pass-line bets won’t win or lose right away.
Craps Lay Bet Strategy
Dark siders have access to six lay bets on craps. The 4, 5, 6, 8, 9, or 10 can be laid. The same numbers are offered to right bettors as place bets and become points. If the shooter rolls them when they come out.
If the shooter rolls a 7 before rolling your number in either case, you win the bet; otherwise, you lose. Other than 7 and the number you lay, no other numbers matter.
Say you place the 6. You only succeed if the shooter rolls a 7 before the next six, so to speak. If the next rolls are 11, 5, 9, 3, and so forth, the bet remains unaffected. These figures are irrelevant.
Any time a 7 comes up, you win; whenever a 6 comes up, you lose.
Odds of winning Lay bets
When placing lay bets in craps, two six-sided dice can be combined in 36 different ways. Six of such combinations add up to 7, five to 6, five to 8, four to five and nine, and three to four and ten.
If you lay 6 or 8, you’ll win six times for every five losses, and win six times for every four losses on 5 or 9. And win six times for every three losses on 4 or 10.
Your lay bets have odds of 6-5 on 6 or 8, 3-2 on 5 or 9, or 2-1 on 4 or 10 in your favor.
Lay Bet Payouts and Commission
The house charges a fee to get an edge because you win more than you lose.
Rewards are in line with the actual odds. If you bet $6 on the numbers 6 or 8, you will win $5. You will receive $2 if you bet $3 on the number 5 or the number 9, and $1 if you bet $2 on the number 4 or the number 10.
If the shooter rolls a 7, the commission is equal to 5% of the money you would win.
To provide a simple comparison, let’s set all our stake amounts to sums that would win $20.
If you lay 6 or 8, the odds of 6-5 times four equals a $24 bet for a chance to win $20. Your total stake will be $25 for the possibility of winning $20. Because five percent of twenty dollars is one dollar.
If you lay 5 or 9, you must wager $30 to begin with and an extra $1 in fee makes your risk $31.
For a chance to win $20 when you lay 4 or 10, you must first wager $40. Then, add a 1% commission to make your overall risk $41.
The patient player who bets don’t pass and don’t come has a reduced house advantage. But, lay bets in craps allow dark side players who like to pick their own numbers a realistic choice. Especially if the commission only applies to winners.
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