Craps Lay Bet Strategy
Craps can be a daunting game for most including ourselves if we are honest and is not a game we normally play but here is the craps lay bet strategy and explanation of what exactly a lay bet is in craps.
Craps Playing The Odds
When placing lay bets on craps you have no complicated or confusing bet combinations or hedges that are needed. Placing more than one bet will obviously reduce your odds of making a profit.
I have read many craps strategies, and they all say that laying those odds on the don't is going to increase your edge over time. I guess I understand why they say what they say, but taking $20 to win $20 and turning it into $80 to win $60 sounds like giving the house that little bit of edge back. You can use probability to figure out the odds of winning and losing in the popular casino dice game of craps. In the game of craps, on your first roll (called the come out roll), three outcomes are possible: Natural: Rolling a total of 7 or 11 — automatically wins. This Forum is Under Construction! By popular demand, it's the return of Heavy's Wrong Way Craps forum - where the discussions focus on the Dark Side of casino craps. Questions about playing the Don'ts, Lay Bets, and Laying Odds? You've come to the right place. You'll find all that - plus Dark Side strategies for Dice Influencers - and MORE. Fellas, anybody have any luck with laying the 4 and placing the hard 4? I have been simulating a bunch on 4 different apps and the Wizard of Odds simulator. I have had great success. Start out with a $500 bankroll. $200 Lay on the 4 and $30 on the Hard 4. Come out, 7 gets you $95. ($100 win 5% Vig) When the point is set, 7 gets you $65. I just have a question on laying odds on don't pass and don't come in craps. I know it is recommended to play the don't pass line backed up with Max odds and same with the don't come line. If the point is a 6 or 8, is it recommended to reduce the odds bed or not lay odds at all?
So what is a craps lay bet?
A lay bet is the opposite of a back bet in craps just like in most games that you can place lay bets on. As always it is also an easy way to get favorable odds of the selection you choose not to win giving you a high strike rate.
A craps lay bet is a bet that a 7 won’t be rolled previous to the number that you have your money on.
So you can choose 4, 5, 6, 7, 8, 9 or 10 and place a bet in the designated area on the table. An example can be seen above in the main picture.
There are 6 ways that the dice can be rolled to total 7!
When this is compared to the 5 ways that a 6 or an 8 can be rolled, the 4 ways in which a 5 or a 9 can be rolled and the 3 ways in which a 4 or a 10 can be rolled you can see why many craps players choose to place lay bets.
These figures are the basis of how much you are favored to win.
- 6 or 8 : odds are 6/5 in your favor; probabilities are 54.55 % you win, 45.45 % you won’t.
- 5 or 9 : odds are 6/4 in your favor; probabilities are 60 % you win, 40 % you’ll won’t.
- 4 or 10: odds are 6/3 in your favor; probabilities are 66.67 % you win, 33.33 % you’ll won’t.
Lay bets offer true odds but there is a downside – the vigorish!
The downside of lay bets on craps – The vigorish!
While lay betting on craps offer true odds this gives the casino no edge so therefor they collect a vigorish (vig).
To get around this the casino’s take the vigorish which is 5% of all winning bets.
Craps Lay Odds Bet
So say you place a lay bet of £40 on 4, and the shooter rolls a 7 then you will win £19. So your £40 pays 1 to 2, which makes £20.
Craps Payouts Formula
The “vig is deducted from that amount, so 5% of £20 is £1. Your win will be £19 and you will get £59 back, your winnings and the original £40 staked.