CasinoKid777
CasinoKid777
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November 23rd, 2013 at 8:17:13 AM permalink
This was a debate between staff: Can a come bet (with odds) be placed directly on a number if the points is already made? etc. Points is 10, Can I place my come bets directly on the 5 & 9 without going through the come?

Taking into consideration that the Come Bet follows the same principles as the pass line bet where a player may join the game at any time.

I know its a silly bet and I know that the come bet is the best bet on the table… I understand the odds…


Thank you
DJTeddyBear
DJTeddyBear
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November 23rd, 2013 at 8:26:29 AM permalink
These are commonly called "Put" bets. Place bets are nothing more than Put bets with a pre-set odds amount.

Put bets have an advantage over Place bets when the table minimum is small, and the maximum odds multiplier is large. (10x or more)

Place bets have an advantage over Put bets in that the "come" part of the bet can be as little as $1 on a $5 table, or $2 on a $10 table, etc.

Note that some casinos or jurisdictions forbid Put bets.
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
CasinoKid777
CasinoKid777
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November 23rd, 2013 at 8:40:44 AM permalink
Okay, understood… but!

Will you stop a player from making the silly bet if they insist?

Also, is there a rule stating that a playing can't place their Come Bet directly on the number?
7craps
7craps
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November 23rd, 2013 at 8:43:22 AM permalink
from the wizard of odds
https://wizardofodds.com/games/craps/

Put Bets
In craps, the player may skip the come out roll on a pass or come bet.
Such a late bet on the pass and come is known as a "put bet."
Much of the value in pass and come bets is in the come out roll, so skipping it carries a high house edge.
To be specific, 33.33% on the 4 and 10, 20.00% on the 5 and 9, and 9.09% on the 6 and 8, on a per bet resolved basis.

However, you can combine a put bet with an odds bet, bringing down the overall house edge.
Here are the breakeven points, according to point.
6 and 8: Bettor must combine a put bet with 5X odds to have the same overall house edge of 1.52% as a place bet.
5 and 9: Bettor must combine a put bet with 4X odds to have the same overall house edge of 4.00% as a place bet.
4 and 10: Bettor must combine a put bet with 19X odds to have the same overall house edge of 1.67% as a buy bet, assuming the commission is paid on a win only. If the commission is always paid then the bettor must combine a put with with 6X odds to match the 4.76% house edge.

At casinos that offer 3-4-5X odds, or worse, there is no reason to make a put bet, because you will do equal or bettor to make a place or buy bet.

adding
after making a put bet, the flat bet is a contract bet and can not be removed or decreased

As DJ mentioned, many casinos do not allow put bets or even know what they are

They have been around from the early 1900s
It is from put bets that the place bets were born
6 & 8: flat with 5x odds ($1 with $5 odds pays $1 +$6 = $7 = $6 pays $7)
4,5,9,10: flat with 4x odds
(4&10: $1 with $4 odds pays $1 + $8 = $9 = $5 pays $9)
(5&9: $1 with $4 odds pays $1 + $6 = $7 = $5 pays $7)
winsome johnny (not Win some johnny)
PBguy
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November 25th, 2013 at 3:19:48 AM permalink
I was playing one day and a guy that was doing $100 put bets with $500 odds (table is 5x odds on all numbers). I couldn't figure out why he would play that way instead of buying the 4 and 10 so I asked him (politely) and he said "She told me that's the best way to do it" and pointed to the box. The dealers also had him do a $150 Big Red bet on come out rolls to insure his put bets.

Didn't seem to make a lot of sense to me to play it that way instead of simply placing the 5/9 and 6/8 and buying the 4/10. Of course I also thought he was betting WAY too much at a time since his bankroll wasn't all that big maybe $7500.

No way I'd play any game and bet big not knowing how or why to bet. He was a nice guy and very open to advice at least!
odiousgambit
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November 25th, 2013 at 6:46:05 AM permalink
Quote: PBguy

She told me that's the best way to do it



Everybody has a story about how bad the advice from dealers can be. It can come from a devilish impulse, but I think in most cases, they just don't know any better.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
AlanMendelson
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November 25th, 2013 at 3:37:30 PM permalink
Some casinos allow put bets and some don't. I think that was the original question.
AcesAndEights
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November 25th, 2013 at 4:25:30 PM permalink
Quote: PBguy

I was playing one day and a guy that was doing $100 put bets with $500 odds (table is 5x odds on all numbers). I couldn't figure out why he would play that way instead of buying the 4 and 10 so I asked him (politely) and he said "She told me that's the best way to do it" and pointed to the box. The dealers also had him do a $150 Big Red bet on come out rolls to insure his put bets.

Didn't seem to make a lot of sense to me to play it that way instead of simply placing the 5/9 and 6/8 and buying the 4/10. Of course I also thought he was betting WAY too much at a time since his bankroll wasn't all that big maybe $7500.

No way I'd play any game and bet big not knowing how or why to bet. He was a nice guy and very open to advice at least!


Technically he was getting a better payout on the 5/9 with the put bet, but the buy bet on the 4/10 would have been better. Same result for the 6/8
4/10
$600 buy ----> $1170 win ($1200 minus $30 vig)
$600 put -----> $1100 win ($1000 odds + $100 base)

5/9
$600 place ----> $840 win ($600*(7/5))
$600 put -----> $850 win ($750 odds + $100 base)

6/8
$600 place ----> $700 win
$600 put -----> $700 win ($600 odds + $100 base)
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
Tomspur
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November 25th, 2013 at 4:53:51 PM permalink
Quote: odiousgambit

Everybody has a story about how bad the advice from dealers can be. It can come from a devilish impulse, but I think in most cases, they just don't know any better.



Absolutely spot on yes. Dealers, for the most part don't know any better, they certainly don't know the statistics behind each bet and why it would be better or worse.

Of course, as with anything, this isn't always the case. There are some very smart guys out there and they will either keep quiet or give you the right advice.

They are tough to find however..........
“There is something about the outside of a horse that is good for the inside of a man.” - Winston Churchill
DeMango
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November 28th, 2013 at 2:33:49 AM permalink
Quote: AcesAndEights

Technically he was getting a better payout on the 5/9 with the put bet, but the buy bet on the 4/10 would have been better. Same result for the 6/8
4/10
$600 buy ----> $1170 win ($1200 minus $30 vig)
$600 put -----> $1100 win ($1000 odds + $100 base)

5/9
$600 place ----> $840 win ($600*(7/5))
$600 put -----> $850 win ($750 odds + $100 base)

6/8
$600 place ----> $700 win
$600 put -----> $700 win ($600 odds + $100 base)



Buying the nine is better also. $600 buy = $870. Oh your rip-off casino doesn't let you buy the nine? Find another casino! One that you pay the vig on a win only. If you are going to play for those amounts, you deserve a better choice.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
PBguy
PBguy
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November 29th, 2013 at 11:43:31 PM permalink
Quote: AcesAndEights

Technically he was getting a better payout on the 5/9 with the put bet, but the buy bet on the 4/10 would have been better. Same result for the 6/8
4/10
$600 buy ----> $1170 win ($1200 minus $30 vig)
$600 put -----> $1100 win ($1000 odds + $100 base)

5/9
$600 place ----> $840 win ($600*(7/5))
$600 put -----> $850 win ($750 odds + $100 base)

6/8
$600 place ----> $700 win
$600 put -----> $700 win ($600 odds + $100 base)



Yes that's what I calculated at the time. What initially caused me to question the strategy was realizing he would have won more buying the 4/10. For me it wouldn't be worth the little extra win on the 5/9 due to the potential loss if a 7 was rolled on a come out roll. Of course when any of those numbers were rolled on a come out he'd make another $100.

The other main reason I was surprised by his strategy is that I figure I need about 15 times my normal exposure (total bets on the table) as a minimum buy in. He didn't have more than about 10 grand and was betting about $3500 at a time so just 3 PSOs and he was done.
indignant99
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March 24th, 2015 at 6:51:24 AM permalink
Quote: DJTeddyBear

These are commonly called "Put" bets.


Huh? You think I can "put" the 5 and 9, when the point was established on 10?
Yeah, I made a mistake once. I thought I was wrong, when I actually wasn't. -Indignant
odiousgambit
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March 24th, 2015 at 6:56:58 AM permalink
Quote: indignant99

Huh? You think I can "put" the 5 and 9, when the point was established on 10?



if it is allowed, yes, depends on the casino
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
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