DrEntropy
DrEntropy
Joined: Nov 13, 2009
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March 27th, 2014 at 9:38:25 AM permalink
I have played quite a bit of craps, but until now I have never ventured into the lay bet. On my next trip, I figured what the heck. But then a question occured:

Q:At a $25 min table, I want to lay the 4 (lets say). Obviously $25 is not going to cut it since they don't pay in half dollars. Do I lay 26 ? Seems awkward. Or am I missing something. I also figure it differs depending on if they take the vig up front or only on wins.

PS: My search-fu probably failed and this was probably discussed previously.
"Mathematical expectation has nothing to do with results." (Sklansky, Theory of Poker).
Beethoven9th
Beethoven9th
Joined: Jul 30, 2012
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March 27th, 2014 at 9:44:07 AM permalink
If it's a $25 table, then you must Lay $50 (+ $1 for vig) on the 4/10 to win $25. Even better, if they only charge vig on the win, then you'll Lay $50 to win $24.
Fighting BS one post at a time!
DrEntropy
DrEntropy
Joined: Nov 13, 2009
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March 27th, 2014 at 10:15:04 AM permalink
Ah the minimum is on the win for lay bets, I didn't know that! I suppose though you could do $25/$25 on the 4 and 10, as I have seen that quite often.

Cheers!
"Mathematical expectation has nothing to do with results." (Sklansky, Theory of Poker).
wudged
wudged
Joined: Aug 7, 2013
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March 27th, 2014 at 11:03:59 AM permalink
Some places will allow it, but you can get stiffed because of the vig. If you lay them both and vig is charged up front, if one of them loses and you want to replace it, you will be charged a full dollar. Likewise, if they charged vig on the win only, if one of them loses and you don't replace it, you will be charged a full dollar for the single one winning.

Also, it's best to find out what the "breakage point" is in regards to when they move the vig from $1 to $2. Some places will let you lay all the way up to $78, for a $39 payout, and still only charge $1 vig. Others will cut you off at $25, $30, $35, or anywhere the feel like it.
guitarmandp
guitarmandp
Joined: Mar 17, 2014
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March 30th, 2014 at 3:49:45 AM permalink
At my casino you have to lay at least $50 if it's a 4 or 10 btw even if it's a $10 table. I see a guy at the casino all the time who likes to lay the 4 and 10 for $500 a pop, if the 7 comes he likes to parlay his winnings to $750; I have never seen this person win, he always looses his shirt. One time I saw this guy loose six thousand dollars off one shooter and leave the casino looking like he was about to cry. He had like $200 on the 4 and it hit so he went back on for $400. He kept doubling his bets on this shooter thinking the shooter would eventually crap out but the shooter made a ridiculous amount of 4's and 10's and this guy got taken to the cleaners. Saw him today get cleaned out.

Anyways where I'm getting at is that this is a tough strategy to win off. Your going to loose half the time and you only get paid half when you win plus you are out the Vig. Your only chance of really winning big is if your on the come out roll and they roll a bunch of 7's in a row.
FleaStiff
FleaStiff 
Joined: Oct 19, 2009
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March 30th, 2014 at 4:07:46 AM permalink
This is from the somewhat dated site: Vegas Made Easy. Its also oriented to Buying rather than Laying the 4 and 10. The site recommends Main Street Station and Sams Town for craps mainly due to good odds and availability of unusual bets at SamsTown.


Someone placing 6 and/or 8 and buying the 4 and/or 10 will have a lot of action at -1.584% which is about the same as a blackjack player with the super fun rules. Texas Station and the Gold Coast allow you to combine 4 and 10 buys for better action at lower bet minimums. Gold Coast even alternates the commission payment so it is the best casino for those who like to play the 4 and 10.
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
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March 31st, 2014 at 4:39:45 PM permalink
Quote: guitarmandp

... He kept doubling his bets on this shooter thinking the shooter would eventually crap out but the shooter made a ridiculous amount of 4's and 10's and this guy got taken to the cleaners. Saw him today get cleaned out.


I think you mean seven out.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer

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