Put bets

I am looking for a little back up and finding it hard to prove..
Please help if you know more about this subject!
I was always told that place bets developed to make the game faster, as they were come bets first with odds, that being said; Put bets developing soon after come bets, so players could pick their number.. At that time the 4&10 were required to bet 4x odds to make a proper bet, which is why the 4&10 pay 9/5. Is there anyone who has information on this?

What info are you looking for?

History ... I got nothing.

Rules ... You seem to be confusing Put and Place bets.

In the US odds are different since some pay specified odds and others charge a percentage (vig) but give true odds.

In the UK all bets have specified odds.

Place bets are bets that win if the number is thrown and loses on a 7. Usually they don't "work" on a shooter's come out roll. For example a £30 bet on 6 or 8 wins £35 (7/6) on 5 or 9 wins £42 on 4 or 10 wins £57.

Lay bets are bets that win if Seven is thrown before the number. There is usually a LAY button on top, to show they aren't Don't Come bets (which pay evens). They always "work".

I believe Put bets are where you make a Pass bet after the come-out roll. Obviously this is inferior than a Place bet - as it only pays Evens rather than better Place odds. However if multiple odds are allowed it might be better to have a Put bet and then (say) add 10x odds. (UK doesn't offer 10x odds, but if it did - £11 place 5 pays £15.40 whereas £1+£10 odds pays £1+£15).

Something to back up history of how the game developed.. I am not confused about the difference between put and place bets, the whole debate came over someone making a put on the six and 8, since, where i work this is rare, we began discussing it ; our max odds are 3x on the 4&10 4x 5&9 5x 6&8.. They inside numbers pay exactly the same as a place bet, the 4&10 do not, that is why you would have to place 4x odds to make it right, but we dont allow, which led to further debate about the way the game developed. Players lose their 7/11 advantage with a put bet, which is why they should be alowed the 4x odds, theoretically, anyway... We think that originally there were come bets, then put bets, which became place bets to speed up the game,

Yes, you can call a put a late bet on the pass with odds, it works the same.. But see the reply to the other post and perhaps my question will become clearer, and while you are right about 11 paying 15.40, we would have to add a decimal point to make a difference, as we don't deal in change, but you are absolutely correct when you say 10x odds, that is the breaking point to make a difference

Not to unduly complicate things, but have you heard of or seen a "place to lose" bet?

You win if the shooter sevens out before the number is rolled.

I've never seen it offered, but it's out there, somewhere.

Ah. Understood.

While I can't help you with the history, I share your confusion about the 4/10.

Way back around 2000, I was a little down on my luck, so instead of playing, I decided to listen to one of those craps classes the casino gives. Mind you, I was already an experienced player. This was at the Stratosphere.

One of the things he talked about was how Place bets are just like Put bets, but for a specific value, which allow you to bet smaller amounts. I.E. At a $5 table, a Put bets will require that $5 table minimum on the flat bet, plus odds, while a Place bet is actually like a $1 flat bet plus max odds.

Made sense. At a 3-4-5 table, the 6/8 is $1+$5, 5/9 is $1+4, but why isn't the 4/10 $1+$3?

Unfortunately, I was so shocked that they were even talking about something advanced as Put bets that I didn't think of asking about this 4/10 issue.

One thing I did notice about the class was, they never talked about what in my opinion is the most important lesson: The relationship of where you stand to where your bets go in each box.

No, i haven't but i have heard of them too, let me know if you find someplace that offers them, sounds like great fun if you have a nemesis at the table

Quote: DJTeddyBear

One of the things he talked about was how Place bets are just like Put bets, but for a specific value, which allow you to bet smaller amounts. I.E. At a $5 table, a Put bets will require that $5 table minimum on the flat bet, plus odds, while a Place bet is actually like a $1 flat bet plus max odds.

Made sense. At a 3-4-5 table, the 6/8 is $1+$5, 5/9 is $1+4, but why isn't the 4/10 $1+$3?

Yes, I realized that I could make a Place bet for the same amount of money as a Pass/Come bet with full 3-4-5x Odds and win the same amount of money (or more on 4/10.) For a while, I quit playing the Pass Line and made only Place bets.

For illustration purposes:
$1 flat bet with $5 odds on 6/8. Flat bet pays 1:1, odds pay 6:5. $1 + $6 = win of $7
$6 Place bet on 6/8. Pays 7:6 for a win of $7

$1 flat bet with $4 odds on 5/9. Flat bet pays 1:1, odds pay 3:2. $1 + $6 = win of $7
$5 Place bet on 5/9. Pays 7:5 for a win of $7

$1 flat bet with $3 odds on 4/10. Flat bet pays 1:1, odds pay 2:1. $1 + $6 = win of $7
$4 Place bet on 4/10. Pays 9:5 for a win of $7.2, rounded down to $7
$4 Buy bet on 4/10. Pays 2:1, minus 5% vig on win. $8 - $1 (rounded up) = win of $7


$5 flat bet with $25 odds on 6/8. Flat bet pays 1:1, odds pay 6:5. $5 + $30 = win of $35
$30 Place bet on 6/8. Pays 7:6 for a win of $35

$5 flat bet with $20 odds on 5/9. Flat bet pays 1:1, odds pay 3:2. $5 + $30 = win of $35
$25 Place bet on 5/9. Pays 7:5 for a win of $35

$5 flat bet with $15 odds on 4/10. Flat bet pays 1:1, odds pay 2:1. $5 + $30 = win of $35
$20 Place bet on 4/10. Pays 9:5 for a win of $36
$20 Buy bet on 4/10. Pays 2:1, minus 5% vig on win. $40 - $1 = win of $39

oops wrong thread

Blue, you're spot on...unfortunately I don't know whether the Place Bets were a by-product around the time of the games inception in the New Orleans area or if some smart boy came up with the concept somewhere down the line.