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Laymedown
Laymedown
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March 29th, 2018 at 1:02:48 PM permalink
Craps LAY BETS Strategy on come out roll explained below.

There are six craps lay bets available. You can lay the 4, 5, 6, 8, 9 or 10.
Those are the same numbers that become points if the shooter rolls them on the come out, and the same numbers available to right bettors as place bets.

In each case, you win the bet if the shooter rolls a 7 before rolling your number, and you lose if the shooter rolls your number first. No numbers matter other than 7 and the number you lay.

Letís say you lay the 6. That means you win only if the shooter rolls a 7 before the next 6. If the next few rolls are 11, 5, 9, 3 and so on, nothing happens to your bet. Those numbers donít matter.

At any point, if a 7 turns up, you win, or if the roll is 6, you lose.

LAY BETS ODDS OF WINNING
There are 36 possible combinations of two six-sided dice in craps lay bets. Six of those combinations total 7, while 5 total 6, five total 8, four each total 5 and 9 and three each total 4 and 10.

That means youíll win six times for every five times you lose if you lay 6 or 8, win six times per four losses on 5 or 9 and win six times per three losses on 4 or 10.

The odds in favor or your winning lay bets are 6-5 on 6 or 8, 3-2 on 5 or 9 or 2-1 on 4 or 10.

LAY BETS PAYOFFS AND COMMISSION
Because you win more often than you lose, the house charges a commission in order to gain an edge.

Payoffs are commensurate with true odds. If you bet $6 on 6 or 8, a winner will bring you $5. If you bet $3 on 5 or 9, a winner will bring you $2, and if you bet $2 on 4 or 10, a winner will bring you $1.

The commission amounts to 5 percent of the amount you would win if the shooter rolls a 7.

Letís set our bet sizes all to amounts that would win $20 to make an easy comparison.

If you lay 6 or 8, you must wager $24 for a chance to win $20 Ė the 6-5 odds multiplied by four. Fiver percent of $20 is $1, so thatís the commission you must add to your wager, so your full bet is $25 for a chance to win $20.
If you lay 5 or 9, you must start with $30 for a chance to win $20, and the 1 percent commission brings your total risk to $31.
If you lay 4 or 10 you must start with $40 for a chance to win $20, and the 1 percent commission bring your total risk to $41.
Some casinos charge the commission only if your bet wins. That makes a difference in the house edge, as weíll see below.

LAY BETS HOUSE EDGE
The best deal on lay bets is on 4 or 10, where the commission represents the smallest proportion of your bet.

Letís start with casinos where you must pay the commission on all lay bets, win or lose.

If you lay 4 or 10, the house edge is 2.44 percent. In the long run, per $100 wagered, you would average $2.44 in losses
If you lay 5 or 9, the house edge is 3.23 percent.
If you lay 6 or 8, the house edge is 4 percent.
What if the house charges the commission only on winning bets? Then the house edge is reduced on all numbers.

On 4 or 10, commission on winners only, the house edge is 1.67 percent.
On 5 or 9, commission on winners only, the house edge is 2 percent.
On 6 or 8, commission on winners only, the house edge is 2.27 percent.

SOURCE
Sorry for my many daily posts. I am a retired professional and I love to chat about gambling. I also enjoy reading and can't help but to reply to some fantastic articles.
mustangsally
mustangsally
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March 29th, 2018 at 2:55:49 PM permalink
Quote: Laymedown

LAY BETS HOUSE EDGE

On 4 or 10, commission on winners only, the house edge is 1.67 percent.

but it can be lower and I have seen this and made these bets a lot.
Lay the 4 for $50 (sure you could Lay the 10)

you win $25
and 5% of $25 = $1.25 = vig
most will always pay $1 vig (I never seen it different)

so edge = 1 / 75 or a sweet 1.33%
better than the line bets and the place bets of 6 & 8

next
and there are others too

Sally
I Heart Vi Hart
pwcrabb
pwcrabb
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March 29th, 2018 at 4:56:48 PM permalink
Buy bets are the flip side of Lay bets. Because the casino bankroll is essentially infinite, the guerrilla strategic imperative to minimize losses suggests taking the small end rather than laying the large end of the bet.

All four outside box numbers can be bought for a $2 commission when the bet size is $50.
Laymedown
Laymedown
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March 30th, 2018 at 12:04:46 AM permalink
You're right about the opposite of lay bets but problem is you need to roll all 6 numbers for you to get paid, but if you lay all the numbers you just need to roll the easiest number on the dice one time to get paid.

The best part is many of the shooters also hope to roll a seven on come out roll. I would never say it's a get rich quick kind of betting but it's pretty smart.
Sorry for my many daily posts. I am a retired professional and I love to chat about gambling. I also enjoy reading and can't help but to reply to some fantastic articles.
AcesAndEights
AcesAndEights
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Thanks for this post from:
Laymedown
March 30th, 2018 at 7:24:41 AM permalink
Quote: Laymedown

You're right about the opposite of lay bets but problem is you need to roll all 6 numbers for you to get paid, but if you lay all the numbers you just need to roll the easiest number on the dice one time to get paid.


This is true, and in exchange, the lay bets PAY LESS for the privilege of winning more often (and, consequently, all at once).

Quote:

The best part is many of the shooters also hope to roll a seven on come out roll. I would never say it's a get rich quick kind of betting but it's pretty smart.


The dice don't give a good god damn about the shooters hopes or dreams. They will roll according to the probabilities, and you are no more likely to win your lay bets on the come out than you are any other time. But hey, you get to celebrate with the rest of the table, and there is something to be said for that.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
alphastorm
alphastorm
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April 2nd, 2018 at 1:39:13 PM permalink
The best play is to lay it for $78 so they will round down and only charge you for a dollar. You should squeeze money out of every dollar you bet.
Laymedown
Laymedown
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April 3rd, 2018 at 10:49:14 AM permalink
Lay what for 78?
Sorry for my many daily posts. I am a retired professional and I love to chat about gambling. I also enjoy reading and can't help but to reply to some fantastic articles.
DeMango
DeMango
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April 3rd, 2018 at 12:03:58 PM permalink
Quote: Laymedown

Lay what for 78?

4 or 10
WatchMeWin
WatchMeWin
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April 3rd, 2018 at 12:17:38 PM permalink
Im not a dont player typically, but every now and then if I dealers tell me the table is ice cold and I see people losing their as%$#, I will lay either the 4 or 10.. I typically like the 10 for some reason. I lay the 10 and play the dont pass. Those times Ive played that way have always worked out. They were hit n run of course.
'Winners hit n run... Losers stick around'
AxelWolf
AxelWolf
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April 3rd, 2018 at 12:28:06 PM permalink
WMW, you and your cousin LMD should plan a trip to Vegas at the same time, that way we can kill 2 ---- birds with one stone.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪

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