Really? I would have thought that since you can make a put bet at any time, that you can take it down at any time as well. Besides, when did you "give up a chance to win on 7 or 11? Are you confusing a Put bet with a Come bet?...
Based upon that little tidbit, and that you can take down / turn off Place bets at will, I'd assume you can do the same with Put bets.
I think FleaStiff is right, and that the "Put" bet is akin to walking up to a table where the point was just established, and placing a line bet on the point. You can add an odds bet, which you can choosed to be on or off, but the new line bet always works until it is resolved. Once "put", it is as if you placed the flat portion prior to the come-out.
What is the house edge for a put bet on the 6 or 8 with 10x odds?
The house edge of any put bet is f(pt)/(1+odds), where f(4,10)=1/3, f(5,9)=1/5, f(6,8)=1/11.
So, in this example, (1/11)/(1+10) = 1/121 = 0.83%.
Here is another way to put it.
For points of 4 to 6: ((7-p)/(5+p))*(1/(1+o))
For points of 8 to 10: ((p-7)/(19-p))*(1/(1+o))
where p = point, and o=odds.
I start with 10,12,12 5(field). I do use a Martingale if the 7 pops. The next bet would be 60,72,72, 40(field). If the 7 pops would be 600,612,612, 300(field) so I buy in with 2,500
I've played this for the last 4 months for 9 sessions and have not lost. I have used the second series of bets but haven't had to use the 3rd series as of yet.
What are the probabilities of the first series? Looking for that specific roll?
The second series?
The third series?
Funny story recently where a pit boss got tired of me turning my place bets off and waiting patiently to then turn them on and back off again. He had the boxman take them down without asking. I was very polite and just re-bet them and kept on with the system. Why would this aggravate them? It is a legal bet, huh?
Are there many casinos that allow the put bet? I know they do at Caesars but when there is a new floorman they will question me when I tell them I am increasing my flat bet on the pass to increase my odds when the shooter is making numbers. When they question what Im doing I say "its like making a put bet" and then theyll nod ok.
casino royale allows put bets.
love their 100x odds
This makes sense when you think it through. As another poster showed, when you are making 20x odds bets, the Put bet pays you slightly better than a Place bet, for the same amount of money. So if the casino let you pull both bets back all the time, no one would bet a place bet. Instead, the casino allows you to make a Put bet, and have the slightly better pay over a Place bet, but the price you pay is, you cannot remove the base bet.
I bet some of you have made a Put bet and didn't even realize it!
Here is how it happens. You have made 2 Come bets, and let's day they are on the 6 and the 9. You are bs'ing with the person next to you, and forget to make a new Come bet. The 6 is rolled. As the dealer is paying off your Come bet and the odds, you say "Crap, I forgot to put my new Come bet out there."
The dealer says, "No problem. I can just put you right back up and just give you the winnings. Would you like me to do that for you?"
If you accepted that gracious offer, you just made a PUT bet. And, if you were playing less than around 10x odds, you also just made a worse bet than if you had just told the dealer to make it a PLACE bet instead.