Lay Bet - Vig on a win only - Where?

I have not made a trip out to Vegas yet, but I've read elsewhere that all or nearly all Vegas casinos, for lay bets, charge vig on a win, rather than upfront.

Is this true?

If not true, does anyone have a list of Vegas casinos that charge lay vig only on a win, or will I need to call each casino (and what kind of run-around can I expect with such a question given they don't seem to publish these rules on their websites)?

I think the sister site here indicated this:
"Lay bets are like laying the Odds or Place to Lose bets, except with different odds. The concept is that they pay fair odds, like Odds bets, except you have to pay a 5% commission to make the bet, based on the win amount. This commission is usually non-refundable. However, at some casinos, the commission on the 4 and 10 is charged only on a win. The following tables show the house edge both with the commission always payable and after a win only."

It also indicated there's a complete guide to Vegas playing conditions here, but I can't find it:
"The Casino Royale, which offers 100x odds. For complete playing conditions in Vegas please see my new Vegas craps directory."

When it comes to the Buy bets (the Lay bet's light-side cousin) MGM properties only charge on a win. If nobody here can give you a straight answer, best to start with them.

Quote: beggardnoble

It also indicated there's a complete guide to Vegas playing conditions here, but I can't find it:
"The Casino Royale, which offers 100x odds. For complete playing conditions in Vegas please see my new Vegas craps directory."

There is this guide to odds offered, not sure if that's what you want?

LAS VEGAS CRAPS SURVEY

The craps survey is a very good start, but does not (and cannot always) include highly detailed information such as "vig on win" vs. "vig on bet occurance" for buy and lay bets.
Most local places are fair and lenient, that is "vig is paid only if bet wins."
I deal dice at Fiesta Henderson, and it is 10x odds, vig on win only, field pays 3:1 on 12 2:1 on 2, and place 4 & 10 are treated as buy bets for better value at $10 and above.

>Most local places are fair and lenient, that is "vig is paid only if bet wins."
I would say most casinos in Vegas and all "locals" casinos in Vegas will charge you the "vig" only if the bet wins.
Oh there might be one or two places you could find that might differ, but you would have to really search to find them and once you found them all you would have to do is go next door to get away from them.

>Fiesta Henderson is 10x odds, vig on win only, field pays 3:1 on 12 2:1 on 2,
>and place 4 & 10 are treated as buy bets for better value at $10 and above.
Thats about it all over, though if you look at the craps survey you will see that SOME places are stingy in the field and other places are going to have slight variations.

Most people choose where to play for other reasons, such as the ODDs offered, the comp rate, the buffets offered, the parking, their wife's preferences, etc.

Add Golden Gate to the list of confirmed vig on win only casinos...I was buying 4 and 10 for 25 and dropping a buck on a win, however I don't know at which point they would start rounding up...you may be able to buy up to 39 for just a dollar on the win, I don't know how that works for lay...do you pay 5% of the bet amount or the win amount?

I imagine it will now be the same at Fitzger....errr, The D.

Quote: progrocker

Add Golden Gate to the list of confirmed vig on win only casinos...I was buying 4 and 10 for 25 and dropping a buck on a win, however I don't know at which point they would start rounding up...you may be able to buy up to 39 for just a dollar on the win, I don't know how that works for lay...do you pay 5% of the bet amount or the win amount?

I imagine it will now be the same at Fitzger....errr, The D.

You pay the 5% on the win amount for lay bets.

I didn't do much laying (har har) on my last trip, but I did lay the 4 at Mandalay Bay for one thousand, and they only charged me the vig after it hit, which was $25 (5% of $500, exactly). I recall having the same experience at Bally's a couple of years ago, but I think that dealer was confused since as far as I can remember, most Harrah's properties charge the vig up front on all lay bets. I have no clue if all MGM properties are more lenient, but as others have said, it's a good place to start.