Although the game of craps is sometimes considered difficult, it is widely-preferred in both land-based and Internet casinos. The great variety of bets provides players with the opportunity to choose the best ones for them and offers excitement and an excellent gaming experience.
The Place Bet
The so-called Place bet is considered as a pretty simple one. To be precise, there are two different types; the first one is called 'Place bet to win,' and the other, 'Place bet to Lose'.
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Sign UpVirtually every craps game has a maximum bet ranging from $2,000 and up. Most of them are $10,000 or less. That means in the unusual but very possible case of someone going 25 rolls without a 7, this player is out his entire investment of over $20,000 and he cannot continue. Craps Payouts Which bets are the best on Craps Odds. Continued from online craps odds part 1. Again, when it comes to playing online craps, the numbers you roll are out of your control and can only be determined by luck, but understanding the odds of rolling the numbers can help you make the right play and teach you which bets are the best ones to choose based on the odds. Hop Bets One-roll bets that may be bet at anytime on a specific combination of the dice, which wins only if the combination is thrown on the next roll and loses if any other combination it thrown. Craps and Eleven (C&E) One-roll split bet that may be bet anytime. The bet wins if a 2, 3, 11 or 12 rolls, and loses if any other number is rolled. $1 x 15 minus $2 (from 2 losing 7s hopping bets) = $13 net winnings, plus $1 (winning 7s hopping bet taken down) = $14 chips in hand $3 x 4 minus $0 (loss on Any 7 bet) = $12 net winnings, plus $3 (winning Any 7 bet taken down) = $15 chips in hand. The payoff for the All Bet is 174 to 1. For this wager to win, then the shooter must roll all the following numbers before rolling a seven: 2,3,4,5,6,8,9,10,11, and 12. The house edge on the 174:1 payout on the All Bet is 7.76%. If the payout is 175 to 1, then the house edge is 7.47%.
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Place bets could be made at any time during the game and offer fast action. In fact, when played online, such bets require no waiting time. In addition, a great advantage is the fact that the bet could be made or taken down whenever the player wants, which is why it is called a 'standing' bet.
When it comes to making a Place bet, players wager on the numbers 4, 5, 6, 8, 9, and 10. If they have chosen to put their wager on the 'Place to Win bet', the player bets on the probability of the shooter rolling any of the above-mentioned numbers before rolling a 7. On the other hand, when the 'Place to Lose bet' is made, the player wagers on the chance for a 7 to be rolled by the shooter before rolling any of these numbers.
Craps Payout Calculator
There are three possible outcomes of such a bet. First, the place number could appear, and then the player wins. Then, the player loses his bet if a 7 appears. The third outcome includes any other number that could appear apart from the place numbers and the 7, this would mean nothing in terms of winning or losing.
Sometimes, players who use the place bet use all of the aforementioned numbers for maximum action. This strategy, however, is not consistent enough which makes it inappropriate for long-term betting. In addition, the player would need a large bankroll in order for him to cover all six winning numbers.
Place Bet Payout Options
Craps Hop Bet Payouts
This type of craps bet offers payouts that are quite good, especially in comparison to the ones provided by other craps bets. As a matter of fact, the payouts are nearly identical to true odds but are usually a bit smaller.
The actual odds of rolling a 4 or a 10 are 2 to 1. When the shooter throws a 5 or a 9, the odds equal 3:2, while the odds of them throwing a 6 or an 8 are 6:5.
Love guru online. As already mentioned, the payouts of winning Place bets are pretty good. The payouts for rolling a 4 or 10 are 9 to 5. players get 7:5 for rolling 5 or 9, and 7:6 for rolling 6 or 8.
Craps Payouts Formula
Regardless of the fact these payouts seem relatively good, they are slightly lower in comparison to the ones of true odds. In addition, the house edge varies depending on the combination rolled.
For example, the casino advantage is the largest when a place 4 or 10 is rolled and amount to 6.67%, which is a pretty high house edge. When a place 5 or 9 has come out, the casino advantage equals 4.00%, while the house edge is the lowest for rolling out a place 6 or 8 – 1.57%.
As evident, the house holds a substantial advantage over the player who has chosen to use a Place bet, especially on the outside numbers. Of course, all of these numbers could be covered through the pass line or come box. In case that they are played with the Free odds bet, they would provide the casino with less than 1% advantage. However, there is a difference when played with the Place bet, as the player is given the chance to select the number and go directly to it.
