Types of Craps Bets

Answer 11 of 20: Craps is a game played with 2 dice and from 1-16 players on a table. Everyone takes turns being the shooter. This is the person who rolls the dice. The game begins with everyone placing their bets on either the 'Pass'. 3-4-5x Odds in Craps Explained The Free Odds bet has some weird payouts. You get paid 2:1on a point of 4 or 10, 3:2 on a point of 5 or 9, and 6:5 on a point of 6 or 8.

Craps is a game that can be simple or complicated – depending on how you want to bet. Craps is a table game played by several players. One of them (the one who throws the dice) is called the “Shooter”. Very simply put: When playing craps, the shooter throws the dice and all other players bet on numbers that may or may not be. Craps is a much easier game to learn than most people think. The basic premise is simple: you are betting on the outcome of the roll of two dice. The only thing that makes the game confusing is all the different types of bets you can place.

Craps Game Explained

These bets are somewhat simple. There are actually two different types of place bets. One is called place bet to win and the other is place bet to lose. Essentially, these are bets that may be wagered at any time during the round. The numbers that can be wagered on are 4, 5, 6, 8, 9 and 10. If you wager a 'place to win' bet, then you must roll that number before rolling a seven. If you make a 'place to lose' bet, then you must roll a seven before rolling that number.

The payouts are actually quite good in this bet. In fact, they are nearly the same as true odds but usually slightly less. The actual odds of throwing a 4 and 10 are 2:1, the odds for 5 and 9 are 3:2 and the odds of throwing 6 and 8 are 6:5. The payouts are 9:5 for rolling a 4 or 10, 7:5 after rolling 5 or 9 and 7:6 for rolling a 6 or 8. As you can see here, the payouts are slightly lower than true odds. The house edge for place 4 and place 10 is 6.67%, the house edge for place 5 and place 9 is 4.00% and the house edge for place 6 and place 8 is a very nice 1.57%.

I tried to provide a screenshot of different place bets below. The first thing to do is look for the top roll with the numbers 4, 5, 6, 8, 9 and 10. Above and below each of these numbers are spots labeled 'lose' and 'win' along with the payout for each 'place bet'. These are where you make your different place bets on the craps table layout. One thing to remember is not all casinos offer these bets. Many online casinos do but many land based casinos do not. Also, the odds can be slightly different depending on the casino rules.

Craps Explained For Dummies