Lay Bets are the opposite of the Buy Bets, except Lay Bets are wagering against the shooter. Like a buy bet, a Lay Bet allows a gambler to be paid true odds. To receive those nice votes, the craps player pays a 5% commission on their winning bets. Lay bets are made on one of the “point” numbers: 4,5,6,8,9, and 10.

That means there are six different lay bets: The Lay 4, Lay 5, Lay 6, Lay 8, Lay 9, and Lay 10 wagers. As an example, to win the Lay 8 bet, the shooter needs to roll a 7 before they roll an 8

• The Craps and Eleven wager is one of the possible bets that can be placed on the craps table. Any Craps Bet Secrets It could be made both online and in-person and it is up to the individual to pinpoint the particular size of this wager. This bet enhances the existing Any Craps wager we have discussed already, adding another number to it.
• Here is an overview of craps bets with medium odds that you can make. Have a 16.7% chance of winning an Any 7 bet, with a payout of 4/1. This gives the house a substantial edge of 16.9%. This is quite high compared to some of the bets we’ve seen above, yet still a solid choice if you’re chasing more slightly more daring bets.

Craps Lay Bet Strategy

Lay bets don't pay even money. A $60 'no-four' doesn't get you 6-to-3 odds of winning $60. Payoffs are inverse to the odds. Lay $60 on four or 10 to win $30.

Craps can be a daunting game for most including ourselves if we are honest and is not a game we normally play but here is the craps lay bet strategy and explanation of what exactly a lay bet is in craps.

When placing lay bets on craps you have no complicated or confusing bet combinations or hedges that are needed. Placing more than one bet will obviously reduce your odds of making a profit.

So what is a craps lay bet?

A lay bet is the opposite of a back bet in craps just like in most games that you can place lay bets on. As always it is also an easy way to get favorable odds of the selection you choose not to win giving you a high strike rate.

A craps lay bet is a bet that a 7 won’t be rolled previous to the number that you have your money on.

So you can choose 4, 5, 6, 7, 8, 9 or 10 and place a bet in the designated area on the table. An example can be seen above in the main picture.

There are 6 ways that the dice can be rolled to total 7!

When this is compared to the 5 ways that a 6 or an 8 can be rolled, the 4 ways in which a 5 or a 9 can be rolled and the 3 ways in which a 4 or a 10 can be rolled you can see why many craps players choose to place lay bets.

Craps Come Bet Odds Payout

These figures are the basis of how much you are favored to win.

• 6 or 8 : odds are 6/5 in your favor; probabilities are 54.55 % you win, 45.45 % you won’t.
• 5 or 9 : odds are 6/4 in your favor; probabilities are 60 % you win, 40 % you’ll won’t.
• 4 or 10: odds are 6/3 in your favor; probabilities are 66.67 % you win, 33.33 % you’ll won’t.

The downside of lay bets on craps – The vigorish!

While lay betting on craps offer true odds this gives the casino no edge so therefor they collect a vigorish (vig).

Craps Lay Bets Payout Against

To get around this the casino’s take the vigorish which is 5% of all winning bets.

So say you place a lay bet of £40 on 4, and the shooter rolls a 7 then you will win £19. So your £40 pays 1 to 2, which makes £20.

Craps Lay Bets Payout Bet

Craps Come Bet Payout

The “vig is deducted from that amount, so 5% of £20 is £1. Your win will be £19 and you will get £59 back, your winnings and the original £40 staked.