Craps Place Bets Payouts

• Craps Place Bet Payouts
• Craps Payout Odds
• Craps Odds Betting
• Craps Place Bets Payouts

This post is necessary for the Real Craps Game video that will come this Thursday.

A few people have asked about more high stakes videos. Well, this Thursday, I will be posting a high stakes craps game that involves put bets. At first, I was going to do another high stakes video involving pass line+odds or come+odds. When it comes to high stakes bets, I refuse to give up too much advantage to the house. The problem with the RoadGambler method of play is that I've already done it three times on video; it was time for something new.

At the same time, as few people on various Facebook groups were asking about put bets. That's where I hatched the idea of a put bet video.

It is time to put out another high stakes game while also answering the question of, ‘what is a put bet?'

• Place bets are wagers that a 4, 5, 6, 8, 9, or 10 will roll before the number 7 rolls. The 4, 5, 6, 8, 9, and 10 are known as ‘box numbers'. They're called box numbers because on the craps layout, the numbers are literally in an area that is box-shaped as seen in the pic above.
• The Small, Tall, and All Bets are a popular series of wagers that casinos began offering a few years ago. Because these bets can be made in $1 increments and have huge payouts, even disciplined craps players are known to place these wagers at times. In fact, the assembled gamblers often keep track of these bets when this wager has been placed.
• If you are the shooter, then you will have place a bet before the action starts. Your standard bet shall be to wager on the pass line, whereby you can pass or don't pass as the two fundamental outcomes. As the shooter, a pass shall qualify as rolling a 7 or 11 and you will receive a 1/1 payout.
• The payouts on the Place 4 and Place 10 are 9:5, while the house edge is 6.67%. That is a bad bet. The payouts on the Place 5 and Place 9 bets are 7:5, while the house edge is 4.00%. That's better than the previous wagers, but still not good compared to other craps bets. The payouts on the Place 6 and Place 9 bets are 7:6, while the house edge is 1.52%.

For the very short and simple explanation, skip to the very end.

WHAT IS A PUT BET?

PAYOFF ON THE PLACE BETS. Place bet on 4 or 10. Every $5 increment will pay $9; For example, if the bettor bets $10, the payout will be $18. The reason why the ‘buy' is better is because if the place bet on the 4 or 10 is $20, then the payout will be $36; however, a buy bet of $20+1 will pay $40.

A put bet is simply a pass + odds or come + odds combination where the player gives up the advantage of the come out roll. That's all there is to it.

Here is a pic from the upcoming game. This is $5250 worth of put bets. Like I said, it's going to be a high stakes game with yours truly playing it out for your entertainment.

For reference, the pass line or come bet portion of the bet is known as the ‘flat' because it pays even money.

Here is a close up that breaks up and shows the flat and odds part of the bet…

With standard pass+odds and come+odds betting, the player has a 2 – 1 advantage on the flat bet on the come out roll. On a put bet, the player gives up this advantage.

Reasons why Players May Prefer Put Bets

Players typically prefer put bets (over pass+odds or come+odds) for the same reason players prefer place bets.

Some players hate to see numbers rolled and not be paid.

Also, with a put bet, the player can select which number to bet and ‘put' that number. Players who believe in ‘trends' value the ability to select the number as a great advantage.

With a come bet, the player does not select the number; rather the dice selects the number.

WHEN TO USE PUT BETS OVER PLACE BETS

The following is the break even point for a put bet and place for each point is as follows.

• Point of 6 or 8, 5x odds
• Point of 5 or 9, 4x odds
• Point of 4 and 10…

• —If the commission is paid after the win, the player needs 19x
• —If the commission is paid before the win, the the player needs only 6x odds

(source: Wizard of Odds)

Note that the above is only true if the player has his or her odds working 100% of the time. If the player does not work the odds 100% of the time, the multiplier is higher.

Here is what I mean by the ‘break even point'…

On a place bet of 6 or 8, a $30 win on either number pays $35

On a put bet of 6 or 8, a $30 win on either number also pays $35.

Both bets pay exactly the same amount.

On a put bet of 6 or 8, the $30 bet is broken down into $5+$25. In such a bet, the flat pays $5 and the odds pay $30, for a total of $35. Remember that for this break even point to be true, the odds must work 100% of the time.

Example of Why a Put Bet Can be Better than a Place Bet

Let's say the point is 6.

• —win will pay $70

• Put bet of $60, which is broken into $5 + $55 (11x odds)

• —the payout on a win will be $5 on the flat and $66 on the odds, for a total of $71

So on the same bet, the player wins an extra $1 for the same win-loss conditions as a place bet.

Let's use a higher multiplier than 11x. Let's assume the player is a high roller and plays on a 100x max odds table.

• —a win will pay $700

• put bet of $600, which is broken into $10 + $590 (59x odds)

• —the payout on a win will be $10 on the flat and $708 on the odds, for a total of $718

So on the same $600 bet, the player wins an extra $18 for the same win-loss conditions as a place bet.

Let's do another example with another point.

Point of 5

• —win will pay $140

• put bet of $100, which is broken into $10 + $90 (9x odds)

• —the payout on a win will be be $10 on the flat and $135 on the odds, for a total of $145

So on the same $100 bet, the player wins an extra $5 for the same win-loss conditions as a place bet.

Let's use a higher multiplier for the same point of 5. Let's assume the player is a high roller and plays on a 100x max odds table.

Point is 5

• —win will pay $700

• put bet for $500, which is broken into $10 + 490 (49x odds)

• —the payout on a win will be $10 on the flat and $735 on the odds, for a total payout of $745

So on the same $500 bet, the player wins an extra $45 for the same win-loss conditions as a place bet. This means the player receives an extra $45 for doing nothing more than ‘knowing'.

This is another reason why 100x tables are so powerful. Many players argue that 100x odds games have no inherent advantage because, in the end, the 100x bettor and the $5 low roller will have the same, realized loss. But a 100x max odds table allows for players to ‘put' higher odds, which results in winning extra money for doing nothing more than having knowledge.

Why It's Important to Know the Break Even Multiplier

If you go below the break even multiplier, you are better off placing the number.

The following is an example of why…

Point is 5

• —win will pay $42

• put bet for $30, which is broken into $10 + $20 (2x odds)

• —the payout on a win will be $10 on the flat and $30 on the odds, for a total payout of $40

So on the same $30 bet, the player loses $2 on the put bet because the multiplier was not high enough. That's why it's important to know the break even multiplier.

If you are in doubt, then go with this imperfect rule across the board: your odds must be at least 5x in the points of 5, 6, 8, and 9 and do not put the 4 and 10. It's not a perfect rule, but it will prevent you from losing too much.

HOW TO MAKE A PUT BET

To play the put bet, tender your chips in the same way you would tender your chips for a place bet and say that you want to put the number.

The result of you saying ‘put' is that the position and stacking of your chips should look like a come bet.

You can put multiple points. If you put multiple points, it would avoid confusion (and is polite to the dealer) to cut out your individual puts first. For example, if you're placing 6 and 8, you can just tender $120 in one stack.

But if you put 6 and 8 for $50 each, cut your chips into two $50 stacks.

WARNING: if your bet is positioned and stacked like a place bet, then it's a place bet. You will be shorted on the payout if you do not verify that it is a put and not a place bet. Just for reference, here is what your put bet positioning should look like…

To make sure, ask your friendly dealer, is that a ‘put bet or a place bet?' I generally do not like yes or no questions in this case because the casino environment can be loud.

DOWNSIDE TO THE PUT BET

There are three major downsides to the put bet.

The first downside is that sometimes dealers are not familiar with put bets, and here can be confusion about what to do. You will see an example of this a couple of times in the put bet videos.

The second downside is that many casinos, where it would be advantageous to use put bets, do not allow put bets. That's really the main problem with put bets. They're hard to find.

The third problem is that put betting requires a rather stout bankroll to play for any period of time. Players on a limited bankroll – such as $100 – are not going to be able to use put bets, unless they want to have a very short stacked bankroll.

• —a win will pay $700

• put bet of $600, which is broken into $10 + $590 (59x odds)

• —the payout on a win will be $10 on the flat and $708 on the odds, for a total of $718

So on the same $600 bet, the player wins an extra $18 for the same win-loss conditions as a place bet.

Let's do another example with another point.

Point of 5

• —win will pay $140

• put bet of $100, which is broken into $10 + $90 (9x odds)

• —the payout on a win will be be $10 on the flat and $135 on the odds, for a total of $145

So on the same $100 bet, the player wins an extra $5 for the same win-loss conditions as a place bet.

Let's use a higher multiplier for the same point of 5. Let's assume the player is a high roller and plays on a 100x max odds table.

Point is 5

• —win will pay $700

• put bet for $500, which is broken into $10 + 490 (49x odds)

• —the payout on a win will be $10 on the flat and $735 on the odds, for a total payout of $745

So on the same $500 bet, the player wins an extra $45 for the same win-loss conditions as a place bet. This means the player receives an extra $45 for doing nothing more than ‘knowing'.

This is another reason why 100x tables are so powerful. Many players argue that 100x odds games have no inherent advantage because, in the end, the 100x bettor and the $5 low roller will have the same, realized loss. But a 100x max odds table allows for players to ‘put' higher odds, which results in winning extra money for doing nothing more than having knowledge.

Why It's Important to Know the Break Even Multiplier

If you go below the break even multiplier, you are better off placing the number.

The following is an example of why…

Point is 5

• —win will pay $42

• put bet for $30, which is broken into $10 + $20 (2x odds)

• —the payout on a win will be $10 on the flat and $30 on the odds, for a total payout of $40

So on the same $30 bet, the player loses $2 on the put bet because the multiplier was not high enough. That's why it's important to know the break even multiplier.

If you are in doubt, then go with this imperfect rule across the board: your odds must be at least 5x in the points of 5, 6, 8, and 9 and do not put the 4 and 10. It's not a perfect rule, but it will prevent you from losing too much.

HOW TO MAKE A PUT BET

To play the put bet, tender your chips in the same way you would tender your chips for a place bet and say that you want to put the number.

The result of you saying ‘put' is that the position and stacking of your chips should look like a come bet.

You can put multiple points. If you put multiple points, it would avoid confusion (and is polite to the dealer) to cut out your individual puts first. For example, if you're placing 6 and 8, you can just tender $120 in one stack.

But if you put 6 and 8 for $50 each, cut your chips into two $50 stacks.

WARNING: if your bet is positioned and stacked like a place bet, then it's a place bet. You will be shorted on the payout if you do not verify that it is a put and not a place bet. Just for reference, here is what your put bet positioning should look like…

To make sure, ask your friendly dealer, is that a ‘put bet or a place bet?' I generally do not like yes or no questions in this case because the casino environment can be loud.

DOWNSIDE TO THE PUT BET

There are three major downsides to the put bet.

The first downside is that sometimes dealers are not familiar with put bets, and here can be confusion about what to do. You will see an example of this a couple of times in the put bet videos.

The second downside is that many casinos, where it would be advantageous to use put bets, do not allow put bets. That's really the main problem with put bets. They're hard to find.

The third problem is that put betting requires a rather stout bankroll to play for any period of time. Players on a limited bankroll – such as $100 – are not going to be able to use put bets, unless they want to have a very short stacked bankroll.

Addendum:

Reader Henry S. asked two great questions about the put bet that requires me to add this downside, especially if you're the type of player who likes to move his or her place bet around.

The put bet is treated exactly like a pass+odds and come+odds combo. The player can call off or take down the odds portion of the bet, but the flat is a contract bet.

Similarly, if the player wishes to move their put bet number to another number, the player must pay for the flat portion of the new number. The ‘old' number would then have a name flat bet with no odds, and the player would play it out as it it had no odds.

Without spoiling too much of what is to come in the videos, you will see this in action in Part 2. It will become very clear.

ROADGAMBLER THOUGHTS ON THE PUT BET

I prefer pass and come bets to the put bet.

Mathematically, pass and come + odds are still a better play. For the players who absolutely insist on the place bet, if the casino allows put bets, and the player is playing high enough of a multiplier, there is little reason to not use the put bet.

TL;DR

Put bets are simply the pass+odds or come+odds combination bet where the player foregoes the come out roll. The bet is paid exactly like how a pass+odds or come+odds would be paid.

The casino has the advantage on the flat bet portion of the put bet, but on the odds portion of the put bet, there is no house edge.

That's it!

If you're still confused, you will be able to watch actual putt bets in action this coming Thursday.

In the meantime, if you have any questions or comments, feel free to drop them in the comment section below.

Posted in: Craps, Gambling

Craps payouts and craps true odds are essential for players who are eager not only to enjoy a few sessions of this dice game but who also wish to win some cash. However, not all players are experts when it comes to the math behind odds and craps payouts. Happily, understanding odds, payouts and your chances to win is not as difficult and challenging as it sounds.

Craps is a game of luck and players cannot apply complicated strategies, but this game requires serious calculations that will help gamers determine the best craps payouts available. It may seem a bit confusing at first, but players should know how to calculate craps odds payouts so that they can spot the top bets and get as much as possible from the game.

Below you can find a detailed guide to craps odds and payouts that will hopefully allow you to get familiar with the numbers and understand how craps payouts work. It's a great practice to have a great craps winning strategy before you start betting. But before we proceed to that, we will take a look and explain some of the basic craps terms because we know that not all players are experienced experts and need some explanations and clarifications.

• Craps true odds

  players use this term to define the calculated odds that participants in a game of craps will win or lose depending on the bet they place. The amount of cash you bet does not affect the odds. However, the amount of the bet has an influence on the craps payouts. Play gold coins.

• Bet

  this is the wager that players make during a game of craps on the table.

• Craps payouts

  the payouts are the cash you get if your bet wins. If your bet amounts $5 and the payout is 1/1, you will get extra $5 beside the money you have gambled.

• House edge

  the house edge is a percentage that demonstrates the percent over the even odds that the casino holds. Typically, this figure shows the possibility of the house to win a particular bet.

How to Calculate Craps Payouts Efficiently for Profitable Wins

All players who decide to participate in a dice game should know the craps true odds. However, if a player wants to be aware of their chances to win, they should first know how often a dice roll may appear in the game. The primary focus of craps is the number seven, and there is a simple explanation of this fact – players hit this number more often than other numbers. Online casinos have made detailed calculations and have figured the odds for all rolls, so old and new online gambling operators are perfectly aware of the advantage they have over gamblers for each wager.

Craps Place Bet Payouts

Each dice has a total of six sides, which means there are six values. In a game of craps, the players throw two dice, saying that twelve different results can come out of a single roll of the dice. However, if you consider this more carefully, you will realise there are thirty-six possibilities. When you play craps, you should take into account all possible combinations of numbers when you calculate the craps odds and payouts.

Here we will discuss the different craps odds payouts starting from the two numbers that are the hardest to throw: two and twelve. There is only one combination of the two dice that can result in these figures, namely 1 and 1, and 6 and 6. Thus, the craps true odds for two and twelve are 1:36. As it is evident from the odds, the craps payouts are higher when the number is harder to roll.

The next couple of figures based on the possibilities to come out as a result of a roll are three and eleven. These two numbers can come out of two different combinations of the dice, and this means the odds for three and eleven are 1:18. The player can hit for and ten with three combinations of the dice, so the odds here are 1:12.

There are four separate combinations to throw five and nine, so the odds for these two numbers are 1:9. The outcome of six and eight can be achieved in five possible combos, which means the odds are 1:7.

Let us carefully examine the number seven which is the easiest the roll. There are six various ways to throw seven using two dice, like in street craps, and the calculations say that the odds for going seven are 1:6. How did we calculate the craps payouts and odds for this number? Number seven can come out in three separate ways: one plus six, two plus five and three plus four. To calculate the craps payouts and odds for this number, we multiply the three by two (the two dice that players use in the game), and the result we get is six. Thus, the odds are 1:6 and seven is the most frequent number that comes up in craps games.

How to convert the chance to roll a particular number into odds?

Odds are the number of probabilities that something does not happen as opposed to the number of possibilities that it happens. Let us illustrate this with number seven again. In this case, there are five rolls that are not seven.

It may seem a bit confusing how to define the odds for each number that may come up as a combo of the two dice. However, the example and information above will surely help you understand how to calculate odds in craps. Knowing the odds is essential because this info allows you to determine the craps payouts you may expect from a particular game of craps. Players should take into account that the odds vary for the different numbers that they roll. If you are aware of the different odds, you will be able to make a proper decision whether to increase or reduce the stake on a particular bet. Here is a simple formula that will help you calculate your chances to hit a specific number: just divide the number of likely results by the amount of total results (it equals 36). Thus, the opportunity to throw seven is 6/36 x 100 = 16.6%.

To conclude, we should say that although it seems challenging and difficult to calculate craps true odds, the process is rather simple and straightforward. Keeping it easy, you should start by defining the total number of possible results, which in the case of craps is thirty-six because players use two dice.

As mentioned before, players have just one way to hit two and twelve – rolling one on each of the two dice for a 2, and hitting six on each dice for a 12. Thus, as we have a total of thirty-six combos and just one of these combos can be 2, the probability to roll two is one out of thirty-six. If we need to define this it terms of odds, this means that the odds are thirty-five to one. Then, there are two combos to throw 3, i.e. rolling one and two, or hitting two and one, meaning that the possibility to run 2 is two out of 36 or one out of 17. In odds, this means seventeen to one.

Now you are familiar with the basic math behind craps payouts and odds, and you know how to calculate the odds and the probabilities to win. Below we will discuss the house edge and its influence on the payouts for craps.

House Edge and Payouts for Craps

The term house edge defines the difference between the craps payouts that the casino pays and the craps true odds. Thus, in case a given gambling provides pays $30 for a $1 wager for rolling number two, the casino will have a profit as the true odds for this figure are 35:1. In the case of a break-even bet the casino should pay $35 and refund the dollar for the wager. However, if there are only break even bets, casinos would not be able to have any profits, and there would be no functioning gambling establishments.

Players should know the house edge and the craps odds payouts so that they can select better wagers, i.e. the bets with reduced house edge. It is essential for players to keep in mind that the house edge varies for the different types of bets.

How to Spot the Best Payouts for Craps

When a player is eager to play craps, they certainly wish to spot the best craps payouts and the most favourable odds. Typically, online casinos offer better odds, which means their craps pay outs are higher and players can win more cash than in offline gambling establishments. Online casino operators provide a great variety of games alongside with top craps odds and payouts, so gamblers have the chance to get significant cash winnings.

However, there are multiple casinos in the Internet and players may not be sure how to spot the best establishments and the most favourable craps odds payouts. There are some factors you need to consider before you select a new online casino to play craps.

Players should always choose reliable web casinos that offer full protection of individual details through a trusted encryption. The Internet gambling provider should offer a wide selection of games and mobile support so that players can find the most suitable options. Gamblers also need to check the payout percentages before they proceed to play. Get a close look at the craps true odds and craps payouts that the casino offers to avoid frustrating misunderstandings and headaches. It is essential to play at a casino that process payouts within a reasonable time frame, i.e. two or three days. Look for gambling providers that accept multiple payment alternatives, such as bank transfers, debit cards, checks, credit cards, and Internet wallets.

Now you may wonder why online casinos can offer better craps payouts than the traditional establishment. The explanation is simple – gambling operators who function on the Internet are not restricted to a particular place, and this allows them to provide any number of games. Thus, the range of featured games is huge and craps payouts are better in online casinos.

In contrast, online casinos do not have the same restrictions, and this means they can offer more variations of a single game. Thus, while a live casino will pick one or two variants of blackjack (often based on their personal preferences), an internet gaming room will often have a variety of different games.

Traditional offline establishments may offer a restricted number of games and variations because they have limited space. Also, live casinos have to follow particular requirements enforced by the local gambling authorities, which may also affect the variety of games they offer.

Internet casinos do not have to comply with all these factors, so they have great freedom and can provide much better craps odds payouts to their players. Thus, if you are looking for a chance to win big cash playing craps, it is wiser to select an online establishment where the craps odds and payouts are much better.

Online Casinos With The Best Payouts

Frequently Asked question About Craps Payouts

What is a good payout percentage?

For online casinos, favourable payout varies from ninety-seven percent and over. If you spot a rate ranging between 98 and 99, you have found the best payouts for craps on the Internet.

What do we call a payout percentage?

The payout rate is the total sum of cash that players put in bets at a particular gambling operator that then the casino pays back to the gamblers in the shape of winnings. Naturally, if the percentage is bigger, the number of people who win will be higher than in the case of a lower ration. Plus, you have better chances to get out on top of the list of winners.

What are the highest craps payouts I can expect?

Players should always look for gambling operators that offer the highest possible payouts for craps. Any percentage over ninety-seven is good, but you can expect to get craps payouts as high as 98 to 99 in rare cases. Such returns would be outstanding and unquestionably deserve the attention of gamblers.

Craps Payout Odds

What is the time to process payouts for craps?

The time varies, starting as short as twenty-four hours up to ten days. The speed at which online casinos process payments depends on multiple factors, such as the payment option you use, the platform of the casino, and their payment policy. However, it should generally take between one or three days, so our recommendation is to select online casinos that manage to proceed craps payouts within this time frame.

Do casinos set a minimum sum that players have to withdraw?

Craps Odds Betting

Most online casinos fix such amount of payout, but this depends on the gambling provider and their conditions. However, even if there is a requirement for a minimal amount to withdraw, the sum will probably be little. It is a good idea to check the conditions of the casino before you start playing craps and need to withdraw your craps payouts.

Will a withdrawal affect craps payouts?

Again, this depends on the individual casino and the payment option you use. Some of the acceptable payment options require more time to proceed your craps payouts while others are much faster. However, players should get familiar with these conditions and select the most suitable payment approach to withdrawing their payouts for craps.

Craps Place Bets Payouts

Even though playing craps does not rely on some complicated strategy and luck plays an essential role in these games, it is crucial that players understand what craps odds and payouts are. Being able to calculate the craps payouts and knowing the math behind odds and probabilities to win gives you the chance to register a winning and to get significant cash when you play your top favored dice game. Hopefully, our comprehensive guidance in the field of payouts and odds is useful and will clear the situation for you, so that your play get even more fruitful and profitable.