Craps Difference Between Lay And Buy
- Craps Difference Between Lay And Buying
- Craps Difference Between Lay And Buying A Home
- Craps Difference Between Lay And Buying A House
- Craps Difference Between Lay And Buyer
Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. The formula for the house edge in buy and lay bets is the commission divided by the bet plus commission. In this case, the best bet is to bet $39 for the $1 commission. On the buy bet the house edge would be 1/40 = 2.5%. Assuming you can lay $78 to win $39 on the 4 and 10, and still only pay $1, the house edge would be 1/79=1.27%.
- The reason I encourage craps players to bet on the odds is that it is the cheapest bet on the table and is truly a craps bet. All odds, as well as place, buy, and lay bets win if one number is thrown before another. This is a very fundamental aspect of the game. It only makes sense for the player to make the bet with the lowest house edge.
- See i disagree about buying bets. I usually always buy the 4 and 10 if i can. Say you start with $10 on the 4/10, if the shooter rolls that number again you win $49 (correct me if i am wrong). Sometimes if i am down, i let the shooter roll a 4/10 once to make the money i put down on the number back, then let the house pay for me to buy it. I have won a lot of money buying 4's and 10's.
- The second way to bet against numbers is to use a lay bet. You pay a 5% commission on the bet and the house will then pay you the true odds. None of the lay bets are all that good. Here is how they work: If you want to lay against the 4 or 10, you bet $40 to win $20. The 5% is taken out of $20. Your payment of the vig (commission) is $1.
Craps Basics: Pass/Don't Pass Bets
The long, curving section along the edge of the table closest to where the players stand is called the Pass Line.
'Pass Line' Bets
The most basic craps bet is the Pass Line bet. When you place a Pass Line bet, you're betting with the dice. In other words, you're betting that the either a 7 or an 11 will be the first number rolled (called the 'come out' roll). If this happens, you double your money right away. If a 4, 5, 6, 8, 9, or 10 is rolled, this establishes a 'point.' When a point is set, you want that number to be rolled again, before a 7 is rolled (when the shooter 'sevens out'). If the shooter rolls the point before he rolls a 7, you double your money.
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If the number rolled on the come out roll is a 2, 3, or 12 (called Craps), you lose. If, after a point is established, a 7 is rolled before the point number is rolled again, you also lose.
'Don't Pass' Bets
Placing a Pass Line bet is betting with the dice, and placing a Don't Pass bet is betting against the dice. Pass Line bets are also said to be 'betting right,' while Don't Pass bets are said to be 'betting wrong.' (Not that either is any better or worse a bet than the other -- this is just craps jargon.) Don't Pass bets are just the opposite of Pass Line bets. Rather than hoping for a 7 or an 11 on the come out roll, you're hoping for a 2, 3, or 12 (the losing roll of Pass Line bets). A 2, 3, or 12 will double your money on a come out roll if you've placed a Don't Pass bet. When a point is established, rather than hoping that the point number will be rolled again before the 7 shows up, you're hoping that the point won't be rolled again before the 7 shows up -- if the 7 comes first, you win.
6 and 8: Place bet always better.
5 and 9: Place bet always better, unless commission on Buy is on win only.
4 and 10: Buy bet always better.
What's the norm for commission on Buy in Vegas? Are the mostly uniform? or depends on which casino?
Stratosphere (can combine vig -- eg buy the 4 for $10 and the 10 for $10 total $21 cost up front)
Jerry's Nugget (cannot combine vig)
Joker's Wild (do not know if you can combine vig - but doubt it)
Ellis Island (do not know if you can combine vig - but doubt it)
Automatic buy (EG: $10 pays $19, $15 pays $29) -- least hassle fastest way to do this
Silverton
Red Rock
Palace Station
<others may include Stations properties>
Buy starts at $5.00 with vig on the win (requires verbal request - not automatic - uses $0.25 chips) -- all the Boyd properties downtown -- Hawaiian's favorite
Main Street Station
California Casino
Fremont Casion
Vig on the win starting at $20 to $25 (depends on casino, but most are starting at $20):
Everywhere else
If you bet for a multiple of $20, the buy on the 5 and 9 with vig up front is the same, not worse. But in general the place bet is better because your vig is not rounded up in some cases. Also, if they round down, there may be a slight advantage at $25 and $50 buy bets on the 5 and 9. But NOBODY does it. Or VERY rarely anyway, and dealers and pit crews will likely complain if you ask them about it.
FWIW, check out the bubble craps machines. The rules will vary by property, but at the Plaza, 4Q and Binnion's the vig is charged on the win only. Of course these palces are also limited to 2X on odds.
as a new craps player can someone explain the difference between place and buy? I was playing last week and a guy had a buy chip on top of his bets all of the time. He also tried to pre pay vig once and the dealers were all confused and said they don't do that.
What are the difference if pay outs for each?
Craps Difference Between Lay And Buying
$10 bet on each
4/10 buy vs place
5/9 buy vs place
6/8 buy vs place
I tried to read WoO but it didn't make sense to me.
A PLACE bet involves YOUR choice of a number rather than the dice's choice but YOU pay for that privilege by getting a lower payout on Place bets.
A BUY bet involves YOUR choice of a number rather than the dice's choice AND YOUR choice to be paid the true and correct odds on the bet, which of course they usually only willing to do for a bit more money referred to as a commission. The dealers have their way of handling the commission and the Box and the Eye in the Sky will know what is going on when they see extra money going out because the dealers mark the bet with a little lamer saying 'Buy'.
Physically a buy bet and a place bet are positioned in the same manner, the buy lamer just means if it wins pay him the correct odds since that is what he has purchased with his commission.
When you have vig on the win (most common in Vegas) a buy bet pay different depending on how much you bet it.
$5 buy pays $10 - $1 = $9 (same as place bet)
$10 buy pays $20 - $1 = $19
$15 buy pays $30 - $1 = $29
$20 buy pays $40 - $1 = $39
$25 buy pays $50 - $1 = $49
$30 buy pays $60 - $2 = $58
$35 buy pays $70 - $2 = $68
$40 buy pays $80 - $2 = $78
$45 buy pays $90 - $2 = $88
$50 buy pays $100-$2 = $98
$55 buy pays $110-$3 = $107
$60 buy pays $120-$3 = $117
$65 buy pays $130-$4 = $126
$70 buy pays $140-$4 = $136
$75 buy pays $150-$4 = $146
$80 buy pays $160-$4 = $156
$85 buy pays $170-$5 = $165
$90 buy pays $180-$5 = $175
$95 buy pays $190-$5 = $185
$100 buy pays $200-$5 = $195
To figure out larger sized bets, you divide your bet amount by $100 and look at the pay for n times the $100 ($195 per $100 bet) plus the pay for the remainder.
So a $150 buy bet would pay $195 + $98 = $293
If you're not getting vig on the win (less common) it's not as good of a deal, and vig on the win is most common in Vegas, so this is what you really want to know for the bargains.
You want to generally get paid as much as you can just before the vig goes up. So $25, $50, and multiples of $20 beyond that, meaning $60, $80 and $100. They are going to round up typically on $75 .. not down. But SOME places WILL charge a $3 vig on a $75 buy if you ask them first up front. Most dealers charge $4 vig for a $75 buy.
I hope this helps.
Buy starts at $5.00 with vig on the win (requires verbal request - not automatic - uses $0.25 chips) -- all the Boyd properties downtown -- Hawaiian's favorite
Main Street Station
California Casino
Fremont Casion
These casinos use 25¢ chips? I thought Joker's Wild was the last casino in Vegas to still have them.
If these other casinos do use them, is it only for the buy commission, or can they be used elsewhere?
For example, can I make place bets in fractional units?
Wait a sec...
These casinos use 25¢ chips? I thought Joker's Wild was the last casino in Vegas to still have them.
If these other casinos do use them, is it only for the buy commission, or can they be used elsewhere?
For example, can I make place bets in fractional units?
Craps Difference Between Lay And Buying A Home
Not any more. Joker's Wild no longer uses $0.25 chips. The dealers are ECSTATIC about it too as the dice move about five times faster.
The $0.25 chips at the downtown Boyd Properties are used EXCLUSIVELY for buy bet vig-on-the-win. Verbal request REQUIRED. Nothing else except dealer bets! That is, you can throw a $0.25 hardway for the dealers, and they will book it. But that's it.
Not good for ANYTHING else.
It really is just giving in specifically to the Hawaiians who want to use their buy-four and buy-ten strategies at lower denoms (for practice, really).
I have seen buy bets go to max bets from two players at the same time at the California ($2,000 buy x2 players -- casino paid $8,000 per roll total TWICE).Very unusual for what's always a $5 minimum table with double odds to see that sort of action.
Start out thinking of a PASS LINE bet...
A PLACE bet involves YOUR choice of a number rather than the dice's choice but YOU pay for that privilege by getting a lower payout on Place bets.
A BUY bet involves YOUR choice of a number rather than the dice's choice AND YOUR choice to be paid the true and correct odds on the bet, which of course they usually only willing to do for a bit more money referred to as a commission. The dealers have their way of handling the commission and the Box and the Eye in the Sky will know what is going on when they see extra money going out because the dealers mark the bet with a little lamer saying 'Buy'.
Physically a buy bet and a place bet are positioned in the same manner, the buy lamer just means if it wins pay him the correct odds since that is what he has purchased with his commission.