What is a Lay Bet?
A lay bet is a type of wager in craps in which the player bets against the shooter. The player wins if the shooter rolls a 7 or 11, and loses if the shooter rolls a 2, 3, or 12. Lay bets are made on the odds table, and the payout is the same as the payout for a pass bet.
How to Make a Lay Bet
To make a lay bet, the player must first place an equal amount of money on the pass line and the odds. The player then places an additional amount of money on the lay bet, which is equal to the amount of money on the pass line and the odds. For example, if the player bets $10 on the pass line and the odds, the player would also bet $10 on the lay bet. If the shooter rolls a 7 or 11, the player wins both the pass line bet and the lay bet, and the player is paid $20. If the shooter rolls a 2, 3, or 12, the player loses both the pass line bet and the lay bet, and the player loses $20.
Risks and Rewards of Lay Bets
Lay bets are riskier than pass bets because the player must win both the pass line bet and the lay bet in order to win. However, lay bets also offer a higher payout than pass bets. The house edge on lay bets is 1.41%, which is slightly higher than the house edge on pass bets (1.4%). However, the higher payout on lay bets can make them a more profitable bet for players who are skilled at craps.
Strategies for Lay Bets
There are a few strategies that players can use to improve their chances of winning when making lay bets.
- Make lay bets when the shooter is hot. If the shooter has been rolling a lot of 7s and 11s, the odds are in the player’s favor that the shooter will roll another 7 or 11.
- Make lay bets when the dice are cold. If the dice have been rolling a lot of 2s, 3s, and 12s, the odds are in the player’s favor that the shooter will roll another 2, 3, or 12.
- Make lay bets when the point is 4 or 10. The point numbers 4 and 10 are the most difficult for the shooter to roll, so the odds are in the player’s favor that the shooter will roll a 7 or 11 before rolling the point.
Conclusion
Lay bets are a risky but potentially profitable bet in craps. Players who are skilled at craps can use lay bets to their advantage and increase their chances of winning.
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