Lay Odds Craps: A Comprehensive Guide
Lay odds craps is a betting strategy in which the player wagers against the shooter, or person who rolls the dice. The player wins if the shooter rolls a 2, 3, or 12 (a “craps out”). The player loses if the shooter rolls a 7 or 11 (a “natural”).
How to Play Lay Odds Craps To play lay odds craps, the player must first make a pass line bet. This is a bet that the shooter will roll a 7 or 11 on their first roll. If the shooter does roll a 7 or 11, the pass line bet wins and the lay odds bet is returned. If the shooter rolls a 2, 3, or 12, the pass line bet loses and the lay odds bet is also lost. If the shooter rolls any other number on their first roll, the pass line bet is “off” and the lay odds bet becomes active. This means that the player can now wager on the shooter to roll a 2, 3, or 12. The odds on these bets are 2 to 1, 3 to 1, and 15 to 1, respectively. If the shooter rolls a 2, 3, or 12, the lay odds bet wins and the player is paid out at the respective odds. If the shooter rolls any other number, the lay odds bet is lost.
Advantages and Disadvantages of Lay Odds Craps Lay odds craps is a relatively simple betting strategy that can be profitable in the long run. However, there are also some disadvantages to consider. Advantages:
- Lay odds craps offers a low house edge of 1.41%. This is lower than the house edge on most other craps bets.
- Lay odds craps can be used to hedge against a pass line bet. This can be helpful if the shooter is showing a hot streak.
- Lay odds craps can be used to increase the potential payout on a winning bet. Disadvantages:
- Lay odds craps can be a costly bet if the shooter rolls a 7 or 11.
- Lay odds craps is not available at all craps tables.
- Lay odds craps can be difficult to understand for new players.
When to Use Lay Odds Craps Lay odds craps is a good strategy to use when the shooter is showing a hot streak. This is because the odds of the shooter rolling a 7 or 11 decrease as the shooter rolls more consecutive numbers. Lay odds craps can also be a good strategy to use if you are looking to hedge against a pass line bet. This is because the lay odds bet will win if the shooter rolls a 2, 3, or 12, which would otherwise result in a loss on the pass line bet.
Conclusion Lay odds craps is a betting strategy that can be used to increase the potential payout on a winning bet. However, it is important to understand the risks involved before using this strategy.
Related Topics
- Craps
- Pass line bet
- Come bet
- Don’t come bet
- Hard way bets
- Place bets
- Proposition bets
- Odds bets
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