**What Does Lay Mean in Craps?** In the game of craps, a lay bet is a wager that the next roll of the dice will be less than a certain number. The number on which you are betting is called the "lay number". The payout for a lay bet is the same as for a come bet, which is 1:1. However, the odds of winning a lay bet are lower than the odds of winning a come bet, because the probability of rolling a number less than the lay number is lower than the probability of rolling a number greater than or equal to the come number. To make a lay bet, you would place your chips on the "lay line" on the craps table. The lay line is located directly below the come line. The amount of your bet will be determined by the size of the lay number.…