all craps bets

Craps is a thrilling and fast-paced casino game that offers a variety of betting options. Understanding all the craps bets can be daunting for beginners, but with this guide, you’ll be well-equipped to navigate the table. Here’s a breakdown of all the craps bets you can make. 1. Pass Line Bet Description: The most fundamental bet in craps. Rules: Wins if the shooter rolls a 7 or 11 on the come-out roll. Loses if a 2, 3, or 12 is rolled. If a 4, 5, 6, 8, 9, or 10 is rolled, that number becomes the point, and the shooter must roll that number again before rolling a 7 to win.

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Table of contents

Source

all craps bets

1. Pass Line Bet

Description: The most fundamental bet in craps.
Rules: Wins if the shooter rolls a 7 or 11 on the come-out roll. Loses if a 2, 3, or 12 is rolled. If a 4, 5, 6, 8, 9, or 10 is rolled, that number becomes the point, and the shooter must roll that number again before rolling a 7 to win.
Odds: 1:1

2. Don’t Pass Bet

Description: The opposite of the Pass Line bet.
Rules: Wins if the shooter rolls a 2 or 3 on the come-out roll. Loses if a 7 or 11 is rolled. If a 12 is rolled, it’s a push (tie). If a 4, 5, 6, 8, 9, or 10 is rolled, that number becomes the point, and the shooter must roll a 7 before rolling the point to win.
Odds: 1:1

3. Come Bet

Description: Similar to the Pass Line bet but can be made after the point is established.
Rules: Wins if the next roll is a 7 or 11. Loses if it’s a 2, 3, or 12. If a 4, 5, 6, 8, 9, or 10 is rolled, that number becomes the come point, and the shooter must roll that number again before rolling a 7 to win.
Odds: 1:1

4. Don’t Come Bet

Description: The opposite of the Come bet.
Rules: Wins if the next roll is a 2 or 3. Loses if it’s a 7 or 11. If a 12 is rolled, it’s a push. If a 4, 5, 6, 8, 9, or 10 is rolled, that number becomes the come point, and the shooter must roll a 7 before rolling the come point to win.
Odds: 1:1

5. Place Bets

Description: Betting on a specific number (4, 5, 6, 8, 9, or 10) to be rolled before a 7.
Rules: The bet wins if the chosen number is rolled before a 7.
Odds:
- 4 or 10: 9:5
- 5 or 9: 7:5
- 6 or 8: 7:6

6. Buy Bets

Description: Similar to Place bets but with a 5% commission on the bet amount.
Rules: The bet wins if the chosen number is rolled before a 7.
Odds:
- 4 or 10: 2:1
- 5 or 9: 3:2
- 6 or 8: 6:5

7. Lay Bets

Description: The opposite of Buy bets. Betting that a 7 will be rolled before a specific number.
Rules: The bet wins if a 7 is rolled before the chosen number.
Odds:
- 4 or 10: 1:2
- 5 or 9: 2:3
- 6 or 8: 5:6

8. Field Bets

Description: A one-roll bet on the next roll being a 2, 3, 4, 9, 10, 11, or 12.
Rules: Wins if any of the numbers in the field are rolled. Loses if a 5, 6, 7, or 8 is rolled.
Odds:
- 3, 4, 9, 10, or 11: 1:1
- 2 or 12: 2:1 (depending on the casino)

9. Big 6 and Big 8 Bets

Description: Betting that a 6 or 8 will be rolled before a 7.
Rules: The bet wins if the chosen number is rolled before a 7.
Odds: 1:1

10. Hardway Bets

Description: Betting that a specific number (4, 6, 8, or 10) will be rolled as a pair (e.g., 2+2 for a hard 4) before a 7 or any other combination.
Rules: The bet wins if the chosen number is rolled as a pair before a 7 or any other combination.
Odds:
- Hard 4 or 10: 7:1
- Hard 6 or 8: 9:1

11. One Roll Bets

Description: Bets that are decided on the next roll only.
Examples:
- Any Craps: Wins if a 2, 3, or 12 is rolled. Odds: 7:1
- Any 7: Wins if a 7 is rolled. Odds: 4:1
- Horn Bet: A combination of the 2, 3, 11, and 12. Odds vary.

12. Proposition Bets

Description: Various one-roll bets on specific numbers or combinations.
Examples:
- Craps 2 or 12: Wins if a 2 or 12 is rolled. Odds: 30:1
- Craps 3 or 11: Wins if a 3 or 11 is rolled. Odds: 15:1

Understanding these bets will give you a solid foundation to play craps confidently. Remember, the more complex the bet, the higher the house edge, so it’s essential to choose your bets wisely. Enjoy the game and good luck!

all craps bets

mastering the art of craps: a first-person guide to winning strategies

Craps is one of the most thrilling and dynamic games in the casino, known for its fast-paced action and the communal atmosphere it creates. However, mastering the art of craps requires more than just luck; it demands a strategic approach. Here’s a first-person guide to some winning strategies that can help you navigate the table with confidence.

Understanding the Basics

Before diving into strategies, it’s crucial to understand the fundamental rules of craps:

The Come Out Roll: This is the first roll of the dice in a new game. The shooter is trying to establish a point.
The Point: If the shooter rolls a 4, 5, 6, 8, 9, or 10, that number becomes the point. The shooter must roll the point again before rolling a 7 to win.
Natural: Rolling a 7 or 11 on the come-out roll wins immediately.
Craps: Rolling a 2, 3, or 12 on the come-out roll loses immediately.

Essential Betting Strategies

1. The Pass Line Bet

Description: This is the most basic and popular bet in craps. You win if the shooter rolls a 7 or 11 on the come-out roll, and lose if they roll a 2, 3, or 12.
Strategy: Always place a pass line bet. It has a low house edge (1.41%) and is a good starting point for beginners.

2. The Don’t Pass Bet

Description: This is the opposite of the pass line bet. You win if the shooter rolls a 2 or 3 on the come-out roll, and lose if they roll a 7 or 11. A 12 results in a push.
Strategy: This bet has a slightly lower house edge (1.36%) than the pass line bet. It’s a good option if you prefer a more conservative approach.

3. The Come Bet

Description: This bet is similar to the pass line bet but can be made after the point is established. You win if the next roll is a 7 or 11, and lose if it’s a 2, 3, or 12.
Strategy: Use this bet to diversify your wagers after the point is set. It’s a good way to increase your chances of winning without increasing the house edge significantly.

4. The Don’t Come Bet

Description: This is the opposite of the come bet. You win if the next roll is a 2 or 3, and lose if it’s a 7 or 11. A 12 results in a push.
Strategy: Similar to the don’t pass bet, this is a more conservative option that can be used after the point is established.

Advanced Betting Techniques

1. Taking or Laying Odds

Description: After a point is established, you can take odds on your pass line or come bet, or lay odds on your don’t pass or don’t come bet.
Strategy: Taking or laying odds reduces the house edge significantly. Always take full odds on your pass line or come bet to maximize your potential winnings.

2. Place Bets

Description: You can place bets on specific numbers (4, 5, 6, 8, 9, 10) to win if that number is rolled before a 7.
Strategy: Place bets on the 6 and 8, as they have the lowest house edge among the place bets.

3. Proposition Bets

Description: These are one-roll bets on specific outcomes, such as rolling a 2, 3, 11, or 12.
Strategy: Avoid proposition bets as they have high house edges and are generally not profitable in the long run.

Managing Your Bankroll

1. Set a Budget

Strategy: Determine how much you’re willing to lose before you start playing. Stick to this budget to avoid significant losses.

2. Use a Betting System

Strategy: Consider using a simple betting system like the Martingale or the Paroli system to manage your bets. However, be aware of the risks associated with each system.

3. Take Breaks

Strategy: Regularly take breaks to avoid getting caught up in the excitement and making impulsive bets.

Mastering the art of craps involves understanding the rules, employing effective betting strategies, and managing your bankroll wisely. By following these guidelines, you can increase your chances of winning and enjoy the thrill of the game with a strategic edge.

mastering the art of craps: a first-person guide to winning strategies

how to place a lay bet on betfair

Introduction

Betfair is one of the world’s leading online betting exchanges where you can place bets against other bettors rather than traditional bookmakers. A lay bet allows you to back a bet, essentially becoming the opposing side in the bet. This article will guide you through the process of placing a lay bet on Betfair.

What is a Lay Bet?

A lay bet is similar to a back bet but from the opposite perspective. You’re taking the side against which your fellow punters believe a particular outcome will occur. It means you expect the other side to win, and you’re laying odds on that belief.

Creating an Account

Before placing any bets on Betfair, you need to have an account with them. Here’s how:

1. Visit the Website

Go to www.betfair.com and sign up for a new account if you haven’t already done so.

2. Download Their App or Use Mobile Web

Betfair has mobile apps available for both iOS and Android devices, allowing you to place bets on the go. Alternatively, you can use their mobile website on your smartphone.

Navigating Betfair

Once you have an account, here’s how you navigate through placing a lay bet:

1. Log In

2. Find Your Event

Select the sporting event or market where you wish to place a lay bet. This can be accessed via the “Sports” tab on Betfair.

Placing a Lay Bet

Here’s how to actually place a lay bet:

1. Choose Your Market

Select the specific market within your chosen event that interests you. For example, if you’re interested in football, choose ‘Match Odds.’

2. Select Back or Lay

Click on either “Back” or “Lay.” Since you want to learn how to place a lay bet, click on “Lay.”

3. Enter Stake and Odds

Set the stake (the amount of money) and odds for your lay bet. The odds are displayed in decimal format, so ensure you understand how to read these before proceeding.

4. Confirm Your Bet

After setting the stake and odds, review your choices on the confirmation page to make sure everything is correct. Then click “Place Bet” to finalize your lay bet.

Tips for Placing a Lay Bet

Here are some tips to keep in mind when placing a lay bet:

Understand Odds: Knowing how odds work and how they change over time will help you make informed decisions.
Risk Management: Remember that every bet carries risk. It’s crucial to set a budget and stick to it.
Market Movement: Keep an eye on market movements and changes in odds, as this can impact your lay bet.

Placing a lay bet on Betfair involves understanding how the platform works, creating an account, navigating through the website or app, selecting the event and market you’re interested in, and finally confirming your bet with the appropriate stake and odds. Remember to always manage your risk and keep up-to-date with market trends for informed decision-making.

how to place a lay bet on betfair

how to calculate lay bet winnings

Lay betting is a popular strategy in sports betting, particularly in football, where bettors bet against a particular outcome. This article will guide you through the process of calculating your lay bet winnings, ensuring you understand the mechanics and potential returns.

Understanding Lay Betting

Before diving into the calculations, it’s essential to understand what lay betting entails:

Lay Betting: This involves betting against an outcome. For example, in a football match, you might lay a bet that a specific team will not win.
Betting Exchange: Lay bets are typically placed on betting exchanges, where bettors can act as both the bookmaker and the punter.

Key Terms in Lay Betting

To calculate lay bet winnings, you need to be familiar with the following terms:

Lay Stake: The amount of money you are willing to risk.
Backer’s Stake: The amount of money the person backing the bet is willing to risk.
Lay Odds: The odds at which you are laying the bet.
Liability: The potential loss you face if the bet wins.

Steps to Calculate Lay Bet Winnings

1. Determine the Lay Stake

The lay stake is the amount you are willing to risk. This is the amount you will win if the outcome you are laying against does not occur.

2. Calculate the Liability

The liability is the amount you stand to lose if the bet wins. To calculate the liability:

Formula: Liability = Lay Stake * (Lay Odds - 1)

3. Calculate the Potential Winnings

If the outcome you laid against does not occur, you win the backer’s stake. The potential winnings are:

Formula: Potential Winnings = Lay Stake

4. Example Calculation

Let’s consider an example to illustrate these calculations:

Lay Stake: £100
Lay Odds: 3.0

Step 1: Determine the Lay Stake
Lay Stake = £100

Step 2: Calculate the Liability
Liability = £100 * (3.0 - 1) = £100 * 2 = £200

Step 3: Calculate the Potential Winnings
Potential Winnings = £100

Summary

Calculating lay bet winnings involves understanding the lay stake, liability, and potential winnings. By following the steps outlined above, you can accurately determine your potential returns and losses in lay betting.

Lay Stake: The amount you risk.
Liability: The potential loss if the bet wins.
Potential Winnings: The amount you win if the outcome does not occur.

Understanding these calculations will help you make informed decisions and manage your betting strategy effectively.

how to calculate lay bet winnings

Frequently Questions

How can I understand and play all types of craps bets?

Understanding and playing all types of craps bets involves learning the game's rules and various wager options. The basic bets include Pass Line, Don't Pass Line, Come, and Don't Come, which are straightforward and offer even money payouts. More complex bets like Field, Place, and Proposition bets have different odds and payouts. Field bets cover specific numbers and pay double on 2 or 12. Place bets allow you to wager on specific point numbers, paying out at varying odds. Proposition bets, such as Any Craps or Hard Ways, are single-roll bets with higher payouts but lower probabilities. Mastering these bets requires practice and understanding the dice probabilities to make informed decisions.

How should I approach understanding all craps bets?

Understanding all craps bets starts with learning the basic rules and terminology. Begin by familiarizing yourself with Pass Line and Don't Pass Line bets, which are the foundation. Next, explore the Odds bet, which offers no house edge when combined with the Pass Line. Don't forget about Come and Don't Come bets, similar to Pass and Don't Pass but placed after the come-out roll. For more advanced strategies, delve into Place, Buy, Lay, and Proposition bets, each with unique risks and rewards. Remember, craps is a game of chance, so always gamble responsibly and understand the odds before placing any bet.

How do all craps bets affect the game outcome?

In craps, various bets significantly influence the game's outcome. The 'Pass Line' and 'Don't Pass' bets determine the initial roll's success, with the 'Pass Line' winning on a 7 or 11 and losing on a 2, 3, or 12. The 'Come' and 'Don't Come' bets function similarly after the point is established. 'Odds' bets offer no house edge but depend on the point. 'Field' bets win on 2, 3, 4, 9, 10, 11, or 12, but lose on 5, 6, 7, or 8. 'Place' bets win if the chosen number is rolled before a 7. 'Proposition' bets, like 'Any Craps' or 'Any 7', offer high payouts but are high-risk. Each bet type adds dynamic layers to craps, affecting both player strategies and game outcomes.

How to maximize your winnings with all craps bets?

Maximizing winnings in craps involves understanding the odds and choosing bets with the lowest house edge. The best bets are the Pass Line and Come bets, which offer a house edge of just 1.41%. For even better odds, consider taking full odds on these bets, reducing the house edge further. Avoid high-edge bets like Any 7 and Hard Ways, which can quickly deplete your bankroll. Manage your bankroll wisely, set win and loss limits, and stick to bets with favorable odds to increase your chances of walking away a winner. Remember, craps is a game of chance, so always gamble responsibly.