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

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!

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.

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.

lay means in betting

In the world of betting, particularly in sports betting and horse racing, the term “lay” holds significant importance. Understanding what “lay” means and how it works can be crucial for both novice and experienced bettors. Here’s a detailed look at the concept of laying in betting.

What Does “Lay” Mean in Betting?

The term “lay” refers to betting against an outcome. In simpler terms, when you lay a bet, you are essentially acting as the bookmaker. You are offering odds to other bettors, and if the outcome you laid against occurs, you win the bet. Conversely, if the outcome you laid against does not occur, you lose the bet.

Key Points to Understand Lay Betting:

Acting as the Bookmaker: When you lay a bet, you are taking on the role of the bookmaker, offering odds to other bettors.
Winning Conditions: You win the bet if the outcome you laid against does not occur.
Losing Conditions: You lose the bet if the outcome you laid against does occur.

How Does Lay Betting Work?

Lay betting operates through betting exchanges, which are platforms that allow bettors to bet against each other rather than against the bookmaker. Here’s a step-by-step breakdown of how lay betting works:

Choose a Betting Exchange: Sign up and create an account on a reputable betting exchange platform.
Select the Event: Choose the sporting event or race you want to bet on.
Lay the Bet: Decide on the outcome you want to lay against and set the odds.
Place the Bet: Confirm the bet and wait for another bettor to match your lay bet.
Outcome: If the outcome you laid against does not occur, you win the bet. If it does occur, you lose the bet.

Example of Lay Betting:

Event: A football match between Team A and Team B.
Lay Bet: You lay Team A to win at odds of 2.0.
Outcome: If Team A does not win (i.e., the match ends in a draw or Team B wins), you win the bet. If Team A wins, you lose the bet.

Advantages of Lay Betting

Lay betting offers several advantages that can be beneficial to bettors:

Flexibility: Lay betting allows you to bet against any outcome, providing more flexibility in your betting strategy.
Opportunity for Profit: By correctly predicting that an outcome will not occur, you can make a profit.
Risk Management: Lay betting can be used as a risk management tool, helping you to hedge against potential losses.

Risks of Lay Betting

While lay betting can be lucrative, it also comes with its own set of risks:

Unlimited Liability: Unlike traditional bets where your potential loss is limited to your stake, lay bets can result in unlimited liability if the outcome you laid against occurs.
Market Fluctuations: The odds on betting exchanges can fluctuate rapidly, which can impact your potential winnings or losses.
Commission Fees: Betting exchanges typically charge a commission on your winnings, which can reduce your overall profit.

Lay betting is a powerful tool in the world of betting that allows you to bet against outcomes. By understanding how lay betting works and its associated risks and benefits, you can incorporate it into your betting strategy to enhance your chances of success. Whether you are a seasoned bettor or a newcomer, lay betting offers a unique and flexible way to engage with the betting markets.

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 can I understand all craps bets in detail?

Understanding all craps bets involves learning the rules and odds of each wager. The Pass Line and Don't Pass bets are the most basic, with the shooter aiming to roll a 7 or 11 to win on the Pass Line. The Field bet covers a range of numbers, offering a payout if any of those numbers are rolled. Place bets allow you to wager on specific numbers (4, 5, 6, 8, 9, 10) to be rolled before a 7. The Come and Don't Come bets function similarly to the Pass Line and Don't Pass but are placed after the come-out roll. Each bet has different odds and house edges, so it's crucial to grasp these details to play effectively.

How do you understand all craps bets?

Understanding craps bets involves learning the various wagers available on the table layout. The most basic bet is the 'Pass Line' bet, which wins if the shooter rolls a 7 or 11 and loses on a 2, 3, or 12. 'Don't Pass' is the opposite, winning on 2 or 3 and losing on 7 or 11. 'Come' and 'Don't Come' bets function similarly but are placed after the point is established. 'Odds' bets offer no house edge and are placed behind the original bet. 'Field' bets win on specific numbers and pay more for certain outcomes. 'Place' bets allow you to wager on specific numbers to be rolled before a 7. Each bet has its own rules and payouts, making craps a dynamic and engaging game.