Craps Chips
All the professional Craps Supplies you'll ever need for a great game including quality Tables, Dice, Sticks, Layouts, Bumpers, Tabletops and much more. Categories Poker Chips. Anyone at the table, including the shooter, can make wagers by placing their chips in the appropriate spot on the betting layout. A craps table requires the attention of several casino employees. You’ll usually find the following people running a table.
The Lay bet is considered pretty much the opposite of the Buy bet. In other words, players bet that a 7 will come out before one of the so-called point numbers 4, 5, 6, 8, 9, or 10 appear.
Any Craps: A bet that the next roll will be 2, 3, or 12. Any Seven: A bet that the next roll will be 7. Big Red: Another word for seven. Players will not use the world seven at the table. Black: Dealer slang for $100 gaming chips which in most casinos are black. Bones: Another name for dice. Boxcars: Slang for the 12. Also called midnight. Players use casino chips rather than cash to bet on the Craps 'layout,' a fabric surface which displays the various bets. The bets vary somewhat among casinos in availability, locations, and payouts. The tables roughly resemble bathtubs and come in various sizes. In some locations, chips may be called checks, tokens, or plaques.
This bet is suitable for players who pay attention to some temporary trends over gameplay. For example, if a player notices that a certain number has not appeared for some time, they could suppose that the trend will continue for a little while and prefer the Lay bet on this number.
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Craps Dice Chips
The Lay bet is not a self-service bet, which means that the player needs the dealer's assistance in order to make it. When playing in a land-based casino, the player would have to first attract the attention of the dealer, and then put their chips inside the Come area. After doing that, the player must communicate with the dealer and tell them what number they would like to place a Lay bet on.
The chips are picked up by the dealer, who puts them in the suitable point box that corresponds to the player's position at the table. Then, they put a “Lay” button on top of the player's chips in order to indicate the fact that the player has preferred the Lay bet. When it comes to betting at an Internet casino, however, the procedure is much quicker and easier for the player. The Lay bet is placed in just a few clicks.
Still, players should be aware of the fact that Lay bets are rarely made, as their usefulness is considered somehow limited. In fact, the most efficient Lay bet is the one on the 4 and 10. Unfortunately, such a bet placed on the rest of the point numbers, 5, 6, 8, and 9, is considered unfortunate for the player, as it provides the casino with a too great of a house advantage.
As already mentioned, the best variation of the Lay bet is when the player puts their wager against 4 and 10.
In this case, the house edge equals 2.44%, in a way that is similar to how the casino advantage is reduced on the 4 and 10 with the Buy bet. So, players are highly preferred to place a Lay bet only on the 4 and 10. In addition, they should consider limiting the frequency of this bet and also bet around the casino maximum for the minimum commission. Such an approach would decrease the house edge.
Lay Bet and True Odds
The pay-off of the Lay bet is based on true odds. However, the odds are different for each point number the player bets on. There are three variations of the bet, including Lay bet for the 4 and 10, Lay bet for the 5 and 9 and Lay bet for the 6 and 8.
The true odds for placing a Lay bet on 4 and 10 are 1 to 2. When it comes to placing the same bet on the numbers 5 and 9, the true odds are 2:3. And last, but not least, the true odds of the Lay bet for the 6 and 8 are 5:6.
As already explained, the Lay bet is practically the opposite of the Buy bet, meaning that players hope for a 7 to appear before any of the point numbers they bet against. In fact, there are more ways to make a 7 than to make any of the point numbers, which means that the player should Lay more than they expect to win.
The fact that the pay-off for the Lay bets is based on true odds means that there literally is no house edge for the wager. Still, as explained for the Buy bets, the casino could not afford to lose money, so players are made to pay a special commission for the chance of getting true odds. The “vig” tax is the same as the one associated with the Buy bets, meaning that a 5% commission is required.