Heard this term the other day and it is one I did not recognize. Just my passion for the game. I want to know everything about it! I am sure I won't be using this bet but would like to understand it.
I did look it up on wizard of odds but I still don't think I quite understand it. Thanks for any light you can shed!
Replies:
Posted by: NofieldFive on September 26, 2019, 5:58 pm
I have never heard of that bet. So I looked it up. It evidently is a place bet, but from the don't perspective.
It evidently is on some of the bubble craps machines and in other countries.
NFF
If the number you have bet on is 6 or 8, the payout ratio is 4 to 5 and you must bet in multiples of $8, which means a house advantage of just 1.82%. If the number that you choose to make your Place to Lose bet on is 5 or 9 the payout ratio is 5-to-8, and you would need to bet in multiples of $8 for either of these numbers to lose, which means the house has a 2.50% advantage. If the number if 4 or 10 the corresponding ratio is 5 to 11 and you would have to bet at least $11 or multiples of this value to win, thereby giving the house a solid 3.03% advantage.
It evidently is on some of the bubble craps machines and in other countries.
NFF
Posted by: Dr Crapology on September 27, 2019, 11:18 am
NFF--looks to us like this is similar to a "lay" bet which as I understand the lay bet, is the opposite of of placing any box number. You are going to the "dark" side of the craps game (playing the don't) hoping the 7 will come and you win your bet. You are betting that the 7 will occur before the number is hit. If the number you place is hit you lose. Kinda of a way to "play the don't."
If anyone disagrees with this please let me know.
Doc
If anyone disagrees with this please let me know.
Doc
Posted by: Preacher on September 28, 2019, 8:28 am
A Place to Lose is a bet that a box number won’t be rolled before a 7, same as is a Lay bet. Like a Place (to win) bet, there is no vig,whereas a Lay requires a vig to be paid. The opposite to a Buy bet is a Lay bet, and the opposite to a Place bet is a Place to Lose.
Before I took my first Golden Touch class and learned better, I would use a Lay bet on the come out roll as a hedge on a large Don’t Pass bet. Most, perhaps all, casinos required the vig to be paid up front. It pays true odds, which is not a great thing for dark side bets. I wanted to make Place to Lose bets, instead, to eliminate my paying the vig up front. For example, a $30 Lay bet on 6 or 8 pays $25, which nets $24 ($25 gain minus the $1 vig), but a loss costs a total of $31 every time. A $30 Place to Lose bet on 6 or 8 pays $24, and a loss is only $30.
I never found a casino that offered it. As I recall, I never even found a dealer that knew what it was. It doesn’t matter to me anymore.
Sometimes, even now, I will make a Lay bet. Why? Because I find it too annoying when the shooter makes a Don’t Pass bet. Usually, I just won’t ever, ever make any bet on such a shooter - not even after the 5-count. Yes, it shouldn’t bother me, but it does., because I find it to be the absolutely dumbest play on a craps table. The exception would be if they were using their DP bet to hedge a set of Place bets, but, to date, I’m the only one I’ve ever seen actually do that (again, not anymore). So, if I find the shooter with a DP bet too annoying, I loudly make a $20 or $50 Lay bet on the 4 or 10 - whichever is closer to the shooter. You see, the DP betters love to get a 4 or 10 on the Come Out roll. Funny thing, it gets into the DP shooter’s head. I know it does, because the DP shooter keeps looking at my Lay bet. Petty, I know. Fortunately, it’s it’s infrequent that a shooter has a DP bet.
Before I took my first Golden Touch class and learned better, I would use a Lay bet on the come out roll as a hedge on a large Don’t Pass bet. Most, perhaps all, casinos required the vig to be paid up front. It pays true odds, which is not a great thing for dark side bets. I wanted to make Place to Lose bets, instead, to eliminate my paying the vig up front. For example, a $30 Lay bet on 6 or 8 pays $25, which nets $24 ($25 gain minus the $1 vig), but a loss costs a total of $31 every time. A $30 Place to Lose bet on 6 or 8 pays $24, and a loss is only $30.
I never found a casino that offered it. As I recall, I never even found a dealer that knew what it was. It doesn’t matter to me anymore.
Sometimes, even now, I will make a Lay bet. Why? Because I find it too annoying when the shooter makes a Don’t Pass bet. Usually, I just won’t ever, ever make any bet on such a shooter - not even after the 5-count. Yes, it shouldn’t bother me, but it does., because I find it to be the absolutely dumbest play on a craps table. The exception would be if they were using their DP bet to hedge a set of Place bets, but, to date, I’m the only one I’ve ever seen actually do that (again, not anymore). So, if I find the shooter with a DP bet too annoying, I loudly make a $20 or $50 Lay bet on the 4 or 10 - whichever is closer to the shooter. You see, the DP betters love to get a 4 or 10 on the Come Out roll. Funny thing, it gets into the DP shooter’s head. I know it does, because the DP shooter keeps looking at my Lay bet. Petty, I know. Fortunately, it’s it’s infrequent that a shooter has a DP bet.
Posted by: getagrip on September 29, 2019, 3:43 pm
Thanks everyone for the responses. I know I can always count on you all for good information!
Makes sense now what that gentleman was trying to bet. The boxman did tell him he could do a lay bet but he did not do that. It was a $5 table and I think he did not want to make a bet larger than $8. Also, I don't know if he was used to playing Craps in a different country or not but he did have an Eastern European accent so maybe it was a bet he was used to making some where else when he played. Thanks again!
Makes sense now what that gentleman was trying to bet. The boxman did tell him he could do a lay bet but he did not do that. It was a $5 table and I think he did not want to make a bet larger than $8. Also, I don't know if he was used to playing Craps in a different country or not but he did have an Eastern European accent so maybe it was a bet he was used to making some where else when he played. Thanks again!
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