Lesson Six

Place Bets

Making a Place bet is simple enough. You get to choose the number 4,5,6,8,9,10 that you wish to bet anytime during the game. It is kind of like picking out your favorite candy in a candy store. Only you may not find the Place bet to be as sweet. The reason for this is because of the Place bet’s exposure to the House Odds. The casino takes a much larger advantage over Place bets and winning Place bets are paid off at House Odds. (See the table below on House Odds)

 (Image #20 coming soon!)

You make a Place bet with the dealer. You call out your bet(s) to the dealer and place your chips down on the layout in the Come field. The dealer then takes the chips and arranges them specifically located on the number(s) that were called out to bet.

Making a Place is more involved because of the House Odds. As a result, you the player must know the House Odds and make your bets in the appropriate unit increments in order to be paid correctly for the bet. Take a moment now to review the House Odds for each box number and note the unit increment of each box number.

Let’s Make a Place Bet

We are going to learn about Place betting by placing the 6 and 8 for $6 each. Why $6? Look at the House Odds again. Placing the 6 or 8 pays $7 to every $6 bet. So, in order to comply with the correct pay off, we must make Place bets on the 6 or 8 in multiples of six.

Place bets may be made any time that the dice are in the middle, the time for making bets. Usually, a Place bet would be made after a Come Out roll.

Betting the correct increment and selecting the correct number of chips, is preferred, but if necessary, the dealer will make change for the bet(s). When it is your turn to bet with the dealer, call out the Place bet as you place the chips down on the layout in the Come field. “Place the 6 and 8 for six dollars each.” The dealer will take it from there. The dealer picks up your chips and places six dollars on the 6 and six dollars on the 8. Now you wait for the next roll of the dice.

Ø      Your Place bet wins when either the 6 or 8 number rolls and is paid $7 or 7 to 6 in action. The dealer pays the bet by placing the winnings in front of you.

Ø      Your Place bet loses when the 7 rolls. The dealer removes the Place bet from that number and the game is over.

Ø      Your Place bet stays up after winning unless you instruct the dealer to remove the bet or say, “Take down my 6 and 8, please.”

Ø      As long as you have a Place bet in action, it can win or lose on the next roll of the dice. (Excepting a Come Out Roll)

Ø      Any other number besides a 6, 8, or a 7 will have no consequence on your bets when rolled.

Ø      A Place bet is Off or not working on Come Out rolls. It can not win or lose on a Come Out roll.

Making Money with Place Bets

Because a Place bet stays up after winning, unlike a Come bet, some players favor this style of playing. After a win, instead of taking the profit, you can tell the dealer press my Place bet. This means to take the profit and increase the Place bet by one unit, usually. With larger bets, you must be specify how much you wish to increase the bet.

So, what does this look like? Say you just won on a 6 that you Placed. Instead of taking $7 profit, you tell the dealer “Press my 6” as he comes to pay you. The dealer will keep $6 and pass you $1 of the seven-dollar pay off. Now, you have a total of $12 in action Placed on the 6. $6 of the bet is your original bet and $6 is reinvested profit from the first win.

When the six repeats, the dealer will pay you $14. You now have two $6 units in action, $12, so the pay off is 7 to 6 House Odds, and you receive 2 X 7 or $14.

Happy? You could ask the deal to take the bet down and lock up $21 dollars profit and have your original $6 place bet back in hand. Yes, happy!

Or, you could continue to gamble. You could take the $14 profit and continue with a $12 Place bet on the 6. Or you could press the 6 by $6 or even parlay the profit by adding $12 more to the bet, making it look like a $24 Place bet. Ah, gee wiz, just when this looked like a fun and simple way to make money we go and muss it all up. The point here is that you have multiple choices and ways to play Place bets. Best that you fully understand this bet. The vig on these bets favors the House to win.

To further complicate matters, you must know the House Odds for each box number that you intend to Place bet.

The Best Thing About Place Bets

You are in control of all Place bets at all times. This means you can make the bet, change the bet, call the bet off or on, and take the bet down. If you call a Place bet Off, out of action, it is up to you to let the dealer know, when you want the Place bet back On, or back in action.

The Rest of the Numbers to Place Bet

In the table of House Odds below, you can see for yourself how the Odds pay for each box number and the unit you should bet to make a Place on that number. There are additional ways of Place betting. One way is to bet all the box numbers, 4,5,6,8,9,10 called betting across.  Another way of betting is to bet  just the inside numbers 5,6,8,9 or just the outside numbers, 4,5,9,10.

Note: The more numbers you bet, the greater is your exposure to a loss. Place betting is not recommended until you have a thorough command of the game.

HOUSE ODDS FOR PLACE BETS

Review Place Betting 

A Place bet is of the player’s choosing. The bet may be made at any time during a game. The bet is paid House Odds and therefore needs to be made in units that correspond to the House Odds pay off. The player controls all Place bets. Place bets may be increased or decrease at the player's discretion. The Place bet has multiple ways to be played. To become a Place better, the player should be skilled with all options for Place betting and know the House Odds. The house advantage over Place bets is considerably more than Line bets. Thus, Place betting is more risky.

In Lesson Seven, we will cover the rest of the bets found on a Craps Layout. In the mean time, lock in the knowledge that you have gained to this point. You now have the majority of information for playing Dice. If you are confused with any section or feel that you need more reinforcement of a lesson, now is the time to go back and review. When it comes to understanding a complicated concept, review, review and review.

Lesson 7

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