Types of Craps Bets
Craps betting, with its hundreds of combinations can be a bit confusing. Not only that, as you play the game round by round, you have to adjust your strategy accordingly. The following is a list (plus descriptions) of some of the kinds of bets you will come across when playing craps.
In a buy bet (similar to a place bet, but with a different payout) you can buy any number between 4 and 10 except 7, which means that you are betting that this number will appear before a 7 is rolled. When making this kind of bet you pay a 4% commission to the house. In terms of odds, the buy bet pays 48:25 on the 4 and 10, 36:25 on the 5 and 9, and 144:125 on the 6 and 8.
The lay bet is the exact opposite of the buy bet. With the pay bet you are betting that the 7 will appear before any number between 4 and 10.
Just to further confuse things, the lay bet is the opposite of the buy bet and the same as the place bet in terms of losing, but with a different payout schedule, with fair craps odds paid on the bet. Fair odds are 1:2 on the 4 and 10, 2:3 on the 5 and 9, and 5:6 on the 4 and 8.
Pass Line Bet
This is the most basic bet in craps. The pass line is an even money bet in which you place a bet on the pass line area on the table on a come out roll. If the come out roll is a 7 or 11 you win your bet. If the come out roll is a 2, 3, or 12 (craps) you lose. If any other number is rolled on the come out roll you can still win if that value is rolled again before a 7. If a 7 comes up before that number is rolled again, you lose.
Don’t Pass Bet
The opposite of the pass line bet is the don’t pass bet. The don’t pass bet is far simpler than its pass line counterpart. If the come out roll is a 2 or 3 then you win. If it’s a 7 or 11 you lose. If the 7 comes before the point you win.
Because this bet is made against the shooter and allows you to win while everyone else is losing people tend not to like it. In fact, so much so that making a don’t pass bet is said to be “playing on the dark side”.
Hard Way Bet
Hard way bets are as the name implies hard to win (but have a nice payout to compensate for this). There are four types of hard way bets that you can make. For example a hard 4 bet is betting that a pair of 2’s will be rolled before a 7, or any other roll totaling 4. This is considered a hard way bet because rolling two 2’s is a harder way of reaching a 4. You can bet on a hard 6, 8, or 10 as well. The payout on these bets is 7:1 for a hard 4 or 10 and 9:1 for a hard 6 or 8.