Place Bets On Craps Explained
1 minute
Last Updated: February 6, 2024
A “Place Bet” is a type of bet where a player wagers on numbers 4, 5, 6, 8, 9 or 10. Players can either wager on the “Place To Win bet” or the “Place To Lose bet.” In the “Place To Win bet,” the player bets on the chance that the shooter will roll the chosen number (known as “point”) before rolling a 7.
However, if a player wagers on the “Place To Lose bet,” he bets on the probability of a 7 being rolled before the point.
According to standard craps rules, a place bet in craps can yield three possible outcomes. For instance, in a Place To Win bet:
- The point number could be rolled, resulting in a win.
- A 7 could be rolled, causing the player to lose his bet.
- Any other number (apart from the point, and 7) could be rolled. For the two types of place bet, this is neither a win nor a loss. Instead, the bet remains in play until either the point or a 7 is rolled.
The payout of a place bet is determined by the wagered number. Here is a table showing the true odds, payout, and house edge of every number in a place bet:
| Number | True Odds | Payout | House Edge |
| 4 | 2:1 | 9:5 | 6.67% |
| 5 | 3:2 | 7:5 | 4.0% |
| 6 | 6:5 | 7:6 | 1.52% |
| 8 | 6:5 | 7:6 | 1.52% |
| 9 | 3:2 | 7:5 | 4.0% |
| 10 | 2:1 | 9:5 | 6.67% |
