A “Place Bet” is a type of betting strategy used primarily in the game of craps. In craps, players wager on the outcome of the roll of a pair of dice. A Place Bet is a bet that a specific number (4, 5, 6, 8, 9, or 10) will be rolled before a 7 is rolled.
Here’s how it works:
1. **Making the Bet**: After the point has been established (the come-out roll has resulted in a number other than 7 or 11), players can place bets on any of the numbers mentioned above.
2. **Winning the Bet**: If the number on which the player has placed a bet is rolled before a 7, the bet wins. The payouts for each number vary:
– 4 or 10 pay 9:5
– 5 or 9 pay 7:5
– 6 or 8 pay 7:6
3. **Losing the Bet**: If a 7 is rolled before the number on which the player has placed a bet, the bet loses.
Place bets are considered to have a lower house edge compared to other bets in craps, such as proposition bets, making them a more strategic choice for players looking to play the game with better odds. However, the exact house edge and the odds of winning can vary depending on the specific rules of the casino where the game is being played.
