Understanding The Place Bet In Online Craps

• Published: August 28, 2014
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The Place bet is one of the many offered in online craps. This article explains how the bet works and offers some recommendations.

In online craps Place bets are wagered on totals of 4, 5, 6, 8, 9 or 10. You have to put the chips on the prominently displayed Place bet area. A Place bet can be made before any roll. A Place bet on a particular number, from those given above, will win if that number is rolled before a 7. It will lose if a 7 is rolled before that number. If none of these outcomes occur then the Place bet is carried forward. You must note that the payouts are different for Place bets on different numbers.

In online craps 4 or 10 can be rolled in three ways, whereas 7 can be rolled in six ways. This gives the correct odds for the Place bet on 4 or 10 winning as 2 to 1. Since online casinos have to cover costs they offer lower payouts keeping a house edge. Online craps games pay 9 to 5 on the Place bet on 4 or 10. The house edge works out to 6.67%. What this implies in simple terms is that in the long run for every $100 wagered on this bet the online casino will earn $6.67. Online slot games operate on a house edge of 5%. Since these are the most popular games, a house edge of 5% is generally taken as a cut off. Therefore the Place bet on 4 or 10 is just not worth making.

5 or 9 can be rolled in four ways, whereas a 7 can be rolled in six ways. Therefore the correct odds for a Place bet on 5 or 9 are 3 to 2. Online craps games pay 7 to 5 on this bet. The house edge in this case works out to 4.00%. Though this is less than the above cut off, you must factor in that your payout is only one and a half times the bet. Again, the risk is not worth the return.

6 or 8 can be rolled in five ways, whereas a 7 can be rolled in six ways. Therefore the correct odds for a Place bet on 6 or 8 are 6 to 5. Online craps games pay 7 to 6 on this bet. The house edge is 1.52%. This is an attractive house edge and the Place bet on 6 or 8 is the recommended one.