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The Place Bet is just another variation of betting "with" a number on the table. You can make a place bet at anytime when playing craps and you simply hand the dealer your bet and tell them you want to place the "x". (With "x" being the number you want to place.) The details of the place bet are as follows: You may make a place bet any time when playing craps, on any or all of the following numbers: 4, 5, 6, 8, 9, or 10. If the number you have "placed" rolls before a 7 you win and you are paid as follows:
- If the point placed is 4 or 10 - 9:5 odds
- If the point placed is 5 or 9 - 7:5 odds
- If the point placed is 6 or 8 - 7:6 odds
Notice these odds given and you'll notice something different then the pass line odds because the pass line has better odds and is less to the casino advantage when playing craps!?That being said you are better off playing the pass line or come line over the place bets in the long run. Remember though, craps is supposed to be fun, so if you like to play place bets than more power to you! Reference the percentages table below for the odds and casino advantages on the place bet when playing craps.
One thing you should always remember when making a place bet is that you should make your place bet in multiples of $6 for the 6 or 8 as it makes the dealer's job much easier and you get a better payout by putting that extra $1 into each $5 bet. Also note that the place bet is kind of "useless" on a come-out roll and should typically be made after a point has been established when playing craps. Why is it useless on the come-out roll? Because the place bet is only valid after a point is established so it's more acceptable to place it after a point is established.
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