{"id":10098,"date":"2019-09-26T15:41:37","date_gmt":"2019-09-26T15:41:37","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2019\/09\/26\/place-to-lose-bet\/"},"modified":"2019-09-26T15:41:37","modified_gmt":"2019-09-26T15:41:37","slug":"place-to-lose-bet","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2019\/09\/26\/place-to-lose-bet\/","title":{"rendered":"Place to Lose Bet"},"content":{"rendered":"


\nCan anyone explain to me what a "place to lose" bet is? How is it different than a Lay bet on a number?<\/p>\n

\tHeard this term the other day and it is one I did not recognize. Just my passion for the game. I want to know everything about it! I am sure I won’t be using this bet but would like to understand it.<\/p>\n

\tI did look it up on wizard of odds but I still don’t think I quite understand it. Thanks for any light you can shed!<\/p>\n

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Replies:<\/h3>\n
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Posted by:<\/strong> NofieldFive on September 26, 2019, 5:58 pm<\/p>\n

I have never heard of that bet. So I looked it up. It evidently is a place bet, but from the don’t perspective.<\/p>\n

If the number you have bet on is 6 or 8, the payout ratio is 4 to 5 and you must bet in multiples of $8, which means a house advantage of just 1.82%. If the number that you choose to make your Place to Lose bet on is 5 or 9 the payout ratio is 5-to-8, and you would need to bet in multiples of $8 for either of these numbers to lose, which means the house has a 2.50% advantage. If the number if 4 or 10 the corresponding ratio is 5 to 11 and you would have to bet at least $11 or multiples of this value to win, thereby giving the house a solid 3.03% advantage.<\/p><\/blockquote>\n

\n\tIt evidently is on some of the bubble craps machines and in other countries.<\/p>\n

\tNFF<\/p><\/div>\n<\/div>\n

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Posted by:<\/strong> Dr Crapology on September 27, 2019, 11:18 am<\/p>\n

NFF–looks to us like this is similar to a "lay" bet which as I understand the lay bet, is the opposite of of placing any box number. You are going to the "dark" side of the craps game (playing the don’t) hoping the 7 will come and you win your bet. You are betting that the 7 will occur before the number is hit. If the number you place is hit you lose. Kinda of a way to "play the don’t." <\/p>\n

\tIf anyone disagrees with this please let me know. <\/p>\n

\tDoc<\/p><\/div>\n<\/div>\n

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Posted by:<\/strong> Preacher on September 28, 2019, 8:28 am<\/p>\n

A Place to Lose is a bet that a box number won\u2019t be rolled before a 7, same as is a Lay bet. Like a Place (to win) bet, there is no vig,whereas a Lay requires a vig to be paid. The opposite to a Buy bet is a Lay bet, and the opposite to a Place bet is a Place to Lose.<\/p>\n

\tBefore I took my first Golden Touch class and learned better, I would use a Lay bet on the come out roll as a hedge on a large Don\u2019t Pass bet. Most, perhaps all, casinos required the vig to be paid up front. It pays true odds, which is not a great thing for dark side bets. I wanted to make Place to Lose bets, instead, to eliminate my paying the vig up front. For example, a $30 Lay bet on 6 or 8 pays $25, which nets $24 ($25 gain minus the $1 vig), but a loss costs a total of $31 every time. A $30 Place to Lose bet on 6 or 8 pays $24, and a loss is only $30.<\/p>\n

\tI never found a casino that offered it. As I recall, I never even found a dealer that knew what it was. It doesn\u2019t matter to me anymore.<\/p>\n

\tSometimes, even now, I will make a Lay bet. Why? Because I find it too annoying when the shooter makes a Don\u2019t Pass bet. Usually, I just won\u2019t ever, ever make any bet on such a shooter – not even after the 5-count. Yes, it shouldn\u2019t bother me, but it does., because I find it to be the absolutely dumbest play on a craps table. The exception would be if they were using their DP bet to hedge a set of Place bets, but, to date, I\u2019m the only one I\u2019ve ever seen actually do that (again, not anymore). So, if I find the shooter with a DP bet too annoying, I loudly make a $20 or $50 Lay bet on the 4 or 10 – whichever is closer to the shooter. You see, the DP betters love to get a 4 or 10 on the Come Out roll. Funny thing, it gets into the DP shooter\u2019s head. I know it does, because the DP shooter keeps looking at my Lay bet. Petty, I know. Fortunately, it\u2019s it\u2019s infrequent that a shooter has a DP bet.<\/p><\/div>\n<\/div>\n

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Posted by:<\/strong> getagrip on September 29, 2019, 3:43 pm<\/p>\n

Thanks everyone for the responses. I know I can always count on you all for good information!<\/p>\n

\t Makes sense now what that gentleman was trying to bet. The boxman did tell him he could do a lay bet but he did not do that. It was a $5 table and I think he did not want to make a bet larger than $8. Also, I don’t know if he was used to playing Craps in a different country or not but he did have an Eastern European accent so maybe it was a bet he was used to making some where else when he played. Thanks again!<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Can anyone explain to me what a "place to lose" bet is? How is it different than a Lay bet on a number? Heard this term the other day and it is one I did not recognize. Just my passion…<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-10098","post","type-post","status-publish","format-standard","hentry","category-craps"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/10098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=10098"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/10098\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=10098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=10098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=10098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}