Warning: betting increments on the place bets are different from the proper betting increments on the odds bets. The following are the payouts for each point Place bet on 4 or 10. Any increment of $5; If the bettor is going to bet $20 or more on the place bet of 4 or 10, the bettor is better of ‘buying’ the 4 or 10. Place bet on 5 or 9.

Full Playlist: -Like these Gambling Lessons!!! Check out the official app http:/. Buying #'s means you get True Odds but pay a 5% vig to the house.Placing #'s means u don't pay a vig but the Payout is Worse. So what I notice, is that its best to 'Place' the 6 n' 8. And 'Buy' the 4 n' 10. 5 n' 9 is a small difference in favor of Buying. The Buy bet on 6 and/or 8 will usually be worse than the Place bet on the same numbers for craps players who would not like to place excessive bets. Of course, experts could not make a direct comparison by using the same bet amount, but there are enough differences between the Place and the Buy bet on the numbers in question. WoO Craps page has the following: 6 and 8: Place bet always better. 5 and 9: Place bet always better, unless commission on Buy is on win only. 4 and 10: Buy bet always better.

Most take commission up front. But it varies from casino to casino. Sometimes even from pit to pit!

FWIW, check out the bubble craps machines. The rules will vary by property, but at the Plaza, 4Q and Binnion's the vig is charged on the win only. Of course these palces are also limited to 2X on odds.

as a new craps player can someone explain the difference between place and buy? I was playing last week and a guy had a buy chip on top of his bets all of the time. He also tried to pre pay vig once and the dealers were all confused and said they don't do that.
What are the difference if pay outs for each?
$10 bet on each
4/10 buy vs place
5/9 buy vs place
6/8 buy vs place
I tried to read WoO but it didn't make sense to me.

Buy starts at $5.00 with vig on the win (requires verbal request - not automatic - uses $0.25 chips) -- all the Boyd properties downtown -- Hawaiian's favorite
Main Street Station
California Casino
Fremont Casion

Wait a sec...
These casinos use 25¢ chips? I thought Joker's Wild was the last casino in Vegas to still have them.
If these other casinos do use them, is it only for the buy commission, or can they be used elsewhere?
For example, can I make place bets in fractional units?

Wait a sec...
These casinos use 25¢ chips? I thought Joker's Wild was the last casino in Vegas to still have them.
If these other casinos do use them, is it only for the buy commission, or can they be used elsewhere?
For example, can I make place bets in fractional units?

Not any more. Joker's Wild no longer uses $0.25 chips. The dealers are ECSTATIC about it too as the dice move about five times faster.
The $0.25 chips at the downtown Boyd Properties are used EXCLUSIVELY for buy bet vig-on-the-win. Verbal request REQUIRED. Nothing else except dealer bets! That is, you can throw a $0.25 hardway for the dealers, and they will book it. But that's it.
Not good for ANYTHING else.
It really is just giving in specifically to the Hawaiians who want to use their buy-four and buy-ten strategies at lower denoms (for practice, really).
I have seen buy bets go to max bets from two players at the same time at the California ($2,000 buy x2 players -- casino paid $8,000 per roll total TWICE).
Very unusual for what's always a $5 minimum table with double odds to see that sort of action.

Start out thinking of a PASS LINE bet...
A PLACE bet involves YOUR choice of a number rather than the dice's choice but YOU pay for that privilege by getting a lower payout on Place bets.
A BUY bet involves YOUR choice of a number rather than the dice's choice AND YOUR choice to be paid the true and correct odds on the bet, which of course they usually only willing to do for a bit more money referred to as a commission. The dealers have their way of handling the commission and the Box and the Eye in the Sky will know what is going on when they see extra money going out because the dealers mark the bet with a little lamer saying 'Buy'.
Physically a buy bet and a place bet are positioned in the same manner, the buy lamer just means if it wins pay him the correct odds since that is what he has purchased with his commission.

So basically they are the same bet but the buy pays better? I would understand this if you paid a commission up front but when you pay commission only on wins it makes no sense to me. Owell, I will just keep to pass line and come bets.

Michael Shackleford: We've already talked about all the best bets on the table, the pass, the come, the, don't pass, the don't come, always backed up with the odds. So, these are all the best bets on the table. All you really need to know about craps is with those bets right there. If you just bet that, you'll be in great shape. However, there's still lots of other bets at the table which are not as good. Some of them are called place bets, so let's talk about those next. Those are generally not made on a come out roll, so let's make a pass line bet and wait for you to roll a point and then we will make some place bets.

Angela Wyman: All right.

Dan Lubin: Five. No field five.

Michael: Let's back up the pass line bet with a 20-dollar odds bet and now let's make some place bets. What a place bet is, is a bet that you're going to roll any one of these numbers that you choose before seven. Let's start with making place bets on the six and the eight. Those pay seven-to-six odds, so you should bet in increments of six dollars. So, let's bet six dollars on each of the six and the eight and these bets you own, you put in the come area and you have to tell the dealer what you want to do. You would say, “Place the six and the eight”.

Angela: Place the six and the eight.

Michael: Let's also make one on the nine. The place bet on the nine pays seven-to-five, those should be evenly divisible by five dollars, so let's make a five-dollar place bet on the nine.

Angela: Place nine.

Best Bets In Craps And Why

Michael: We're not going to place the 5 because we already are going to win on that with the pass line bet, although we technically would be allowed to. Let's also place the four and the 10. Those pay nine-to-five odds, so those should be divisible by five.

Dan: If you can put 10 and say, “Give me the four and the 10”.

Michael: And it would be implied that she's odd betting on both of them equally.

Angela: Give me the four and the 10 then.

Dan: Okay. You're settled on the four and the 10.

Michael: Now we have covered all of the place numbers, all of the registers, so if you roll a four, five, six, eight, nine or 10, we'll win one of those bets. It's now the seven that is the dreaded number and will cause everything to lose, so stay away from the seven.

Angela: No seven. [Laughs]

Dan: 10 easy.

Michael: So, our place bet on the 10 wins. That's going to pay nine-to-five, so we just won nine bucks.

Dan: And here the dealer cuts out nine in the come and hands it off to the player.

Michael: And the dealer assumes that you want to keep that place bet up there, so he only paid you the winnings, he didn't return your original wager, he assumed you want to remake it. At any time, you can say, “Take these place bets down”. Once you make them, they're not locked in stone, you can remove them at any time but we're going to stay up there. So, just stay away from that seven.

Angela: All right.

Dan: You're 11, pay the come, pay the field.

Michael: So, nothing happens with that to us.

Dan: Four easy.

Michael: We just won nine dollars on our four.

Dan: Eight the hard way.

Michael: The six-dollar bet on the eight pays seven, so-- and you're still shooting.

Angela: Great.

Dan: Two crap deuce come away. Double the field.

Michael: That means nothing to us.

Dan: Nine's in.

Michael: Another winner. Our nine pays seven-to-five odds, so you just won seven dollars. Notice how you just keep raking in money as long as you stay away from that seven.

Dan: Exactly. The hot roll. Five, no field five.

Michael: We just won on a pass line bet, that's a big bet too. So, the point pays 30 and the five pays five. That's a new pass line bet and as I was explaining earlier, on a come out roll, sevens are bad, so there's three kinds of bets that get turned off automatically on a come out roll. Place bets, odds and come bets and buy bets. I'll explain buy bets next. Right now, the pressure is off. If you roll a seven, it's actually going to be good because the pass line will win and all those bets will just stay on the table.

Dan: Five no field, relight the five.

Michael: We light the five with a 20-dollar odds bet and now, all of our place bets are suddenly working again so stay away from that seven.

Dan: Eight the hard way.

Craps Place Bet Strategy

Michael: Our six-dollar bet just won seven.

Angela: Hurray.

Dan: Seven the hard way.

Michael: We lost everything but you still did well.

Angela: [laughs]

Michael: Our stacks keep growing.

Angela: It's all right, we still have enough for dinner.

[Laughter]

Michael: Angela, next I'm going to teach you about buy bets. Buy bets are just like place but they pay different odds. The way it works is that they pay statistically fair odds like an odds bet, except you have to pay a 5% commission on the amount of your bet. Mathematically speaking, you're better off making place bets on the five, six, eight and nine, so the only time you should even consider making a buy bet is on the four and the 10. Fair odds are two-to-one, however, you generally pay the 5% commission on wins only, so it's going to be like getting paid 19-to-10 odds which is better than the nine-to-five odds on the place bet.

And I know it sounds confusing but trust me, if you're going to be making place bets, don't make them on the four and the 10. Make buy bets instead. So, let's demonstrate the buy bets. It's a new come out roll. Traditionally, in craps they always make a line bet, meaning a pass or a, don't pass bet, but since you're the shooter, it's mandatory. So, let's make a pass line bet, a come out roll.

Dan: Four, [unintelligible 00:06:54] the four.

Michael: Out of habit, let's make an odds bet, 15 dollars on your four. We already covered the four with this, so now let's make a buy bet on the 10. As I was saying before, buy bets pay 19-to-10 odds, so if you don't want to lose anything on the rounding-- because in every game they always round down, you should make buy bets in even in even increments of 20 dollars. So, let's bet 20 dollars on the 10.

Dan: Buying in the 10 for 20, this is what you would say and I would settle it up and I would put a buy lid on it. It's better to know it's a buy bet.

Michael: Try to roll a four or a 10 and stay away from the seven.

Angela: All right, no seven.

Dan: 10 the hard way.

[Cheering]

Michael: So, your first buy bet ever wins.

Dan: I've cut out 40 dollars, pays two-to-one minus the commission, so there's 40 dollars, 25 and 15 for 40. On the 20-dollar bet, the commission is a dollar, so I'd say, “Madam, drop a dollar” and I would pay the soft on her hand, pick up the dollar.

Michael: To summarize, her 20-dollar buy bet paid two-to-one odds minus a 5% commission. Two times 20 is 40, she owed one dollar commission because 5% of 20 is one, so she just won 39 dollars. That's pretty much all there is about the buy bets. I would like to add that-- let's say Angela was uncomfortable betting 20 dollars on the 10, let's say that she was comfortable with 10, she could do that. That 10 dollars is going to pay nine fifty if it wins, but you always round down to the nearest dollar, so that win is going to round down to 19 dollars.

However, what if she made a place bet of 10 dollars? That would pay nine-to-five or a total win of 18 dollars. What's more, 19 or 18? The 19. So, even though you're losing 50 cents due to the rounding, you're still better off making a buy bet on the four and the 10 as long as you're at least betting 10 bucks. Right, Dan? Did I have it right?

Craps Place Bets Payout

Dan: Absolutely, you had it perfect.

Best Bet For Craps

Michael: Okay, I think that that covers buy bets.