Craps Place Bet Payout Chart

• Craps Place Bet Payout Chart 10
• Craps Place Bet Payout Chart 2017
• Crapless Craps Place Bet Payouts
• Craps Place Bet Payout Chart 2020
• Craps Place Bet Payout Chart Printable

It's no surprise that multitudes of strategies have been developed around place betting the (6) & (8) as these numbers give the craps player one of the be best advantages of beating the casinos.

First of all, both the (6) and the (8) are the numbers likely to roll most often, next to the (7). There are 5 ways to roll (6), 5 ways to roll an (8), and 6 ways to roll a (7).

It doesn't stop there. Here's are some more advantages of Place Betting the (6) and/or (8).

• Place Bets only need to be hit once to win, versus a Pass Line or Come Bet, which needs to be hit twice
• The payout on a Place Bets exceeds that of Pass Line or Come Bets at lower betting levels
  • It takes approximately 5X odds before the benefits of PL/Come Bets exceed that of Place Bets
• Place Bets can be made or taken down at any time the player wants versus PL/Come bets which are contract bets
• The player controls the numbers that are bet, versus the roll of the dice being the determining factor
• Already mentioned, the (6) and (8) are most likely to be rolled aside from the (7)
• Betting both the (6) and (8) gives you a 10 to 6 advantage of one of your numbers hitting before the (7)
• The house edge on place betting the (6) or (8) is only 1.52%, one of the lowest on the table

Craps Payouts Which bets are the best on Craps Odds. Continued from online craps odds part 1. Again, when it comes to playing online craps, the numbers you roll are out of your control and can only be determined by luck, but understanding the odds of rolling the numbers can help you make the right play and teach you which bets are the best ones to choose based on the odds. CRAPS PAYOFFS - Craps Payout Chart. CRAPS WAGER: PAYOFF: Pass Line: 1 to 1: Don t Pass: 1 to 1: Come. Place Bets: 4 and 10: 9 to 5: 5 and 9: 7 to 5: 6 and 8: 7.

If the toolbox of strategies you bring to the craps tables does not include a (6) and (8) strategy, then it might be time to find one that works for you.

We'll cover a few of the most popular, and some not-so-popular 6/8 strategies for you to assess and possibly include in your own repertoire of strategies.

Secrets Tip – Never bet the Big 6 or Big 8 located at the corners of the table. They carry a 9.09% House Edge versus Place Betting the same numbers for a 1.52% House Edge.

All examples include betting both the (6) and (8) on a $10 minimum craps table.

6 & 8 Collect and Press

• Place Bet both the (6) and (8) for $12 each (Total $24)
• Take these steps on the (6) and (8) independently
  • 1^st Hit – Collect and rack the $14 in winnings (you now only have $10 of your money at risk)
  • 2^nd Hit – Press your bet to $24
  • 3^rd Hit – Collect and rack the $28 in winnings (now your up $20)
  • 4^th Hit – Press your bet to $48
• From here, you can either continue alternately ‘collecting' and ‘pressing' your bets through the end of the roll or take down your bets at any point in the progression you want.

__________________________________________________

6 & 8 One Unit Continuous Press

• Place Bet both the (6) and (8) for $12 each (Total $24)
• Take these steps on the (6) and (8) independently
  • 1^st Hit – Win $14 – Press your bet by $6 to $18 (collect & rack $8)
  • 2^nd Hit – Win $21 – Press your bet by $6 to $24 (collect & rack $15)
  • 3^rd Hit – Win $28 – Press your bet by $6 to $30 (collect & rack $22)
  • 4^th Hit – Win $35 – Press your bet by $6 to $36 (collect & rack $29)
• Either continue to press one unit each time one of your numbers hits, or take down one or both of your bets at any point you want.

__________________________________________________

6 & 8 – $72 Regression

• Place Bet both the (6) and (8) for $36 each (Total $72)
  • 1^st Hit – Win $42
  • Immediately take both the (6) and (8) down to $12 each
  • You're now positive $18 and only have casino winnings on the table
• Use the (6) and (8) Collect and Press for the remainder of the shooter's roll

__________________________________________________

6 & 8 – 1-3-2-6 Positive Progression Strategy

• Place Bet both the (6) and (8) for $12 each (Total $24)
• Take these steps on the (6) and (8) independently
  • 1^st Hit – Win $14 – Drop $10 and press the bet to $36 (Net winnings = -$34)
  • 2^nd Hit – Win $42 – Drop your bet to $24 (Net winnings = $18)
  • 3^rd Hit – Win $28 – Drop $60 and press your bet to $72 (Net winnings = $0)
  • 4^th Hit – Win $84 – Take all bets down (Net winnings = $168)
• After taking your bets down and collecting your net winnings of $168, you can wait for the shooter's roll to end or decide to start the betting progression over.

__________________________________________________

6 & 8 – $48 Hit and Spread

• Place Bet both the (6) and (8) for $24 each (Total $48)
  • 1^st Hit – Win $28
  • Immediately take the (6) and (8) down to $12 each
  • Add the (5) and (9) for $10 each
• After the 1^st Hit, you'll now have 4 inside numbers covered for a $16 investment.
• Utilize a collect and press strategy for the remainder of the roll.

__________________________________________________

6 or 8 – Low Roller Inside Spread

• Place the (6) or (8) for $12 (Total $12)
  • 1^st Hit – Win $14 – Rack $2 and place the opposite number for $12 (Net = -$10)
  • 2^nd Hit – Win $14 – Collect and rack $14 (Net winnings = $4)
  • 3^rd Hit – Win $14 – Rack $4 and place the (5) or (9) for $10 (Net winnings = $8)
  • 4^th Hit – Win $14 – Rack $4 and place the opposite 5/9 for $10 (Net winnings = $12)
• You now have all inside numbers covered AND a $12 profit.
• Utilize the collect and press strategy for each number covered through the end of the roll.

__________________________________________________

6 or 8 – Low Roller Run Up

• Place the (6) or (8) for $12 (Total $12)
  • 1st Hit – Win $14
    • Parlay your winnings and add $4 to your bet
    • Bet is now $30 – Total investment $16
  • 2nd Hit – Win $35
    • Parlay your winnings and add $1 to your bet
    • Bet is now $66 – Total investment of $17
  • 3rd Hit – Win $77
    • Take all bets down
• Collect $126 in winnings ($14+$35+$77) from a total investment of $17
• At this point, you can either start the strategy over or wait for the next shooter

__________________________________________________

There are many other variations out there, and if you didn't find one you're comfortable with above, a quick google search will uncover many, many more.

Keep in mind, no strategy will change the house edge (casino advantage) on the bets placed. The goal is find the betting strategy that works for you and your bankroll and apply it at the right times at the table.

Craps Place Bet Payout Chart 10

Feel free to share your own (6) and (8) betting strategies in the comments below.

. Blackjack strategy after first hit.

Craps Secrets has merged with the Black Chip Club

Please visit us at BlackChipClub.com

.

*****************

If you have any questions, suggestions or recommendations, feel free to leave them in the comments section below.

In the meantime…

BEST OF LUCK AT THE CASINOS!!!

Today is the day. You proudly strut yourself to your favorite racetrack. You know your stuff and you're sure of your picks. You know the odds and place your bets with confidence. The race begins, the anticipation builds, the finish line roars and you are congratulated by your friends when you walk out with cash in your pocket.

Everyone wants to be a winner, but the reality is that most of us do not fully understand the intricacies of horse racing odds. Sure, placing a bet is easy enough but that is why most race goers walk out with less money than they came in with. Are you one of them?

Are you just placing bets blind and hoping for the best? It's completely fine if you are. We won't judge. We made this guide just for you! Here we will explain and simplify horse racing odds to make betting easier.

One of the surest ways people lose money on horse racing is not knowing how to bet or understanding the odds. To a beginner, all those numbers on the tote board and hearing all of the horse racing odds jargon can be pretty daunting.

Want a better shot at walking away a winner? Then trust us and keep scrolling.

What Are Horse Racing Odds

Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as 4-7 or 2-5 tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2-1, you'll get $2 for every $1 you bet. Odds are displayed in one of two formats.

Fractional: These are more traditional and widely used and are displayed as 4/1. When spoken, you would say this format as 'four to one'. You can read these horse racing odds as for every $1 you bet, you will receive $4 if you win (plus your original bet).

Decimal: This type of odd is recently introduced to the industry and is more commonly used in Europe. These are displayed in the format of 5.00, unlike fractional odds, your stake is already factored in. To get your potential return, multiply the odd by your bet. If the odd is displayed at 5.00, multiply this by your stake to calculate potential returns.

Let's explain some U.S. horse racing odds examples:

6-5 odds

• Spoken: 6 to 5 odds
• Meaning: You will get $6 in profit for every $5 you wager
• Actual Payout: 6 divided by 5 plus 1 = 2.2 times original $5 wager = $11.00 Payout

20 odds

• Spoken: 20 to 1 odds
• Meaning: You will get $20 in profit for every $1 you wager
• Actual Payout: 20 divided by 1 plus 1 = 21 times original $1 = $21 payout.

10-2 odds

• Spoken: 10 to 2 odds
• Meaning: you will get $10 in profit for every $2 you wager
• Actual Payout: 10 divided by 2 plus 1 = 6 times original $2 = $12 payout

How to Read Horse Racing Odds

So how exactly do you read horse racing odds. Glad you asked! Let's explain this from the top.

The Morning Line:

Before any of the actual wagering starts, there are 'morning line' odds. These are the odds placed on each horse by the track's handicapper. These are published in either the program, racing form, or online at your sportsbook. In today's horse racing, the morning lines are rarely something to go by since they change so much as more bets are placed.

Changing Odds:

Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.

Favorites:

Each race has a favorite. This is the horse most likely to win. If there is more than one horse with the same odds of winning it may be displayed with 'JF' meaning joint favorite.

Craps Place Bet Payout Chart 2017

Probability:

Fractional odds can easily be translated to probability percentages. As such, a race with 1/1 odds would signify that for every failure, there would be one success, giving you a 50% probability. A 2/1 fraction suggests that for every 2 failures, there's one chance of success, giving you a 33% probability; 3/2 means a 40% chance, 2/3 works out to 60%, and 10/1 means a 9% chance, and so on.

Standard Win Bets and Payouts

6 or 8 – Low Roller Inside Spread

• Place the (6) or (8) for $12 (Total $12)
  • 1^st Hit – Win $14 – Rack $2 and place the opposite number for $12 (Net = -$10)
  • 2^nd Hit – Win $14 – Collect and rack $14 (Net winnings = $4)
  • 3^rd Hit – Win $14 – Rack $4 and place the (5) or (9) for $10 (Net winnings = $8)
  • 4^th Hit – Win $14 – Rack $4 and place the opposite 5/9 for $10 (Net winnings = $12)
• You now have all inside numbers covered AND a $12 profit.
• Utilize the collect and press strategy for each number covered through the end of the roll.

__________________________________________________

6 or 8 – Low Roller Run Up

• Place the (6) or (8) for $12 (Total $12)
  • 1st Hit – Win $14
    • Parlay your winnings and add $4 to your bet
    • Bet is now $30 – Total investment $16
  • 2nd Hit – Win $35
    • Parlay your winnings and add $1 to your bet
    • Bet is now $66 – Total investment of $17
  • 3rd Hit – Win $77
    • Take all bets down
• Collect $126 in winnings ($14+$35+$77) from a total investment of $17
• At this point, you can either start the strategy over or wait for the next shooter

__________________________________________________

There are many other variations out there, and if you didn't find one you're comfortable with above, a quick google search will uncover many, many more.

Keep in mind, no strategy will change the house edge (casino advantage) on the bets placed. The goal is find the betting strategy that works for you and your bankroll and apply it at the right times at the table.

Craps Place Bet Payout Chart 10

Feel free to share your own (6) and (8) betting strategies in the comments below.

. Blackjack strategy after first hit.

Craps Secrets has merged with the Black Chip Club

Please visit us at BlackChipClub.com

.

*****************

If you have any questions, suggestions or recommendations, feel free to leave them in the comments section below.

In the meantime…

BEST OF LUCK AT THE CASINOS!!!

Today is the day. You proudly strut yourself to your favorite racetrack. You know your stuff and you're sure of your picks. You know the odds and place your bets with confidence. The race begins, the anticipation builds, the finish line roars and you are congratulated by your friends when you walk out with cash in your pocket.

Everyone wants to be a winner, but the reality is that most of us do not fully understand the intricacies of horse racing odds. Sure, placing a bet is easy enough but that is why most race goers walk out with less money than they came in with. Are you one of them?

Are you just placing bets blind and hoping for the best? It's completely fine if you are. We won't judge. We made this guide just for you! Here we will explain and simplify horse racing odds to make betting easier.

One of the surest ways people lose money on horse racing is not knowing how to bet or understanding the odds. To a beginner, all those numbers on the tote board and hearing all of the horse racing odds jargon can be pretty daunting.

Want a better shot at walking away a winner? Then trust us and keep scrolling.

What Are Horse Racing Odds

Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as 4-7 or 2-5 tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2-1, you'll get $2 for every $1 you bet. Odds are displayed in one of two formats.

Fractional: These are more traditional and widely used and are displayed as 4/1. When spoken, you would say this format as 'four to one'. You can read these horse racing odds as for every $1 you bet, you will receive $4 if you win (plus your original bet).

Decimal: This type of odd is recently introduced to the industry and is more commonly used in Europe. These are displayed in the format of 5.00, unlike fractional odds, your stake is already factored in. To get your potential return, multiply the odd by your bet. If the odd is displayed at 5.00, multiply this by your stake to calculate potential returns.

Let's explain some U.S. horse racing odds examples:

6-5 odds

• Spoken: 6 to 5 odds
• Meaning: You will get $6 in profit for every $5 you wager
• Actual Payout: 6 divided by 5 plus 1 = 2.2 times original $5 wager = $11.00 Payout

20 odds

• Spoken: 20 to 1 odds
• Meaning: You will get $20 in profit for every $1 you wager
• Actual Payout: 20 divided by 1 plus 1 = 21 times original $1 = $21 payout.

10-2 odds

• Spoken: 10 to 2 odds
• Meaning: you will get $10 in profit for every $2 you wager
• Actual Payout: 10 divided by 2 plus 1 = 6 times original $2 = $12 payout

How to Read Horse Racing Odds

So how exactly do you read horse racing odds. Glad you asked! Let's explain this from the top.

The Morning Line:

Before any of the actual wagering starts, there are 'morning line' odds. These are the odds placed on each horse by the track's handicapper. These are published in either the program, racing form, or online at your sportsbook. In today's horse racing, the morning lines are rarely something to go by since they change so much as more bets are placed.

Changing Odds:

Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.

Favorites:

Each race has a favorite. This is the horse most likely to win. If there is more than one horse with the same odds of winning it may be displayed with 'JF' meaning joint favorite.

Craps Place Bet Payout Chart 2017

Probability:

Fractional odds can easily be translated to probability percentages. As such, a race with 1/1 odds would signify that for every failure, there would be one success, giving you a 50% probability. A 2/1 fraction suggests that for every 2 failures, there's one chance of success, giving you a 33% probability; 3/2 means a 40% chance, 2/3 works out to 60%, and 10/1 means a 9% chance, and so on.

Standard Win Bets and Payouts

The minimum standard bet for horse racing is $2. Depending on the race and the rules of the racetrack, the minimum could be slightly lower. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make. This easy-to-read chart explains exactly what the payout would be on a $2 winning bet at various odds:

How to Calculate Betting Odds and Payouts

One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed. This fluctuation is called pari-mutuel wagering, or pool betting. In typical betting games, you're betting against the house. With horse racing you are betting against other betters.

Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse.

To see an example of this calculated, keep on scrolling!

There are several types of pari-mutuel horse bets. A few of the most common are:

Straight Bets

• Win Bets: Choosing the horse that crosses the finish line first.
• Place Bets: You are betting on a horse to finish second.
• Show Bets: Placing bets on a horse to finish third.

Exotic Bets

• Exacta: When you pick the first and second place horse in that order.
• Trifecta: Select the first three finishers in a single race in order.
• Trifecta Box: Pick the first three finishers to finish in any order.
• Trifecta Key: Pick three horses, choose one to win and the others to come in second or third.
• Superfecta: Pick the order of the first four finishers in one race.
• Superfecta Box: Pick four finishers, they can finish in any order.
• Superfecta Key: Pick four finishers, choose one to win and the other three finish in any order.

Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables. Yet at Amwager, we post probable payouts for exacta and daily double wagers. Also for exotic wagers, the payouts are calculated differently. Once the house takes its cut, typically 15%, the rest is divided between the bet winners. Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount.

Sounds complicated? Here's how it breaks down:

Race: $100,000 in the winning bet pool.

House takeout: $15,000 (15%) (This means there is $85,000 available to be won).

Total bets on the winning horse: $42,500

Your personal bet on the winning horse: $2

He wins!

• To get the odds: $85,000 / $42,500 – $1 = $1.00 or 1 to 1 odds.
• To get the payout per dollar (or decimal odds) $85,000 / $42,500 = $2.00
• Your $2 bet will pay back a total of $4.00
• You made a profit of $2.00 on a $2.00 bet.

For easy math, we used round numbers. But in the real world, this does not always happen. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. This rounding is called breakage.

This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place your bets. At AmWager, we have our own horse racing handicapper that gives expert picks on upcoming races.

Best Odds in Horse Racing

Now that you know how to read and calculate horse racing odds, you are ready to take the bet! But when the day comes, it is good to know what your overall chances are in walking away a winner. Some bets have better horse racing odds than others. Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout.

Glossary: Horse Racing Odds Jargon

One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. Here are some of the vocabulary you need to know:

• Fixed-Odds: A bet where you get the odds advertised by the better operator at the time you place your bet. Please note that AmWager does not used fixed-odds.
• Late Money: When a horse gets a lot of money wagered right before a race.
• Odds-On: A term used for a strong favorite to win, when to have to actually spend more to win. A horse priced at 1/3 is odds on.
• Long Odds: This is an underdog bet, but if you win you'll receive many multiples of your stake back. A horse priced at 50/1 is long odds.
• Short Odds: This is a high chance to win, but you will only make a small profit. A 6/4 odd is short odds.
• Carryover: The money from a pari-mutuel pool if nobody selects the right winners. The money left in the pool is added to the next instance of that pool.
• Consolation: A payout even if nobody picks the right winners, the Pick 6 will give a small consolation payout to a play that 'almost' wins – this is where the term 'consolation prize' is coined. The consolation is usually much less than the full payout.
• Minus Pool: If the total amount of bets is insufficient to pay the holders of the winning ticket the legal minimums the track is required to make up the difference.
• Odds Board: The tote board, usually found in the infield.

And They're Off!

Crapless Craps Place Bet Payouts

When it comes to horse racing odds, there are so many factors to consider that it's no wonder some people find it confusing. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs.

Have fun at the race track, take a chance and hedge your bets! We hope this guide better explains horse racing odds and turns you into a confident bettor.

Craps Place Bet Payout Chart 2020

If you want to try and beat the horse racing odds, join our online betting platform and view live video of races!

Craps Place Bet Payout Chart Printable

See you at the finish line!