Craps Buy Bets Payout
Buy bets (Y) function in the same way as place bets with one exception. Buy bets are paid at true odds, but a 5% commission is charged on the amount of the bet. Like Place bets, Buy bets are considered working bets, and will continue to be paid out each time a shooter rolls the Buy point number. In this example, the payout for the Buy and Place bets are equal, so the bets are considered a wash. By increasing the bet amount, you can make the Buy bet on the 5 and 9 better than the Place bet. Let’s compare a $50 Place bet to a $50 Buy bet. At 7:5 Place odds, your winning $50 Place bet wins $70. The 4 and 10 pay 9-5, true odds 10-5, yielding a house edge of 6.66%. The 5 and 9 pay 7-5, true odds are 7.5-5 (house edge 4%). The 6 and 8 pay 7-6, true odds are 6-5 (house edge 1.51%. Player pays 5% 'vigorish' to get true odds on all numbers. Only the 4 and 10 make buy bets worthwhile. They reduce the house edge to 4.76%. To make a Buy bet, click on the space marked Buy below the desired number square. Buy 6 Buy bets are 'ON' during the come-out roll. The Buy bet pays true odds less 5% of your winnings (commission fee or 'vig'), which is deducted from your winnings.
Game Objective:
The objective of the game is to roll a pair of dice on the Craps table and to predict their outcome. Player places bets or wagers on the outcome of the roll. The game focuses on speed and style while retaining all the qualities of the classic game. Turbo function can be used to control the speed of the action.
Game Features:
The message area located at the right bottom of the game screen and dealer audio will assist you while the game is in progress.
Game Options:
Click on Options to bring up the following list:
- Color Scheme: Use this option to choose the colour of the table (Green, Red, Blue, and Purple).
- Quality Setting: Use this option to choose the table quality view (Low, Medium and Advanced).
The player control area includes Roll, Undo and Clear Bets buttons, and a chip stacks to select different chip amounts. You can place bets by clicking the desired bet area, and remove bets by using the Undo button which will remove any bets that have just been placed. For convenience, the last chip value clicked on the chip stacks is held in memory (indicated with an animation) and can be repeated without returning to the chip stack. After placing bets, if player mouse over on the specific bet, total bet value for the respective bet will be shown in a tool tip.
Rules:
Craps is played with two dice. Chips are used to place bets. Craps is a game of rounds. A round begins with the player (dice roller/shooter) makes a eitherPass LineorDon't Passwager. After placing a Pass Line or Don’t Pass wager, the player is required to roll the dice (called 'come-out' roll). The round immediately ends when any of the following occurs:
- The come-out roll results in a total dice value of 7 or 11 (called 'natural').
- The come-out roll results in a total dice value of 2, 3, or 12 (called 'craps').
If the total dice value is 4, 5, 6, 8, 9, or 10 then a Point is made for the respective number (the number is marked with the ON puck on the Craps table). The player is required to roll again. The round ends when any of the following occurs:
- The roll results in a total dice value of the Point number (the number marked with the ON puck on the Craps table).
- The roll results in a total dice value of 7 (called 'seven-out').
The minimum and maximum bet limits for the game are EUR 0.5 and EUR 30,000 respectively.
Bets:
There are numerous betting options.
Pass Line:
Pass Line bets must be placed before the come-out roll is thrown. On the come-out roll, 7 or 11 wins, Craps (2, 3, 12) loses and the round is over. Any other number becomes 'point' (marked with the ON puck) and the round continues. After Point is established, to win the Pass Line bet, Point must be repeated (making point) before 7 is rolled (7 out). Once Point is repeated or 7 is rolled, the bet is settled and the round is over. The next roll becomes the new come-out roll (new round). For example, the come-out roll is 8, and becomes Point. The shooter continues to roll until an 8 (Pass Line wins) or 7 (Pass Line loses) is rolled. To make a Pass Line bet, click on the section of table marked Pass Line. Payout is 1:1 (even money). The Pass Line wager is a contract bet; it cannot be removed or reduced once the Point is established, until it wins or loses.
Don't Pass:
The Don't Pass bet is the opposite of the Pass Line bet except rolling a 12 is a push (tie) and the bet is returned to the bettor. Don't Pass bets must be placed before the come-out roll is thrown. On the come-out roll, 7 or 11 loses, 2 or 3 wins, 12 is a push. Any other number becomes 'point' (marked with the ON puck). To win the Don't Pass bet, 7 must be rolled before Point is repeated (making point). Once Point is repeated or 7 is rolled, the bet is settled and the round is over. The next roll becomes the new come-out roll (new round). For example, the come-out roll is 8, and becomes Point. The shooter continues to roll until an 8 (Don't Pass loses) or 7 (Don't Pass wins) is rolled. To make a Don't Pass bet, click on the section of table marked Don't Pass. Payout is 1:1 (even money). Don't Pass wager is a contract bet; it cannot be removed or reduced once the point is established, until it wins or loses.
'Come Out' Roll | Result |
---|---|
7 or 11 | PASS LINE wins DON'T PASS loses |
2 or 3 (Craps) | PASS LINE loses DON'T PASS wins |
12 (Craps) | PASS LINE loses DON'T PASS pushes (tie) |
4, 5, 6, 8, 9, or 10 (Point Established) | PASS LINE wins if Point repeats before 7 is rolled. DON'T PASS wins if 7 is rolled before Point repeats. |
Come:
Come bets are similar to Pass Line bets except they cannot be made on a come-out roll. 7 or 11 wins, 2, 3, 12 loses. Any other number becomes Come Point, indicated by moving the bet to the appropriate number square. To win the Come bet once the Come Point is established, Come Point must be repeated (made) before 7 is rolled (7 out). Once the Come Point is repeated or 7 is rolled, the bet is settled. To make a Come bet, click on the table area marked Come. The bet is moved to its corresponding number square when Come Point is established. i.e. Come Point 8 Come bets payout 1:1 (even money). Once Come Point has been established (Come bet moves to the respective number), Come bet can be removed but it cannot be changed (increased/decreased). More than one Come bet may be on the table awaiting resolution. Come bet resolution is independent of Pass Line and Don't Pass bets.
Don’t Come:
Don't Come bets are similar to Don't Pass bets except they cannot be made on a come-out roll. 7 or 11 loses, 2 or 3 wins, 12 is a push (tie). Any other number becomes Don't Come Point, indicated by moving the bet to the appropriate number square. To win the Don't Come bet once the Don’t Come Point is established, 7 must be rolled before Don't Come Point is made (repeated). Once Don't Come Point is repeated or 7 is rolled, the bet is settled. To make a Don't Come bet, click on the table area marked Don't Come. The bet is moved to its corresponding number square when Don't Come Point is established. i.e. Don't Come Point 5 Don't Come bets payout 1:1 (even money). Once Don't Come Point has been established (Don't Come bet moves to the respective number), Don't Come bet can be removed but it cannot be changed (increased/decreased). More than one Don't Come bet may be on the table awaiting resolution. Don’t Come bet resolution is independent of Pass Line and Don't Pass bets.
Odds Bet Overview:
You can accompany your Pass Line and Come bets with an Odds bet. Odds bet are not applicable for Don’t Pass and Don’t Come bets. The Odds bet is popular because it pays 'true odds' on your bet. True odds are based on comparing the chance of your number being rolled before the 7. To illustrate, the diagram below shows the 7's chance of being rolled (6 in 36) is twice that of the 4 (3 in 36) so placing an Odds bet in favor of the 4 will pay 2 to 1, in favor of the 7 will pay 1 to 2.
Points | Pass Line, Come Odds bets pay | Max Bet Limit |
---|---|---|
4 and 10 | 2 : 1 | 3 times of Pass Line / Come Bet |
5 and 9 | 3 : 2 | 3 times of Pass Line / Come Bet |
6 and 8 | 6 : 5 | 3 times of Pass Line / Come Bet |
Pass Line Odds:
Pays according to the table above. Click on the empty area behind the Pass Line bet area. A chip representing your Pass Line Odds bet will be placed. Pass Line Odds bet can only be made when there is a Pass Line bet placed on the table and after the Point is established. Pass Line Odds bet can be increased, removed and decreased. The Pass Line Odds bet can only be a MAX 3 times of the bet wagered on Pass Line bet.
Come Odds:
Pays according to the table above. Click on the Come Point number on the table. A chip representing your Come Odds bet will be placed. Come Odds bet can only be made when there is a Come bet placed on the table and after the Come Point is established. Come Odds bet can be increased, removed, decreased. After Come bet is placed, in next roll if user gets a Come Point number (4, 5, 6, 8, 9 and 10) then Come Odds will become ON on the respective Come Point number and user can place bet on Come Odds. The Come Odds bet can only be a MAX 3 times of the bet wagered on Come bet. Note: Come Odds are valid until removed or resolved. They are not 'turned off' during come out rolls as in traditional craps. Note: Odds are not offered for the Don't Pass and Don't Come bets.
Win:
Bets on specific numbers 4, 5, 6, 8, 9, 10 can be made using Win, Buy, Lose and Lay bets. i.e. LAY 5, BUY 6, Win 9 A Win bet on 4, 5, 6, 8, 9 or 10 is that the number will be rolled before the 7. Win bets are 'ON' during the come-out roll.
Points | Win Bet Payout |
---|---|
4 and 10 | 9 : 5 |
5 and 9 | 7 : 5 |
6 and 8 | 7 : 6 |
To make a Win bet, click on the space marked Win below the desired number square. Note: Win bets stay up after winning and must be removed manually. i.e. Win 9
Lay:
Bets on specific numbers 4, 5, 6, 8, 9, 10 can be made using Win, Buy, Lose, and Lay bets. i.e. Lay 5, Buy 6, Win 9 A Lay bet on 4, 5, 6, 8, 9 or 10 is that the 7 will be rolled before the number.
Points | Lay Bet Payout |
---|---|
4 and 10 | 1 : 2 less 5% of winnings |
5 and 9 | 2 : 3 less 5% of winnings |
6 and 8 | 5 : 6 less 5% of winnings |
To make a Lay bet, click on the space marked Lay above the desired number square. i.e. Lay 5 LAY bets are 'ON' during the come-out roll. The LAY bet pays true odds less 5% of your winnings (commission fee or 'vig'), which is deducted from your winnings.
Buy:
Bets on specific numbers 4, 5, 6, 8, 9, 10 can be made using Win, Buy, Lose, and Lay bets. i.e. Lay 5, Buy 6, Win 9 A BUY bet on 4, 5, 6, 8, 9 or 10 is that the number will be rolled before the 7.
Points | Buy Bet Payout |
---|---|
4 and 10 | 2 : 1 less 5% of win amount |
5 and 9 | 3 : 2 less 5% of win amount |
6 and 8 | 6 : 5 less 5% of win amount |
To make a Buy bet, click on the space marked Buy below the desired number square. i.e. Buy 6 Buy bets are 'ON' during the come-out roll. The Buy bet pays true odds less 5% of your winnings (commission fee or 'vig'), which is deducted from your winnings. Note: this differs from traditional craps where the commission for Buy bets are taken from your bet prior to the return being calculated. Buy and Lay bets, where a 5% commission is charged on the win amount, rounding* to cents is applied before the commission is deducted. *Note that all rounding in this craps game uses the 'banker’s rounding' or 'half even rounding' method. This means that half cents go up if the cents are odd, and down if the cents are even. For example 1.335 becomes 1.34 as expected, but 1.325 becomes 1.32.
Lose:
Bets on specific numbers 4, 5, 6, 8, 9, 10 can be made using Win, Buy, Lose, and Lay bets. i.e. Lay 5, Buy 6, Win 9 A Lose bet on 4, 5, 6, 8, 9 or 10 is that the 7 will be rolled before the number.
Points | Lay Bet Payout |
---|---|
4 and 10 | 5:11 |
5 and 9 | 5:8 |
6 and 8 | 4:5 |
To make a Lose bet, click on the space marked Lose above the desired number square. i.e. Lose 5 Lose bets are 'ON' during the come-out roll.
Big 6 and Big 8
Bets that a 6 or an 8 will be rolled before a 7. To make a Big 6 or Big 8 bet, click the section of the table markedBig 6 or Big 8. Big 6 and Big 8 bets pay 1 to 1 (even money). Big 6 and Big 8 bets can be increased, reduced, and removed at any time. Big 6 and Big 8 bets are ON during the Come-out roll.
Field:
A one-roll bet that the next roll will be a 2, 3, 4, 9, 10, 11 or 12. To make a Field bet, click the section of the table markedField. 2 pay double or 2 to 1. 12 pay triple or 3 to 1. 3, 4, 9, 10, 11 pay 1 to 1 (even money). Field bet is ON during the Come-out roll.
Propositions Bets:
Proposition bets are located on the right side of the Craps table. To make a proposition bet, click on the desired square.
Hardways:
When a pair (matching dice) is used to make a number it's called the 'hard way', because there is only one way to make them. i.e. Two 2's are 'Hard 4'. Both 1 and 3 AND 3 and 1, are 'Soft 4'. A Hardways bet is a bet that the hard number will come up before a 7 or the soft number. Hardways numbers are 4, 6, 8, and 10.
Hard Bets | Wins if rolled before | Payout |
---|---|---|
Hard 4 | 7 or soft 4 (1+3, 3+1) | 7 : 1 |
Hard 6 | 7 or soft 6 (1+5, 5+1, 2+4, 4+2) | 9 : 1 |
Hard 8 | 7 or soft 8 ( 2+6, 6+2, 5+3, 3+5) | 9 : 1 |
Hard 10 | 7 or soft 10 (4+6, 6+4) | 7 : 1 |
Hardways bets are ON during the come-out roll.
One Roll Bets:
2 (snake eyes or Aces):Wins if the shooter rolls a 2.3 (ace-deuce):Wins if the shooter rolls a 3.Yo:Wins if the shooter rolls an 11.12 (boxcars, midnight, or cornrows):Wins if the shooter rolls a 12.Any Craps (Three-Way):Wins if the shooter rolls 2, 3 or 12.C & E:A combined bet, a player is betting half their bet on craps and the other half on yo (11). One of the two bets will always lose, the other may win.Any seven:Wins if the shooter rolls a 7.The Horn:This is a bet that involves betting on 1 unit each for 2, 3, 11 and 12 at the same time for the next roll. The bet is actually four separate bets, and pays off depending on which number is actually rolled, minus three units for the other three losing bets.Field:as explained above. One Roll Bets are ON during the come-out roll.
Bets | Description | Payout |
---|---|---|
ANY SEVEN | 7 next roll | 4 : 1 |
TWO | 2 next roll | 30 : 1 |
TWELVE | 12 next roll | 30 : 1 |
HORN | 2, 3, 11, or 12 next roll | 3 or 11 pays 15 : 1 2 or 12 pays 30 : 1 |
THREE | 3 next roll | 15 :1 |
ELEVEN | 11 next roll | 15 : 1 |
ANY CRAPS | 2, 3, or 12 next roll | 7 : 1 |
C&E | 2, 3, 11, or 12 next roll | Craps pays 7 : 1 Eleven pays 15 : 1 |
How to play:
- Select the amount you want to wager by clicking on the chip of that denomination.
- The selected chip will animate.
- You can decrease the amount wagered by clicking on UNDO button.
- Once the wagers are placed on one or more positions, Roll, Undo and Clear Bets buttons are enabled. The 'Roll' button will be enabled only if a bet equal to or more than the minimum bet is placed on PASS LINE or DON'T PASS.
- After completing the current round, 'Repeat Bet' and 'Repeat Bet and Roll' buttons are enabled.
- Once a come-out roll has 'come-out' (i.e. a 4,5,6,8,9,10 has been thrown) then the only option available is 'Roll'. At this point a player can place more chips on valid bets. If they place more chips, the Undo and Clear Bets buttons become available. Clear Bets only clears bets made since the last roll. Once the Point number or a 7 has been rolled, game will end on the bets PASS LINE or DON'T PASS.
- To start a new round with the same bet(s), click on the 'Repeat Bet And Roll' button.
- To repeat the same bets without starting a new round, click on the 'Repeat Bet' option.
- To remove bets for any given position, click on Undo or Clear Bets button.
- Your game balance is displayed at the bottom left-hand side of the game screen.
- Click on 'REBUY' to buy more credits into the game from your PartyCasino account.
- Click on 'RULES' to view the game rules.
- Click on 'GAME LOGS' to view the logs of the games you have played.
- Click on 'VERSION' to view the current version number of the game.
- TURBO ON/OFF: By default the game will be in TURBO OFF mode, during which the dice animate when thrown. Click on ON to turn off the animation.
- To exit the game, click the X button in the upper right-hand corner.
Pay Table:
Bet odds
Bet | Odds Paid | House Edge | Return to Player | Bet Limits () |
---|---|---|---|---|
Pass / Come | 1:1 | 1.41% | 98.59% | 0.5 - 5000 |
Don’t Pass / Don’t Come (Bar 12) | 1:1 | 1.36% | 98.64% | 0.5 - 5000 |
Pass Odds / Come Odds | 2:1 on 4 or 10 3:2 on 5 or 9 6:5 on 6 or 8 | 0% | 100% | 0.5 - 15000 |
Yo (11) | 15:1 | 11.11% | 88.89% | 0.5 - 5000 |
3 | 15:1 | 11.11% | 88.89% | 0.5 - 5000 |
2 | 30:1 | 13.89% | 86.11% | 0.5 - 5000 |
12 | 30:1 | 13.89% | 86.11% | 0.5 - 5000 |
Any Craps | 7:1 | 11.11% | 88.89% | 0.5 - 5000 |
C & E | 7:1 on craps 15:1 on 11 | 11.11% | 88.89% | 1 - 5000 |
Any 7 | 4:1 | 16.67% | 83.33% | 0.5 - 5000 |
Field | 1:1 on 3,4,9,10 or 11 2:1 on 2, 3:1 on 12 | 2.78% | 97.22% | 0.5 - 5000 |
The Horn | 30:1 on 2 or 12 15:1 on 3 or 11 | 12.50% | 87.50% | 2 - 5000 |
Hardway 4 / Hardway 10 | 7:1 | 11.11% | 88.89% | 0.5 - 5000 |
Hardway 6 / Hardway 8 | 9:1 | 9.09% | 90.91% | 0.5 - 5000 |
Big 6 | 1:1 | 9.09% | 90.91% | 0.5 - 5000 |
Big 8 | 1:1 | 9.09% | 90.91% | 0.5 - 5000 |
Win 4 / Win 10 | 9:5 | 6.67% | 93.33% | 0.5 - 5000 |
Win 5 / Win 9 | 7:5 | 4% | 96.00% | 0.5 - 5000 |
Win 6 / Win 8 | 7:6 | 1.52% | 98.48% | 0.5 - 5000 |
Lose 4 / Lose 10 | 5:11 | 3.03% | 96.97% | 0.5 - 5000 |
Lose 5 / Lose 9 | 5:8 | 2.50% | 97.50% | 0.5 - 5000 |
Lose 6 / Lose 8 | 4:5 | 1.82% | 98.18% | 0.5 - 5000 |
Buy 4 / Buy 10 | 2:1 less 5% commission | 5% | 95% | 0.5 - 5000 |
Buy 5 / Buy 9 | 3:2 less 5% commission | 5% | 95% | 0.5 - 5000 |
Buy 6 / Buy 8 | 6:5 less 5% commission | 5% | 95% | 0.5 - 5000 |
Lay 4 / Lay 10 | 1:2 less 5% commission | 5% | 95% | 0.5 - 5000 |
Lay 5 / Lay 9 | 2:3 less 5% commission | 5% | 95% | 0.5 - 5000 |
Lay 6 / Lay 8 | 5:6 less 5% commission | 5% | 95% | 0.5 - 5000 |
The probability of dice combinations determines the odds of the payout. The following chart shows the dice combinations needed to roll each number. The two and twelve are the hardest to roll since only one combination of dice is possible. The game of craps is built around the dice roll of seven, since it is the most easily rolled dice combination.
Dice Roll | Possible Dice Combinations |
---|---|
2 | 1-1 |
3 | 1-2, 2-1 |
4 | 1-3, 2-2, 3-1 |
5 | 1-4, 2-3, 3-2, 4-1 |
6 | 1-5, 2-4, 3-3, 4-2, 5-1 |
7 | 1-6, 2-5, 3-4, 4-3, 5-2, 6-1 |
8 | 2-6, 3-5, 4-4, 5-3, 6-2 |
9 | 3-6, 4-5, 5-4, 6-3 |
10 | 4-6, 5-5, 6-4 |
11 | 5-6, 6-5 |
12 | 6-6 |
The theoretical return to player of this game depends on the bet made. Pass/Come with full odds pays 99.53% Otherwise refer to the paytable above for individual bet returns.
I could not complete the game. What should I do?
If the player gets disconnected in the middle of the game and it is a non-winning game, the game is automatically completed. You will be able to find out the result by clicking on the 'Game Logs' button once you have logged back in.
If the player gets disconnected in the middle of a winning game, the incomplete game will be presented to the player on relogin and continue from where it was disconnected.
If you are still having problems, please contact our 24/7 Customer Care team.
Malfunctions Voids all Pays and Plays
The game of craps is one of the most diverse and versatile that you will find on the casino floor. You can often guess the craps table simply by the sheer number of spectators, which often outnumber the players themselves. Indeed, craps is one of the most popular casino games out there and one of its advantages are the multiple betting options at your disposal. This allows you to experience craps in several different ways since each bet type offers its own unique payout ratios and odds.
In this guide, we would like to bring to your attention the so-called Buy bets that you can place. Below, you will find detailed explanations about the bets themselves, the house edge and odds, as well as, our recommendation regarding this bet type.
Buy Bets Explained
The term ‘Buy bets’ refers to a number of betting options on the craps table which bear a slight resemblance to the place bets, which we cover in a different article. However, where the two bet types differ makes all the difference. The main difference between place and Buy bets lies in the amount of money that you receive at the end of the roll. A typical place bet will feature house odds very close to the true odds, with a small difference. On the other hand, Buy bets pay the true casino odds with no house edge. But there is a twist. For every winning Buy bet, you have to pay a commission of 5% on the amount wagered.
This is referred to as ‘vig’ or ‘vigorish’ in the world of casino gambling. Essentially, but bets are called such since you are paying for the privilege of receiving a true odds payout. While that might sound somewhat contradictory it is the way of things and Buy bets are by far the best wagers featured at the craps table, where odds are concerned.
At land-based casinos, you announce that you wish to place a Buy bet. You place your chips where the stickman tells you to, after which they will pull them closer and place a ‘Buy’ marker on them. Once the bet is concluded and you have won it, the stickman will give you your winnings and ask for the house commission. Typically, most casinos do not have chip denominations worth less than a dollar, so it will be rounded to the nearest whole number. Therefore, you are expecting to pay a minimum of $1 in commission. At online casinos, the process is much more streamlined since the software handles everything for you and all you have to do is sit back and enjoy the game.
As far as what the Buy bets in particular are, you will have multiple numbers to bet on. Specifically, 4, 5, 6, 8, 9 and 10, though betting on certain numbers will pay more than on others. Much like place bets, Buy bets are ‘standing bets’ and as such, they are not automatically lost on the first roll of the dice. Buy bets can remain on the table until the bet is won or until a roll has a total of 7. Keep in that Buy bets can have a minimum value, though this is more dependant on the establishment or the software provider – in the case of online casinos – more than anything else.
Buying the 4 and the 10
Craps Buy Bet Payout
Buying the 4 and/or the 10 is the most worthwhile Buy bet on the craps table, both in terms of odds and payout. Whenever you make such a wager, you are betting on whether or not the next roll of the dice will result in a 4 or a 10. A winning 10 or 4 Buy bet will pay even money (2:1), whereas a place bet on the same numbers will pay 9:5. As a result, Buy bets are the way to go when wagering on these numbers.
Buying the 5 and the 9
Buy bets on 5 and 9 come with the same odds of winning of 3:2 and the payout odds are the same. Generally speaking, this is the middle of the road wager where Buy bets are concerned, worse than 4 and 10, but better than 6 and 8. As far as how worthwhile this bet is, one has to look at how the casino applies the commission. If it is charged only on winning bets, then this bet is worth it. We will go more into that later.
Buying the 6 and the 8
The 6 and 8 Buy bets are the third and final Buy bet type that you will find on the craps table. As it happens, this bet is the one that gets the short end of the stick in terms of odds and payouts. Unlike the previous two, the 6/8 Buy pays only 6:5, meaning that for every $10 that you wager, you stand to win $12 before the commission is charged. As far as its Place equivalent is concerned, the 6/8 Buy features worse odds and a lower payout ratio in all circumstances.
Buy Bets Odds and House Edge
As mentioned previously, Buy bets are some of the most favorable in craps where odds are concerned. Unlike many of the other betting options, Buy wagers pay true odds, meaning that you receive a payment equal to the probability of winning the bet. This is the best possible ratio that you can get at any casino game. Though there is also the commission to consider, so in this point, we will discuss everything you need to know about the mathematical aspect of Buy bets.
Above, we stated that the commission is charged on Buy bets but what we did not mention was that land-based casinos choose to implement on their own discretion. Certain establishments charge commission on the bet regardless of the outcome, a few even charge it on the end sum, while there are even some that choose to forgo it on particular bets. However, it is becoming common practice to apply the commission only on the initial bet and only if it wins. We will use the last metric for the purposes of this guide, as it is the common form of commission that you will experience.
For comparison, the Place bet equivalent would feature a payout of 9/5 and on a $10 bet, our net balance would be $18. While a $1 difference may not seem to much too you, this is because we are dealing with smaller numbers. As soon as you start placing higher bets, the difference will be much more pronounced. In terms of casino advantage, the Place 4/10 bet has a 6.67% house edge, much higher than the Buy bet with its mere 1.67%.
The 5/9 Buy bet is where things start to become interesting. This bet has a payout ratio of 3:2 and still comes with a 5% on winning bets. So for a $100 bet, we stand to win $150 without the commission. When it is applied, we pay $5 to the casino and come out with a net balance of $145. This translates into 1.96% casino advantage as long as the commission is charged only on wins. The 5/9 Place bet, on the other hand, offers a payout of 7:5, which is somewhat lower than its Buy counterpart. For a winning $100 Place bet on 5/9, we will have a net balance of $140. As a result, the house edge of the Place bet is 4%. What you should take from this is that the Buy 5/9 bet is worthwhile if the casino charges the commission only on winning bets and in all other cases, you should take the Place option instead.
Finally, the 6/8 Buy bet comes with a payout ratio of 6:5. So if we take a $100 Buy bet on 6 and 8 and we win, then we will bring in $120 before the commission. After the commission is charged, we will be left with a net balance of $115. This makes for a house edge of 2.22%, provided that the commission is only charged on winning bets. For comparison, the 6/8 Place bet has a payout ratio of 7/6, so a $100 Place bet would bring in $116, resulting in a house edge of 1.52%. This makes the Place 6/8 bet more worthwhile than the Buy 6/8 counterpart. The odds shift even further in the favor of the Place bet, if the casino charges commission on all Buy wagers, regardless of the outcome.
Are Buy Bets Worth It?
Buy bets are certainly some of the better ones that you can place on the craps table. You have several different options when it comes to choosing, though you should always keep the commission in mind. While the idea of Buy bets are sold to the public as offering true odds, this is only half-way true. The vig will take a small percentage of your winnings and it, in turn, serves as the house edge in this sense. Even after the commission is charged, however, the difference is not too big.
Additionally, the commission also makes serves to disincentivize small-scale betting. A 5% vigorish does not sound too much, and it really is not, but once you factor in that the minimum commission stands at $1.00 you will have a different outlook. Since land-based casinos do not offer chips in lower denominations than $1, the commission is rounded up to the nearest full number. Moreover, the commission has to be paid, so by default, it is $1. This means that for bets of $50 and lower, the commission will always be $1.
Another thing you also need to take into account is that certain Buy bets have higher house edge values than particular Place bets. Namely, the Place 6/8 will always have a lower casino advantage than the Buy 6/8, albeit the difference is small. The Buy 5/9 will have worse odds than the Place 5/9, IF the commission is charged on all bets, rather than only on winning ones. However, the Buy 4/10 will always be a better choice than the Place 4/10, with a difference of ~2-4%, depending on how commission is charged.
Of course, you should do your research and look over the other possible betting options available at the craps table. On our website, we have guides for every aspect of craps that you need to concern yourself with, so be sure to check out the other craps bets.
Craps Lay Bets Payout
Conclusion
Overall, the Buy bets at craps are some of the simplest out there. This game really lends itself to all kinds of players and the variety of betting options makes it worth the trouble. As far as the Buy bets are concerned, they certainly have their uses. Based on our descriptions above, you should now understand that certain bets are more appropriate than others, taking into account payout ratios and house edge values. Therefore, you need to carefully consider where you will place your stack of chips. Truth be told, you can do a lot worse than Buy bets and even if you do not play at the best possible way, you should not see much in the way of consequences.