Craps Lay Bet Vig
The house isn’t going to let you get away with that. So, as with the Buy bet, you have to pay a vig for the privilege of getting true odds The vig for the Lay bet is the same as for the Buy bet. Let’s look at an example where you want to Lay a bet on the 8 for $60. Alternative rules and bets such as the Fire Bet, Crapless Craps, and Card Craps. California craps. How craps is played in California using playing cards. Craps game using cards at the Viejas casino in San Diego. Number of Rolls Table. Probability of a shooter lasting 1 to 200 rolls before a seven-out. How much is the vig for buy bets and lay bets, when is this paid by the guest? BUY: 5% of bet, paid when the bet is placed; LAY: 5% of win, paid when the bet wins. Lay bets in craps are the opposite of place bets for the “right” bettors who bet with the shooter. Before the explanation, one aside: Don’t let the “Dark Side Craps” and “Wrong Craps” nicknames get to you. This bet wins if the point is rolled before a 7. Pay offs are the same as the odds but casinos take a 5% vig on the bet. Wins pay 2 to 1 (4 or 10), 3 to 2 (5 or 9) and 6 to 5 (6 or 8). The opposite to the Buy Bet. A Lay Bet can be placed on any point and wins if a 7 is rolled before the point.
Lay bets, as I'm sure most of you know, are exactly the opposite of Buy bets. You can Buy the Four for $20 plus $1 vig and win $40. Or you can Lay the Four for $40 plus the $1 vig and win $20. Okay, you win $39 and $19 net because of the juice, but you get the idea. 
The house doesn't really care which way you wager - as long as they get their commission. But a lot of players dislike betting 'more' to win 'less,' which gets us to what I believe is the most common use of the Lay bet - as a hedge to get a flat bet established. After all, a $40 Don't Come bet that wins pays you $40 - not $20. The problem is getting that $40 DC bet established without getting whacked by the seven or eleven. Most folks who use something like a $41 No Four to hedge a $20 DC bet don't worry so much about the eleven - it's the seven that kills you most of the time. So you'll see them combine that $41 lay bet with a $20 DP or DC, and once the DP/DC is established they take down the 41 Lay bet and the DC becomes their dominant point.
Let's step up to the table in Heavy's Perfect World Casino and see if we can draw an example for you that even the famous gaming author could understand. Come out roll - dice are about to go out. You drop $20 on the DP and toss $41 on the table and tell the dealer '$41 No Four.' He sets he Lay bet up. The shooter tosses the seven. You lose $20 on the DP but win net $19 for the $41 No Four. You re-set your $20 DP and the shooter tosses again - five is the point. Now you take down the $41 No Four and you have $20 established on the five that's going to pay you even money if and when the shooter sevens out. Simple hedge betting.
Let's say you get to the table and there's already a point established and you'd like to get some action on the Don'ts. You can still lay $41 against the four or ten to hedge a $20 DC just like we did above. Or, you might want to take another approach - like laying against the point. Let's say the point is still Five. You toss $31 on the table and tell the dealer you'd like to Lay $31 No Five. Why? The odds are roughly 3 to 2 against the shooter making his pass so this isn't a bad bet. And your exposure is less than when laying the four or ten - you save $10 on the Lay. So, we'll Lay $31 No Five and play $20 on the DC. Next toss the shooter rolls the six and your DC travels to the six. Take your $31 Lay bet against the five down and the six becomes your primary Don't bet.
But wait a minute. The six is a pretty easy number to repeat, right? Do you really WANT a Don't bet on the six? The answer is - absolutely. You're going to win that bet five out of six times. But if you're really concerned about the possibility of LOSING that bet you can always use a PLACE bet as a hedge against the number repeating. Place the six for $18. Now you're guaranteed at least a $1 win regardless of what happens with the six. A buck is a buck is a buck.
Craps Buy Bet Vig
Are their people out there who just like Lay betting and will use them like yours truly uses Buy bets? Sure. Am I one of those people? Absolutely not. Put me in the 'don't like risking more to win less' category.Some people do confuse Laying Odds with Lay Betting. They are two completely different animals. Laying odds is adding Free Odds to your Don't Pass or Don't Come bet. It's just the opposite of the Free Odds bet on the right side. For example, instead of
taking $10 odds to win $12 on the six or eight come bets - you'd Craps Lay Bet Vigilante
lay $12 odds to win $10 on the don't come bets on the six or eight. For those of you who are still learning the Don'ts - here's a number that will work for any Free Odds lay bet you wish to make. Once your DP or DC is established you Lay $30 odds. That will pay $15 on the four or ten, $20 on the five or nine, or $25 on the six or eight and will be correct bet on a $5 3/4/5x odds game.