Lay Odds

In the game of craps, Lay Odds is a term referring to a type of bet where a player bets that a seven will be rolled before a specific number.

This bet is popular among experienced players both at land-based tables and in online casinos, as it combines low house edge with strategic gameplay.

Key Details of Lay Odds in Craps

Lay Odds bets in craps are an interesting wager for a number of reasons:

Lay odds is a unique bet in craps where the player is essentially betting against a specific number appearing before a seven.
The odds for lay odds depend on the specific number the player is betting against.
The house edge for lay odds is typically around 0.7%, making it one of the more favorable bets for the player in craps.
The payout for lay odds varies depending on the number being bet against.

How to Bet Lay Odds in Craps

To bet lay odds in craps, a player must first place a don't pass or don't come bet. Once this initial bet is made, the player can then lay odds by betting that a seven will roll before the number from their initial bet.

How Does Lay Odds Bet Work?

Once a point is established on the come-out roll, players can lay odds against that point number. They are betting that a seven will roll before the point number rolls again.

This is essentially betting on the likelihood of the dice landing on any number other than the point number before a seven.

Examples of the Lay Odds Bet in Action

For instance, a player places a don't pass bet. The come-out roll is a 4. The player then decides to lay odds against the 4.
They wager $20 on the lay odds bet. If a seven rolls before a 4, they win their bet.

Tips for Betting on Lay Odds

Understand the game: Before making any bet, it is important to fully understand the rules and strategies of craps.
Consider the odds: The odds for lay odds bets vary depending on the number being bet against. Be sure to understand these odds before [*]placing a bet.
Manage your bankroll: As with any form of gambling, it is important to manage your bankroll effectively to ensure you can handle any potential losses.