Wager Mage
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Why bet 6 dollars on 6 and 8?

The true odds of rolling the numbers six and eight are 6 to 5 but a winning place bet on these numbers pays $7 to $6, so you must make your place bets on these numbers in multiples of six dollars. The house edge on the 6 and 8 is only 1.52 percent which makes it a very good bet.

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The pass line bet with odds is the best craps bet you can make because it has the lowest house edge. However, players can also wager on the numbers 4, 5, 6, 8, 9, or 10 at any time with a Place Bet. These numbers are sometimes referred to as “point numbers” or “box numbers," and the wagers go in the big boxes shown on the layout. Place bets are very valuable when a shooter is rolling many numbers, as you'll get paid each time the number repeats.

How to Make Place Bets

To make a place bet you put your chips in front of you on the layout and tell the inside dealer which numbers you want to cover. The dealer will then move your chips to the numbered box you want to wager on. Place bets are not self-service bets. The dealer keeps track of which bet belongs to which player by placing them strategically inside the box.

Winning Your Bet

After you place a number it must roll before a seven appears in order to win. When the shooter sevens-out, you lose all of your place bets. When you win a place bet the dealer will push you your winnings but the original bet stays where it is and keeps winning if the number keeps rolling. Your original bet will stay on the place number until the shooter sevens out or until you ask the dealer to take your bet down. You can take down your place bets anytime you want to. If the shooter makes their point the place bet will be turned-off for the come-out roll. Want it to work (win or lose) on the come-out? You've got to tell the dealer before the shooter releases the dice!

The Pay Out

The true odds of rolling the numbers six and eight are 6 to 5 but a winning place bet on these numbers pays $7 to $6, so you must make your place bets on these numbers in multiples of six dollars. The house edge on the 6 and 8 is only 1.52 percent which makes it a very good bet. The true odds of rolling a five or nine are 3 to 2 but a winning place bet on these numbers pays $7 to $, so you must make your place bets in multiples of five dollars. The house edge on the 5 and 9 is 4-percent. The true odds of rolling the for or ten are 2 to 1 but a winning place bet on these numbers pays $9 to $5. These numbers require bets in multiples of five dollars. The house edge on the 4 and 10 is 6.67 percent.

Place Bets

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What does 8 5 odds pay?

The odds and what they mean Odds Payoff range 8-5 $5.20-$5.50 9-5 $5.60-$5.90 2-1 $6.00-$6.90 5-2 $7.00-$7.90 22 more rows

Beginner's Corner

The odds and what they mean

The odds represent the publics opinion of each horse's chances of winning a race, based on how they actually bet. A horse's odds reflect how much has been bet on it to win the race. Horses that are given a better chance of winning (favorites) will pay off less than the horses that are not expected to run well (longshots). Odds in the newspaper or track program reflect a horse's morning line odds. Morning line odds are set by oddsmakers and handicappers before the betting actually begins, and are meant to represent the best estimation of what a horse's odds will actually be. Actual odds are posted before each race, and can change constantly until the race begins. The current odds are always posted on television and computer screens and on the racetrack tote board leading up to a race. The posted odds are based on win wagers only. All posted win prices are posted to reflect winnings for each $2 bet. If you are confused by the odds and are never sure what your horse is going to pay if it wins, it is easy to calculate the approximate payoffs by doubling the odds and then adding in the cost of a $2 wager. For example: If the odds are 4-1, a $2 win bet would pay $10 (4 x $2 = $8 + $2 = $10).

When in doubt, you can always consult the following table:

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