Place Bet [Meaning] - MasterTerms.com

In a Place Bet, you can bet on any of the point numbers (4, 5, 6, 8, 9, or 10) at any time. If the chosen number is rolled before a 7, the player wins; if a 7 is rolled first, the player loses. The payouts vary depending on the odds of the number being rolled, with numbers like 4 and 10 having higher payouts due to their lower probability of appearing compared to 6 and 8.

Place Bet Example

For example, if a player places a bet on the number 8 and the dice land on 8 before landing on 7, the player wins the bet and receives a payout based on the casino’s odds.

Glossary: Payoff
Payoff refers to the amount of money a player receives from winning bets in Craps.
Glossary: Weak Bet
A Weak Bet is a type of wager in Craps that generally offers poor odds for the player. These bets often have a high house edge, making them less favorable compared to other betting options. For instance, betting on the Big 6 or Big 8 is considered a weak bet because, while they pay even money, the probability of winning is lower than other available bets, such as placing the 6 or 8.
Glossary: Change Only
Change Only in Craps refers to a betting option where a player adjusts their bet after a shooter has established a point, specifically changing a bet to a different value without adding new chips.
Glossary: Each-Way
Each-way is a betting term that allows a bettor to place two bets on a selection: one for it to win and one for it to place.
Glossary: Entire Horse
Entire Horse refers to a betting option where the bettor places a wager on the overall performance of a horse in a race. This encompasses various outcomes, including winning, placing, or showing, allowing for a broader range of betting possibilities.