1. Betting both the (6) and (8) gives you a 10 to 6 advantage of one of your numbers hitting before the (7) The house edge on place betting the (6) or (8) is only 1.52%, one of the lowest on the table.
2. Winning players are paid 7:6 on their wager. How do you make a place 6 or place 8 bet? Simply place your wager under the dotted line of either the 6 or the 8 on the far side of the craps table and hope that Lady Luck is on your side.

1. Craps 6 And 8 Payout
2. Craps 6 And 8 Payout

How to win at Craps with Place Bets on 6 & 8 only.

The craps payout chart below shows various payout statistics such as what kind of craps bets, true odds, payout odds and the total house edge after everything has been calculated through. Note that these payout odds in the chart listed below are not the same in every casino or on all craps tables.

Today we continuing our recent series on craps betting strategies. We’ve already talked about two unique systems, or betting patterns, known as the 3 Point Molly and the Iron Cross. This time we’ll take a look at a cheaper craps system that offers similar odds of winning.

In short, the object is to set equal wagers on Place 6 and Place 8. At a table with $5 minimums, it will cost as little as $12 to set up ($6 per bet). You won’t be tossing out another $12 per roll, either. Best of all, it offers a house edge of just 1.52%; worse than strategy-based blackjack, but far better than roulette, and similar to baccarat.

That is, of course, the simple explanation. Keep reading to find out why this is one of the better ways to safely manage your bankroll, and ensure maximum entertainment for your wagering dollars.

How to Win at Craps with Place Bets on 6 & 8

Place Bets are wagers that can be made on a specific number. They’re often referred to as Point or Box numbers, because they’re the only numbers that can be established as a point on the shooter’s come out roll. They include 4, 5, 6, 8, 9 and 10.

The odds associated with each Place Bet number varies. The following chart shows the true odds, payout, and resulting house edge for each. Examine closely, and you’ll see why Place Bets on 6 and 8 are the only viable options for this craps betting strategy.

Lowest House Edge on 6 and 8

Because the 6 and 8 payout closest to the true odds, they offer the lowest house edge of 1.52% All other Place Bets present terrible odds of 4% to 6.67%. As every gambler knows, the lower the edge, the better the chance of winning.

6-Unit Increments Only!

The chart also shows why we must place these wagers in increments of $6. Place Bets on 6 and 8 pay 7-to-6, meaning for every 6 units wagered, a win will pay 7 units. If you were to place a $5 wager, you would get only $5 in return since the boxman rounds payouts to the nearest dollar. Suffice to say, $6 bets are critical to the value of this strategy.

Place Bets Ride It Out

Unlike Field Bets, which last for a single roll, Place Bets remain on the table until the shooter craps out (rolls a 7). If the shooter rolls a 3, a 9, a 5, another 3, a 12, a 4, a pair of 10s and then finally rolls an 8, you still win. All of those previous rolls mean nothing. Your bet is never removed unless a 7 rolls, in which case you lose them both.

Even when you win on 6 or 8, the bet stays in play. You will receive the winnings, but the bet doesn’t come down until a 7 is rolled, or you tell the boxman to remove it (your bet is returned).

Odds of Crapping Out

Last but not least, let’s take a look at the odds of rolling a 6 or 8, versus crapping out with a 7.

• 6: The odds of rolling a 6 are 13.89%
• 7: The odds of rolling a 7 are 16.67%
• 8: The odds of rolling an 8 are 13.89%

Technically, the 7 has the higher odds of rolling. However, since you’re betting on 6 and 8, you combine these odds for a 27.78% chance of winning, versus 16.67% chance of losing. That leaves a 55.55% chance of any other number rolling (i.e. nothing happens).

While that sounds like incredible odds, let’s remember each win brings you a 7-unit payout, while each loss results in a 12-unit decline. Thus, all in all, you have a 1.52% house edge to compete with, which comes out to a negative expectation of $1.52 per $100, or a loss of $0.18 per $12.

As always, the casino has the advantage, so you can’t expect every time that you’ll win at craps with Place Bets on 6 and 8. But expecting to lose $0.18 each time the shooter craps out offers a whole lot of entertainment value on a budget bankroll. With a little luck and responsibility on your part (i.e. knowing when to walk away), you just might come away with some extra change in your pocket!

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I recently discussed the Free Odds bet. https://roadgambler.com/craps/craps-simple-beginners-guide-free-odds-bet/ Let’s now discuss the cousin of the Free Odds bet, the place bet.

Place bets are one of the most popular bets in the game of craps.

The chips that are straddling the lines in the picture below are place bets. The green chips, resting on top of the red chips, are come bet odds.

The place bets above are identified by their placement in the middle of the box lines, whereas the come bet + odds are entirely inside the box.

WHAT ARE PLACE BETS?

Place bets are wagers that a 4, 5, 6, 8, 9, or 10 will roll before the number 7 rolls. The 4, 5, 6, 8, 9, and 10 are known as ‘box numbers’. They’re called box numbers because on the craps layout, the numbers are literally in an area that is box-shaped as seen in the pic above.

The player may wager on any, all, or any assortment of the box numbers.

Betting on all the box numbers is known as betting ‘across’.

Betting on the 5, 6, 8, and 9 is known as betting ‘inside’.

Betting on the 4, 5, 9, and 10 is known as betting ‘outside’.

A lesser known place bet assortment is betting on ‘even’, which is 4, 6, 8, and 10.

Generally, while some players say ‘even’ to signify betting on the 4, 6, 8, and 10, players generally do NOT say ‘odd’ to bet on the 5 and 9. They just say, ‘5 and 9’. The reason is that the term ‘odd’ has the meaning of the free odds bet.

Unlike the odds bet, however, a place bet does not need to be accompanied by a pass or come bet; in other words, there is no ‘flat’ bet requirement. A bettor can wager a place bet by itself, with no other bets on the table. As a matter of fact, many players play place bets and nothing else.

WIN-LOSS CONDITIONS OF THE PLACE BETS

The place bets have exactly the same win-loss conditions as the odds bet. The place bet will win if the point assigned to that odds bet rolls before the 7 rolls.

For example, if the place bet is on the 8, and the 8 rolls before the 7 rolls, then the place bet on the 8 will win.

If the 7 rolls before the 8 rolls, then the place bet on the 8 (and any other ‘working’ place bet) will lose.

Place bets can also be wagered and made live at any time. Be warned that typically if the bettor has a place bet, and the next roll is a come out roll, then the place bet will NOT be working unless the bettor tells the dealer that the place bet is working. Place bets, unless declared otherwise, are always presumed to be off on the come out roll.

PROPER BETTING INCREMENTS

You must be aware of proper betting increments on the place bets. Warning: betting increments on the place bets are different from the proper betting increments on the odds bets.

The following are the payouts for each point…

Place bet on 4 or 10

• Any increment of $5
• If the bettor is going to bet $20 or more on the place bet of 4 or 10, the bettor is better of ‘buying’ the 4 or 10.

Place bet on 5 or 9

• Any betting increment of $5
• If the bettor is going to bet $20 or more on the place bet of 4 or 10, the bettor is better off ‘buying’ the 5 or 9.

Point is 6 or 8

• Any increment of $6.
• Do not confuse the place bet increment of the 6 or 8 with the odds bet, which has a proper increment of $5.

PAYOFF ON THE PLACE BETS

Place bet on 4 or 10

• Every $5 increment will pay $9
• For example, if the bettor bets $10, the payout will be $18.
• The reason why the ‘buy’ is better is because if the place bet on the 4 or 10 is $20, then the payout will be $36; however, a buy bet of $20+1 will pay $40. Just think of it this way: for one extra dollar, you obtain an extra $4.

Place bet on 5 or 9

• Every $5 increment will pay $7
• For example, if the bettor bets $10, then the payout will be $14.

Point is 6 or 8

• Every $6 increment will pay $7.
• For example, if the bettor bets $12, then the payout will be $14.
• The penalty for confusing the place bet increment with the odds bet increment is that the casino will round down. For example, if the bettor bets $10 on the place bet, the casino will pay $11. The breakdown is that the first $6 will pay $7, and then the remaining $4 will pay even money $4. Thus, $7+$4=$11. If the player had bet an extra $2, instead of $10 place bet on the 6 or 8, the player would have gained an extra $4.

CONCLUSION

Place betting is one of the best bets at the craps table. While not as good mathematically as the odds bet, the place bet has the advantage over most other bets in that the place bets take, on average, 4 rolls of the dice to resolve. Imagine how much longer you could play, and how long your bankroll would last if on a game, such as blackjack, where you had to play four hands to win or lose one wager. Or if you had to spin the reel on a slot machine four times to determine a win or lose.

Most players are not fans of waiting out the protracted time it takes to resolve a single place bet. For those players, myself included, I prefer to make multiple bets, which is a viable option.

TEST YOUR MIGHT!

So now that you’ve read this article and you can identify the place bets on the layout, let’s take a little pop quiz.

In the pic below, identify the bets that are NOT place bets…

Answer below…

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Bonus question…

Craps 6 And 8 Payout

Of the chips in the pic directly above, with the four arrows, how many bets are NOT place bets? In other words, identify the bets that are NOT place bets…

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Craps 6 And 8 Payout

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Answer:

There are five bets that are not place bets.

The bets that are NOT place bets are the following:

Remember, the odds bet cannot be made without a come bet, so there is a come bet hiding under the odds bet.