What are Place Bets?
Place bets are craps bets made during the point phase of the game. The place numbers are 4, 5, 6, 8, 9 and 10, and for the shooter they are known as the point numbers. Place bets are working unless requested otherwise, and they can be posted either to win or to lose – that is, ‘place to win’ or ‘place to lose’. Place to lose bets are harder to win from as they rely on the very high or low numbers being rolled, or on the shooter sevening out and ending the turn.
Place Bets Explained
In craps, one of the most common forms of bet is the ‘place bet’ – a bet on 4, 5, 6, 8, 9 or 10 to be rolled by the shooter. These place bets can be made to win or to lose, though they are usually seen as ‘on’ bets. The place bet is a working bet, which means that it can win several times over. Place bets lose when the shooter rolls a seven and ends their turn (or when the number is rolled before a seven, in the event of a ‘to lose’ bet).
If a selected place bet number is rolled by the shooter, the player receives a payout from the dealer immediately. However, the original stake remains in place and the shooter rolls again. Players can also request to turn their place bets off temporarily, and turn them back on again later in the round, if the shooter manages to avoid a seven for multiple turns.
‘Place bets’ is also heard sometimes as an instruction or order, or to advise when betting is open. For example, in electronic roulette or simulated racing, a ‘place bets’ indicator will appear at points in the game when betting is open. When this indicator is not shown, the game is in play and the player must wait for the next spin or race.