I've been reading web sites on craps betting and I'm confused...... If I play the don't and lay odds, will I have to pay a 5% commission if I win that bet..

I've played downtown and never paid any commission.. At least I don't think I did...Thanks..

 

Show us the website that says this

 

You're half right. Sort of.

If you're referring to odds on the don't pass line or don't come line, this is incorrect. The don't odds are the same as the pass odds - i.e. True odds with no house advantage.

The bet that requires commission on a win is called the lay bet.

Here's a description of this bet:


What is the lay bet? The lay bet is basically the opposite of a buy bet. This bet is usually made by the "wrong bettor" who is counting on the seven to appear before the point numbers (aka: "The Dark Side"). Lay bets also require a 5 percent commission on the projected win, which simply means whatever amount is wagered the casino will automatically trim 5 percent from the would-be winning total. Nice huh? The dealer will place a buy chip on the bet usually in the don’t come area of the layout just above the point number.

In order to get paid true odds on the 4 or 10 a player would have to bet $40 to win $20 (1 to 2 odds) which really means the player would have to pay $41 because the projected win is $20 thus requiring the $1 commission fee. Wow, that’s a big bet. Any bet smaller than $40 on the 4 or 10 will still be charged the $1 commission. The 5 and 9 would cost $30 to win $20 (laying odds at 2 to 3). The 6 and 8 would cost $24 to collect a $20 win (5 to 6 odds). Again, all bets will be charged at the least the $1 commission and usually more if the bet is double the minimum amount for the required commission.

 

You've misread it.

If you make a "lay" bet, which pays even odds, you have to pay a 5% commission on the win. It's the same as placing a "buy" on a number... but obviously you're betting on the 7 rather than the number.

 

One other thing I should mention... you have to pay the commission when you place the bet in AC. In Vegas you pay on the win. So, in Vegas it's a better bet.

And, you can get the commission down to around 3% or so since they won't factions of a dollar.

 

So then if I'm just betting don't and then lay odds, no commission.. thanks all

 

You got it. Probably one of the best bets in the casino in terms of house edge. Come on seven.....

 

Thanks Hard4,,,,,,,,,,,,,,, think I'm gonna rest the BJ for a while and go full tilt on Craps with the don't and odds and baccarat... That BJ is too volatile even playing basic strategy...

 

Sounds good Hugo. Good luck. Don't kid yourself though, craps can be just as volatile. Easy as pie when the table is hot or cold, but choppy tables are a mother.

Let us know how you do