A Place bet is a “standing” bet, meaning the bet stays working, or standing, until it wins or loses, or until you remove it. It can be made on any of the point numbers: 4, 5, 6, 8, 9, and 10. Like the Pass Line bet, it works against the number 7. After making a Place bet, the only numbers that matter are the Place number and 7; all other numbers are meaningless. After making the bet, each subsequent roll can produce one of three outcomes: 1) a 7 shows and your Place bet loses, 2) the Place number shows and your Place bet wins, or 3) any other number shows and nothing happens to your bet (i.e., all others number have no affect on your Place bet).
Place bets don’t pay off according to true odds. Instead, the house gets its advantage by paying them off at less than true odds (i.e., they stick it to the player by not paying their fair share when the player wins).
The Place odds aren’t quite as good as true odds. The house sticks it to the player to make money by paying less than true odds. For a winning $5 bet on the 4 or 10, the Place odds pay only $9, but the true odds say we should be paid $10. For a winning $10 bet on the 5 or 9, the Place odds pay only $14, but the true odds say we should be paid $15. And for a winning $30 bet on the 6 or 8, the Place odds pay only $35, but the true odds say we should be paid $36.
You might think, “How much do I put down to make a Place bet?” As always, the bet amount depends on the odds. The Place odds for the 4 and 10 are 9:5, and the Place odds for the 5 and 9 are 7:5. Therefore, Place bets for the
The Place odds for the 6 and 8 are 7:6, which means the bet should be in multiples of $6. For example, a winning $12 Place bet on the 6 gets you $14. A winning $30 Place bet on the 8 gets you $35. Do the math. For your $30 Place bet on the 8 (which has Place odds of 7:6), $30 divided by 6 = $5, and $5 x 7 = $35.
Know the difference between Place odds and true odds. Learn the difference so y