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- Place Bet: 6 or 8, paying just over 1/1 at 7/6. The house edge is just 1.52%. Pass Line: 4 or 10, pays 2/1 with a house edge of 4.76%. Why choose this bet in craps? Pass line odds are decent, and you avoid dealing with a large house edge. Craps: 2 or 12, one of the most fun bets to place with a 30/1 payout. Only for true gamblers.
Craps 'place bets' are wagers directly on numbers four through six or eight through 10. The bets win if the matching numbers show and lose if a seven appears. Other rolls yield no decision. The house is favored on each place bet: 6-to-5 on six and eight, 6-to-4 on five and nine, and 6-to-3 on four and 10. Place bets can be taken down or called off at anytime. Only the come odds bet can be taken down or called off. You can increase or decrease your place bets at anytime. You can’t do that to an established come bet and if you wanted to make a larger come bet, you would still have to have that number thrown twice in order to win.
| Win Odds | 1/4 Place Odds | 1/5 Place Odds |
|---|---|---|
| 4 | 1.75 | 1.6 |
| 4.2 | 1.8 | 1.64 |
| 4.333 | 1.833 | 1.666 |
| 4.5 | 1.875 | 1.7 |
| 4.6 | 1.9 | 1.72 |
| 5 | 2 | 1.8 |
| 5.5 | 2.125 | 1.9 |
| 6 | 2.25 | 2 |
| 6.5 | 2.375 | 2.1 |
| 7 | 2.5 | 2.2 |
| 7.5 | 2.625 | 2.3 |
| 8 | 2.75 | 2.4 |
| 8.5 | 2.875 | 2.5 |
| 9 | 3 | 2.6 |
| 10 | 3.25 | 2.8 |
| 11 | 3.5 | 3 |
| 12 | 3.75 | 3.2 |
| 13 | 4 | 3.4 |
| 14 | 4.25 | 3.6 |
| 15 | 4.5 | 3.8 |
| 16 | 4.75 | 4 |
| 17 | 5 | 4.2 |
| 18 | 5.25 | 4.4 |
| 19 | 5.5 | 4.6 |
| 20 | 5.75 | 4.8 |
| 21 | 6 | 5 |
| 23 | 6.5 | 5.4 |
| 26 | 7.25 | 6 |
| 29 | 8 | 6.6 |
| 31 | 8.5 | 7 |
| 34 | 9.25 | 7.6 |
| 41 | 11 | 9 |
| 51 | 13.5 | 11 |
| 67 | 17.5 | 14.2 |
| 101 | 26 | 21 |
| 151 | 38.5 | 31 |
| 201 | 51 | 41 |
This table helps you calculate each way place odds in decimal format.
We don’t provide the odds for under 4.0 (3/1) as we would not advise betting on these horses each way.
It may make your account stand out too much – after all, if your horse did place at these odds or less then it would still lose you money overall. In fact, this is true for any horse under the odds of 5.0 for 1/4 odds races and under odds of 6.0 for 1/5 odds races.
To find out whether you need to calculate at a quarter or a fifth of the odds, you will find the relevant information on the race on the bookmaker’s site like so:
This means that the each way ‘place’ odds for the race are calculated at 1/4.
It also shows that places 1 and 2 in the race qualify for the ‘place’ parts in this race.
In big horse racing events like Cheltenham Festival, you will typically find that there are 3-to-5 places paid. This depends on how many horses there are in the race and also if any promotions are running.
Craps Place Bets
In the Grand National at Royal Ascot, you may even find some bookmakers offering 6, 7 or even 8 places paid.
Craps Odds On Place Bets
This is great for matched bettors as we can exploit the extra places in an attempt to hit a big win.
Craps Place Bet Payouts
Watch: How to Make Profits on Each Way Bets