A new game is about to start. “Winner, winner, chicken dinner!”  You high-five everybody at that end of the table. The shooter rolls a 12. The Place Bet is similar to a Pass/Come bet, if you’re betting on one of the numbers 4,5,6,8,9, or 10 to be rolled before the 7 is rolled.The difference is you get to choose which number. How much do you win? The house edge on the 5 … The shooter rolls another 6. If you need to review our other article about basic craps math, now is a good time to do it. 17. Place: If you wager $2 to Place, your horse must finish first or second for you to collect. I know, I know, you don’t want to have to think. The stickman shouts, “No roll!”  Uh, oh, this is bad luck. 15. To a beginner, all those numbers on the tote board and hearing all of the horse racing odds jargon can be pretty daunting. They want to make smart bets, win 60-70 percent of the time, and move on to the next bet. The 6 is getting hot! The above calculations assume that the favorite either runs first or second. Place terms are the odds you get for the place part of your bet, whether that is the place part of an each-way bet or whether you have a ‘ place only ’ bet. Win Bets: Choosing the horse that crosses the finish line first. For both your Pass Line bet and Place bet, an 11 doesn’t matter. Therefore, based solely on house advantage, it’s clear that the “smartest” Place bets are on the 6 and 8, the second best are on the 5 and 9, and the third best are on the 4 and 10. Remember, the bet multiple is $6, and for every $6 you bet and win, you win $7. In this example, since you feel the table is getting hot, you decide to move it to a Place bet on the 4. The house advantage for Place bets is relatively low, which makes it one of the better bets on the table (we discuss good versus bad bets in another article). The dealer turns the puck OFF and puts it on the side of the table. The dealer knows you want Place bets on all the numbers, including the point, for $5 on the 4, $5 on the 5, $6 on the 6, $6 on the 8, $5 on the 9, and $5 on the 10. That means, for every $5 you bet and win, you win $9. This gives you a better idea of how small the house advantage is for these bets. The shooter rolls a 10; therefore, the point for this game is 10. And some believe that online betting … Very good! Pick up your $5 in winnings. To calculate the exact odds on your horse, just subtract the take from the total pool, then subtract the amount bet on your horse to give you the amount of cash to be paid out. Therefore, once you make a Place bet, the only numbers that mean anything in terms of winning or losing are the number you bet on and the 7. You can make a Place bet on as many of the numbers that you want. Therefore, divide your $18 bet by 6 = 3, and then multiply the 3 by $7 = $21. Therefore, the bet multiple for the 4 and 10 Place bets is $5. So, if the odds are listed as 2-1, you’ll get $2 for every $1 you bet. If your chips are moved out of position and behind the line, then the crew and camera might think they’re an Odds bet on the Pass Line. Each plays a unique role in (hopefully) netting you some cash. So, be aware of when your bets will be paid. “Winner, winner, steak dinner!”  You high-five everybody at that end of the table and the girl in the halter top gives you a big hug. Refer to the figure below for Player Positions and examples of their Place bets. Each player’s chips are positioned in these rectangles according to their player position around the table. Each race has a favorite. Everyone wants to be a winner, but the reality is that most of us do not fully understand the intricacies of horse racing odds. Want a better shot at walking away a winner? Your Place bets are still considered off because this is the come-out roll for a new game. Normally, Place bets are considered off on the come-out, but you want them working because the shooter is rolling lots of numbers. Don’t let it scare you into giving up on this great game! Let’s do one more to see if you’re truly worthy of hanging with James Bond. Whew! Show means a horse has finished in the third position. Give me some more of those pretty green chips!”. Calculating Payouts From Moneyline Odds. For all of your Place bets, the 7 doesn’t matter this time because your Place bets are automatically off on the come-out roll for a new game. However, I played this for $5 ea so the payout is 2 1/2 times the amount shown. This fluctuation is called pari-mutuel wagering, or pool betting. Have fun at the race track, take a chance and hedge your bets! 4. The players have the following Place bets in those rectangles (notice that the chips in those rectangles are carefully positioned to correspond with the Player Positions). The shooter rolls an 11. Our betting odds calculator takes a step further and calculates the percentage probability of winning and losing.The team would win 5 out of 6 games and lose 1 of them. Here we will explain and simplify horse racing odds to make betting easier. However, if you want it to remain “on” and working on the come-out, simply tell the dealer and he’ll put a little button labeled “ON” on top of your chips to indicate to the crew and camera that your bet is still working. Pick up all your Pass Line chips and winnings. To keep track of payouts for place bets, the dealers will start with the player located nearest to the stickman, and then pay out winnings in sequential order. For example, if you stand next to the dealer, he may prefer you to put your chips in the apron directly in front of you instead of in the Come box. Sure, placing a bet is easy enough but that is why most race goers walk out with less money than they came in with. The amount paid on the bet is unequivocal, (i.e. How to calculate odds. Simply put your chips in the Come box in front of you and tell the dealer to Place whatever number(s) you want. For example, suppose three players each have a Come bet and a Place bet on the number 5. The payout for each … You now have Place bets on the 5, 6, 8, and 9. One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. You make a $5 Flat Pass Line bet. Trifecta Key: Pick three horses, choose one to win and the others to come in second or third. The bet multiple depends on the Place odds. Yet at Amwager, we post probable payouts for exacta and daily double wagers. Things are getting a bit more interesting, so you pay more attention to the game and less attention to the babe next to you in her halter top rubbing against you shoulder-to-shoulder. 19. Another example, suppose the point is 5 and you want to make Place bets on the 4, 9, and 10. Now, you have five numbers working for you: Place bets on the 4, 5, 6, and 8; and the Pass Line with Odds bets on the point of 9. Your Place bet on the 6 wins again (remember, this bet is up to $12). These two rectangles are where the dealer positions all players’ Place bets. In the figure, we see that the point is 4 because of the white “ON” puck. The table is packed and you stand shoulder-to-shoulder between two gorgeous women (or men). The game continues. Now, your Place bet on the 6 is up to $12 (remember, Place bets on the 6 and 8 should be in multiples of $6). The dealer leaves the OFF button on your chips until you tell him you want the bet working again. After the come-out roll, the dealer then removes the ON button since the bet is then automatically understood to be on (i.e., working) after the come-out. The shooter rolls a 4 on the very next roll and you win. Most of the time, you need the dealer’s help to make a Place bet (i.e., generally, it’s not a self-service bet). 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