Fixed odds & betting on all the major sporting events including Belarusian Premier League, Nicaraguan Primera Division and Tajikistani Higher League. Bet In-Play Cash Out New Customer Bonus. 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. Obviously for placing, rather than winning you will get smaller odds than the win odds. The place terms for an event will be advertised on that event by the online bookmakers. The mutuel payoff amount for win, place and show bets in the United States is the payout for a $2 bet, the minimum amount for these bet types at TwinSpires. When calculating the payout for a $2 bet compared to the listed horse betting odds, divide the first number in the odds by the second number, multiply that by 2, and then add the standard. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits. Examples: Below is an example of NFL betting odds taken from an online betting site. As you can see here, the payouts are slightly lower than true odds. The house edge for place 4 and place 10 is 6.67%, the house edge for place 5 and place 9 is 4.00% and the house edge for place 6 and place 8 is a very nice 1.57%. I tried to provide a screenshot of different place bets below.
Betting on a horse race for the first time — even the first few times — can be an intimidating endeavor. What are all of these options? Here's all the lingo you need to know before you place your first bet:
The Basics
Winbet – A bet on a horse to finish first.
Place bet – A bet on a horse to finish first or second.
Show bet – A bet on a horse to finish in the money; third or better.
In the money – A horse that finishes first, second, or third.
Across the board – A bet on a horse to win, place, and show. If the horse wins, the bettor collects three ways; if second, two ways (place, show); and if third, one way, losing the win and place bets. It's actually three bets.
Morning line – The odds that the track handicapper predicts a horse will go off at.
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Exotic (bet) – Any bet other than win, place, or show that requires multiple combinations. Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4.
Daily Double (or Double) – Type of bet calling for the selection of winners of two consecutive races.
Exacta – A wager in which the first two finishers in a race, in exact order of finish, must be picked.
Box – A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses.
Exacta box – A wager in which all possible combinations using a given number of horses are selected. For example, an exacta box using horses 2,4,6 would produce a winning ticket if any two of those three horses finished first and second, regardless of the order (2-6, 4-2, 6-4, etc.).
Trifecta – A bet in which the first three finishers must be selected in exact order.
Trifecta box – A trifecta wager in which all possible combinations using a given number of horses are bet upon.
Pick (6 or other number) – A type of multi-race bet in which the winners of all the included races must be selected. Pick 3, Pick 4, Pick 5, Pick 6 are commonly used by tracks in the United States.
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Bounce – A racehorse's especially poor performance on the heels of an especially good one.
Chalk – Betting favorite in a race.
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Chalk player – Gambler who wagers on favorites.
Key horse – A single horse used in multiple combinations in an exotic bet.
Chalk player – Gambler who wagers on favorites.
Key horse – A single horse used in multiple combinations in an exotic bet.
On the board – Finishing among the first three.
Craps Place Bets
On the nose – Betting a horse to win only.
Overlay – A horse whose odds are greater than its potential to win. Professional bettors target overlays, meaning they target bets that offer better than fair value odds.
Underlay – A horse whose odds are less than than his potential to win. Betting horses whose odds are worse than fair value is a poor strategy.
Parlay – A multi-race bet in which all winnings are subsequently wagered on a succeeding race.
Speed Figure – A metric that rates a horse's performance in a race, which is determined by a combination of the horse's performance and the level of competition he/she competed against.
Wheel – Betting all possible combinations in an exotic wager using at least one horse as the key.
The pass line bet with odds is the best craps bet you can make because it has the lowest house edge. However, players can also wager on the numbers 4, 5, 6, 8, 9, or 10 at any time with a Place Bet. These numbers are sometimes referred to as 'point numbers' or 'box numbers,' and the wagers go in the big boxes shown on the layout. Place bets are very valuable when a shooter is rolling many numbers, as you'll get paid each time the number repeats.
How to Make Place Bets
Las Vegas Sports Odds
To make a place bet you put your chips in front of you on the layout and tell the inside dealer which numbers you want to cover. The dealer will then move your chips to the numbered box you want to wager on. Place bets are not self-service bets.
Lobster casino game. The dealer keeps track of which bet belongs to which player by placing them strategically inside the box.
Winning Your Bet
After you place a number it must roll before a seven appears in order to win. When the shooter sevens-out, you lose all of your place bets. When you win a place bet the dealer will push you your winnings but the original bet stays where it is and keeps winning if the number keeps rolling.
Craps Table Place Bets Odds
Your original bet will stay on the place number until the shooter sevens out or until you ask the dealer to take your bet down. You can take down your place bets anytime you want to. If the shooter makes their point the place bet will be turned-off for the come-out roll. Want it to work (win or lose) on the come-out? You've got to tell the dealer before the shooter releases the dice!
The Pay Out
The true odds of rolling the numbers six and eight are 6 to 5 but a winning place bet on these numbers pays $7 to $6, so you must make your place bets on these numbers in multiples of six dollars. The house edge on the 6 and 8 is only 1.52 percent which makes it a very good bet.
The true odds of rolling a five or nine are 3 to 2 but a winning place bet on these numbers pays $7 to $, so you must make your place bets in multiples of five dollars. The house edge on the 5 and 9 is 4-percent.
The true odds of rolling the for or ten are 2 to 1 but a winning place bet on these numbers pays $9 to $5. These numbers require bets in multiples of five dollars. The house edge on the 4 and 10 is 6.67 percent.
Place Bets
Buy Bets
A Buy Bet is very similar to a place bet, but with slightly better odds for the player in the 4 and 10. When betting on a number with a buy bet you pay a 5 % commission to the house. Since the minimum chip value at the casino is a dollar you will be paying at least that much. It is not worth it to buy a number for less than $20.
If you are betting more than $10, buying the 4 and 10 is better than placing them. This is because you are being paid 2 to 1 instead of 9 to 5. Some casinos only charge you the commission on buy bets when you win. Ask the dealer at the table if this is their policy. If you have a choice of casinos to play in, always choose the one that only charges a commission on winning buy bets.
Odds On Place Bets Craps
Buying the 6 and 8 is not worthwhile. You will actually have a higher house edge because of the commission.
