Part I: Games & Gaming · Dice Games — Craps & Sic Bo
Place Bet
Craps
A wager that a specific box number (4, 5, 6, 8, 9, or 10) will be rolled before a seven. Place bets can be made at any time after the come-out roll and are placed directly on the corresponding box number on the layout by the dealer. Place bet payouts vary by number: 9:5 on 4 and 10 (house edge 6.67%), 7:5 on 5 and 9 (house edge 4.00%), and 7:6 on 6 and 8 (house edge 1.52%). Place bets are “off” (not working) during come-out rolls unless the player specifies they are working. Place bets on 6 and 8 are the most popular due to their lower house edge.
In practice
Dealers must place all place bets; they are not self-service. Place bets on 6 and 8 must be made in multiples of $6 to ensure correct 7:6 payouts. Players may “take down” (remove) place bets at any time between rolls.
Related terms
More in Craps
Boxman·Buy Bet·Come Bet·Don’t Come Bet·Don’t Pass Bet·Field Bet·Hardways·Hop Bet
One entry from the Casino Industry Glossary — 1,157 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.