2, 3, 11, and 12 Place Bets for Craps
The Rules for the additional Place bets;
This wager will allow the player make place bets on the 2,3,11,and 12, these numbers will not become points and the rules of craps are the same. If the selected double is rolled before a seven is rolled the bet wins if a seven is rolled before the selected double is rolled the bet loses The Payoff is 5 to 1 and casino edge is 14.28%. This wager attracts players with advanced skill level as well as aggressive players . Crapless Craps is getting more popular, by having these place bets added to your tables you can offer the best of both games, without having to keep two tables open.
Mathematical Analysis ( Casino’s Edge)
1. 2 and 12 Place Bets
A. Casino Edge for the 2 and the 12 with a payoff of 5 to 1
1/(6 + 1) x (5/1 – 6/1)
= 1/7 x 1 =.1428 =14.28%
2. 3 and 11 Place Bets
A. Casino Edge for the 3 and the 11 with a payoff of 5 to 2
2/8 x (5/2 – 3/1) = 2/8 x 1/2 = 2/16 =.125 = 12.5%
