Added: October 3, 2017
In online craps the Place bets are a series of similar but not identical bets. The bets offer different average returns, some of which are unviable for the player. This article takes new players through the nuances of the Place bets, explaining which they can go for and which they should avoid. The odds offered in Microgaming Vegas Craps are taken as the basis. This game is available at online casinos like All Slots and Spin Palace.
If the come out roll wins or loses, then the session ends. But if the number rolled is one of 4, 5, 6, 8, 9 or 10 then the rolled number is established as a point. The Place bets come into play at this stage. You bet on the point being rolled before 7. The Place bets remain on the table till the roll is either the point or 7. The different Place bets are discussed in more detail.
The correct mathematical odds for the various point numbers winning (the point being rolled before 7) are as follows: for 4 and 10 the odds are 2:1; for 5 and 9 the odds are 3:2 and for 6 and 8 the odds are 6:5. Microgaming Vegas Craps offers lower payouts than these, because the online casinos have to cover their costs.
The payouts for 4 and 10 winning are 9:5 and this gives an average return of 93.33%. This return is less than the average return for online slots, which is around 95%. Therefore you should avoid this bet as offered in this manner. However, you can buy the correct payout of 2:1 by paying a 5% commission to the online casino. This increases the average return to 95%.
The payouts for 5 and 9 winning are 7:5 with an average return of 96%. Though the buy option is available, it is counterproductive in this case. The payouts for 6 and 8 winning are 7:6 with an average return of 98.48%. Again the buy option becomes meaningless. The best way to play the Place bet is only to bet when the point is 6 or 8 without buying the correct odds. The downside is that the payout is little over even money and you will have to grind in order to accumulate something substantial.
Microgaming Vegas Craps also allows you make Place bets for the point losing. In this case the bet wins if 7 is rolled before the point. The analysis of the bets can be done in a similar manner.