The Secret of Put Bets

[Gene Nielsen]

Pssst...! Wanna know a secret?
How about the secrets of making money with put bets?
When you are playing at a casino offering 10X odds and you make a pass
line bet, would you rather have a 4 point or a 6 point to add your
odds to? If you'd like to be able to choose your point numbers on a
10X or higher casino, then put bets are for you.
Wanna know the secrets that craps pros use to make money with put
bets?
Let's find out!
A put bet is a wager that has been all but ignored until just
recently, but thanks to the proliferation of casinos offering 10X odds
and above, it is becoming more common. A put bet is a pass line bet
that you put up after the point is established. For example, if you
have not placed a pass line bet and the shooter rolls a point of six,
you can then put a bet on the pass line, with the appropriate odds.
However, this bet loses the advantage a pass-line player has before
the point is established, so it has gone unused in most craps games.
Today, though, we see casinos offering 5X, 10X and 100X odds on pass
line bets. These extra odds offset the player's advantage before the
come out roll for pass line bets if the point is a six or eight.
Some casinos do not know what a put bet is, so just ask your friendly
dealer if you can make a pass line bet with full odds after the point
is established. The more experienced dealers will let you make a put
bet, even if you don't ask first. Put bets are most beneficial in
establishments that offer 100X or "unlimited" odds, but you can try
them in your favorite casino, even if it only offers 10X odds.
Remember to do this only if the point is six or eight and only if you
can add 10X odds or more. This means that if you have a $5 flat bet
and take $50 odds, you will win $60 (at 6:5 odds) plus $5 for your
flat bet, for a total of $65.
The big advantage to put bets is that you get to choose your own point
numbers. The disadvantage is that you miss out on the come out sevens
and elevens. But remember, you don't add any odds until the point is
established, so on come out sevens and elevens, all you win is your
minimum flat bet, which usually is just $5.
It is more profitable if you increase the chances of winning your
added odds bets, and you have a better chance of doing this with the
six or eight points.
Pssst...! Now you know the secrets of put bets!
(c) 2005 by Larry Edell