The Lay Bets
Lay Bets are the opposite of the Buy Bets, except Lay Bets are wagering against the shooter. Like a buy bet, a Lay Bet allows a gambler to be paid true odds. To receive those nice votes, the craps player pays a 5% commission on their winning bets. Lay bets are made on one of the "point" numbers: 4,5,6,8,9, and 10.
That means there are six different lay bets: The Lay 4, Lay 5, Lay 6, Lay 8, Lay 9, and Lay 10 wagers. As an example, to win the Lay 8 bet, the shooter needs to roll a 7 before they roll an 8.
Different lay bets have disparate payoffs. The Lay 6 and Lay 8 bets pay out 19 to 25 and have a house edge of 4.00%. The Lay 5 and Lay 10 bets pay out 19 to 31 and have a house edge of 3.23%. The Lay 4 and Lay 10 bets pay out 19 to 41 and have a house edge of 2.44%.
Readers might wonder why the lay bets have a posted house edge, if we said earlier that these wagers pay true odds. The house edge is produced by the 5% commission paid on winning bets.