Come Bets: Come Bets are like bets that are in queue, so to speak, and can only be made after the ‘come out’ roll. For example, if after the come out roll a player were to place a wager inside the Come Bet square and roll the dice, the wager would then go to the number that was rolled. So, if Player A placed a $5 wager in the Come Bet square and Shooter A rolled a 5, then Player A’s $5 wager would then be placed in favor of a 5 being rolled before the shooter rolled a 7.
Once a roll has taken place and the Come Bet placed in favor of the number, the Come Bet is gone and it is up to the player to place another. Come Bets also pay even money when a 7 is rolled but loses to 2, 3, or 12.
Don’t Come Bets: Again, this is pretty much the opposite of the Come Bet. When placing a Don’t Come bet players are hoping that after a point has been established, that the shooter rolls a 7 before rolling the ‘point’ number. This bet offers better odds then the Come Bet (similar to the Don’t Pass vs. the Line Pass) and pays true odds. Players stand to win to less money in comparison to what they wager but that is because the odds are in their favor.
Field Bet: In the middle of the Craps table, there is a section name the ‘Field.’ This is where players can place a one-roll bet in hopes to hit a 2, 3, 4, 9, 10, 11, or 12. This bet should be only ‘gambling purposes,’ as placing a bet like this is actually favors the house 5:4.
Press Bet: A ‘press bet’ is similar to ‘letting it ride’ but instead risking all of the winnings, players only risk the amount equaled to their first wager. For example, if a player were to place $6 on number 6 which gives 7:6 odds, the player would win $7. From this $7, $1 would be given back to the player and the other $6 would match the initial $6 bet for a total of $12. The press bet is also the backbone of many different strategies as players hope to show a profit by press betting before a 7 is rolled.
Hardway Bets: Hardway Bets are the wagers that can be placed on the shooter rolling a pair of 2’s, 3’s, 4’s, and 5’s, and will only be lost if a 7 is rolled.
Proposition Bets: Proposition Bets are the other numbers that a player can bet on such as 2-1, 5-6, 1-1 (snake eyes), and a pair of 6’s. The difference between these and the Hardway Bets is that the proposition bets are one roll only.
Hop Bet: A Hop Bet is where a player places a wager on a specific combination for a number. For example, one combination for a 6 would be 5-1.
Horn Bet: A Horn Bet is a one-roll bet on numbers 2, 3, 11, and 12.
Horn High Bet: This is the same as the Horn Bet with the difference that an extra unit is paid (sometimes due to lack of change from the player) and the remaining unit is in addition to the one unit that already has a wager. For example, if a player were to place a Horn Bet on 2, 3, 11, and 12 for $1 each but paid with $5, and then the extra dollar would be placed on one of those numbers of the player’s choice.
Whirl Bet: A Whirl Bet is a one-roll bet on 2, 3, 11, 12, and any die that makes a 7.
Place/Buy Bet: Place and Buy Bets are where players place or buy any number in hopes that it is rolled before a 7. These bets are considered ‘working’ bets which means they continue pay off until a 7 is rolled. These bets generally carry a commission, but how much varies from casino to casino.
Lay Bets: A Lay Bet is the opposite of a Place/Buy bet where a player wagers that a 7 will be rolled before the number that is laid. The Lay Bet also carries a commission which, again, will vary from establishment to establishment.
Yo Bet: This is a one-roll bet where a player wagers that the shooter will roll a 5-6 (11).
C&E: The C&E is a wager that is split on a shooter rolling Craps or a Yo.
When you go to the casino and play craps watch how many times you hear the term YO, but when you here the term Nickel on the Yo, you will truly understand the meaning. Craps online has the same terminology, but you don’t have 4-5 dealers calling out the roll.