A Place bet lets you bet that a specific number (4, 5, 6, 8, 9, or 10) will roll before a 7. The quality varies a lot by number: placing the 6 or 8 is solid; the 4 and 10 are weak.
Place bets pay differently for each number, and so does the house edge:
| Place Number | Pays | House Edge |
|---|---|---|
| 6 or 8 | 7:6 | 1.52% |
| 5 or 9 | 7:5 | 4% |
| 4 or 10 | 9:5 | 6.67% |
The 6 and 8 are the only place bets worth making regularly, at a respectable 1.52% edge. The 5 and 9 (4%) are mediocre, and the 4 and 10 (6.67%) are poor. If you want the 4 or 10, a buy bet is usually better. For the lowest edge overall, prefer Pass/Come with odds over place bets.
You place $12 on the 6. The shooter rolls a 6 before a 7 - you win $14 (paid 7:6). The bet stays up and keeps working until you take it down or a 7 ends it.
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The 6 and 8 are the best place bets at a 1.52% house edge. They hit often and pay 7:6.
The 7:6 payout only works cleanly in multiples of $6 ($6 pays $7, $12 pays $14). Betting odd amounts rounds down and quietly raises the house edge.
Yes. Unlike the Pass Line, place bets are not contract bets. You can remove or reduce them whenever you like.