Other Bet Types
There are more ways to bet in Craps besides picking bets. Some are good and some are bad. You may accidentally leave money from a winning bet on the table or you may want to bet with the dealers or the shooter.
A self-service bet is a bet that is taken care of by the player, not the dealers. It’s your responsibility to put the money in the bets’ correct spot, pick up any winnings, and know that the bet is actually yours. Players who don’t watch their self-service bets are inviting other players to claim those bets as their own.
"Lays it Plays"
When you hear a dealer say “If it lays it plays.” they are telling someone that they have won a self-service bet but haven’t picked up their winnings. If a roll goes by without that player picking up their money than it will be added to the original bet regardless of whether the player wanted it or not.
Imagine going to the bar and ordering a drink and when they come back with your drink, you order another drink, and when they come back with that one, you order a third, and yes, when they come back with that drink, you order a fourth. I guarantee the next time the bartender sees you they’ll walk right by you. String Betting is when you make one bet then another then another… etc. It’s making the dealer go back and forth repeatedly. Learn Spread Bets so you can make multiple bets at the same time or know what you want before you start handing the dealer money and tell them all at once.
Two Way Bets
Since most players don’t bet for the dealers without making a bet themselves we have a phrase “Two way”. When you make a Two Way bet you are betting for yourself and the dealer at the same time on the same bet and is generally used for Proposition Bets. You could throw in a couple dollars and say “Two way hard 10” and the dealer would know you are betting one of those cheques for you and the other for the dealers. If you throw in two cheques that are a different amount, let’s say a nickel and a dollar, the dealer will know the larger amount is for you and the lessor is for the dealers. You could also say “Five and one on the hard ten”, five for you and one for them on the Hard 10.
Three Way Bets
Sometimes a player would like to thank the shooter for having a good roll or possibly trying to invoke them to roll a certain number. This is where the Three Way bet comes into play. It is a bet for themselves, the dealers, and the shooter. It’s unorthodox to bet only for yourself and the shooter because the dealer is the one servicing both people. E.g. if you throw $3 to the stickperson you would say “Three way aces”, meaning $1 on Aces for each the shooter, the dealers, and yourself.
Hedging is insurance. It’s making a bet that wins when another bet loses. A common hedge bet is the Any Craps when you’re betting the Pass Line. The Pass Line loses during the Comeout Roll when a 2, 3, or 12 is rolled and the Any Craps wins when the 2, 3, or 12 rolls. To protect a $5 Pass Line bet you would bet $1 on the Any Craps. If a crap rolls the $5 Pass Line would lose but you would win $7 for your $1 Any Craps which covers your loss.