The Chip Board
Custom Search
   


The Chip Board Archive 02

Yes, the LAY chips are to mark certain craps bets

Yes, the two LAY chips with the circles are almost certainly for use at craps. And maybe the first chip, too. A lay bet is the opposite of a buy bet.

For example, say you are a "wrong" bettor and want to lay $40 against the "10." You pay the dealer a $1 commission, then place $40 on the table, the dealer puts your $40 stack of chips in a box behind the "10" box and puts a "lay" "button" (usually a small chip with the word "lay" on it) on top of the $40 stack to distinguish it from a "don't come" bet. If a "7"comes up before a "10", the lay bettor wins $20, the true odds pay-off (i.e., he receives his $40 bet plus $20 win).

Messages In This Thread

7 Illegal chips - IDs Needed...Help !!
Re: 7 Illegal chips - IDs Needed...Help !!
Yes, the LAY chips are to mark certain craps bets
Re: WRONG ON LAY CHIPS
2 auctions with dealer chips;picts of dealer chips
Yes, the LAY chips are craps bets: dice to fail
Re: Yes, MOST LAY CHIPS ARE CRAPS BETS
That's what it's all about, Mike.
Pictures of Catalin chips used in Casinos
Picture of Catalin plaque used in a casino
Re: 7 Illegal chips - IDs Needed..."TK"

Copyright 2022 David Spragg