Place bets don’t pay off according to true odds. Instead, the house gets its advantage by paying them off at less than true odds (i.e., they stick it to the player by not paying their fair share when the player wins).
The Place odds aren’t quite as good as true odds. The house sticks it to the player to make money by paying less than true odds. For a winning $5 bet on the 4 or 10, the Place odds pay only $9, but the true odds say we should be paid $10. For a winning $10 bet on the 5 or 9, the Place odds pay only $14, but the true odds say we should be paid $15. And for a winning $30 bet on the 6 or 8, the Place odds pay only $35, but the true odds say we should be paid $36.
You might think, “How much do I put down to make a Place bet?” As always, the bet amount depends on the odds. The Place odds for the 4 and 10 are 9:5, and the Place odds for the 5 and 9 are 7:5. Therefore, Place bets for the 4, 5, 9, and 10 should be in multiples of $5. For example, a winning $10 bet on the 4 gets you $18. A winning $15 bet on the 9 gets you $21. Don’t let the math scare you! Since these bets are in multiples of $5, simply divide your bet by 5 and then multiply by the winning odds to determine your winning amount. So, for your $10 Place bet on the 4 (which has Place odds of 9:5), $10 divided by 5 = $2, and $2 x 9 = $18. For your $15 Place bet on the 9 (which has Place odds of 7:5), $15 divided by 5 = $3, and $3 x 7 = $21.
The Place odds for the 6 and 8 are 7:6, which means the bet should be in multiples of $6. For example, a winning $12 Place bet on the 6 gets you $14. A winning $30 Place bet on the 8 gets you $35. Do the math. For your $30 Place bet on the 8 (which has Place odds of 7:6), $30 divided by 6 = $5, and $5 x 7 = $35.
Know the difference between Place odds and true odds. Learn the difference so you don’t have to think about it. You don’t want to look like a newbie fumbling around with how much to put down for each Place number. (James Bond never asked the dealer, “Um, excuse me, how much is the six?”) However, if you have trouble remembering the Place odds the first time you play, don’t be afraid to ask the dealer how much to drop. It’ll be as easy as pie after 15 minutes at the table.
If you’re like me, you’ll search out and play a table with a $3 minimum bet instead of the typical $5 or $10 minimum. Suppose you find a $3 table (a few are still left in the middle of the Vegas Strip). Since the minimum bet is only $3, you can make $3 Place bets, but you don’t get the full Place odds. The payoff odds for a $3 bet on the 6 or 8 are 1:1, or even money. For the 5 or 9, it’s 4:3 (i.e., your $3 bet wins $4). For the 4 or 10, it’s 5:3 (i.e., your $3 bet wins $5). UFABET