Lay Bet (Craps term)

In the game of craps, a “lay bet” is a bet that a 7 will be rolled before the point. This bet is the opposite of a “buy bet,” which is a bet that the point will be rolled before a 7. Lay bets are typically made on the layout of the craps table, and they are placed on the number of the point that the player is betting against. For example, if the point is 4, a player might make a lay bet by placing chips on the “7” space on the layout. If a 7 is rolled before the point, the player will win their bet. However, if the point is rolled before a 7, the player will lose their bet.