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Place Bets

Place bets are very popular with those players who bet with the dice at the table, and these wagers usually receive heavy action, especially from high rollers and others who want to make a lot of money in the quickest possible time.
These bets are working only after the come-out roll, and they can be made in denominations ranging from the house minimum to the house maximum on each or every one of the place numbers-4, 5, 6, 8, 9, and 10. However, most casinos pay off to $5 on these bets at better than even money and even money when these wagers are for less than $5, so it is best to bet at least $5 on all numbers but the 6 and 8 and to bet $6 on the 6 and 8, because they are paid off to $6.

The house payoffs are as follows on place numbers: 9-5 on the 4 and 10, 7-5 on the 5 and 9, and 7-6 on the 6 and 8. Some casinos, particularly the smaller ones that cater to 25¢ players, will allow payoffs of less than $5, but for purposes of this section we'll deal with minimum bets of $5 and $6 on the place numbers.
The following chart shows the house payoffs, the correct

payoffs, and the house advantage as the difference between the house payoff and the true odds, which we've called the correct payoff.

Number Payoff Correct Payoff House Edge 4 9-5 2-1 6.67% 5 7-5 3-2 4.0% 6 7-6 6-5 1.52% 8 7-6 6-5 1.52% 9 7-5 3-2 4.0%
10 9-5 2-1 6.67%

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Televised Tournaments Now Show Player Role Cards
The big time arrived in 2003 with the World Poker Tour, and its "lipstick cameras" and "live" commentary (although presentation of the actual hands was edited in later, as was relevant commentary). Each show featured the final table of a major stop on the international tournament circuit and was edited down to two hours.

Events were first broadcast months after they actually occurred. Adding to the interest was an educational tool: presentation of running odds on each hand as the hand was played out.

Some tournament players initially objected to showing their hole cards, not wanting to give away their plays. They changed their minds when they discovered that televised winners were becoming celebrities who could sell books and endorse products, although the WPT itself strictly forbade anyone from wearing any logos.
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