Why Place Bets Pay What They Pay

Pictured below is the reason for why Place Bets what Place Bets pay.

On the 4 & 10 a $5 bet should be paid $10 according to the True Odds of 2 to 1. But the 4 & 10 don't get paid 2 to 1 because the house needs to have an advantage on the bet in order to keep the lights on. So, the casino keeps $1. One dollar less than $10 to $5 is $9 to $5. Hence, 4 & 10 Place Bets are paid 9 to 5.

On the 5 & 9 a $5 bet should be paid $7.50 according to the True Odds of 3 to 2. But the 5 & 9 don't get paid 3 to 2 because the house needs to maintain an advantage. So, the casino keeps the 50¢. Fifty cents less than $7.50 to $5 is $7 to $5. Hence, 5 & 9 Place Bets are paid 7 to 5.

On the 6 & 8 a $6 bet should be paid $7.20 according to the True Odds of 6 to 5. But, again, the 6 & 8 don't get paid 6 to 5 because the house needs to have the advantage. So, the casino keeps the 20¢. Twenty cents less than $7.20 to $6 is $7 to $6. Hence, 6 & 8 Place Bets are paid 7 to 6.

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