These types of bets are bets that are not settled on the first roll and may need any numbers of other rolls before any kind of determination is made.
Hard way bet: this is when you can bet that the shooter will throw a specific hard way which is the 4, 6, 8 or 10 before he actually throws a 7 or the easy way roll. The hard way is when both dice happen to show identical values so throwing a 2 and a 2 is considered a hard way 4.
Easy way bet: this is the opposite of the hard way bet; here you are betting that the shooter will throw a 4, 6, 8 or 10 before he rolls a7. An easy way is a value that does not have identical dice, so a 5 and a1 are an easy way 6.
The Big 6 Or the Big 8 bet: These wagers are regarded by craps players as sucker bets, the reason being is they pay more money when a player can bet on the same proposition which would be that a number will be rolled before a 7, by making a bet on the 6 or 8 which will pay more money than regular bets. The players who have been playing for years avoid bets like this and there are even some casinos that do not allow players to make them. Ask the table before you play if these bets are allowed.
The Place and Buy Bets: Players can buy or place a certain single number such as 4, 5,6,8,9 or 10 by putting their bets in the come area and then notifyi8ng the dealer Place the 6 or Buy the 8. Both types of bets are the bet that the number bet will be rolled before a 7 is called. Place bets are paid worse odds than true odds and buy bets are paid double. But most casinos charge a 5 percent commission is charges. In most cases the buy bet commission is paid whether win or lose but most casinos have changed their rules to say only if the player wins a buy bet then they will collect. Otherwise, players would not stay to play if they paid an additional 5 percent for losing.
If the player wins then the house would collect a Dollar on a $ 25 chips which is a 4 percent take and $ 2 on a $ 50 bet. The last type of bet is the Lay bet.
The Lay bet is an opposite bet of a Place and Buy bet where a player bets on a 7 to roll before other numbers. The lay bets odds pay true odds but that 5 percent commission still stands. In some casinos they will only take the commission when the player wins.
Craps can be fun but there are so many different styles of bets to learn and pick from. If you are a beginner then you may want to stick to Pass Line bets until you are more familiar with the others.