An Overlay is when you bet directly against a Point. Unlike the Don’t Pass or Don’t Come, where the dice determines the Point, you get to pick which Point you want to bet against. The dealer will put your Overlay behind the Point you picked and put a lammer on it that says “Lay”. You get paid True Odds for an Overlay but must pay a commission. Once you have decided to Overlay a Point, you win when the 7 is rolled and lose if that Point is rolled.
Overlays are Bet using the Phrase "No__(Point)__"
When you want to make an Overlay you say it using the term “No ___”. If you want to Overlay the 10, you would say the amount you are Overlaying with a “No 10” at the end, If you wanted to Overlay the 6, you would say “No 6” at the end. You should know how much you want to bet including the Vig. For instance, if you want to want to bet an Overlay on the 4 for $50, the Overlay would win $25 and it would cost $1 commission to make the bet. The total cost of the bet would be $51. You would drop the money in the Come and tell the dealer “I would like a $51 No 4” They would know its an Overlay because you used the word “No” and they would know the extra $1 would be the vig for the $25 the bet is going to win.
Placement of Overlays
Like most other bets on the Don’t side of the game, Overlays are put behind the Point they are betting against. To distinguish an Overlay from a Don’t Come bet, the dealers put a lammer on top of the bet that says “Lay”. This tells you, the boxperson, and any other dealer that the bet is not a Don’t Come Bet but an Overlay. Overlays are placed in a general area behind each Point relative to the players place on the table.
What does an Overlay Pay
An Overlay pays True Odds but you need to pay a commission in order to make the bet. Because they are True Odds you need to bet them in correct increments and while making the bet include the commission that you’ll be paying.
You Must Pay a 5% Commission on it's Winnings
Overlays are essentially the opposite of a Buy on a Place Bet. Where you pay a 5% Commission on the amount of a Buy on a Place Bet, for an Overlay, you pay 5% Commission on what that Overlay is going to win.
The Overlay Must Win at Least $20
The minimum commission you must pay for an Overlay is $1. $1 is 5% of $20. The minimum amount you need to win is going to be $20 in order to pay the minimum commission of $1. Regardless of the Point you are going to Overlay, the minimum the Overlay is going to win must be $20.
True Odds for the Don’t Side on the 6 and 8 are 5:6 or “5 for every 6”. Therefore you must bet an Overlay in increments of 6. At the same time, your Overlay must win at least $20. The minimum you can Overlay the 6 or 8 for is $24 because $24 wins $20. When you include the cost of commission the bet total is $25. You would make that bet by telling the dealer “I would like a $25 no 6 (or 8)”. If you would like to keep the bet up to win again you would have to drop $1 for commission.
True Odds for the Don’t Side on the 5 and 9 are 2:3 or “2 for every 3”. You must bet an Overlay in increments of 3 and it must win at least $20 so the minimum you can Overlay the 5 or 9 for is $30 because $30 wins $20. When you include the cost of commission the bet total is $31 and you would bet it by telling the dealer “I would like a $31 no 5 (or 9)”. If you would like to keep the bet up to win again you would have to drop $1 for commission.
True Odds for the Don’t Side on the 4 and 10 are 1:2 or “1 for every 2”. You must bet an Overlay in increments of 2 or anything that’s an even number. The minimum it must win is $20 so the Overlay must be at least $40 because $40 wins $20. When you include the cost of commission the bet total is $41 and you would bet it by telling the dealer “I would like a $41 no 4 (or 10)”. If you would like to keep the bet up to win again you would have to drop $1 for commission.
How Can I Bet for the Dealers
You cannot bet improper Overlays for the Dealers. If you would like to make one for the dealers you would have to make it in a proper amount that wins at least $20 and pay the commission for it. I don’t think I’ve ever seen a player make an Overlay for the dealers.