Above and below each of these numbers are spots labeled 'lose' and 'win' along with the payout for each 'place bet'. The first thing to do is look for the top roll with the numbers 4, 5, 6, 8, 9 and 10. I tried to provide a screenshot of different place bets below. The house edge for place 4 and place 10 is 6.67%, the house edge for place 5 and place 9 is 4.00% and the house edge for place 6 and place 8 is a very nice 1.57%. As you can see here, the payouts are slightly lower than true odds. The payouts are 9:5 for rolling a 4 or 10, 7:5 after rolling 5 or 9 and 7:6 for rolling a 6 or 8. The actual odds of throwing a 4 and 10 are 2:1, the odds for 5 and 9 are 3:2 and the odds of throwing 6 and 8 are 6:5. In fact, they are nearly the same as true odds but usually slightly less. The payouts are actually quite good in this bet. If you make a 'place to lose' bet, then you must roll a seven before rolling that number. If you wager a 'place to win' bet, then you must roll that number before rolling a seven.
The numbers that can be wagered on are 4, 5, 6, 8, 9 and 10. Essentially, these are bets that may be wagered at any time during the round. One is called place bet to win and the other is place bet to lose. There are actually two different types of place bets. Payout Odds Table For All Craps Bets Dice Probability Odds and Combinations