HotBlonde
HotBlonde
  • Threads: 116
  • Posts: 2219
Joined: Feb 8, 2011
February 5th, 2016 at 8:38:19 PM permalink
So how do I find out the equivalence between two tables with different rules and how much you wager?

For example I usually sit at a $100 minimum table with a house edge of 0.28507% (6 deck) or 0.25532% (2 deck). Today I wanted to play $60 a hand instead so I sat at a $25 minimum table but soon after realized the house edge on the table was 1.84232%. I moved to the lower limit table cause I thought I'd be saving money but realized that may not be the case.

So basically what I want to know is:
Sitting at a 0.28507% house edge table (or 0.25532% table) with a $100 per hand wager is equivalent to playing at a 1.84232% house edge table with what wager?
OFFICIALLY and justifiably reclaimed my title as SuperHotBlonde!
Ibeatyouraces
Ibeatyouraces
  • Threads: 68
  • Posts: 11933
Joined: Jan 12, 2010
February 5th, 2016 at 8:53:43 PM permalink
Don't ever play a 6:5 game no matter what limit!!!
DUHHIIIIIIIII HEARD THAT!
SiegfriedRoy
SiegfriedRoy
  • Threads: 20
  • Posts: 483
Joined: Sep 23, 2014
February 5th, 2016 at 9:04:34 PM permalink
Assuming you play 60 hands an hour for both

$100 * 0.0026 * 60 = $15.6 expected loss an hour

$15.6 = 60 * 0.018 * X ...you should wager $14.4 a hand.

Anything wrong with my math? I'm a bit buzzed. Hopefully I got it right.
beachbumbabs
beachbumbabs
  • Threads: 100
  • Posts: 14260
Joined: May 21, 2013
February 5th, 2016 at 9:14:34 PM permalink
Quote: SiegfriedRoy

Assuming you play 60 hands an hour for both

$100 * 0.0026 * 60 = $15.6 expected loss an hour

$15.6 = 60 * 0.018 * X ...you should wager $14.4 a hand.

Anything wrong with my math? I'm a bit buzzed. Hopefully I got it right.



I got the same answer. I wish I was buzzed. lol...

FWIW, looking at it a different way, playing at that second table for $60 you should expect to lose $64.80/hr, or over 4x as much as at the $100 min table.
If the House lost every hand, they wouldn't deal the game.
SiegfriedRoy
SiegfriedRoy
  • Threads: 20
  • Posts: 483
Joined: Sep 23, 2014
February 5th, 2016 at 9:36:42 PM permalink
Quote: beachbumbabs

I got the same answer. I wish I was buzzed. lol...

BBB...you crack me up. I agree that you should pay at the 100 table and get better rating.

OnceDear
OnceDear
  • Threads: 63
  • Posts: 7471
Joined: Jun 1, 2014
February 6th, 2016 at 12:45:54 AM permalink
Quote: Ibeatyouraces

Don't ever play a 6:5 game no matter what limit!!!

^^^ What he said :o) ^^^
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
HotBlonde
HotBlonde
  • Threads: 116
  • Posts: 2219
Joined: Feb 8, 2011
February 6th, 2016 at 1:52:52 AM permalink
Thanks guys.

Now I'm wondering how to calculate other games. Like Casino War (2.33%) and Let It Ride (3.51% - my first time playing today).
OFFICIALLY and justifiably reclaimed my title as SuperHotBlonde!
odiousgambit
odiousgambit
  • Threads: 326
  • Posts: 9557
Joined: Nov 9, 2009
February 6th, 2016 at 4:50:38 AM permalink
you should always be able to make this calculation with simple algebra

I'll use verbal algebra

the size of your bet times the house edge gives you the cost of your bet on average

now you know the cost of your bet

If you want to have the same size cost per bet on another game you know the edge for, but need to know the size of the bet to make, then ...

take the cost of your bet from game one and divide it by the new house edge

so, to review, in the one case take the knowns and multiply

in the second case take the knowns and divide

you can immediately do a double-check back and forth to be sure you are right
_

normal algebra with EV and HE used as symbols:

EV= bet * HE

bet= EV/HE
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
Hunterhill
Hunterhill
  • Threads: 53
  • Posts: 2145
Joined: Aug 1, 2011
February 6th, 2016 at 7:07:50 AM permalink
Quote: HotBlonde

Thanks guys.

Now I'm wondering how to calculate other games. Like Casino War (2.33%) and Let It Ride (3.51% - my first time playing today).



War is a fast game so even though house edge is lower than LIR you will probably play 2-3x as many hands per hour.
The mountain is tall but grass grows on top of the mountain.
HotBlonde
HotBlonde
  • Threads: 116
  • Posts: 2219
Joined: Feb 8, 2011
February 6th, 2016 at 9:30:38 AM permalink
Quote: odiousgambit

you should always be able to make this calculation with simple algebra

I'll use verbal algebra

the size of your bet times the house edge gives you the cost of your bet on average

now you know the cost of your bet

If you want to have the same size cost per bet on another game you know the edge for, but need to know the size of the bet to make, then ...

take the cost of your bet from game one and divide it by the new house edge

so, to review, in the one case take the knowns and multiply

in the second case take the knowns and divide

you can immediately do a double-check back and forth to be sure you are right
_

normal algebra with EV and HE used as symbols:

EV= bet * HE

bet= EV/HE


Not sure I understand the second part.
OFFICIALLY and justifiably reclaimed my title as SuperHotBlonde!
HotBlonde
HotBlonde
  • Threads: 116
  • Posts: 2219
Joined: Feb 8, 2011
February 6th, 2016 at 9:32:20 AM permalink
Quote: Hunterhill

War is a fast game so even though house edge is lower than LIR you will probably play 2-3x as many hands per hour.


Good point.
OFFICIALLY and justifiably reclaimed my title as SuperHotBlonde!
odiousgambit
odiousgambit
  • Threads: 326
  • Posts: 9557
Joined: Nov 9, 2009
February 6th, 2016 at 10:45:10 AM permalink
Quote: odiousgambit

in the second case take the knowns and divide



maybe this is the part you don't get?

HB, I know you can do this. Let's take very simple examples

Let's say you bet that $100 on a 5% edge game. Multiply. Your cost is $5

Let's say you only knew the 5% edge and wanted your cost to be $5, but didn't know how much to bet. You were especially asking that. Well, divide instead of multiply. Remember, we pretend you don't know it is $100 so that is out of the picture. $5 divided by 5% is $100. Use a calculator with a % function, or just 5/0.05 on a calculator.

Let's say you got confused and instead divided 0.05 by 5. You'd get a nonsense answer of one cent, so you'd know it was wrong.

Say you did it right and got $100, but wanted to double-check. $100 times 5% is $5. So that double check means you got it right.

Hope that helps.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
HotBlonde
HotBlonde
  • Threads: 116
  • Posts: 2219
Joined: Feb 8, 2011
February 6th, 2016 at 2:47:03 PM permalink
Quote: odiousgambit

maybe this is the part you don't get?

HB, I know you can do this. Let's take very simple examples

Let's say you bet that $100 on a 5% edge game. Multiply. Your cost is $5

Let's say you only knew the 5% edge and wanted your cost to be $5, but didn't know how much to bet. You were especially asking that. Well, divide instead of multiply. Remember, we pretend you don't know it is $100 so that is out of the picture. $5 divided by 5% is $100. Use a calculator with a % function, or just 5/0.05 on a calculator.

Let's say you got confused and instead divided 0.05 by 5. You'd get a nonsense answer of one cent, so you'd know it was wrong.

Say you did it right and got $100, but wanted to double-check. $100 times 5% is $5. So that double check means you got it right.

Hope that helps.


I thought you were talking about comparing two different games. That's what I was talking about.
OFFICIALLY and justifiably reclaimed my title as SuperHotBlonde!
odiousgambit
odiousgambit
  • Threads: 326
  • Posts: 9557
Joined: Nov 9, 2009
February 7th, 2016 at 5:25:35 AM permalink
Quote: HotBlonde

I thought you were talking about comparing two different games. That's what I was talking about.



OK, 2 different games and in view of your original question

but simple examples

you play one game and know the HE. $100 bet and 1% HE. Multiply: it is a $1 cost per hand.

you see another game with 2% HE. You want your cost to be the same per hand. A case of different knowns.

divide this time. Try 2% divided by $1, well you get 2 cents. Clearly wrong answer.

So we try $1 divided by 2% and we get 50. Might be right answer?

double check: $50 times 2% = $1 . Yay, it works! Bet $50 per bet in that other game and your cost is the same.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
odiousgambit
odiousgambit
  • Threads: 326
  • Posts: 9557
Joined: Nov 9, 2009
February 8th, 2016 at 4:32:08 PM permalink
HB, my fair lady, do I not get the satisfaction of saying "by George she's got it!"?
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
  • Jump to: