Field House Edge
August 7th, 2016 at 3:49:30 PM
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What is the house edge on Field bets if both the 2 and 12 pay 2.9X? Does this make the field less of a "suckers" bet as so many seasoned player believe?
August 7th, 2016 at 4:07:56 PM
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Did you mean to write 2.9?
Expect the worst and you will never be disappointed.
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August 7th, 2016 at 4:13:23 PM
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Essentially if both 2 and 12 paid full odds of 3/1 then the Field bet would be fair (i.e. House Edge = 0%, payback = 100%).
For each unit the payout is reduced this affects the House Edge by 1/36. So in your case the House Edge would be ((3-2.9)+(3-2.9))/36 = 0.5556%, or a payback of 99.44%.
For each unit the payout is reduced this affects the House Edge by 1/36. So in your case the House Edge would be ((3-2.9)+(3-2.9))/36 = 0.5556%, or a payback of 99.44%.
August 7th, 2016 at 4:13:38 PM
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No I meant 2.9X the wager.
August 7th, 2016 at 4:15:09 PM
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Correct me if I'm wrong, but wouldn't that be the best bet on the table assuming all other payouts remain the same?
For those of you who like that payout, you can get it at 5Dimes online "Bonus" casino. No free plays I'm sorry to say.
For those of you who like that payout, you can get it at 5Dimes online "Bonus" casino. No free plays I'm sorry to say.
August 7th, 2016 at 5:22:33 PM
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Fractional payouts would be a pain for dealers to do unless they have 0.10 chips or a high minimum. Maybe on a computerized table, have you seen this paytable or are you just musing?
