Recently while visiting the Belterra Casino in Indiana, I saw a paytable different than ones I had seen before or mentioned on the WOO site. The paytable is as follows
4 card Flush - 2
5 card Flush - 10
6 Card Flush - 20
7 Card Flush - 100
STRAIGHT FLUSH BET
3 Card Straight Flush - 9
4 Card Straight Flush - 50
5 Card Straight Flush - 100
6 Card Straight Flush - 200
7 Card Straight Flush - 1000
Now it seems to me, that even though there is a better payout on the most common flush/straight flush payouts, that it cannot possibly make up for the lack of payment at the top end. These bets are already a house edge of 7% and 13% on the most common paytables I have seen, what are the house edges on these two paytables?
First notice that it would not change the probabilities on the Flush Bet from here:http://wizardofodds.com/games/high-card-flush/
Thus, simply replace the old pays with the new and multiply by the probabilities to get the return:
(0.195370 * 2) + (0.028514 * 10) + (0.002001 * 20) + (0.000051 * 100) - (0.774064) = -0.053064
The House Edge on that one is 5.3064% which is better than all Flush Side Wager paytables shown on Wizard's page. With that, let's take a look at the Straight Flush one:
(0.064603 * 9) + (0.005054 * 50) + (0.000298 * 100) + (0.000012 * 200) + ((32/133784560) * 1000) - (0.930032) = -0.06346580946
That reflects a House Edge of 6.346580946% on the Straight Flush bet, which again, is much better than the paytable shown on Wizard's page. In fact, you are expected to lose less than half as much money on this one, assuming the same bet size.
Both of these side bets still absolutely suck and have huge house edges. If you would like the opportunity to win several times your initial bet, and would like to do so at a lower house edge, then Video Poker would be a more advisable game to play. However, it is your money to do with whatever you find the most enjoyable.
Welcome to WizardofVegas Forums and thank you for creating this thread and bringing attention to the new paytable for these side bets. Hopefully, you will stick around and read/participate in other threads. I see you have been a Member for a while but have not posted until now, don't be a stranger!
Vultures can't be choosers.