Unique Fire Bet paytable at Harrah's North Kansas City
March 30th, 2015 at 10:10:55 AM
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Dr. Mike's brother was at Harrah's North Kansas City this weekend, and he saw a paytable for the Fire Bet that, as far as I can tell, isn't at any other casino:
Based on the Wizard's figures, I calculate a house edge of around 15.6%. Still a terrible bet, but it's the lowest house edge I've seen for any Fire Bet (certainly better than the 20%+ edge on most others).
| Points | Pay |
|---|---|
| 4 | 40 for 1 |
| 5 | 250 for 1 |
| 6 | 500 for 1 |
Based on the Wizard's figures, I calculate a house edge of around 15.6%. Still a terrible bet, but it's the lowest house edge I've seen for any Fire Bet (certainly better than the 20%+ edge on most others).
| Points made | Pays | Probability | Return |
|---|---|---|---|
| 0 | -1 | 0.593939394 | -0.593939394 |
| 1 | -1 | 0.260750492 | -0.260750492 |
| 2 | -1 | 0.101275356 | -0.101275356 |
| 3 | -1 | 0.033434212 | -0.033434212 |
| 4 | 39 | 0.008798178 | 0.343128959 |
| 5 | 249 | 0.001639933 | 0.408343352 |
| 6 | 499 | 0.000162435 | 0.08105494 |
| Total | 1 | -0.156872203 |
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