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Wonko33
Wonko33
Joined: Aug 29, 2015
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March 11th, 2016 at 1:24:45 PM permalink
I know you are supposed to Lay the 4 or 10 for at least 40$ because of the vig.

But if you Lay them for 20$ (and still pay 1$ for the vig) how much of a hit are you taking on the house edge ?

-->If vig is always paid
-->and if vig is only paid on wins

I have a hard time calculating the bets that don't resolve in one roll.

Any help would be appreciated.
So Wizard, still no basic strategy for strip poker huh?
rushdl
rushdl
Joined: Jan 15, 2016
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March 11th, 2016 at 1:45:20 PM permalink
Quote: Wonko33

I know you are supposed to Lay the 4 or 10 for at least 40$ because of the vig.

But if you Lay them for 20$ (and still pay 1$ for the vig) how much of a hit are you taking on the house edge ?

-->If vig is always paid
-->and if vig is only paid on wins

I have a hard time calculating the bets that don't resolve in one roll.

Any help would be appreciated.



You will only win $10, and that means you just paid 10% vig.
mustangsally
mustangsally
Joined: Mar 29, 2011
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March 11th, 2016 at 3:33:29 PM permalink
Quote: Wonko33

I know you are supposed to Lay the 4 or 10 for at least 40$ because of the vig.

But if you Lay them for 20$ (and still pay 1$ for the vig) how much of a hit are you taking on the house edge ?

-->If vig is always paid

about doubles
From 2.44% (1/41)
goes to 4.76% (1/21)

Quote: Wonko33

-->and if vig is only paid on wins

From 1.67% (1/60)

goes to 3.33% (1/30)
a true double

the edge is just
how much they short you / the total you should have after a win (including the bet)

easy edges to beat with a higher win rate
I Heart Vi Hart
rushdl
rushdl
Joined: Jan 15, 2016
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March 11th, 2016 at 3:50:38 PM permalink
Id also say there is a way to sort of push the house:
Bet your lays at one pay unit under so you can pay lower vig...

Like this:

Bet a $79 no 4 or 10 (not $82). This just reduced your vig to 2.56%, from 5%. As soon as you hit $80, its back to 5%, and 2 bucks.
See that one there is money. But even 2.56% is "field like odds" so yeah, like sally said once, better pick your bets carefully.
Paigowdan
Paigowdan
Joined: Apr 28, 2010
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March 11th, 2016 at 4:14:52 PM permalink
Quote: Wonko33

I know you are supposed to Lay the 4 or 10 for at least 40$ because of the vig.

But if you Lay them for 20$ (and still pay 1$ for the vig) how much of a hit are you taking on the house edge ?

-->If vig is always paid
-->and if vig is only paid on wins

I have a hard time calculating the bets that don't resolve in one roll.

Any help would be appreciated.



Reminds me of a "Rodney Dangerfield goes to the crap table" story:
Rodney goes in to a casino and hits a crap table.
He lays $1 on the 10 and pays $1 vig. Clearly a low-roller player. Then a 7 out rolls.
Dealer stiffs him.
Rodney says, "what was that??!!"
Dealer says "Breakage," then says "But look at the bright side, - you're still up to win again."
Now a come out 7 rolls. Dealer says "give me a dollar."
Rodney says, "Take it out!"
A quick study here.
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
MathExtremist
MathExtremist
Joined: Aug 31, 2010
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March 11th, 2016 at 4:21:20 PM permalink
Quote: rushdl

Id also say there is a way to sort of push the house:
Bet your lays at one pay unit under so you can pay lower vig...

Like this:

Bet a $79 no 4 or 10 (not $82). This just reduced your vig to 2.56%, from 5%. As soon as you hit $80, its back to 5%, and 2 bucks.
See that one there is money. But even 2.56% is "field like odds" so yeah, like sally said once, better pick your bets carefully.

I think the rounding rules vary from house to house. A $150 no-4 is sometimes $3, sometimes $4.
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
Wonko33
Wonko33
Joined: Aug 29, 2015
  • Threads: 15
  • Posts: 122
March 11th, 2016 at 5:22:22 PM permalink
Quote: rushdl

Id also say there is a way to sort of push the house:
Bet your lays at one pay unit under so you can pay lower vig...

Like this:

Bet a $79 no 4 or 10 (not $82). This just reduced your vig to 2.56%, from 5%. As soon as you hit $80, its back to 5%, and 2 bucks.
See that one there is money. But even 2.56% is "field like odds" so yeah, like sally said once, better pick your bets carefully.



it is house to house rule, you better ask where the break point is
So Wizard, still no basic strategy for strip poker huh?
Wonko33
Wonko33
Joined: Aug 29, 2015
  • Threads: 15
  • Posts: 122
March 11th, 2016 at 5:31:45 PM permalink
Quote: rushdl

Id also say there is a way to sort of push the house:
Bet your lays at one pay unit under so you can pay lower vig...

Like this:

Bet a $79 no 4 or 10 (not $82). This just reduced your vig to 2.56%, from 5%. As soon as you hit $80, its back to 5%, and 2 bucks.
See that one there is money. But even 2.56% is "field like odds" so yeah, like sally said once, better pick your bets carefully.



LOL, I asks how costly it is to lay for less and you try to convince me to lay more :) You're a bad person

PS : Thanks for answer MustangSally
So Wizard, still no basic strategy for strip poker huh?

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