Was anyone else aware of this?
For the perfect-strategy player at the Venetian (whose house way is better for the player than other house ways), the combined return is:
((1.0 x -0.016031) + (1.1 * 0.001962)) / 2.1 = -0.006606
So the house still has an advantage of 0.66% at the bare minimum, and achieving that would require playing the two strategies flawlessly (dealer-banking strategy and player-banking strategy) and that you bank every other hand. If those conditions are not met, the house edge is even higher.
Quote: teddysJust play $25 so you can pay a 4% commission...
This is good advice because it is results in a lower house edge than betting 10% more when banking.
Betting $25 and paying 4% commission, banking every other hand, and using perfect strategy in both situations, reduces the combined house edge to 0.4031%.
If you play at the MGM Grand, they will (or used to) let you prepay the $1, which reduces the commission to 3.76%. The combined house edge in this scenario is 0.3967%.
That is awesome. I knew it was a good deal but that is great. Lower than most blackjack games.Quote: JBThis is good advice because it is results in a lower house edge than betting 10% more when banking.
Betting $25 and paying 4% commission, banking every other hand, and using perfect strategy in both situations, reduces the combined house edge to 0.4031%.
If you play at the MGM Grand, they will (or used to) let you prepay the $1, which reduces the commission to 3.76%. The combined house edge in this scenario is 0.3967%.
Quote: JBI think the MGM Grand and Mandalay Bay allow 10% more when banking as well.
For the perfect-strategy player at the Venetian (whose house way is better for the player than other house ways), the combined return is:
((1.0 x -0.016031) + (1.1 * 0.001962)) / 2.1 = -0.006606
So the house still has an advantage of 0.66% at the bare minimum, and achieving that would require playing the two strategies flawlessly (dealer-banking strategy and player-banking strategy) and that you bank every other hand. If those conditions are not met, the house edge is even higher.
What happens if I'm at a full table? If 4 others are betting $100, and I'm covering their hands + $110 for myself, then it looks to me like there's a small PA.
Quote: rdw4potusWhat happens if I'm at a full table? If 4 others are betting $100, and I'm covering their hands + $110 for myself, then it looks to me like there's a small PA.
Let's assume there are 6 other players and the dealer, and that a bet of "1 unit" is $100:
1 unit as player = 1 * -0.016031
7.1 units as banker = 7.1 * 0.001962
( (1 * -0.016031) + (7.1 * 0.001962) ) / ( 1 + 7.1 ) = (-0.016031 + 0.013930) / 8.1 = -0.002101
So if you:
a) bet $100 as player once per orbit (on the hand immediately before it becomes your turn to bank), and
b) bet $110 as banker, and
c) get all of the other players to bet against you when you are banking (which is unlikely), and
d) sit out all other hands where you would be forced to bet as player (excluding the one before your turn to bank), and
e) use perfect strategy when playing and perfect strategy when banking,
then the overall house advantage would be reduced to 0.21%.
The problem is they are likely to be playing better strategy than the "House Way". At The Empire, London they informally allow you [other players] to add your previous bet to the Player banker['s bet] and the house then matches the total; however I'm not sure how often the bank is offered. At Golden Nugget, when I was playing on my own (I'm still learning the game), the minimum to play was £10 but to bank was £15 - so they insisted I raised my bet when taking the bank. btw I think their normal house edge is -1.591 901%.Quote: JB...(c) get all of the other players to bet against you when you are banking....
btw when playing Super Pan 9, I used to always take the bank as some players didn't even know correct strategy and played worse than "House Way". Now if you can find players like that....!