Prepaid commission
November 29th, 2014 at 12:34:15 PM
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I have a question about prepaid commission. I will use betting 105 to win 100 as an example. I understand I save .25 every time I get a winning hand. On losing hands I lose 5 extra than I normally would. Is this accounted for in the strategy to always prepay?
November 29th, 2014 at 1:53:12 PM
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Quote: scottndindyI have a question about prepaid commission. I will use betting 105 to win 100 as an example. I understand I save .25 every time I get a winning hand. On losing hands I lose 5 extra than I normally would. Is this accounted for in the strategy to always prepay?
Look at it this way.... If you have the bankroll to be betting $100 a hand, then it is just the casino offering you an extra bet of $5 with no commission, and simpler to pay you if you win. Since the EV of that extra bet is probably a penny negative, I would do it every time to make it easier for the dealer to pay you....
Or I would just play Dan's EZ Pai Gow game.....
November 29th, 2014 at 2:24:14 PM
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Usually in this scenario whenever I bet 100 I just give the dealer a $5 chip to pay the commission and they give me a black chip. I guess I am asking form a math perspective if this is truly reducing the house edge?
November 29th, 2014 at 5:14:52 PM
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Quote: scottndindyUsually in this scenario whenever I bet 100 I just give the dealer a $5 chip to pay the commission and they give me a black chip. I guess I am asking form a math perspective if this is truly reducing the house edge?
The house edge on your original $100 bet remains unchanged. Depending on how good you are, how weak the house ways are, if you make errors, or if the dealer does, will determine what the house edge is on the additional $5 bet you are tagging on with no commission on your wins. Likely the house edge on that additional bet is a penny or two on the $5 bet.
November 29th, 2014 at 9:22:37 PM
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Yes it reduces the house edge.
But it reduced it such a small amount, it's really insignificant.
But it reduced it such a small amount, it's really insignificant.
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Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
November 29th, 2014 at 10:40:29 PM
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Listen, "pre-paying" commission means you are getting paid 20 to 21, instead of 19 to 20.
That's all.
20 to 21 is a better payout than 19 to 20, so you should do it.
It's nothing to do with factoring in wins or losses, and there is no strategy change for anything.
SOOPOO's posts are unnecessarily complicated. There's no reason to consider the $100 bet at 5% commission and the $5 bet at 0% commission. The entire $105 bet is paid at 20 to 21.
It's just a slightly better payoff when you win.
It's just wording to say that you are "prepaying it."
They can say they charge a 5 percent commission or pay 19 to 20. No difference.
They can say they allow pre-paying commission or a 4.762 percent commission or pay 20 to 21. No difference.
To "prepay" commission you must bet in multiples of 21.
If you were to bet $105 without prepaying the commission,, you'd be paid $99.75 when you win, and lose $105 when you lose.
If you bet $100 and prepay the $5 commission (the same as betting $105 to win $100), you get paid $100 when you win, and lose $105 when you lose.
That's all.
20 to 21 is a better payout than 19 to 20, so you should do it.
It's nothing to do with factoring in wins or losses, and there is no strategy change for anything.
SOOPOO's posts are unnecessarily complicated. There's no reason to consider the $100 bet at 5% commission and the $5 bet at 0% commission. The entire $105 bet is paid at 20 to 21.
It's just a slightly better payoff when you win.
It's just wording to say that you are "prepaying it."
They can say they charge a 5 percent commission or pay 19 to 20. No difference.
They can say they allow pre-paying commission or a 4.762 percent commission or pay 20 to 21. No difference.
To "prepay" commission you must bet in multiples of 21.
If you were to bet $105 without prepaying the commission,, you'd be paid $99.75 when you win, and lose $105 when you lose.
If you bet $100 and prepay the $5 commission (the same as betting $105 to win $100), you get paid $100 when you win, and lose $105 when you lose.
