How To Calculate Avg Bet For Mississippi Stud
February 22nd, 2016 at 9:06:50 PM
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Hi everyone! I have been searching high and low for an answer to this... Am I overthinking here? Thanks!!!
Questions:
1. When calculating your theo for games with multiple bet decisions like Mississippi Stud, Crazy Four Poker and Three Card Poker, what is the proper way to determine your average bet?
2. Secondarily (and probably more important) how do the casinos calculate your theo for these games? Do they incorporate the avg # of bet units?
Some examples:
Mississippi Stud: $10 Ante
Crazy Four Poker: $10 Queens up + $10 Ante
3 Card: $10 Pair Plus + $10 Ante
Questions:
1. When calculating your theo for games with multiple bet decisions like Mississippi Stud, Crazy Four Poker and Three Card Poker, what is the proper way to determine your average bet?
2. Secondarily (and probably more important) how do the casinos calculate your theo for these games? Do they incorporate the avg # of bet units?
Some examples:
Mississippi Stud: $10 Ante
- Avg bet = $10 ???
- Avg bet = $10 * 3.59 ??? (Note: Per the Wizard's analysis "On average, the player will bet 3.59 units per hand."
Crazy Four Poker: $10 Queens up + $10 Ante
- Avg bet = $10 ???
- Avg bet = $20 ???
- Avg bet = $10 + ($10 * avg units bet per hand) ???
3 Card: $10 Pair Plus + $10 Ante
- Avg bet = $10 ???
- Avg bet = $20 ???
- Avg bet = $10 + ($10 * avg units bet per hand) ???
February 23rd, 2016 at 4:10:03 AM
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House Edge is (or at least is SUPPOSED TO BE) calculated based on initial / ante bets. HE is not calculated based on average total bet (ante + X number of raise/calls).
The house rates you based on what they expect you to lose based on your ante / initial bet. With a carnival game, the rating is likely to be significantly higher than the HE, because most people play poorly--so their theoretical loss is higher than the house edge.
The house rates you based on what they expect you to lose based on your ante / initial bet. With a carnival game, the rating is likely to be significantly higher than the HE, because most people play poorly--so their theoretical loss is higher than the house edge.
February 23rd, 2016 at 1:46:47 PM
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Thanks RS! So I was overthinking it…
If I understand correctly, you are saying that the calculated house edge factors in all of the possible outcomes per optimum strategy. Therefore, all of the betting permutations are already accounted for.
Now we are down to the question of how casinos actually calculate a player's theo for these games. Based on my experiences, most casinos seem to document your combined initial bet. For instance, $10 Queens-Up + $10 Ante would result in the pit boss writing down a $20 avg bet. Is this in line with what others have experienced?
Does anyone know what loss rates casinos use for these games? This information for BJ, Craps etc is available but I haven't been able to find the equivalent for Mississippi Stud, Crazy Four or Three Card Poker.
Thanks!
If I understand correctly, you are saying that the calculated house edge factors in all of the possible outcomes per optimum strategy. Therefore, all of the betting permutations are already accounted for.
Now we are down to the question of how casinos actually calculate a player's theo for these games. Based on my experiences, most casinos seem to document your combined initial bet. For instance, $10 Queens-Up + $10 Ante would result in the pit boss writing down a $20 avg bet. Is this in line with what others have experienced?
Does anyone know what loss rates casinos use for these games? This information for BJ, Craps etc is available but I haven't been able to find the equivalent for Mississippi Stud, Crazy Four or Three Card Poker.
Thanks!
