LuckyPhow
LuckyPhow
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May 19th, 2016 at 4:04:21 PM permalink
Quote: LuckyPhow

Seems the "payout guy" (sitting at position 6, dealer's far right, with trays of chips) was having to pay $1 per hand played.


Ummm... Let me be more precise here. The payout guy paid $1 total for each dealer round, not $1 for each hand of all the players. Seemed to me it may have been a way to keep count of total number of hands played, possibly as a datum to affect other cost calculations between the poker room and the payout vendor.
And, as a newbie doing his first Wiz post, I sure appreciate folks' comments. Most educational.
Ayecarumba
Ayecarumba
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May 19th, 2016 at 4:34:09 PM permalink
Quote: LuckyPhow

Ummm... Let me be more precise here. The payout guy paid $1 total for each dealer round, not $1 for each hand of all the players. Seemed to me it may have been a way to keep count of total number of hands played, possibly as a datum to affect other cost calculations between the poker room and the payout vendor.
And, as a newbie doing his first Wiz post, I sure appreciate folks' comments. Most educational.



Are you sure the house wasn't collecting a dollar from everyone? In theory this rake is where they make their money. If they have an interest in the corporate player's hand, then they are de facto banking the game and probably in violation of the compact.
Simplicity is the ultimate sophistication - Leonardo da Vinci
AxelWolf
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May 19th, 2016 at 5:34:23 PM permalink
Quote: LuckyPhow

.

I applaud all the detailed infatuation you have provided. Welcome to the forum.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
LuckyPhow
LuckyPhow
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May 19th, 2016 at 5:58:28 PM permalink
It was $1 total for each dealer round. I'm sure.
Here's how it went down: Dealer checks for minimum Ante bets for players sitting in any of the first 5 seats (and PairPlus bet if made). Payout guy, sitting in seat 6 has the same kind of drop contraption the poker table has for the house rake -- a chip slider that holds one chip at a time. He puts a white $1 chip in the mouth of the slider.
The dealer retrieves hands of 3 cards from the shuffle machine, putting a hand at seat 1 first, and on to the payout guy last. (I was sitting in seat 4 and had a GOOD view.) The dealer placed the payout guy's hand in front of the payout guy and verified the chip was loaded. I'm not sure what triggered the chip being deposited (and I looked). May have been triggered by the remaining cards being removed from the shuffle machine. Or, the dealer may have triggered it at that time (since I probably would have been examining my cards then). But, when the hand was over and it was time for me to post another bet or collect my winnings, the chip slider was empty.
This was my first time at any "payout guy" poker room table game, and I was there not so much to gamble as to see who was doing what. I'm sorta into the gaming business, what with reading the most interesting court depositions involving Florida's various ongoing legal battles with poker rooms, horse tracks, and tribal compacts, among other things. I came, I saw, and I confirmed - $1 for each dealer round.
Wizardofnothing
Wizardofnothing
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May 19th, 2016 at 6:59:00 PM permalink
Florida card rooms are having weird banking rules similar to California
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Wizard
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Wizard
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May 21st, 2016 at 4:22:54 PM permalink
What happens if the player has a pair or better and ties the dealer?
It's not whether you win or lose; it's whether or not you had a good bet.
Wizard
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Wizard
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May 21st, 2016 at 5:06:40 PM permalink
For now, I'm going to assume that a tie is a push, no matter what the player has. That said, here is my return table for the Pairplus bet under the Florida rules. The lower right cell shows a house edge of 4.23%.

Event Pays Combinations Probability Return
Player wins with Mini Royal 200 73,684 0.000181 0.036193
Player wins with straight flush 40 809,556 0.001988 0.079530
Player wins with three of a kind 30 954,736 0.002345 0.070344
Player wins with straight 4 12,976,488 0.031870 0.127480
Player wins with flush 3 18,928,820 0.046489 0.139466
Player wins with pair 2 57,094,704 0.140223 0.280446
Player wins with trash -1 112,521,948 0.276351 -0.276351
Tie 0 450,528 0.001106 0.000000
Dealer wins -1 203,359,936 0.499447 -0.499447
Total 407,170,400 1.000000 -0.042338
It's not whether you win or lose; it's whether or not you had a good bet.
beachbumbabs
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beachbumbabs
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May 21st, 2016 at 6:05:42 PM permalink
Thanks for the info, Wizard. Yes, if you tie the dealer, you push. If you lose to the dealer on a pp bet,you lose, even if it would have paid.

This is all because (not sure anybody explained it above )in Florida non-Seminole compact properties, you're not playing against the house. You're playing against a banker representative, and the house is taking a hand rake. Same situation on Florida UTH Trips. So two parties have to make money. Makes for some awful paytables.
If the House lost every hand, they wouldn't deal the game.
Wizard
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Wizard
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May 21st, 2016 at 6:33:28 PM permalink
Quote: beachbumbabs

Thanks for the info, Wizard. Yes, if you tie the dealer, you push.



So, if you have trash, there is still hope to tie if you tie the dealer?

Quote:

This is all because (not sure anybody explained it above )in Florida non-Seminole compact properties, you're not playing against the house. You're playing against a banker representative, and the house is taking a hand rake. Same situation on Florida UTH Trips. So two parties have to make money. Makes for some awful paytables.



I don't see why they can't offer normal Three Card Poker. Let the casino charge a fee and the advantage players/corporations will enjoy the house advantage. The players will get double-screwed, but 6-5 blackjack has shown us that players are foolish enough to play anything.
It's not whether you win or lose; it's whether or not you had a good bet.
LuckyPhow
LuckyPhow
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May 21st, 2016 at 6:59:42 PM permalink
Quote: Wizard

I don't see why they can't offer normal Three Card Poker.


Wiz,
I think Keeperofcards, who works for one of the player-banker firms, (20-May-2016, Interesting-pair-plus-paytable) tried to explain:
"...when compared, one hand must win, lose, or tie completely. This restricts us from paying the pair plus on a hand, when the bank hand is a better hand," according to what Florida requires of poker rooms.
Likewise, I guess that answers the problem with the Ante Bonus being deleted. It's not an actual bet, per se, that can always be resolved (win-loss-tie) at the conclusion of the hand. At least, that's my best understanding of what Keeper said.
Many thanx for your analysis. Seems the Gretna poker room Pair Plus is better than the standard 7.28% HE, right? Even though the base game is pretty sick.

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