UTH House Edge
Element of Risk divides the HE by the avg amount of $ on the board.
so ante+blind+avg Play (2x) = 4x the ante bet
so EoR = 2.2%/4
But are we double counting the Blind bet?
Why are we factoring in the Blind bet again in EoR calculations if it was already factored in for the HE?
That's like saying the HE for '3:2 s17 Blackjack' is .4% but EoR is lower because of double downs and splits?
But the HE takes into account the Blind bet payout.Quote: acesideThe UTH house edge of 2.2% is referenced to your ante bet amount only.
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If you can have a different bet size for the Blind bet (ie: $10 Ante, $5 Blind), then the HE would be different.
The HE takes into account that the Blind bet amount is the same as the Ante amount.
edit:
changed it to $5 Blind bet
Quote: WoOThe lower right cell shows a house edge of 2.185% per ante bet. What this means, for example, is if you bet $1 and both the Ante and Blind initially, then you can expect to lose 2.185 cents on average. However for comparison to other games I believe the Element of Risk is more appropriate to look at. The average total amount bet by the end of the hand is 4.152252 times the ante bet. So the element of risk would be 2.185%/4.152252 = 0.526%. The standard deviation, relative to the Ante bet, is 4.94.
Quote: 100xOddsBut the HE takes into account the Blind bet payout.Quote: acesideThe UTH house edge of 2.2% is referenced to your ante bet amount only.
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If you can have a different bet size for the Blind bet (ie: $10 Ante, $25 Blind), then the HE would be different.
The HE takes into account that the Blind bet amount is the same as the Ante amount.
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A UTH house edge is determined by that player’s strategy. If you follow the Wizard’s strategy, you might get a House Edge of +2.2%; however, if you follow Eliot’s strategy, you might get a House Edge of -2.4%. Strategy is the key! All these numbers are referenced to the ante bet amount only.
it was just an example.Quote: ActuarialWhy would you ever voluntarily put more money on the blind?
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changed it to $5 instead of $25
Quote: 100xOddsThat's like saying the HE for '3:2 s17 Blackjack' is .4% but EoR is lower because of double downs and splits?
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This saying is definitely correct.
OK, I'll bite, what is Eliot's strategy and how are the casinos keeping him away from the tables?Quote: acesideQuote: 100xOddsBut the HE takes into account the Blind bet payout.Quote: acesideThe UTH house edge of 2.2% is referenced to your ante bet amount only.
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If you can have a different bet size for the Blind bet (ie: $10 Ante, $25 Blind), then the HE would be different.
The HE takes into account that the Blind bet amount is the same as the Ante amount.
link to original post
A UTH house edge is determined by that player’s strategy. If you follow the Wizard’s strategy, you might get a House Edge of +2.2%; however, if you follow Eliot’s strategy, you might get a House Edge of -2.4%. Strategy is the key! All these numbers are referenced to the ante bet amount only.
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Quote: odiousgambitOK, I'll bite, what is Eliot's strategy and how are the casinos keeping him away from the tables?
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I'll bite too. My best guess is he's assuming a flashing dealer or colluding players.
Yes.Quote: WizardQuote: odiousgambitOK, I'll bite, what is Eliot's strategy and how are the casinos keeping him away from the tables?
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I'll bite too. My best guess is he's assuming a flashing dealer or colluding players.
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Quote: odiousgambitOK, I'll bite, what is Eliot's strategy and how are the casinos keeping him away from the tables?Quote: acesideQuote: 100xOddsBut the HE takes into account the Blind bet payout.Quote: acesideThe UTH house edge of 2.2% is referenced to your ante bet amount only.
link to original post
If you can have a different bet size for the Blind bet (ie: $10 Ante, $25 Blind), then the HE would be different.
The HE takes into account that the Blind bet amount is the same as the Ante amount.
link to original post
A UTH house edge is determined by that player’s strategy. If you follow the Wizard’s strategy, you might get a House Edge of +2.2%; however, if you follow Eliot’s strategy, you might get a House Edge of -2.4%. Strategy is the key! All these numbers are referenced to the ante bet amount only.
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I think your reasoning makes good sense. For this game of UTH, the house edge should be referenced to the total initial bet on this hand, which is the sum of ante bet and blind bet. This makes a house edge of about 1.1%.
