Casino Monte at Luxor

Just stayed at Luxor and they had a brand new table game. Was curious what you think of it and whether there is a good strategy. In particular, I was playing with my spouse so picking different colors to spread the variance and then when it makes sense to double or triple your bet.

CASINO MONTE

Casino Monte is a brand new game with a simple way to win: pick the biggest card!

Wagering: You must place a wager in only one of the three betting spots. By choosing your betting spot color you are selecting to play the corresponding card for the hand. You may also place an optional wager on the Full Monte side bet for a second chance to win big.

Dice Roll: After you have made your bet, the dealer will shake the dice cup and reveal the outcome. If the dice outcome is a 1 or 2, the dealer will draw a card and place it face up in the red position, If the dice outcome is a 3 or 4, the dealer will draw a card and place it face up in the white position. f the dice outcome is a 5 or 6, the dealer will draw a card and place it face up in the blue position.

Player Actions: After the first card has been revealed, you will have the opportunity to make an optional raise. You may chose to raise between lx-3x your initial bet, or, you can choose to check and leave just your initial bet in play.

Dealer Actions: After all players have exercised their option to raise, the dealer will draw a card and place it face up in the open position that is farthest from the shoe. The dealer will draw a final card and place it face up in the final open position.

Pay the Winners: If your card is the biggest card of the three, both your initial wager and your raise are paid 1:l. If two of the three cards are the same rank and are bigger than the remaining card. both cards win and are paid 1:l. If all three cards are equal, all hands win and the initial bet is paid 3:1 and the raise is paid 1:1. Aces are the biggest card and deuces are the smallest card.

Full Monte: an optional side bet that wins if all three dealt cards form a winning poker hand. Winning Full Monte wagers are paid odds according to the paytable below:

HAND PAYS
Suited Three-of-a-Kind 100 to 1
Straight Flush 25 to 1
Three-of-a-Kind 10 to 1
Straight 5 to 1
Flush 3 to 1
Pair 1 to 1

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I've been meaning to check out this game. Probably will on Thursday. Anyone want to join me?

I went to the Luxor this afternoon to check out Casino Monte, but it was closed at the time. Here are scans of the rack card. I think I understand them. The ball is in my court to do the math.

I saw this was having a trial but could find nothing on it. I guess it's inspired by Monte Bank but strikes me as more of a Casino War variant.

Here is my strategy:

If your card is exposed, then raise 3x with a jack or higher, otherwise check.
If an opponent card is exposed, then raise 3x if it is a 5 or less, otherwise check.

Following this strategy, I get a house edge (based on the initial wager) of 4.17%.

Here is my analysis of the Full Monte side bet.

Event	Pays	Combinations	Probability	Return
Suited three of a kind	100	1040	0.000207	0.020745
Straight flush	25	10368	0.002068	0.051702
Three of a kind	10	25272	0.005041	0.050410
Straight	5	155520	0.031021	0.155107
Flush	3	292896	0.058424	0.175271
Pair	1	977184	0.194918	0.194918
Loser	-1	3551040	0.708321	-0.708321
Total		5013320	1.000000	-0.060169

The lower right cell shows a house edge of 6.02%.

My back of the envelope element of risk on the Wiz strategy above on the main game is: 2.17%.

Quote: unJon

My back of the envelope element of risk on the Wiz strategy above on the main game is: 2.17%.
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I agree. Probability of raising is 30.77%. Average total wager of 1.923 units.

What was the table minimum on this?

Quote: TigerWu

What was the table minimum on this?
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It was closed when I was there about 4PM on a Thursday, so I don't know. The table limits sign was turned off. Hopefully, as a field trial game, they had it low.

In other news, my page on Casino Monte is up at WoO. I welcome all comments.

Thanks for checking it out. Any merits to playing with one or two partners so someone is always on the active color or in a position to raise if not?

Quote: kevmod

Thanks for checking it out. Any merits to playing with one or two partners so someone is always on the active color or in a position to raise if not?
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Let's look at it from the standpoint of the two players who bet on the color that's not the first up card. Presumably, they make the same bets as each other.
If their cards differ, then either their bets push (one wins, and the other loses), or both bets lose.
True, if their cards are the same and not lower than the first card, then they both win, but unless the first card is also the same, then the first bets loses.
It seems to smack of "bet half on red, and the other on black."

Update:
I did some number crunching, and what I get is, the only difference from the Wizard's strategy is, you check if the up card is a 5 and not in your betting color. It is not going to have a noticeable effect overall.