allnighter
allnighter
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January 20th, 2011 at 7:01:59 PM permalink
I was looking at the numbers between the 2 games and while it's clear that probability says the banker is the better bet in normal baccarat with a 0.458597 probability of winning vs. the player probability of 0.446247 isn't the player actually the better bet in the EZ baccarat version of the game? The numbers show in EZ that the probabilty of a banker win is 0.436118 and the player win probability is 0.446279. The difference comes from a hand totaling 7 for the banker that would normally win in baccarat becoming a tie in EZ baccarat. So then am i correct that numbers wise, player would be the better bet with a higher probability in EZ baccarat or do i still include the 0.022535 probabilty of the banker 7 tie in with the banker odds because you get your money back and thus giving the banker bet the better odds in EZ, i'm confused? Thanks for your help.
toastcmu
toastcmu
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January 22nd, 2011 at 5:54:07 PM permalink
The numbers you list only take into account the probability of the act occurring. You have to resolve all the outcomes with their probabilities. Betting player in EZ would result in you losing your bet for a banker win or a banker 3-card win. Resolving this, you get .436118*(-1)+.022535*(-1) Banker wins or 3-card win+ .446279*(1) to get the total house edge. Doing this shows a 1.24% house edge for playing on player. Performing the same analysis on banker bets yields 1.02% for the Banker bet.

-B
guido111
guido111
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January 22nd, 2011 at 8:50:28 PM permalink
Quote: allnighter

The numbers show in EZ that the probabilty of a banker win is 0.436118 and the player win probability is 0.446279. The difference comes from a hand totaling 7 for the banker that would normally win in baccarat becoming a tie in EZ baccarat.

So then am i correct that numbers wise, player would be the better bet with a higher probability in EZ baccarat or do i still include the 0.022535 probabilty of the banker 7 tie in with the banker odds because you get your money back and thus giving the banker bet the better odds in EZ, i'm confused? Thanks for your help.


You are not correct in saying "that numbers wise, "player" would be the better bet with a higher probability in EZ baccarat".

My wife and her friends are big EZ Bac players and I had made these tables for her last year when she also thought the player bet would be the better bet to make. Now she only bets the player bet when she thinks it will have a win streak. That would make for another thread on another day.

The reason is not how much a bet wins but also how much it will lose. That is where the house edge comes into play in EZ.
As the house edge is already shown in the above post, let me give you a few examples from playing 1, 10 and 100 shoes.

In 1 shoe, about 80 hands per shoe, the table below shows a perfect distribution and both bets end up losing the same 1 unit wager.
EventProbabilityPaysReturn1 SHOEFrequencyLossNET win/lossnet$actionhouse edge
Banker win0.43611810.43611834.883536-1-5405-0.01234
Normal tie0.095069007.608     
Banker 3-card 7 win0.022535001.802     
Player win0.446279-1-0.44627935.73637-1-5405-0.01234
Total1 -0.01016180.081    

In 10 shoes, the table below shows another perfect distribution and now we see that both bets are approaching their house edges. We can also see why. The player bet loses more than the banker bet.
EventProbabilityPaysReturn10 SHOESFrequencyLossNET win/lossnet$actionhouse edge
Banker win0.43611810.436118348.9349357-8-404000-0.01
Normal tie0.095069007676     
Banker 3-card 7 win0.022535001818     
Player win0.446279-1-0.446279357357367-10-504000-0.0125
Total1 -0.010161800800    

In 100 shoes, the table below shows another perfect distribution and now we again see that both bets are almost to their their house edges. We can also see why again. The player bet again loses more than the banker bet.
EventProbabilityPaysReturn100 SHOESFrequencyLossNET win/lossnet$actionhouse edge
Banker win0.43611810.4361183488.934893570-81-40540000-0.010125
Normal tie0.09506900760.5761     
Banker 3-card 7 win0.02253500180.2180     
Player win0.446279-1-0.4462793570.235703669-99-49540000-0.012375
Total1 -0.01016180008000    
EvenBob
EvenBob
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January 22nd, 2011 at 9:30:07 PM permalink
They had EZ bac in one of my local casinos for about 4 months and took it out because none of the Asians would play it. Too superstitious. I'm not kidding.
"It's not called gambling if the math is on your side."
allnighter
allnighter
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January 23rd, 2011 at 5:22:27 AM permalink
Thanks for the info and explanations, that clears up my confusion quite nicely. In response to evenbob about the popularity of the game i guess it is hit or miss if people like the EZ variant or not. For example i hear that EZ baccarat is not popular in Vegas but the casinos that i frequent removed the regular baccarat tables and replaced them with all EZ bac tables and they are very popular. You pretty much have to go at oddball hours just to get a seat, they are packed during normal hours and the asian crowd likes it as much as anyone else. The tables get rowdy when a dragon hits and you can hear players screaming from across the casino. I would say it is the most popular game in the casino around my parts.
odiousgambit
odiousgambit
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January 23rd, 2011 at 5:36:58 AM permalink
and where do you hail from?
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
Fascinations
Fascinations
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August 30th, 2015 at 3:48:23 PM permalink
I do not understand why ties are included in house edge calculations.

If you remove the ties, what is the house edge for both Banker and Player?

Also, could you please convert the house edge into something simple. For example, Bank will win 40 out of 81 non-tie hands; Player will win...

Many thanks.
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