teliot
teliot
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April 19th, 2012 at 7:26:36 AM permalink
Earlier this week, I was visiting a casino in Arizona and I saw the "Perfect Charlie" side bet on all of their six-deck games. This has to be one of the most ill conceived side bets I have ever seen. I did not see a single person make this wager during my visit.

The hit frequency is (72/312)*(48/311)*(24/310) = 0.002757, or 1-in-362.65. The top prize has probability (24/312)*(6/311)*(6/310)*(6/309)*(6/308) = 0.0000000108650, or 1-in-92,038,521. This wager would not be legal in NV, where the top prize must be 1-in-17,000,000 or less.

Who would play such a bet?

The paper was purposely meant to look old, like a miner might pull out of his pocket, though I am responsible for the crease.


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Wizard
Administrator
Wizard
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April 19th, 2012 at 8:30:42 AM permalink
I saw that at the Fort McDowell casino in Phoenix about three years ago. Is that where you saw it? Here is my write up. 39% house edge (ouch!).
It's not whether you win or lose; it's whether or not you had a good bet.
teliot
teliot
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April 19th, 2012 at 8:40:12 AM permalink
Yes, exactly, the Fort McDowell casino off of101N, on the East side of Phoenix.
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DJTeddyBear
DJTeddyBear
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April 19th, 2012 at 9:56:55 AM permalink
I so often say, "When a casino offers a bet for less than the table minimum, ask yourself, 'Why?'"

Of course, when I say that, I'm usually referring to the bets that are $1.

This thing costs only 50¢ ??? That alone probably raises enough red flags that it's no wonder nobody played it.


Quote: Wizard

39% house edge (ouch!).

"Ouch" is putting it mildly!
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ 覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧 Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
only1choice
only1choice
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April 19th, 2012 at 10:00:11 AM permalink
Quote: Wizard

I saw that at the Fort McDowell casino in Phoenix about three years ago. Is that where you saw it? Here is my write up. 39% house edge (ouch!).



Link not working.
IF YOU PLAY "PLAY TO WIN"
teliot
teliot
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April 19th, 2012 at 10:00:43 AM permalink
Quote: DJTeddyBear

This thing costs only 50¢ ??? That alone probably raises enough red flags that it's no wonder nobody played it.

There is also a 25 cent option:

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CrystalMath
CrystalMath
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April 19th, 2012 at 10:06:24 AM permalink
Quote: teliot


The hit frequency is (72/312)*(48/311)*(24/310) = 0.002757, or 1-in-362.65. The top prize has probability (24/312)*(6/311)*(6/310)*(6/309)*(6/308) = 0.0000000108650, or 1-in-92,038,521. This wager would not be legal in NV, where the top prize must be 1-in-17,000,000 or less.



In Arizona, the top award on an electronic gaming device (aka slot machine) is also 1:17M. I didn't realize there was any standard for live games. In any case, thanks for the warning. I have yet to ever play a side bet since I know even the good ones have a horrible edge.
I heart Crystal Math.
DJTeddyBear
DJTeddyBear
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April 19th, 2012 at 10:08:41 AM permalink
Quote: teliot

There is also a 25 cent option:

OMG!

You've proved my point even more!

LOL
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ 覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧 Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
teliot
teliot
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April 19th, 2012 at 10:08:43 AM permalink
Quote: CrystalMath

In Arizona, the top award on an electronic gaming device (aka slot machine) is also 1:17M. I didn't realize there was any standard for live games.

I did the math for a bingo game and was dinged by GLI for exceeding 1-in-17M. In my defense, the company that hired me set the specifications.
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CrystalMath
CrystalMath
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April 19th, 2012 at 10:14:21 AM permalink
Quote: teliot

I designed a bingo game and was dinged by GLI for exceeding 1-in-17M. In my defense, the company that hired me set the specifications.



Thanks for the heads up. I design every slot with 1:17M in mind even though many jurisdictions are 1:25M; it just makes for easy transfers in the future. If I ever design live games, I guess I'll stick to the same standard.
I heart Crystal Math.

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