Rabbit hunter stud page
I think this is not an ommission ,but because the bonus has a 136% player edge you would always play the bonus.
This is according to Discount Gambling.
Quote: HunterhillOn the rabbit hunter stud page on woo , Wizard said That eliot fromme only had the strategy for when you play the bonus.
I think this is not an ommission ,but because the bonus has a 136% player edge you would always play the bonus.
This is according to Discount Gambling.
Good suggestion! I just added that. Yet another reason I keep saying that Discount Gambling is a great site.
Quote: WizardGood suggestion! I just added that. Yet another reason I keep saying that Discount Gambling is a great site.
How does the casino stay in business offering a wager with a 136% player edge?
Quote: AyecarumbaHow does the casino stay in business offering a wager with a 136% player edge?
Actually, he said it had a 136% return, which would be a 36% edge. The way they got away with it was madating another bet with a greater than 36% house edge.
Quote: WizardActually, he said it had a 136% return, which would be a 36% edge. The way they got away with it was madating another bet with a greater than 36% house edge.
Still, 36% to the player's side is quite an edge. From the description, the base game only has a 2-3% house edge. Where is the casino making their money?
Quote: AyecarumbaStill, 36% to the player's side is quite an edge. From the description, the base game only has a 2-3% house edge. Where is the casino making their money?
Let's say the Ante bet has a 30% house edge. Then the average return is average(-30%,36%) = -3%. So they make their money on the high house edge on the Ante bet.
Ultimate Texas Hold Em works the same way. There is a player advantage on the Ante and Raise bets combined. However, the Blind bet, which is mandated, carries a huge house edge.
Quote: WizardLet's say the Ante bet has a 30% house edge. Then the average return is average(-30%,36%) = -3%. So they make their money on the high house edge on the Ante bet.
Ultimate Texas Hold Em works the same way. There is a player advantage on the Ante and Raise bets combined. However, the Blind bet, which is mandated, carries a huge house edge.
Thanks, Wizard! in light of that, discountgambling's trumpeting a 136% return now seems a bit misleading. Sort of like a "half-off" sale after the price has been jacked up 98%.
Quote: IbeatyouracesI'm curious to know the HE on the "Two Way Bad Beat" side bet is.
I didn't know they had that bet in the game. It wasn't covered in Elliot Frome's report.
It's also on some other ShuffleMaster games, I can't think of them right now...Quote: IbeatyouracesIt's offered on the Rabbit Hunter game at Motorcity Casino and figured it was just another side bet of the game. The players often have largers wagers on this bet hoping for that 10:1 payoff.
Quote: IbeatyouracesIt's offered on the Rabbit Hunter game at Motorcity Casino and figured it was just another side bet of the game. The players often have largers wagers on this bet hoping for that 10:1 payoff.
I saw it there last night- wanted to check out the game but didn't have a lot of time. I watched two hands where the player in seat one was betting $100 on the Bad Beat and won both for $2k total. My first impression was that they were not paying off the player correctly- why should he get 10 to 1 when losing with a pair of tens versus dealer jacks? (Or something like that) When taking into account the 6th card, I'm now really curious on the house edge on this side bet- as having a losing hand of tens with one hand having potentially 6 cards doesn't seem all that uncommon- although I'm sure the analysis will probably yield it happens a little less than 1 out of 10, of course...
Seemed like a potentially interesting game, though- might gain more traction than I originally thought it would...
Quote: IbeatyouracesVery simple, Wiz. The bet pays 10 to 1 if both the dealers hand and players hand is a pair of tens or better no matter who wins. If I bet $100 and get jacks and the dealer gets queens, I win $1000 on the bet. And you can use the 6th card if needed.
I didn't catch the min/max for the table- but assume they probably maxed the Bad Beat bet at $100 with likely $15 minimums for the rest. I guess the next question would be how to best maximize your odds on the Bad Beat bet, even if doing so may not be proper strategy for your primary game. I assume the player was almost always buying a card if his Bad Beat bet didn't qualify? Did you see how the guy made out?
Quote: IbeatyouracesVery simple, Wiz. The bet pays 10 to 1 if both the dealers hand and players hand is a pair of tens or better no matter who wins. If I bet $100 and get jacks and the dealer gets queens, I win $1000 on the bet. And you can use the 6th card if needed.
Thanks.
According to my calculations, the probability of a 5-card hand being a pair of tens or higher is 23.878%. For a six-card hand I get 38.104%. So, assuming independent decks, the probability both would be tens or higher would be .23878 * .38104 = 9.099%. At 10 to 1 the player would have a player edge of 0.084%.
However, if the player doesn't buy the sixth card the probability of a bad beat would be 0.23878^2=5.702%, resulting in a house edge of 37.282%. According to Discount Gambling, the player buy's the sixth card 47% of the time, resulting in a weighted house edge of 47%*-0.084% + 53%*37.282% = 19.72%.
Of course, if you made the side bet you would be motivated to buy the sixth card more often, lowering the overall house edge on the side bet, but increasing it on the base game.
Anybody wish to challenge any of my math?
Source: Stud poker probabilities.
Quote: WizardAccording to my calculations, the probability of a 5-card hand being a pair of tens or higher is 23.878%. For a six-card hand I get 38.104%. So, assuming independent decks, the probability both would be tens or higher would be .23878 * .38104 = 9.099%. At 10 to 1 the player would have a player edge of 0.084%.
But the decks aren't independent. Does the player edge go away since both hands are drawn from the same deck?
If the player has a pair of 10's or better with five cards, why would they not try to improve their hand to win the base game too?
Quote: AyecarumbaBut the decks aren't independent. Does the player edge go away since both hands are drawn from the same deck?
If the player has a pair of 10's or better with five cards, why would they not try to improve their hand to win the base game too?
Well, sometimes I have to weigh the accuracy of my answer to the value of the information to the value of my time. In this case, I think a rough estimate is good enough. So, I just added this bet to my Rabbit Hunter page. Thanks to all who helped.
Roger Snow talks about the game a little bit in my radio show tonight, which we prerecorded yesterday.
