21Flip
Joined: Dec 22, 2014
• Posts: 94
February 11th, 2015 at 7:04:13 PM permalink
Two parts to this question:

Is there a table of the "hit rate" of common casino table games? For comparison purposes?

Are "push events" (where the player has no net win/loss) calculated as part of the hit rate?
beachbumbabs
Joined: May 21, 2013
• Posts: 13707
February 11th, 2015 at 7:18:45 PM permalink
Quote: 21Flip

Two parts to this question:

Is there a table of the "hit rate" of common casino table games? For comparison purposes?

Are "push events" (where the player has no net win/loss) calculated as part of the hit rate?

I'm not an expert, but I take hit rates to be wins only; that's how I calculate them on my games, anyway, and I haven't been corrected. If you look at any game in the WizardofOdds list, nearly all of them have a probability chart that includes the HE for each bet on a game. If you add up the probabilities (usually the header of that column) that are positive, that will give you a hit rate. A lot of times it's easier to note the "-1" probability and subtract if from 1 than add up an entire odds table.
If the House lost every hand, they wouldn't deal the game.
21Flip
Joined: Dec 22, 2014
• Posts: 94
February 11th, 2015 at 7:25:36 PM permalink
Cool! Thanks!

With regard to pushes, my game is kind of odd where you never have a true push, like a tie in blackjack.

Instead, you have 6.5% chance of winning 1 unit and losing 1, or winning 3 units and losing 1 x 3.

Not really sure how to quantify that... :-/
Zcore13
Joined: Nov 30, 2009
• Posts: 3372
February 11th, 2015 at 7:28:38 PM permalink
The percentage of time someone wins in the game is usually called "frequency", but I think win rate would be understandable by everyone whereas frequency would be more of a gaming employee or knowledgeable player term.

Adding up all the probabilities to win would give you that number. Ties do no count toward frequency.

ZCore13
I am an employee of a Casino. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
21Flip
Joined: Dec 22, 2014
• Posts: 94
February 11th, 2015 at 7:30:24 PM permalink
Quote: Zcore13

The percentage of time someone wins in the game is usually called "frequency", but I think win rate would be understandable by everyone whereas frequency would be more of a gaming employee or knowledgeable player term.

Adding up all the probabilities to win would give you that number. Ties do no count toward frequency.

ZCore13

Cool. Thank you!