Big wheel hold
November 29th, 2013 at 9:51:15 PM
permalink
So I have a few friends who enjoy the big wheel game. Its the electronic one with several payouts.
Its got the numbers 1, 3, 6, 12, 25, and 2 "joker" tiles which pays 50 to 1. The other numbers pay the same odds as the amount. What kind of house edge does his game have? I have a bet with them regarding payback right now at the casino so please reply asap. Thanks!
Its got the numbers 1, 3, 6, 12, 25, and 2 "joker" tiles which pays 50 to 1. The other numbers pay the same odds as the amount. What kind of house edge does his game have? I have a bet with them regarding payback right now at the casino so please reply asap. Thanks!
"Man Babes" #AxelFabulous
November 29th, 2013 at 11:14:58 PM
permalink
House Edge versus (Historical) Role of the Game.
The Historical role of the game was as a come on at or near the Entrance of a Carnival to attract the simpletons.
Its a high up and easily spotted game in amongst a crowd of onlookers or those milling about. Its easy to play. It involves a barker even though his role is now far diminished as to calling out to passersby.
Yet 5.56 percent for Simpleton Suckers is not all that bad when you think of the near-royalty involved with Roulette.
Largely seated and sedate, separately colored chips for speed and argument avoidance, ... 5.26 percent on an American wheel.
So as long as your friends avoid the 6, I imagine they would be okay.
Now you look at Craps at 0.6 percent with 100x as an odds factor and you see what real bargains are and that perhaps those awful pit bosses who want to up the table minimums are not such bad folk after all.
The Historical role of the game was as a come on at or near the Entrance of a Carnival to attract the simpletons.
Its a high up and easily spotted game in amongst a crowd of onlookers or those milling about. Its easy to play. It involves a barker even though his role is now far diminished as to calling out to passersby.
Yet 5.56 percent for Simpleton Suckers is not all that bad when you think of the near-royalty involved with Roulette.
Largely seated and sedate, separately colored chips for speed and argument avoidance, ... 5.26 percent on an American wheel.
So as long as your friends avoid the 6, I imagine they would be okay.
Now you look at Craps at 0.6 percent with 100x as an odds factor and you see what real bargains are and that perhaps those awful pit bosses who want to up the table minimums are not such bad folk after all.
November 30th, 2013 at 4:17:08 AM
permalink
Quote: beachbumbabsAssuming it's the same numbers in the same amounts, the Wizard says the HE is 5.56%. Equal odds on the 1-3-12-25. Terrible odds on the 6. Look at the last table on the page below.
big six
James Grosjean begs to differ.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
November 30th, 2013 at 7:58:37 AM
permalink
Quote: 1BBQuote: beachbumbabsAssuming it's the same numbers in the same amounts, the Wizard says the HE is 5.56%. Equal odds on the 1-3-12-25. Terrible odds on the 6. Look at the last table on the page below.
big six
James Grosjean begs to differ.
He begs to differ on the electronic big six game???
