What's up with Sic Bo
It's not the first time that I've asked why someone would play a -EV game. But this is different. At 47.22% house edge even a degenerate gambler should be losing his money quickly enough to realize it's an extremely bad bet. Even the noobest of noobs should be able to feel that their money is being robbed faster than they can roll the dice.
Seriously who the hell would play this game and more importantly why...
P.S. For comparison. Wiz hates blackjack pays 6:5 because they should be paying 3:2. A 47.22% house edge is like, blackjack pays -10:1. Every time you get a blackjack on a $25 bet, the dealer punches you to the ground and takes $250 out of your wallet.
https://wizardofodds.com/games/three-card-baccarat/
Yes, you read that correctly - that's a house edge of 83%, a bet that's only 17% better than the "take your money and flush it down the crapper" bet.
I also notice that the ludicrously high house edges tend to be in Macau in Sic Bo - in AC, the 5/16 bet seems to have a less usurous house edge of 13.89%. Too high for my blood, but better than, for example, the yo bet in craps.
Let us be precise about this.Quote: hwccdealerIYes, you read that correctly - that's a house edge of 83%, a bet that's only 17% better than the "take your money and flush it down the crapper" bet.
If I propose a game with 0.3% House edge, would you find it worthwile to play? Let's assume Yes. Then I explain the rules: you bet $10, I keep $0.30 and give you back the remainder. You actually threw 30 cent down the crapper.
Conclusion: House edge is not the essential element. You have to look at prizes and probability distribution.
A state lottery may be 50% HE, it still can make perfect sense to play because the loss is negligeable but the prize is life-changing. My example 0.3% HE game is stupid.
Quote: kubikulannLet us be precise about this.
If I propose a game with 0.3% House edge, would you find it worthwile to play? Let's assume Yes. Then I explain the rules: you bet $10, I keep $0.30 and give you back the remainder. You actually threw 30 cent down the crapper.
Conclusion: House edge is not the essential element. You have to look at prizes and probability distribution.
A state lottery may be 50% HE, it still can make perfect sense to play because the loss is negligeable but the prize is life-changing. My example 0.3% HE game is stupid.
The lottery can get away with a 50% HE precisely because the jackpot is so mind-blowing. Generally speaking, bets with higher house edges have higher payouts. It's a trade-off between low house edge and high payouts. Craps is the best example of this, of course - the low-HE bets on the pass and don't pass earn only even money (with odds, of course,) whereas the 12 bet pays 30-1 but has a much higher HE. So why play the 12? Because of the 30-1 payout, of course.
In the bet I described, you win about one in 100 times, yet you win $16 for every $1 played. Compared to the 12 bet, that's about half the yield and about a third of the chance to win. So this is a bet with an absurdly high house edge AND a payoff that doesn't even come close to worth it.
House edge is a significant element, just as the prize and probability distribution are. The bet that I described fails in all of those. Essentially, it's 17 percent better than the "take your money and flush it down the crapper" bet for a payoff that's worse than the 1-in-19 shot you get on a split bet in roulette.
Quote: ontariodealerthe sic bo at our place has some of the biggest action in north america.........and it holds over 40%
It's a clear sign that the DIs haven't started to attack this game yet. What a missed opportunity!
Quote: VenthusIt's a clear sign that the DIs haven't started to attack this game yet. What a missed opportunity!
The dealers control the dice in a cage. There is no player interaction.
Quote: NeutrinoMonstrously high house edge (except in big/small bets) that dwarf literally all other casino games by a long long shot. All bets have double digit percentage house edge.
The chuck-a-luck bet shouldn't have more than 7.87% HA, and even that's only if a triple pays 3-1. (At Crown Casino in Melbourne, all Sic Bo games, including video, are required to pay 12-1 for a triple, which makes the HA 3.70%.)
Quote: wudgedThe dealers control the dice in a cage. There is no player interaction.
That's not true everywhere. Some places, the dealers shake a big bowl.
Other places, it's mechanical, and the players press a button to stop the shaking.
You could have button influencers.
Quote: sodawaterYou could have button influencers.
This is my new approach to video poker. Since the cards are being constantly shuffled until I push the button, I just push the button at the time that will give me a royal. If I don't get a royal, I blame it on someone buying in 3 machines over.
Quote: AxiomOfChoiceThis is my new approach to video poker. Since the cards are being constantly shuffled until I push the button, I just push the button at the time that will give me a royal. If I don't get a royal, I blame it on someone buying in 3 machines over.
I've been playing wrong this entire time. I've been pressing the button just before the royal to try and trick it. So much wasted time.
Quote: AxiomOfChoiceThis is my new approach to video poker. Since the cards are being constantly shuffled until I push the button, I just push the button at the time that will give me a royal. If I don't get a royal, I blame it on someone buying in 3 machines over.
now that's funny
