houset
houset
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Joined: Nov 27, 2010
November 27th, 2010 at 5:39:38 AM permalink
At Hollywood Casino in Pennsylvania, they have a ridiculous payout system for the bonus bet in Three-Card Poker. It is
35-1 (Straight Flush)
25-1 (Three of a kind)
5-1 (Straight)
3-1 (Flush)
1-1 (Pair)

I stay away from it personally, but can anyone tell me with the reduction in payouts, what is the house edge and your element of risk?
DorothyGale
DorothyGale
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Joined: Nov 23, 2009
November 27th, 2010 at 6:41:48 AM permalink
The house edge (which is the same as the element of risk for this bet) is 12.57%. The standard deviation is 2.52.

--Dorothy
"Who would have thought a good little girl like you could destroy my beautiful wickedness!"
miplet
miplet
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November 27th, 2010 at 9:45:21 AM permalink
Quote: DorothyGale

The house edge (which is the same as the element of risk for this bet) is 12.57%. The standard deviation is 2.52.

--Dorothy


This munchkin gets 12.796380090498 % and 2.50778081820836 (might be wrong on sd. It's past my be time)
“Man Babes” #AxelFabulous
DorothyGale
DorothyGale
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Joined: Nov 23, 2009
November 27th, 2010 at 10:57:56 AM permalink
Quote: miplet

This munchkin gets 12.796380090498 % and 2.50778081820836 (might be wrong on sd. It's past my be time)

I used the QAD 2 decimal approximations given on WOO for the various payout probabilities, rather than the hard hand counts, so I'm sure I'm only good to 2 sig figs ...

Sleep ... miplet ... sleep my pretty ...

--Ms. Dorothy
"Who would have thought a good little girl like you could destroy my beautiful wickedness!"
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