House edge question
I'm wondering about the House Edge for the following bets:
1. Mini-Baccarat ONLY IF no commission is taken. Does it still have a negative expectation? What is the House/Player edge?
2. EZB House Edge for Player, Banker, and Tie
Thanks so much!
CM
https://wizardofodds.com/games/baccarat/
Actually, I had already checked out that page, and none of my questions were answered there, or Appendix 6, for that matter. The link you suggested points me to Baccarat (with commission), not EZ Bac. The Baccarat question I posed referred to a no-commission banker payout.
Thanks for trying though!
CM
2. EZB house edge for banker is shown in the appendix 6 of the link on WoO and is 1.02%. This is slightly better than the HE of banker in regular baccarat and is the equivalent of a 4.92% commission rate. The tie and player HE remains unchanged under the system at 14.44% and 1.24% assuming 6 decks.
Quote: CasinoMagicI cannot find the following pieces of information reliably online, thus here I am.
I'm wondering about the House Edge for the following bets:
1. Mini-Baccarat ONLY IF no commission is taken. Does it still have a negative expectation? What is the House/Player edge?
If you were to play 8-deck mini-baccarat where there were no commission on winning banker bets, and everything else the same:
The house edge on player would remain 1.235%
The house edge on tie would remain 14.36%
The banker would have a positive expectation of 1.36%. This is calculated as follows:
458597/(458597+446247) = 50.68 percent chance of winning
1 - 50.68% chance of winning is a 49.32% chance of losing.
50.68 - 49.32 = 1.36 percent edge
Quote: CasinoMagic
2. EZB House Edge for Player, Banker, and Tie
You can just look this up at https://wizardofodds.com/games/baccarat/appendix/6/
House edge for banker: 1.016%
House edge for player: would remain 1.235%
The house edge on tie would remain 14.36%
Quote: CasinoMagicI cannot find the following pieces of information reliably online, thus here I am.
I'm wondering about the House Edge for the following bets:
1. Mini-Baccarat ONLY IF no commission is taken. Does it still have a negative expectation? What is the House/Player edge?
2. EZB House Edge for Player, Banker, and Tie
Thanks so much!
CM
This game doesn't exist. If you found a zero commission game, it is a trick with an altered payout scheme and a disguised edge.
Quote: SonuvabishThis game doesn't exist. If you found a zero commission game, it is a trick with an altered payout scheme and a disguised edge.
I think calling it a "trick" is a little disingenuous to be fair.
If you imply "trick" that would mean that the casino is trying to "hide" something from the players.
As stats mentioned, there is a no commission variant on the market where Banker 6 win is paid at 1-2 BUT those rules are clearly stated on the layout for all to see, so no trick involved.
The main reason why this version is implemented is for game pace. Also the HE is slightly higher on BANKER for the NC version -1.46%
Quote: TomspurI think calling it a "trick" is a little disingenuous to be fair.
If you imply "trick" that would mean that the casino is trying to "hide" something from the players.
As stats mentioned, there is a no commission variant on the market where Banker 6 win is paid at 1-2 BUT those rules are clearly stated on the layout for all to see, so no trick involved.
The main reason why this version is implemented is for game pace. Also the HE is slightly higher on BANKER for the NC version -1.46%
Well, it's not hard to trick a dummy.
Quote: SonuvabishWell, it's not hard to trick a dummy.
I hope that wasn't directed at me?
Quote: TomspurI hope that wasn't directed at me?
No, I mean you can say it is not really a trick. Or you can just assume people are dumb and easily tricked.
Quote: SonuvabishNo, I mean you can say it is not really a trick. Or you can just assume people are dumb and easily tricked.
A good chunk of gamblers could care less about the odds; that's why things like 6 to 5 survive.
Quote: tringlomaneA good chunk of gamblers could care less about the odds; that's why things like 6 to 5 survive.
Every single ploppy I have ever discussed 6:5 with didn't understand the odds. Many believed the odds are better. None expressed belief the odds are worse. I'm not arguing they would ultimately care, just pointing that out. Knowledge that 6:5 is a scam doesn't help its proliferation, that much is certain. Isolated areas are forced to have good rules...they can tend to skimp on penetration instead.
Quote: SonuvabishEvery single ploppy I have ever discussed 6:5 with didn't understand the odds. Many believed the odds are better. None expressed belief the odds are worse. I'm not arguing they would ultimately care, just pointing that out. Knowledge that 6:5 is a scam doesn't help its proliferation, that much is certain. Isolated areas are forced to have good rules...they can tend to skimp on penetration instead.
Do you think it is because players don't understand fractions? I mean perhaps some guys might think 6/5 is "higher" than 3/2?
If that is the case, it speaks volumes for the American school system :)
I am a dealer and was wondering what my expected advantage was over the house when I bet with the player. There is no trick to the game. If no commission was the rule, there would have to be another change, but there isn`t.
Thanks,
CM
Quote: CasinoMagicSonuvabish,
I am a dealer and was wondering what my expected advantage was over the house when I bet with the player. There is no trick to the game. If no commission was the rule, there would have to be another change, but there isn`t.
Thanks,
CM
I'm sorry, but this statement leaves me confused. Being a dealer is irrelevant to anything as far as I can see, there is no advantage when betting player, and mentioning commission in the first place is extraneous to an ultimate question about the player bet.
Quote: TomspurDo you think it is because players don't understand fractions? I mean perhaps some guys might think 6/5 is "higher" than 3/2?
If that is the case, it speaks volumes for the American school system :)
From things I have heard, it is less decks that makes them think it is better. They simply toss out the blackjack payout as irrelevant or too complicated to factor. I doubt they're that bad at math. In defense of the loathsome ploppies, you can't know 6:5 single deck is worse than 3:2 multi-deck without some prior knowledge, or by looking it up.
A good idea is even money blackjack. Where if you have a blackjack, and the dealer has an ace, you automatically get even money, no option. Otherwise 3:2. Ploppies would love it. And it would also indicate to players that even money is good for the casino. So all the competitors would start losing money.
Quote: SonuvabishI'm sorry, but this statement leaves me confused. Being a dealer is irrelevant to anything as far as I can see, there is no advantage when betting player, and mentioning commission in the first place is extraneous to an ultimate question about the player bet.
What he is saying is that when a bettor (player) makes a toke wager for the dealer on the banker bet, the payout is even money with no commission. He was curious what kind of advantage that gave him.
Quote: wudgedWhat he is saying is that when a bettor (player) makes a toke wager for the dealer on the banker bet, the payout is even money with no commission. He was curious what kind of advantage that gave him.
Oh...are you sure? He was extremely unclear. However, that would definitely explain the reasoning behind the question and the statement.
Quote: TomspurDo you think it is because players don't understand fractions? I mean perhaps some guys might think 6/5 is "higher" than 3/2?
If that is the case, it speaks volumes for the American school system :)
It doesn't pay 3:2. Everybody knows BJ pays one and a half times your bet. :)
Quote: DRichIt doesn't pay 3:2. Everybody knows BJ pays one and a half times your bet. :)
yeah, they don't even let you bet $2 [g]
Quote: TomspurDo you think it is because players don't understand fractions? I mean perhaps some guys might think 6/5 is "higher" than 3/2?
If that is the case, it speaks volumes for the American school system :)
Hey I did not graduate from high school. But i mean like both numbers in 6/5 are higher than 3/2 Right ?
You have stated it much better than I could, and you are absolutely correct. Congrats on figuring out what I was *trying* to say....lol
Thanks,
CM
Quote: CasinoMagicHi wudged,
You have stated it much better than I could, and you are absolutely correct. Congrats on figuring out what I was *trying* to say....lol
Thanks,
CM
Wudged is obviously clairvoyant.
Quote: DRichIt doesn't pay 3:2. Everybody knows BJ pays one and a half times your bet. :)
You are pretty sharp for a lawyer :)
NOTE: Sorry ace :)
