May 28th, 2012 at 4:58:57 AM
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Australian Casinos are beginning to change the rules for the Perfect Pairs side bets on Baccarat and Blackjack from:
Baccarat - 8 Decks / Blackjack - 6 Decks
Perfect Pair: 30 to 1 (2 cards of the same rank and suit)
Colored Pair: 10 to 1 (2 red or 2 black cards of the same rank)
Mixed Pair: 5 to 1 (2 cards of the same rank, 1 red, 1 black).
to
All Pairs: 11 to 1 (Any 2 cards of the same rank, suit irrelevant)
What effect does this have on the house edge? ie. What was it before and what is it now, I'm rather terrible at calculating this type of thing. Casino staff have been advised to tell players that there's "no change, it's about the same - we're just bringing it into line with other Pacific Casinos".
Baccarat - 8 Decks / Blackjack - 6 Decks
Perfect Pair: 30 to 1 (2 cards of the same rank and suit)
Colored Pair: 10 to 1 (2 red or 2 black cards of the same rank)
Mixed Pair: 5 to 1 (2 cards of the same rank, 1 red, 1 black).
to
All Pairs: 11 to 1 (Any 2 cards of the same rank, suit irrelevant)
What effect does this have on the house edge? ie. What was it before and what is it now, I'm rather terrible at calculating this type of thing. Casino staff have been advised to tell players that there's "no change, it's about the same - we're just bringing it into line with other Pacific Casinos".
May 28th, 2012 at 6:50:12 AM
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I don`t know what the edge would be,but you can be sure it will be a higher edge for the casino.
Happy days are here again
May 28th, 2012 at 7:12:39 AM
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The house edge for 8 decks would be 10.3614458%
LOL, so yeah. Almost the same. Pffftt
I can only guess that for 6 decks it would be about 12%!
LOL, so yeah. Almost the same. Pffftt
Hand | Odds | Prob. | Return |
---|---|---|---|
Perfect Pair | 11 | 0.016867 | 0.185542 |
Colour Pair | 11 | 0.019277 | 0.212048 |
Mixed Pair | 11 | 0.038554 | 0.424096 |
No Pair | -1 | 0.925301 | -0.9253 |
Total | 1 | -0.10361 |
I can only guess that for 6 decks it would be about 12%!
http://wizardofvegas.com/forum/off-topic/general/10042-woes-black-sheep-game-ii/#post151727
May 28th, 2012 at 8:44:08 AM
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For blackjack (6 decks):
Before the change, house edge is 5.79%
After the change, house edge is 11.25%
For baccarat (8 decks):
Before the change, house edge is 3.37%
After the change, house edge is 10.36%
So the casino is lying, it is not "about the same"!
Before the change, house edge is 5.79%
After the change, house edge is 11.25%
For baccarat (8 decks):
Before the change, house edge is 3.37%
After the change, house edge is 10.36%
So the casino is lying, it is not "about the same"!
May 28th, 2012 at 8:50:14 AM
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6 decks old -0.057877813504823 new -0.112540192926045 1.94 times higher
8 decks old -0.033734939759036 new -0.103614457831325 3.07 times higher
edit: I type slow:)
8 decks old -0.033734939759036 new -0.103614457831325 3.07 times higher
edit: I type slow:)
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