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So the element of risk would be 2. Large bettors should be wary of maximum payouts. For every the effective payout on a royal goes down, the house edge will go up by 0.
What I mean by an "out" is a dealer hole card that will cause you to lose. Let's look at this situation as an example.
In the example above, there 15 cards that will pair the dealer and beat you three suits each of K, 7, 2, A, and Then there are the two ranks jacks and queens which will out-kick the player.
We don't count the other three nines because those will result in a push. So, because there are only 23 outs 21 or more , we fold. I get asked a lot about combinations of cards that will beat the player.
For example, any two dealer spades that would give the dealer a flush in the example above. The answer is no. It would really make things complicated if the strategy accounted for double-card combinations that would beat the player.
Following my Wizard strategy will result in a house edge of 2. The second and third decision points are influenced by the James Grosjean strategy , for which I have great respect, as I do for all of Grosjean's work.
I highly recommend his strategy if you want to something even more powerful than my simple strategy above. This is the most common progressive jackpot, in my experience, so I'll title it the "Common Progressive.
The following table shows the probability and contribution to the return for the various wins. Wins are relative to the amount bet and are on a "for one" basis.
What the table above immediately shows us is fixed wins return For each additional player at the table, besides yourself, your return goes up by 0.
The next table shows the break-even point, where the Progressive side bet has zero house edge, according to the bet amount and number of other players not counting yourself.
The top win is for a royal flush using at least one hole card, which I call a "hidden royal flush. The following table shows the return of the fixed wins only, not counting the envy bonus.
It shows a return of The return for the Envy Bonus is 0. The Big Progressive tends to be much larger, because the player must flop a royal flush to win it.
In other words, the player cannot make use of the Turn and River cards to win the progressive, unlike in the Small Progressive.
There is no Envy Bonus. It was seen at the Buffalo Thunder casino in New Mexico. Royal entirely on board 0. The return for at any given time is Fixed wins are not deducted from the meter.
That would make the overall return It pays if either the player or dealer lose with a three of a kind or better. Gaming literature mentions two different pay tables.
My analysis of both is below. The bottom line is a house edge of I'm told this side bet can be found in Washington state, the Flamingo in Las Vegas, and Norwegian cruise ship casinos.
It pays based on the player's hole cards, except the top award also involves the dealer's hole cards. The lower right cell in the following table shows a house edge of 8.
I have an unconfirmed report that at the Crown casino in Perth, Australia, the blind bet pushes if the dealer doesn't qualify and the dealer wins.
Assuming no change in strategy, this happens 1 in every hands. When it happens, the player will lose one less unit.
If the player has made a winning hand of less than a straight, then the bet will only push. However, all stronger hands pay the player based on their strength, according to this pay table:.
You can also make an optional Trips bet at the start of each hand. In fact, even folding your hand does not prevent you from winning money on this side bet.
The Trips pay table can vary, but one popular one looks like this:. In some casinos In some casinos, there is also a progressive side bet that players can play for one dollar.
The specifics of these bets vary, but they will usually require a royal flush in order to win the full jackpot — sometimes on the first five cards the player sees their hidden cards plus the first three community cards , or at the end of a hand.
The fact that there are several decision points during each hand complicates things greatly, and perfect, optimal strategy can be rather complicated.
This framework is based on one created by the Wizard of Odds, though we have smoothed out some of the marginal plays in order to make it even easier to memorize.
First, we need to decide whether or not we are going to make the initial 4x raise with our initial hand. We recommend raising with any of the following hands:.
You should do so any time you have the following:. At this point, it is safe to make the bet if you have at least a pair that uses at least one of your hole cards.
If you do not have that strong a hand, try to count how many single dealer cards could possibly beat you. If the total number of possible cards is 20 or less, you should make the bet; if it is 21 or more, it is time to fold.
If you are having trouble doing the math on this final decision, it is okay to estimate; anything around the cutoff point will be a fairly marginal situation.
However, you do not want to pass up a situation where you have a big edge, or bet one when it is almost certain that the dealer has you beaten, so try to at least make a rough assessment of where you stand if you did not connect with the board at all.
Overall, the house edge in this game is only about 2. Throw in the fact that this game comes with a very reasonable house edge, and you have something that should appeal to players of all stripes, be they poker fans looking for something to do while their friends play blackjack , or experienced gamblers who want to take on a new game of strategy.
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