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The house edge is defined as the ratio of the average loss to the initial bet. In some games the beginning wager is not necessarily the ending wager. For example in blackjack, let it ride, and Caribbean stud poker, the player may increase their bet when the odds favor doing so. In these cases the additional money wagered is not figured into the denominator for the purpose of determining the house edge, thus increasing the measure of risk. For games like Ultimate Texas Hold 'Em and Crazy 4 Poker, where there are two required initial wagers, the house edge is based on one of them only. House edge figures are based on optimal or near-optimal player strategy.
There are 2 sides to a game of baccarat: the banker’s side and the player’s side. The banker has the highest odds of winning—it does so a little over 50% of the. Roulette is a casino classic, a game of pure chance where your fate is in the hands of lady luck with every spin. If we're doing a comparison to Blackjack, then we need to look at just the red/black or odds/evens bets as the comparable point to Baccarat's dealer or player bet. By Baccarat Odds Tags: baccarat, cards, casinos, game, players Posted in Baccarat Articles. There are three common variants of the game but Punto Banco is the most popular variation found in North American casinos. A regular baccarat table is about the size of a craps table, is staffed by three casino dealers and can host about a dozen. Betfair Casino's Zero Lounge offers a Baccarat where the commission is only 2.75%, resulting in a house edge of 0 and a payout of 100% - the highest casino payout anywhere. With no house edge, Zero Lounge Baccarat has the best casino odds of any game, but getting this payout requires what betfair call an 'optimal player strategy'.
The table below shows the house edge of most popular casino games and bets.
Casino Game House Edge
|Bonus Six||No insurance||10.42%||5.79|
|Blackjacka||Liberal Vegas rules||0.28%||1.15|
|Caribbean Stud Poker||5.22%||2.24|
|Casino War||Go to war on ties||2.88%||1.05|
|Surrender on ties||3.70%||0.94|
|Bet on tie||18.65%||8.32|
|Catch a Wave||0.50%||d|
|Don't pass/don't come||1.36%||0.99|
|Odds — 4 or 10||0.00%||1.41|
|Odds — 5 or 9||0.00%||1.22|
|Odds — 6 or 8||0.00%||1.10|
|Field (2:1 on 12)||5.56%||1.08|
|Field (3:1 on 12)||2.78%||1.14|
|Place (to lose) 4,10||3.03%||0.69|
|2, 12, & all hard hops||13.89%||5.09|
|3, 11, & all easy hops||11.11%||3.66|
|Crazy 4 Poker||Ante||3.42%*||3.13*|
|Double Down Stud||2.67%||2.97|
|Heads Up Hold 'Em||Blind pay table #1 (500-50-10-8-5)||2.36%||4.56|
|Let it Ride||3.51%||5.17|
|Pai Gow Pokerc||1.46%||0.75|
|Pick ’em Poker||0% - 10%||3.87|
|Red Dog||Six decks||2.80%||1.60|
|Spanish 21||Dealer hits soft 17||0.76%||d|
|Dealer stands on soft 17||0.40%||d|
|Super Fun 21||0.94%||d|
|Three Card Poker||Pairplus||7.28%||2.85|
|Ante & play||3.37%||1.64|
|Ultimate Texas Hold 'Em||Ante||2.19%||4.94|
|Video Poker||Jacks or Better (Full Pay)||0.46%||4.42|
|Wild Hold ’em Fold ’em||6.86%||d|
|a||Liberal Vegas Strip rules: Dealer stands on soft 17, player may double on any two cards, player may double after splitting, resplit aces, late surrender.|
|b||Las Vegas single deck rules are dealer hits on soft 17, player may double on any two cards, player may not double after splitting, one card to split aces, no surrender.|
|c||Assuming player plays the house way, playing one on one against dealer, and half of bets made are as banker.|
|d||Yet to be determined.|
|e||Standard deviation depends on bet made.|
|f||Slot machine range is based on available returns from a major manufacturer|
|g||Slot machine standard deviation based on just one machine. While this can vary, the standard deviation on slot machines are very high.|
Baccarat Wizard Of Odds
Guide to House Edge
The reason that the house edge is relative to the original wager, not the average wager, is that it makes it easier for the player to estimate how much they will lose. For example if a player knows the house edge in blackjack is 0.6% he can assume that for every $10 wager original wager he makes he will lose 6 cents on the average. Most players are not going to know how much their average wager will be in games like blackjack relative to the original wager, thus any statistic based on the average wager would be difficult to apply to real life questions.
The conventional definition can be helpful for players determine how much it will cost them to play, given the information they already know. However the statistic is very biased as a measure of risk. In Caribbean stud poker, for example, the house edge is 5.22%, which is close to that of double zero roulette at 5.26%. However the ratio of average money lost to average money wagered in Caribbean stud is only 2.56%. The player only looking at the house edge may be indifferent between roulette and Caribbean stud poker, based only the house edge. If one wants to compare one game against another I believe it is better to look at the ratio of money lost to money wagered, which would show Caribbean stud poker to be a much better gamble than roulette.
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Many other sources do not count ties in the house edge calculation, especially for the Don’t Pass bet in craps and the banker and player bets in baccarat. The rationale is that if a bet isn’t resolved then it should be ignored. I personally opt to include ties although I respect the other definition.
Element of Risk
For purposes of comparing one game to another I would like to propose a different measurement of risk, which I call the 'element of risk.' This measurement is defined as the average loss divided by total money bet. For bets in which the initial bet is always the final bet there would be no difference between this statistic and the house edge. Bets in which there is a difference are listed below.
Element of Risk
|Blackjack||Atlantic City rules||0.43%||0.38%|
|Bonus 6||No insurance||10.42%||5.41%|
|Bonus 6||With insurance||23.83%||6.42%|
|Caribbean Stud Poker||5.22%||2.56%|
|Casino War||Go to war on ties||2.88%||2.68%|
|Crazy 4 Poker||Standard rules||3.42%*||1.09%|
|Heads Up Hold 'Em||Pay Table #1 (500-50-10-8-5)||2.36%||0.64%|
|Double Down Stud||2.67%||2.13%|
|Let it Ride||3.51%||2.85%|
|Spanish 21||Dealer hits soft 17||0.76%||0.65%|
|Spanish 21||Dealer stands on soft 17||0.40%||0.30%|
|Three Card Poker||Ante & play||3.37%||2.01%|
|Ultimate Texas Hold 'Em||2.19%*||0.53%|
|Wild Hold ’em Fold ’em||6.86%||3.23%|
The standard deviation is a measure of how volatile your bankroll will be playing a given game. This statistic is commonly used to calculate the probability that the end result of a session of a defined number of bets will be within certain bounds.
The standard deviation of the final result over n bets is the product of the standard deviation for one bet (see table) and the square root of the number of initial bets made in the session. This assumes that all bets made are of equal size. The probability that the session outcome will be within one standard deviation is 68.26%. The probability that the session outcome will be within two standard deviations is 95.46%. The probability that the session outcome will be within three standard deviations is 99.74%. The following table shows the probability that a session outcome will come within various numbers of standard deviations.
I realize that this explanation may not make much sense to someone who is not well versed in the basics of statistics. If this is the case I would recommend enriching yourself with a good introductory statistics book.
What Are The Odds For Baccarat
Although I do not mention hold percentages on my site the term is worth defining because it comes up a lot. The hold percentage is the ratio of chips the casino keeps to the total chips sold. This is generally measured over an entire shift. For example if blackjack table x takes in $1000 in the drop box and of the $1000 in chips sold the table keeps $300 of them (players walked away with the other $700) then the game's hold is 30%. If every player loses their entire purchase of chips then the hold will be 100%. It is possible for the hold to exceed 100% if players carry to the table chips purchased at another table. A mathematician alone can not determine the hold because it depends on how long the player will sit at the table and the same money circulates back and forth. There is a lot of confusion between the house edge and hold, especially among casino personnel.
Hands per Hour, House Edge for Comp Purposes
The following table shows the average hands per hour and the house edge for comp purposes various games. The house edge figures are higher than those above, because the above figures assume optimal strategy, and those below reflect player errors and average type of bet made. Candy casino game. This table was given to me anonymously by an executive with a major Strip casino and is used for rating players.
Hands per Hour and Average House Edge
|Let It Ride||52||2.4%|
|Pai Pow Poker||34||1.96%|
|Single 0 Roulette||35||2.59%|
|3 Way Action||70||2.2%|
* — House edge based on Ante bet only as opposed to all mandatory wagers (for example the Blind in Ultimate Texas Hold 'Em and the Super Bonus in Crazy 4 Poker.
A Spanish translation of this page is available at www.eldropbox.com.
Written by: Michael Shackleford
Baccarat – (A Game Worth Playing)
Whether you're a baccarat beginner trying to understand the basics or an experienced master of the game trying to test out your latest strategy
We invite you to play for fun on my baccarat trainer before risking real money in a casino or on your mobile. This is one of our proudest games where at the Wizard of Odds. We strived to make it as realistic as possible.
Here are some of the features we hope you enjoy:
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Your bankroll is generously started with $10,000. The minimum bet is only $5 and the sky is the limit in terms of a maximum.
We challenge you to get your bankroll to the point where you're betting $25,000 chips. Are you up for it!
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With the introductions out of the way, the only thing left to do is….get down to business play.
Here at the Wizard of Odds we don't believe in luck so we wish your results to fall on the right side of the bell curve.
- JB, our brilliant programmer, for the code behind the game.
- Tic Tabs, for providing the playing card images.
- The Venetian, for their patience in explaining how the scoreboards work.
Odds Of Winning Baccarat
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