transition to .25 to 1$

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stevel96a1
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Re: transition to .25 to 1$

Post by stevel96a1 »

Jstark wrote:
Thu Feb 06, 2020 12:50 pm
hophoofer wrote:
Thu Feb 06, 2020 10:25 am
At least you are playing 99% game now.
That 99% is only if he's playing optimal strategy. Doubtful he is.
your doubt might be right but i do practice VP cause i take my gambling seriously, i do make mistakes after the fact it happens nothing major just tiny minor hands/holds

can all of you say play perfect play each hand every single time for 4-8hr trip?

tech58
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Post by tech58 »

Jstark wrote:
Thu Feb 06, 2020 12:52 pm
Eduardo wrote:
Thu Feb 06, 2020 12:38 pm
The easiest way to see a $1,000 payout would be to bet $1,000 on roulette or blackjack.
Baccarat would be much better.
What Baccarat play is better than 21 with strategy and minimal counting skills at -.2%-even?

Only a friendly question,with no agenda, since i know diddly-squat about Baccarat.
All i know about it is that it was fun to watch the oriental "Whales" at Caesar's back in the 70's when they had them on the main floor. What a show. Ranting ,raving ,tearing up cards, throwing chairs, (though always controlled to assure not hitting anyone) all part of the show. Anyone else remember that table in the back left?

Jstark
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Post by Jstark »

tech58 wrote:
Thu Feb 06, 2020 1:28 pm
Jstark wrote:
Thu Feb 06, 2020 12:52 pm
Eduardo wrote:
Thu Feb 06, 2020 12:38 pm
The easiest way to see a $1,000 payout would be to bet $1,000 on roulette or blackjack.
Baccarat would be much better.
What Baccarat play is better than 21 with strategy and minimal counting skills at -.2%-even?

Only a friendly question,with no agenda, since i know diddly-squat about Baccarat.
All i know about it is that it was fun to watch the oriental "Whales" at Caesar's back in the 70's when they had them on the main floor. What a show. Ranting ,raving ,tearing up cards, throwing chairs, (though always controlled to assure not hitting anyone) all part of the show. Anyone else remember that table in the back left?
If you go just by the probability of winning a single outcome, baccarat is better that bj or roulette. If you go by "house edge", then bj is probably a better choice.

Edit: since ties are possible in baccarat, outside bets on roulette actually "win" at a higher percentage. Personally though, if i were forced to make a $1000 bet one a single wager in order to double it, I'd still choose baccarat.
Last edited by Jstark on Thu Feb 06, 2020 3:36 pm, edited 1 time in total.

Jstark
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Post by Jstark »

stevel96a1 wrote:
Thu Feb 06, 2020 1:26 pm
Jstark wrote:
Thu Feb 06, 2020 12:50 pm
hophoofer wrote:
Thu Feb 06, 2020 10:25 am
At least you are playing 99% game now.
That 99% is only if he's playing optimal strategy. Doubtful he is.
your doubt might be right but i do practice VP cause i take my gambling seriously, i do make mistakes after the fact it happens nothing major just tiny minor hands/holds

can all of you say play perfect play each hand every single time for 4-8hr trip?
I don't think even I know optimal strategy for that specific pay table. I'm sure there are enough basic strategy exceptions that the average player plays it at 97% or less.

tech58
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Joined: Tue Mar 11, 2014 1:21 pm

Post by tech58 »

JS why is a single bet on bac. better than an almost even bet on 21?
What is the house advantage on that single bet?
Again, only a question to educate me, not to disagree with you. :?:

Player422738
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Posts: 516
Joined: Thu Jul 26, 2018 7:05 pm

Post by Player422738 »

There are couple of points mentioned by JS are incorrect.

1. Baccarat house edge is about 1% while roulette is about 5%.
2. Both games are random. No strategy is needed.
3. Baccarat’s side bets are all sucker bets.
4. The chance of winning roulette red/black bet is 47.4% on 00 version; Baccarat odds for a Player hand to win are 44.62%. The chances that the Player hand will lose is 45.85%. So betting baccarat does NOT give you more chance to win.
Last edited by Player422738 on Thu Feb 06, 2020 5:08 pm, edited 1 time in total.

Jstark
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Joined: Thu Jul 04, 2013 10:16 pm

Post by Jstark »

Probability of winning a bj bet, excluding ties, is around 42%. Baccarat is 45%. Plus you have the issues of doubling and/or splitting. Both figures are rounded for ease of use.

Gronbog
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Post by Gronbog »

The question is whether you stand a better chance of winning a $1000 bet before losing it at blackjack vs baccarat vs roulette. As pointed out by some, the house edge is lowest for blackjack, but that is not relevant to this question. What you need is the probability of a resolved winng hand/spin before a resolved losing hand/spin.

For betting outside on double zero roulette, you win 18/38 of the time and lose otherwise, so your chance is about 47.4%. For single zero roulette it is 18/37 or about 48.6%.

For baccarat, banker wins, about 45.8% of the time, player wins about 44.6% of the time and there is a tie the remaining times. Since banker and player push on a tie, we will assume that you would let the $1000 ride until it is resolved. If you bet banker then you will end up winning 45.8/(45.8+44.6)=50.7% of the time. However, because of the 5% commission, you need to bet $1052.63 in order to walk away with $1000. If you bet player, then you will win 44.6/(45.8+44.6)=49.3% of the time.

For a typical blackjack game, you win about 44% of the time, lose about 48% and push about 8%. So you will win the $1000 about 44/(44+48)=47.8% of the time. Right in the middle of the roulette expectations but worse than both baccarat choices. However, in order to achieve these percentages, you need to double and split correctly. You could end up winning or losing as much as $8000 for a typical game which allows you to split to 4 hands and double after splitting.

The clear winner among the three is betting banker on baccarat from the point of both success rate and risk management.

Tedlark
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Post by Tedlark »

Gronbog wrote:
Thu Feb 06, 2020 7:31 pm
The question is whether you stand a better chance of winning a $1000 bet before losing it at blackjack vs baccarat vs roulette.
I thought the question was: "does everyone just dive right into 1$ dollar play? or grind it up slowly?"

steve96a1 made 2 follow up posts on topic while it was transitioning away from topic. This is a perfect example of how forum topics break away from the original topic.

Gronbog
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Post by Gronbog »

Fair enough regarding the original post. However, the question was raised and some speculation ensued. Hopefully my answer will serve to end that tangent.

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