Texas Holdem Questions And Answers
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I guess my questions are
1) Approximately how long do you have to play quarters to generate $1250 in action. Just looking for a ball park number as I realize the dealer and the number of players at the table greatly effect the pace of play.
2) On bigger mistakes like when you bet 4x and lose and the dealer misreads and pays you and you win $125 instead of losing $150 doesn't this $275 swing destroy the house 2% edge.
Seems to me the game is beatable because of the high volume of dealer mistakes that take place. Anyone else have any thoughts on this.
Grandpa Vegas
I bet quarters and play the perfect strategy as the strategy tables show. I never play trips and bet 4x 2x and 1x where appropriate. What should this equate to in money bet per hour? I am making the assumption that for every $1250 I put in action I can only expect a return of $1225 after the fullness of time and the 2% hold levels out. Many times the dealer forgets they didn't qualify and you get paid on your ante bet. Well if you get paid on the ante when it should have been a push, doesn't that one little mistake make up the 2% for $1250 worth of action.
I guess my questions are
1) Approximately how long do you have to play quarters to generate $1250 in action. Just looking for a ball park number as I realize the dealer and the number of players at the table greatly effect the pace of play.
2) On bigger mistakes like when you bet 4x and lose and the dealer misreads and pays you and you win $125 instead of losing $150 doesn't this $275 swing destroy the house 2% edge.
Seems to me the game is beatable because of the high volume of dealer mistakes that take place. Anyone else have any thoughts on this.
Grandpa Vegas
I have no idea what you mean by 'hold'. The house edge is a lot lower than 2%, and it's based on the percentage of ante bets, not total action, so it is easier to calculate.
Dealer mistakes are common, you are right. If they pay the ante instead of pushing it 1-2x per hour you are breaking even or beating the game, before comps. If you have a dealer who can't read the board (which was common when the game first became popular -- a lot of non-poker-player dealers were clueless) it can be a goldmine.
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2) On bigger mistakes like when you bet 4x and lose and the dealer misreads and pays you and you win $125 instead of losing $150 doesn't this $275 swing destroy the house 2% edge.
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You can answer that question with the Wizard's numbers from the website. Dump them into a spreadsheet and for every line item you care about, change the average value to account for dealer mistakes. The new value will reflect the house edge under the assumed conditions (including your optimal play and dealer mistakes). If it's positive, well..
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I bet quarters and play the perfect strategy as the strategy tables show. I never play trips and bet 4x 2x and 1x where appropriate. What should this equate to in money bet per hour? I am making the assumption that for every $1250 I put in action I can only expect a return of $1225 after the fullness of time and the 2% hold levels out. Many times the dealer forgets they didn't qualify and you get paid on your ante bet. Well if you get paid on the ante when it should have been a push, doesn't that one little mistake make up the 2% for $1250 worth of action.
I guess my questions are
1) Approximately how long do you have to play quarters to generate $1250 in action. Just looking for a ball park number as I realize the dealer and the number of players at the table greatly effect the pace of play.
2) On bigger mistakes like when you bet 4x and lose and the dealer misreads and pays you and you win $125 instead of losing $150 doesn't this $275 swing destroy the house 2% edge.
Seems to me the game is beatable because of the high volume of dealer mistakes that take place. Anyone else have any thoughts on this.
Grandpa Vegas
FWIW, Harrah's LV is extremely concerned about exactly this and watching their hold carefully. With the addition of the in-house cross-platform 6 card bet, the dealer errors have become endemic, the game has slowed badly, and the only thing saving the game is that most people are scared to bet it properly and cut themselves out of taking full advantage. It's possible they'll work through it, but 3 weeks ago they were having a cow. (Don't think I'm giving anything away; they were openly discusssing the situation in front of the table several times over the week I was playing.)
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I have no idea what you mean by 'hold'. The house edge is a lot lower than 2%, and it's based on the percentage of ante bets, not total action, so it is easier to calculate.
The hold is the amount a player leaves behind on average for a game. For a game like blackjack or texas hold 'em where people can not know the strategy the hold can be a lot larger than the edge.
The hold is the amount a player leaves behind on average for a game. For a game like blackjack or texas hold 'em where people can not know the strategy the hold can be a lot larger than the edge.
I know what hold means :) But I don't think that's what he meant by the term in this context.
The House advantage is 2.2% upon the average wager. The Wizard has calculated that optimal strategy will wager about 4.15 units per hand. This equates to about 0.53% per unit wagered (Element of Risk).
Oh, I guess I was wrong. For some reason I thought that the HE was 1.4%. Not sure where I got that number from.
EoR is not a useful measure here. Just multiply HE by your average ante size, and multiply that by number of hands per hour.
