Party Sidebet bar [Archive] - Two Plus Two Older Archives

wall_st

10-08-2005, 07:43 PM

You now bet during sit n goes on the flop color being all of the same color. It pays 8:1 if you hit. Im lazy what are the odds of actually hitting this ?

Party poker is like the newest hustler on the block these days.

Vlight

10-08-2005, 07:44 PM

/images/graemlins/ooo.gif that is crazy /images/graemlins/ooo.gif /images/graemlins/crazy.gif

KramerTM

10-08-2005, 07:46 PM

[ QUOTE ]
You now bet during sit n goes on the flop color being all of the same color. It pays 8:1 if you hit. Im lazy what are the odds of actually hitting this ?

Party poker is like the newest hustler on the block these days.

[/ QUOTE ]

The first card will always be a color. Then it's 12-C-2 divided by 51-C-2. Or am I overlooking?

Annulus

10-08-2005, 07:46 PM

I hate changing a good thing /images/graemlins/frown.gif

KingMedicine

10-08-2005, 07:48 PM

KramerTM

10-08-2005, 07:51 PM

[ QUOTE ]
[ QUOTE ]
You now bet during sit n goes on the flop color being all of the same color. It pays 8:1 if you hit. Im lazy what are the odds of actually hitting this ?

Party poker is like the newest hustler on the block these days.

[/ QUOTE ]

http://www.partypoker.com/games/how_to_play/side_bets.html

are you f-in kidding me?

[/ QUOTE ]

This is unreal.

Smarty

10-08-2005, 07:55 PM

Why is it not appearing for me?

10-08-2005, 08:00 PM

You can also play blackjack??? I want to play poker, not gamble!!!!!!!!!!

Man this is really bothering me!

GoblinMason (Craig)

10-08-2005, 08:02 PM

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
You now bet during sit n goes on the flop color being all of the same color. It pays 8:1 if you hit. Im lazy what are the odds of actually hitting this ?

Party poker is like the newest hustler on the block these days.

[/ QUOTE ]

http://www.partypoker.com/games/how_to_play/side_bets.html

are you f-in kidding me?

[/ QUOTE ]

This is unreal.

[/ QUOTE ]

I feel like I'm taking crazy pills.

KramerTM

10-08-2005, 08:03 PM

Great... a new way to go on tilt. What's that 2+2 book that helps you control tilt again??

mosch

10-08-2005, 08:07 PM

An all-(your color) flop is 8.5:1 against, and they're paying 8 for 1 (aka 7:1)

If I understood this (http://www.partypoker.com/games/how_to_play/side_bets.html) correctly, the house edge is a whopping 17.65%. Combined with a max bet of $10, I can't imagine that anyone will ever win enough to play it more than once.

Uglyowl

10-08-2005, 08:08 PM

I calculate the odds of hitting at 8.5/1 giving the house a 5.9% edge.

Those greedy bastards! A group could collude to gain an edge though /images/graemlins/smile.gif

1/((26/52) * (25/51) * (24/50))= 1 in 8.5 chance.

bobbyi

10-08-2005, 08:08 PM

[ QUOTE ]
I want to play poker, not gamble!!!!!!!!!!

[/ QUOTE ]
This reminds me of Dave Chappelle saying he doesn't do drugs, just weed.

10-08-2005, 08:11 PM

LOL....good post

There is a difference if you play smart poker

jasonHoldEm

10-08-2005, 08:11 PM

[ QUOTE ]

1/((26/52) * (25/51) * (24/50))= 1 in 8.5 chance.

[/ QUOTE ]

While I know this probably isn't going to make it +EV or anything I wonder how much the odds change when you're holding (for example) two red cards and betting on black? It will take someone smarter than me to figure it out.

J

EDIT: I guess you have to place your wager before the hand is dealt, so nevermind...although I'm still curious what the odds would be.

cardcounter0

10-08-2005, 08:12 PM

Why would they put such a low limit on such a high edge bet?
/images/graemlins/confused.gif

Oh, wait a minute, we are talking about Party.

Ghazban

10-08-2005, 08:12 PM

I hope this means I'll be able to talk fish at the casino into taking the worst of it on other prop bets now that they'll have some experience with them.....

XxGodJrxX

10-08-2005, 08:13 PM

I calculated it by hand and at $2 it is -$.08 per bet.

KingMedicine

10-08-2005, 08:13 PM

you make the bet before the hand is dealt.

Uglyowl

10-08-2005, 08:15 PM

[ QUOTE ]
I calculated it by hand and at $2 it is -$.08 per bet.

[/ QUOTE ]

It's -$.117 per $2 bet

Jimbo

10-08-2005, 08:18 PM

[ QUOTE ]
Why would they put such a low limit on such a high edge bet?
/images/graemlins/confused.gif

Oh, wait a minute, we are talking about Party.

[/ QUOTE ]

Because in case you and a few of your friends shared card color information you could gain a very large edge (think Omaha for instance). My prediction is this feature will be discontinued fairly soon.

kurosh

10-08-2005, 08:20 PM

Do you decide before you see your cards or after? Because if it's after, count me in for a collusion team.

Voltron87

10-08-2005, 08:21 PM

[ QUOTE ]
Do you decide before you see your cards or after? Because if it's after, count me in for a collusion team.

[/ QUOTE ]

obviously before, party is smarter than you

cardcounter0

10-08-2005, 08:22 PM

You bet before the hands are dealt.

bluefeet

10-08-2005, 08:24 PM

[ QUOTE ]
It pays 8:1 if you hit

[/ QUOTE ]

check the FAQ on the PP page...."8:1" is the example, could/will vary...

10-08-2005, 08:25 PM

[ QUOTE ]
You now bet during sit n goes on the flop color being all of the same color. It pays 8:1 if you hit. Im lazy what are the odds of actually hitting this ?

Party poker is like the newest hustler on the block these days.

[/ QUOTE ]

It's 1 in 8.5 if you don't know any of the cards, so the house edge is 6.5%.

If you are in the game, and have 2 cards of the same color, the odds the flop will be all the other color is about 1 in 7.5, so you have the advantage.

benfranklin

10-08-2005, 08:29 PM

[ QUOTE ]
[ QUOTE ]
It pays 8:1 if you hit

[/ QUOTE ]

check the FAQ on the PP page...."8:1" is the example, could/will vary...

[/ QUOTE ]

It doesn't say 8-1, it says 8 for 1, which is 7-1.

yellowjack

10-08-2005, 08:29 PM

I hope this clears things up. Here is party's EV for $1 wagered on red (black is the same):

P(all red) = (26/52)*(25/51)*(24/50) = 2/17 = 1/8.5
Payoff: -$7
P(not all red) = 1 - P(all red) = 7.5/8.5
Payoff: +$1

EV: (1/8.5)*(-$7) + (7.5/8.5)*(+$1) = +$0.05(8823)

NLfool

10-08-2005, 09:19 PM

seriously WTF party must think everyone there is dumbass. I hate the blackjack (oh BTW I lost like $500 the first time paradise added BJ but I am only part dumbass).

pokerjoker

10-08-2005, 09:29 PM

[ QUOTE ]
I calculate the odds of hitting at 8.5/1 giving the house a 5.9% edge.

Those greedy bastards! A group could collude to gain an edge though /images/graemlins/smile.gif

I like ur style.

1/((26/52) * (25/51) * (24/50))= 1 in 8.5 chance.

[/ QUOTE ]

Aytumious

10-08-2005, 09:33 PM

[ QUOTE ]
Great... a new way to go on tilt. What's that 2+2 book that helps you control tilt again??

[/ QUOTE ]

Adding blackjack at the click of a button at a poker table is a brilliant money making move by Party, IMO.

Homer

10-08-2005, 09:33 PM

I just had an idea for something they could add to the sidebet bar, maybe only at certain tables, that would increase their rake and increase action at the tables. They should compile information for probability of each hand winning based on number of players to the flop and then offer a bet on you winning the hand. For example, let's say they find that J8o has a 21% chance of winning against 5 players. Just before the flop, they could offer you the option of betting on yourself at something like 3.5:1. You'd have like 3 seconds before the flop to decide or you could "auto-bet". You'd be sure to see increased action. The only problem would be collusion. Hmmm, that could be a major problem, but I still think it's a million dollar idea.

Wayne

10-08-2005, 09:45 PM

If you use a 4-color deck, your odds of winning are even worse.

/images/graemlins/wink.gif

Homer

10-08-2005, 09:48 PM

[ QUOTE ]
I just had an idea for something they could add to the sidebet bar, maybe only at certain tables, that would increase their rake and increase action at the tables. They should compile information for probability of each hand winning based on number of players to the flop and then offer a bet on you winning the hand. For example, let's say they find that J8o has a 21% chance of winning against 5 players. Just before the flop, they could offer you the option of betting on yourself at something like 3.5:1. You'd have like 3 seconds before the flop to decide or you could "auto-bet". You'd be sure to see increased action. The only problem would be collusion. Hmmm, that could be a major problem, but I still think it's a million dollar idea.

[/ QUOTE ]

After thinking about this a little more, I think they'd have to make it so all players would have to take the bet on every hand. That way, there wouldn't be collusion and they'd get the same number of hands in per hour. It would eliminate the profitability potential for winning players (since they'd opt out of the bet), but I think it would still be good for Party.

radek2166

10-08-2005, 09:50 PM

[ QUOTE ]
I hope this clears things up. Here is party's EV for $1 wagered on red (black is the same):

P(all red) = (26/52)*(25/51)*(24/50) = 2/17 = 1/8.5
Payoff: -$7
P(not all red) = 1 - P(all red) = 7.5/8.5
Payoff: +$1

EV: (1/8.5)*(-$7) + (7.5/8.5)*(+$1) = +$0.05(8823)

[/ QUOTE ]

English Mother fucker

istewart

10-08-2005, 09:50 PM

This is semi-interesting but I'm not 100% sure I understand -- i.e., what is the difference between this and the concept behind BBJ tables?

bluefeet

10-08-2005, 09:51 PM

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
It pays 8:1 if you hit

[/ QUOTE ]

check the FAQ on the PP page...."8:1" is the example, could/will vary...

[/ QUOTE ]

It doesn't say 8-1, it says 8 for 1, which is 7-1.

[/ QUOTE ]

true. the point i was trying to make is that the rate is not constant. it MIGHT be 8 for 1, it might be more/less. the verbage in their FAQ regarding this question makes this pretty clear. just thought i'd throw it out there fwiw (not much /images/graemlins/wink.gif)

MaxPower

10-08-2005, 09:56 PM

Homer

10-08-2005, 09:56 PM

[ QUOTE ]
This is semi-interesting but I'm not 100% sure I understand -- i.e., what is the difference between this and the concept behind BBJ tables?

[/ QUOTE ]

This is a sidebet you'd take every hand, say for $1 (although I'd make it so you could set the bet size). Say, for instance, Party compiles all of the hands from its history and determines that there is a 35% chance you'll win with KQo in late position vs 3 opponents. If that's the case, the breakeven odds would be 65:35, or 1.86:1. They'd decide on a certain house edge (if they were wise, they wouldn't make it too high -- a slow bleed is best), then offer the bet to the player. If they decided on 1.75:1, they would offer "$2.75 for $1". If the player bet $10, they'd "win" $27.50, for example.

Anyway, my mind is just wandering. Maybe this wouldn't work, but I'm sure there are other ideas that would.

Homer

10-08-2005, 09:58 PM

[ QUOTE ]
[ QUOTE ]
I hope this clears things up. Here is party's EV for $1 wagered on red (black is the same):

P(all red) = (26/52)*(25/51)*(24/50) = 2/17 = 1/8.5
Payoff: -$7
P(not all red) = 1 - P(all red) = 7.5/8.5
Payoff: +$1

EV: (1/8.5)*(-$7) + (7.5/8.5)*(+$1) = +$0.05(8823)

[/ QUOTE ]

That is right. If you made a $2.50 bet on every hand you would lose $15/100 hands.

[/ QUOTE ]

I think they'd be wise to lower the house edge. They'd make more in the long-run.

Uglyowl

10-08-2005, 10:04 PM

How bout' the option to buy AA insurance? That would be a money maker.

CORed

10-08-2005, 10:04 PM

[ QUOTE ]
You now bet during sit n goes on the flop color being all of the same color. It pays 8:1 if you hit. Im lazy what are the odds of actually hitting this ?

Party poker is like the newest hustler on the block these days.

[/ QUOTE ]

No. It pays 8 for 1, which is actually 7 to 1. And you can't bet after you see your hole card (well you can but the bet isn't settled until the following hand. It's a sucker bet. Another fish bankroll drainer.

Homer

10-08-2005, 10:07 PM

[ QUOTE ]
How bout' the option to buy AA insurance? That would be a money maker.

[/ QUOTE ]

Good call, basically the opposite of what I was talking about. I could see people check-folding AA on the flop in a 5 BB pot to win a 1 BB side bet.

donger

10-08-2005, 11:08 PM

[ QUOTE ]
[ QUOTE ]
You now bet during sit n goes on the flop color being all of the same color. It pays 8:1 if you hit. Im lazy what are the odds of actually hitting this ?

Party poker is like the newest hustler on the block these days.

[/ QUOTE ]

No. It pays 8 for 1, which is actually 7 to 1. And you can't bet after you see your hole card (well you can but the bet isn't settled until the following hand. It's a sucker bet. Another fish bankroll drainer.

[/ QUOTE ]

yeah, this is right.. I just tested this out with a $1 bet and when i hit, i got $8 back (7:1).

You guys who are using probabilities have this wrong. The odds are actually 7.5:1.. I was crapping my pants at first, thinking this was an oversight on party's part, until I realized it's 8 FOR 1. BUMMMMER.

odds:

(52 c 3) - (26 c 3) : (26 c 3)

52 x 51 x 50/3 x 2 x 1 = 22100 total flops

26 x 25 x 24/3 x 2 x 1 = 2600 one color (red or black) flops

odds: (22100-2600):2600 or 7.5:1

yellowjack

10-08-2005, 11:12 PM

[ QUOTE ]
You guys who are using probabilities have this wrong. The odds are actually 7.5:1.. I was crapping my pants at first, thinking this was an oversight on party's part, until I realized it's 8 FOR 1. BUMMMMER.

[/ QUOTE ]
[ QUOTE ]
I hope this clears things up. Here is party's EV for $1 wagered on red (black is the same):

P(all red) = (26/52)*(25/51)*(24/50) = 2/17 = 1/8.5
Payoff: -$7
P(not all red) = 1 - P(all red) = 7.5/8.5
Payoff: +$1

EV: (1/8.5)*(-$7) + (7.5/8.5)*(+$1) = +$0.05(8823)

[/ QUOTE ]

UATrewqaz

10-08-2005, 11:14 PM

"Ever wondered what it would be like make a separate bet on the flop?"

Um... no.

Lurshy

10-08-2005, 11:18 PM

Dear Party Poker,

Please make the new sidebet bar & the black jack link go away. I find them annoying and distracting. They also make multi-table with overlap more of a pain...

UATrewqaz

10-08-2005, 11:22 PM

Party Poker's crack software development team (I have a degree in CS and work as a software developer so I can make fun of them) has made it such that by removing (or simply renaming) the image files associated with the links they no longer appear.

When you load up the table there is probably a seperate sub-function that loads the blackjack and sidebet stuff, but when it cannot find the necessary files to do so those subfunctions fail, but do not cause the main function to error out.

They could have just as easily made it so that you got some generic "cannot find necessary file(s), please reinstall the software error"

Other sites (Poker Stars) operate like this, which is why you can't skin Poker Stars.

Jimbo

10-08-2005, 11:22 PM

Dear Party Poker,

Please add more buttons, sidebars, flashing lights and popups. Anything you can do to distract and put this many players on tilt will help my bottom line.

MicroBob

10-08-2005, 11:23 PM

[ QUOTE ]
35% chance you'll win with KQo in late position vs 3 opponents.

[/ QUOTE ]

The chances of you winning with this hand if all your opponents stay in until the river is different than the chances of winning this hand if you are able to drive out an opponent or two (perhaps holding an ace or something) with a raise or C/R.

It seems that your little idea depends on everyone staying in the hand...and obviously a good player should have an advantage here in driving out their opponents.