Party Sidebet bar
 

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.

Re: Party Sidebet bar
 

[img]/images/graemlins/ooo.gif[/img] that is crazy [img]/images/graemlins/ooo.gif[/img] [img]/images/graemlins/crazy.gif[/img]

Re: Party Sidebet bar
 

[ 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?

Re: Party Sidebet bar
 

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

Re: Party Sidebet bar
 

[ 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_...side_bets.html

are you f-in kidding me?

Re: Party Sidebet bar
 

[ 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_...side_bets.html

are you f-in kidding me?

[/ QUOTE ]

This is unreal.

Re: Party Sidebet bar
 

Why is it not appearing for me?

Re: Party Sidebet bar
 

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

Man this is really bothering me!

Re: Party Sidebet bar
 

[ 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_...side_bets.html

are you f-in kidding me?

[/ QUOTE ]

This is unreal.

[/ QUOTE ]

I feel like I'm taking crazy pills.

Re: Party Sidebet bar
 

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

Re: Party Sidebet bar
 

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

If I understood this 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.

Re: Party Sidebet bar
 

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 [img]/images/graemlins/smile.gif[/img]

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

Re: Party Sidebet bar
 

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I want to play poker, not gamble!!!!!!!!!!

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

Re: Party Sidebet bar
 

LOL....good post

There is a difference if you play smart poker

Re: Party Sidebet bar
 

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

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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.

Re: Party Sidebet bar
 

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

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

Re: Party Sidebet bar
 

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.....

Re: Party Sidebet bar
 

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

Re: Party Sidebet bar
 

you make the bet before the hand is dealt.

Re: Party Sidebet bar
 

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

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It's -$.117 per $2 bet

Re: Party Sidebet bar
 

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

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.

Re: Party Sidebet bar
 

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

Re: Party Sidebet bar
 

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

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obviously before, party is smarter than you

Re: Party Sidebet bar
 

You bet before the hands are dealt.

Re: Party Sidebet bar
 

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It pays 8:1 if you hit

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

Re: Party Sidebet bar
 

[ 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.

Re: Party Sidebet bar
 

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[ QUOTE ]
It pays 8:1 if you hit

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

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

THE BETS ARE MADE BEFORE YOUR HAND IS DEALT
 

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)

Re: THE BETS ARE MADE BEFORE YOUR HAND IS DEALT
 

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).

Re: Party Sidebet bar
 

[ 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 [img]/images/graemlins/smile.gif[/img]

I like ur style.

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

[/ QUOTE ]

Re: Party Sidebet bar
 

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

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

Re: Party Sidebet bar
 

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.

Re: Party Sidebet bar
 

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

[img]/images/graemlins/wink.gif[/img]

Re: Party Sidebet bar
 

[ 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.

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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.

Re: THE BETS ARE MADE BEFORE YOUR HAND IS DEALT
 

[ 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

Re: Party Sidebet bar
 

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?

Re: Party Sidebet bar
 

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

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

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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 [img]/images/graemlins/wink.gif[/img])

Re: THE BETS ARE MADE BEFORE YOUR HAND IS DEALT
 

[ 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.

Re: Party Sidebet bar
 

[ 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.

Re: THE BETS ARE MADE BEFORE YOUR HAND IS DEALT
 

[ 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.