Somehwat OT: Can someone check my math on the PP Sidebet

[Student Caine]

Obviosuly Party's new "Sidebet" is a sucker bet, I was just trying to figure out how much of a sucker bet it was and here is what I came up with:

We need 3 red cards on the flop and our chances for each card being red are as follows:

Card 1: 26/52 = 50% of the time Card 1 will be red
Card 2: 25/51 = ~49% of the time Card 2 will be red when Card 1 is red
Card 3: 24/50 = 48% of the time Card 3 will be red when Card 1 and Card 2 are red

Since we need all 3 of the above conditions to be met we need to multiply them out:

50% * ~49% * 48% = 11.76%

Converting to odds, we are looking at ~7.5:1 odds that all 3 cards will be red.

Now, what I found to be a nice tricky move by PP was that the bet is 8 for 1, which means that they keep the one and give you 8 when you win, therefore you are only getting 7:1 odds on your money (I caught this because this is what happens when you play the center of the craps table [img]/images/graemlins/wink.gif[/img]).

Am I off anywhere? [img]/images/graemlins/smile.gif[/img]

Does anyone disagree? [img]/images/graemlins/shocked.gif[/img]

Does anyone even care?! [img]/images/graemlins/frown.gif[/img]