Party Sidebet bar

[Jimbo]

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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.

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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]

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

[Voltron87]

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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

[cardcounter0]

You bet before the hands are dealt.

[bluefeet]

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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...

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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.

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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]

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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...

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

[yellowjack]

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]

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]

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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.

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