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Old 12-13-2005, 11:00 AM
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Default Am I Missing Something Here?

Last night a buddy of mine showed me a side bet you can make on Party Poker. Before you see any cards you can make a side bet on whether the flop will be all red or all black (you choose one). The payout is 8:1 but I calculated that the odds against this bet to be 7.5:1. Is there something wrong with my math? I can't imagine Party would give you the odds to make this bet. Or is Party only giving you 7:1 on your money and is including your bet as part of the payout?
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Old 12-13-2005, 11:10 AM
LetYouDown LetYouDown is offline
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Default Re: Am I Missing Something Here?

Search function is your friend. It has everything to do with the wording. Keyword: "for".
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Old 12-13-2005, 12:41 PM
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Default Re: Am I Missing Something Here?

I didn't see anything that looked like an answer when I used the search.
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Old 12-13-2005, 01:32 PM
elitegimp elitegimp is offline
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Default Re: Am I Missing Something Here?

the pay out is 8 FOR 1, not 8 TO 1, so you are getting 7 TO 1 making it a bet that favors the house.

If you search for "Party Side Bet" or something, you should see a ton of threads about it.
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