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Casino Strategy: Short-Run Decisions

Jan 3, 2019 | Gaming News, Other Tips, Poker Tips

When you read gambling books and articles, you sometimes see a distinction made between the “short run” (tonight, this weekend, this week, this month) of a few hundred or a few thousand decisions, and the “long run” (a few years or more) of millions of decisions. In the short run, anything can (and does) happen. Players can go on incredible streaks of improbable wins or equally improbable losses.

The long run is a very long time. Usually, it can be stated as the amount of time, or number of decisions, necessary for the probabilities to be within a given range of results. A coin flip will be, in the long run, faster than a roulette wheel because a coin flip has only two possible decisions and a roulette wheel has 37 or 38, depending on the type of wheel. As I stated, in the long run, the math of a game will win out over any aberrations that take place tonight. (more…)

Finding the Edge: Three Card Poker VS. Mississippi Stud Poker

Jan 2, 2019 | Gaming News, Poker Tips

Three Card Poker and Mississippi Stud Poker are two of the hottest table games around. Their popularity doesn’t challenge long time player favorites blackjack and craps, but in some states they draw more players than baccarat or even roulette.

HOW GOOD IS YOUR SHOT TO WIN AT THOSE GAMES? WHAT IS THE HOUSE EDGE?

Those are questions that need to be answered in multiple steps, because both are games with more than one round of betting.The house edge can be expressed as a percentage of the ante that starts either game, or it can be expressed as a percentage of the average total wager, once subsequent bets are considered.Some people refer to these as “house edge vs. the ante” and “house edge vs. total action.”
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