Quote:
Originally Posted by DrQian
Could you describe the payouts? How is there any house edge if you can choose when to continue?
Intuitively, the house has the edge because:
- Players must ante just to receive hole cards, but you rarely get paid on the ante (see below)
- You cannot bet after the river is dealt
- The dealer never folds
- The optimal strategy is NOT straightforward and NOT easy to learn - unlike blackjack, for example
How is the game played and what are the payouts?
Let's say the table min is $5. You must pay an ante of $5 to be dealt cards. After seeing your cards, you may fold, losing your $5 ante. Or, if you'd like to see the flop, you need to make a flop bet of exactly $10. The flop is dealt. The player may check or bet exactly $5. The turn is dealt. The player may check or bet exactly $5. The river is dealt. No bets may be made after the river. The dealer compares his/her hand to the player's. The best five card hand wins.
If the dealer wins, the player loses all the money on the table. If the dealer's hand is equal to the player's, it's a push on all the money. If the player's hand is better, then the player wins 1:1 on the bet made before the flop, the bet made before the turn, and the bet made before the river. In Atlantic City, the player wins 1:1 on the ante bet only for a flush or better. In Vegas, the player wins 1:1 on the ante bet only for a straight or better. With a weaker hand, the ante bet is a push.
-FountainOfReason
www.hitorsplit.com