Quote:
Originally Posted by RollWave
luck, ldo
Most definitely. And although I've put in a lot of hours, it's in no way close to being the long run. However...
With my girlfriend and I playing together, we are able to see the cards of not only each other, but 2 or 3 other players at the table (depending on their level of friendliness and casualness) and although I am playing with the optimal strategy created by Stephen How on discountgambling.net, there have been MANY MANY times that I have altered my decision based on other players' holdings.
Times when I have T2 preflop, but I see that two of my tens are gone and so is a deuce. So I fold.
Times when I have A7, and the flop comes K92 and two people have a king and someone has a 9. So I make the bet instead of checking.
This has worked out in my favor the
vast majority of the time, with of course the occasional time that it backfires. But for the most part, I'm up way more $$ from my changes in strategy than not.
The problem is that right now it's all guesswork. In the A7 hand, did the absence of two kings and a 9 make a bet now more profitable than checking? I'm not sure. Intuitively, yes. But I couldn't pokerstove it at the table. Well, what if it was only one king and a nine gone? What if just one king? Where's the line?
I remember I had one hand where I had 96 diamonds. Two other players at the table had 6's and someone had a 9. Is my 96 now a fold? I really wasn't sure. I ended up playing it and hit the case 6 and it won. But who knows what the best play was?
I think that there is a lot of room for study in this game, and the consistency and rate at which I have won tells me that although it COULD all be short term luck, if there's a chance that it's not, it could be something worth pursuing. The problem is that I have only an intermediate understanding of probably and statistics, and I'm not computer savvy at all, so I'd have no clue how to create a program to run simulations.
Another big reason for the profit: The dealers are horrendous. I got paid a few times on my recent trip due to dealer mistakes. One time I had A9 and got paid on a JT422 board when the dealer turned over A7. I don't remember the other mistakes. But there were many others made that affected other players. Certainly countless times that the dealer tried to TAKE the other players' bets bc they weren't able to read their hand.
The dealer we had that made the mistake above might have been one of the worst dealers I've seen at any game ever. She actually came up to the table and asked us how she was supposed to deal the game. And even though the bonus is based on what you have on your first 2 cards (essentially for pocket pairs and AJ-AK) she was actually trying to pay people out for what they made for their hand! So if you had T9 and the board had a 9, she tried to pay you out like 5:1 on your bonus for having a pair of 9s.
She did this on her first 2 hands. My gf and I never play the bonus, but once we realized what she was doing, we were about to start, until this angry old British lady at the end of the table explained to her her mistake. It could have cost Harrah's thousands had she not said anything.
The morality issue aside, dealer mistakes in this game easily make it +EV. There's just a high level of variance in which dealer you'll get, how often they make a mistake, if it's for another player but not you, etc. But if you play perfect b.s. and bet $10/hand, you're only losing $6.90/hr. On average, you have 3.9 bets out there (so playing $10/hand means you actually average $39 per hand). So a dealer's mistake in your favor would be worth somewhere between $39 and $78. I derived this from the idea that it's worth $39 for the times that they push you instead of correctly taking your money, or pay you the times that you should push. But it's $78 for the times you get paid instead of losing.
If, hypothetically, a dealer makes 1 mistake per hour and the table averages, say, 4.5 players (I'm totally pulling this figure out of my ass just for the sake of the hypothetical), then you benefit from this 1/4.5 times. So $39-$78, let's average it and say ~$58/4.5= just under $13. So in this hypothetical, just from dealer mistakes alone, you're making $6.10/hr at this game.
I just realized that the mistake is worth slightly less only in that when you are paid out, you're usually not paid out on the ante so it's not a full swing -$39 to +$39, but you get the idea.