Quote:
Originally Posted by sw_emigre
Well now I'm thoroughly confused. I thought the house took $2, basically a BBJ drop, and when they hit a certain amount they put it in the middle, only for players who opted in, and it was one bingo hand (cards turned up, board dealt out, no action) to determine the winner. Now you're talking about playing ranges...**** it, I'm out.
Sir you are correct, it is a bingo hand. But do you think I stand to win a higher percentage of the time if choose a range of hands to play?
I'm also amazed at how confusing I seemed to have made this post to all those that chose to read it and also reply and not sure if I can explain it much simpler.
You can assume that the $2 is included as the rake or not, either way, once $50 is put aside, about every 25 hands, then that $50 is put in the middle and it's a bingo hand so to speak. Flat rate $10 to play, no further action, hands up, best hand wins!
My intentions with this post was to hopefully have a better understanding of is it more plus EV to play them or not, since I'm aware I invested $17,000 playing them last year, put never tracked how much I won in return. My assumptions was it's a losing play in the long run, and I'm better off not playing and keeping that money saved.
But, if I choose to play them, given my pot odds are 140:10 or 6.6% and my hand has to beat 9 other hands, which is 9:1 or 10%, would it be better and more profitable in the long run to play a tighter range of hands.
And now that I see the odds, it's clear I should always play them because the pot odds are always in every players favor and my hand stands an equal chance against 9 other random hands. I suppose I just answered my own question despite this being are very long post and what seems like a not very useful discussion after all.
Thanks again to you all
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