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If a player "Posts" on an Ace they are required to pay four times their bet for that hand. Aces also cause an automatic loss if it is the third card turned when the first two cards are a match, e.g. 6,6. The best spread in the game is considered to be a low Ace on the left and a high Ace on the right.
In most variants of lowball, the ace is counted as the lowest card and straights and flushes don't count against a low hand, so the lowest hand is the five-high hand A-2-3-4-5, also called a wheel. The probability is calculated based on ( 52 7 ) = 133 , 784 , 560 {\textstyle {52 \choose 7}=133,784,560} , the total number of 7-card combinations.
A bet ramp is a betting plan with a specific bet size tied to each true count value in such a way that the player wagers proportionally to the player's advantage to maximize bankroll growth. Taken to its conclusion, the Kelly criterion demands that a player not bet anything when the deck does not offer a positive expectation; "Wonging ...
An ace-high straight flush, such as A ♦ K ♦ Q ♦ J ♦ 10 ♦, is called a royal flush or royal straight flush and is the best possible hand in ace-high games when wild cards are not used. [ 5 ] [ 15 ] [ 16 ] A five-high straight flush, such as 5 ♥ 4 ♥ 3 ♥ 2 ♥ A ♥ , is called a steel wheel and is both the best low hand and ...
Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets.
Pot odds are only useful if a player has enough equity.Equity is the chance a player has to win the hand at showdown.It is calculated as the fraction of remaining cards in the deck for each remaining street (sequential card being dealt, e.g. turn, river) that can give a player the winning hand.
Betting limits apply to the amount a player may open or raise, and come in four common forms: no limit, pot limit (the two collectively called big bet poker), fixed limit, and spread limit. All such games have a minimum bet as well as the stated maximums, and also commonly a betting unit, which is the smallest denomination in which bets can be ...
Calculations below for multiple-bet wagers result in totals being shown for the separate categories (e.g. doubles, trebles etc.), and therefore overall returns may not be exactly the same as the amount received from using the computer software available to bookmakers to calculate total winnings. [1]: 138–147 [2]: 163–177
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