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Poker calculators are algorithms which through probabilistic or statistical means derive a player's chance of winning, losing, or tying a poker hand. [1] [2]Given the complexities of poker and the constantly changing rules, most poker calculators are statistical machines, probabilities and card counting is rarely used.
In statistics, this is called odds against. For instance, with a royal flush, there are 4 ways to draw one, and 2,598,956 ways to draw something else, so the odds against drawing a royal flush are 2,598,956 : 4, or 649,739 : 1. The formula for establishing the odds can also be stated as (1/p) - 1 : 1, where p is the aforementioned probability.
3 Odds calculators. 4 Solvers. 5 Tournament databases. 6 Game software. 7 Bots. ... The first such simulator, Poker Probe, was developed by Mike Caro in 1990. Solvers
After 10 rounds, play $1 per round, and the average house profit will be 10 x $1 x 5.26% = $0.53. Of course, the casino can't win exactly 53 cents; this figure is the average casino profit from each player if it had millions of players each betting 10 rounds at $1 per round. The house edge of casino games varies greatly with the game.
PokerStove is a program that calculates hand equities (i.e., expected percentage of the time that each hand wins at showdown). [3] Since poker is a game of incomplete information, the calculator is designed to evaluate the equity of ranges of hands that players can hold, instead of individual hands. [4]
E.g. £100 each-way fivefold accumulator with winners at Evens ( 1 ⁄ 4 odds a place), 11-8 ( 1 ⁄ 5 odds), 5-4 ( 1 ⁄ 4 odds), 1-2 (all up to win) and 3-1 ( 1 ⁄ 5 odds); total staked = £200 Note: 'All up to win' means there are insufficient participants in the event for place odds to be given (e.g. 4 or fewer runners in a horse race).
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In Casino Hold'em the player not only wins a standard 1 to 1 sum if they have the stronger hand, but for rare hands a higher sum. This pay table typically pays a royal flush 100 to 1, straight flush 20 to 1, four of a kind 10 to 1, full house 3 to 1, flush 2 to 1, and straight or less the standard 1 to 1.
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