Search results
Results from the WOW.Com Content Network
Card counting is a blackjack strategy used to determine whether the player or the dealer has an advantage on the next hand. Card counters try to overcome the casino house edge by keeping a running count of high and low valued cards dealt. They generally bet more when they have an advantage and less when the dealer has an advantage.
When the dealer shows an ace and the player has a blackjack, the player can opt for even money and get paid immediately at 1:1. This is a version of insurance rather than a different bet. If the dealer has blackjack, the hand is a push, but the player receives twice the value of the insurance, which is the same as the original bet.
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.
One way to make money on the exchanges is "trading" - in the above example, the Jets might be a favorite decimal odds of 1.90 to defeat the Bills. If a "trader" thinks these odds too long he may bet $1000 on the Jets, and should he prove correct and the odds on the Jets get shorter, "lay off" by laying, say, a $1016 bet against the Jets at 1.87.
In poker, the strength of a hand (how likely it is to be the best according to the rules of the game being played) is often called its value; however, in the context of poker strategy the term is more often used to describe a betting tactic, a value bet. This bet (or raise) is intended to increase the size of the pot, by inducing opponents to call.
A card counting system assigns a point score to each card rank (e.g., 1 point for 2–6, 0 points for 7–9, and −1 point for 10–A). When a card is exposed, a counter adds the score of that card to a running total, the 'count'. A card counter uses this count to make betting and playing decisions.
He thus has 9 outs for a flush out of 47 cards yet to be drawn, giving him a 9/47 chance to fill his flush on the turn. If he fails on the turn, he then has a 9/46 chance to fill on the river. Calculating the combined odds of filling on either the turn or river is more complicated: it is (1 - ((38/47) * (37/46))), or about 35%. A common ...
A sucker bet is a gambling wager in which the expected return does not reflect the odds of winning, and is significantly lower. For example, the chances of correctly guessing the order of the final three cards in a game of Faro is usually 1 in 6, yet the bet only pays 4:1 or 5:1. The complexity of the game can disguise the nature of the odds ...