When playing Let It Ride Poker, and trying to
calculate the House Edge, your task can become
quite difficult. Since there are 311,875,200 different ways to get
five cards out of 52, with regard to the order they are chosen in,
the total amounts of times that the player would lose assuming a
perfect strategy is used is over 10,933,344 times. The way the house
edge is calculated is by comparing the average player loss to the
minimum bets or 10,933,344 divided by 311,875,200, which equals
3.5056792%.
Now what all of that information listed above means in plain English
is that the House edges to find is the ratio of the average loss
as opposed to the initial bet. This edge is not defined as the ratio
of money lost to money wagered. In some games, the initial bet is
not necessarily the same as the ending bet. When Playing Let It
Ride Poker, the player has the opportunity to increase their wager
whenever the odds favor doing so, in cases such as these, the amount
of money that is wagered is not considered a part of that denominator
for the purpose of determining the house’s edge.
The main reason that the House edge is calculated relative to the
original wager instead of the average wager, is because it makes
it easier for each player to determine what they could possibly
lose. For example, let’s assume that the house edge in the
Let It Ride Poker Game that you are playing is .6%, when this is
the case, for every $10 that is wagered, you can assume that you
will lose approximately six cents on the average.
Knowing the house edge, odds and strategies of this game or any
casino game can greatly enhance your play. At first it may seem
a little confusing or even overwhelming but once you know what to
look for, it all makes perfect sense. Keep in mind that a casino
always has the edge, this does not mean that the casino is out to
cheat you, all it means is that they make money off of all their
games while giving you fair odds to win money back, and a chance
of winning more than you came in with.
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