| Posted by: Jufo at May 28, 2008, 5:35 am | | Topic: Games with 'par' odds Forum: Casino Meister | | I don't have positive things to say about Betfair Zero blackjack. I have never lost so much on any blackjack as I have lost in this zero blackjack, even though I have played this game much less than any other blackjack with a house edge. In the last session I had only 78% return over 400 hands played and statistically the probability for such or worse result is around 1:10000. It would be interesting to know how much Betfair actually profits from this game. Also, I don't like the way to make Blackjack games no-house edge by giving a bonus payout for some rare hand. A real no-house edge Blackjack has such rules that the game pays out 100% naturally. And there used to be such a game: Boss Media single deck blackjack with 100.15% return. Unfortunately this 0.15% player edge was enough for players to start hammering this game for profit and eventually no Boss Media casinos could afford to offer it anymore. Quote: Originally Posted by bryand I'm missing something in my understanding of how payout percentages are computed. Is it not possible for 1 million people to play at a 100% payout game yet all 1 million lose (i.e. quit when they're behind)? Or, over the life of a 95% payout slot machine, is 95% of the take actually paid out (in hand) to players? If the game pays out 100% then it pays out 100% independent of whether most people lose. Because those who don't lose, win the same amount the other lost. So I don't think it is possible for a 100% return game to give casino any profit even if most players continue to play until they lose it all. That is why casinos should show the figures they have made from these zero house edge games. If they show any profit over long period of time, then the game can't be completely random and 0% house edge, period. In case of Blackjack, incorrect playing strategies can explain a small net profit for the casino. |
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