ADVANCED CONCEPTS

SPECIAL SITUATIONS

PLAYING SOME HANDS

CONTINUING EDUCATION

DICTIONARY

 

 

      

 

POKER VERSUS OTHER CASINO GAMES

 

  Of course, it’s possible to win at other casino games

  Blackjack can be a winning game if you count cards. 

  Progressive jackpot slot machines are profitable when the jackpots get large enough.

  Poker is a preferable gambling game for a few reasons. 

  First, a winning poker player can also achieve an edge over the casino, but poker   typically gives a larger edge than blackjack. 

  It can be as much as 5 percent (or larger) for poker players, while blackjack players  typically play with an edge of about 1 percent (or less). 

  Winning poker players profit from huge mistake which are often made by opponents. 

  The only mistake the casino makes is allowing the winning blackjack player to play, and they   can correct  that error by simply ejecting the player from the casino.

  Because of their edge, winning poker players also experience smaller fluctuations in their  results than do blackjack players or players of progressive slots. 

  We discuss risk in more detail later in the book. 

  There are two characteristics of a game that create risk. 

  One is even-money bets.Statistical variance reaches its maximum on even-money propositions. 

  The other is when the range of possible outcomes is very large. 

  Blackjack is very close to an even-money poker game, hence it has large risk. 

  Progressive jackpot slots have low probability but very high dollar payoffs, hence a large  risk. 

  Poker is based on neither even-money bets nor low probabilities.

 


why play poker ? / unique features of poker

keeping score with money / the basics of poker / mathematics of poker

growth and change in poker / holdem / sources for this book


 

holdem poker

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