Submitted by: Submitted by shkyee
Views: 154
Words: 859
Pages: 4
Category: Business and Industry
Date Submitted: 05/05/2013 09:03 AM
1000-word answer
There have several types table games we can play at crown casino. And player's skill affects the house advantage in several games(Reading 5.1). Since I only have $50, I should consider to win more and minimize my losses. On the one hand, the house advantage is represents the long-run percentage of the wagered money that will be retained by the casino (Reading 5.1). On the other hand, risk in the gaming business depends on the house advantage, standard deviation, bet size and length of play (Reading 5.1). The lowest house advantage can supply high chance to the gambler to increase their winning. Hence, the guiding principle I will use to determine my choice of game is lowest house advantage which can help me get more chance to maximize my winning and minimize losses.
According to the house advantages for popular casino games table at reading 5.1, the poker machine refer to slots is 5 to 10 percent house advantage, the traditional baccarat refer to baccarat (no tie bets) is 1.2% house advantage, the blackjack (6 decks, basic strategy) is 0.5% house advantage, the roulette double zero is 5.3% and craps refer to craps (pass/come with double odds) is 0.6% house advantage (p.66). Therefor, the poker machine should be ignore since the highest house advantages and should thinking the blackjack or craps.
From the blackjack rules of crown casino, the blackjack will be played 4 to 8 decks (p.3). The more decks will increase more house advantage. Get through the calculate from the blackjack inf.com website, if setting the role is 4 decks; double 9, 10, 11 only; double after split allow; no surrender and dealer peek, the house advantage is 0.48%. However, if we change the role to 8 decks; double 9, 10, 11 only; double after split allow; no surrender and dealer peek, the house advantage is 0.56%. At crape site, dice combinations have highest and lowes dice total number. Get through the video 3, the dice total of 7 have high rate to get and 2 and 12 is...