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  #1  
Old 05-08-2007, 04:33 AM
EricS31 EricS31 is offline
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Default Help me figure out whos getting the better of this please

ok so me and a buddy were railing matusow, aba, etc play omaha...and we started prop betting the flops

person A
Wins $10 if no flop is seen
Wins $15 if first card on flop was a [img]/images/graemlins/heart.gif[/img]

person B
Wins $10 if [img]/images/graemlins/diamond.gif[/img], [img]/images/graemlins/club.gif[/img], or [img]/images/graemlins/spade.gif[/img] or was first card on flop

whos getting the better of it in the long run?

also, if player A is getting the worst of it, how much would he need to get if the heart hit in order to get best of it

also its 50-100 PLO 6handed...couldnt really gage % of flops being seen but it seemed around 7-8 outta 10
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  #2  
Old 05-08-2007, 05:08 AM
apefish apefish is offline
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Default Re: Help me figure out whos getting the better of this please

if 8 flops are being seen- the guy with three suits is getting roughly $60 per ten hands. the guy with the hearts and the no flop is getting $50. make the no flops $15 and this is an even line at 8 flops per 10 hands seen.
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  #3  
Old 05-08-2007, 05:19 AM
vlerk vlerk is offline
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Default Re: Help me figure out whos getting the better of this please

[ QUOTE ]
if 8 flops are being seen- the guy with three suits is getting roughly $60 per ten hands. the guy with the hearts and the no flop is getting $50. make the no flops $15 and this is an even line at 8 flops per 10 hands seen.

[/ QUOTE ]

This makes no sense at all.

They either see a flop or don't (50/50).
A [img]/images/graemlins/heart.gif[/img] comes first or doesn't (50/50).

So each hand person A wins 0.5*10 + 0.5*0.5*15 - 0.5*0.5*10 = $6.25

Seems like person B is getting screwed HARD.
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  #4  
Old 05-08-2007, 05:22 AM
apefish apefish is offline
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Default Re: Help me figure out whos getting the better of this please

[ QUOTE ]
[ QUOTE ]
if 8 flops are being seen- the guy with three suits is getting roughly $60 per ten hands. the guy with the hearts and the no flop is getting $50. make the no flops $15 and this is an even line at 8 flops per 10 hands seen.

[/ QUOTE ]

This makes no sense at all.

They either see a flop or don't (50/50).
A [img]/images/graemlins/heart.gif[/img] comes first or doesn't (50/50).

So each hand person A wins 0.5*10 + 0.5*0.5*15 - 0.5*0.5*10 = $6.25

Seems like person B is getting screwed HARD.

[/ QUOTE ]

My bad. I'm going to have to go back and rework my math on the outs each person has also to include it in any correct answer.
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  #5  
Old 05-08-2007, 06:56 AM
noseeds99 noseeds99 is offline
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Default Re: Help me figure out whos getting the better of this please

The odds of seeing a flop are not 50/50. This is omaha so I would guess the percentage of flops seen is ~80%.
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  #6  
Old 05-08-2007, 07:02 AM
SkeetyMcdoogle SkeetyMcdoogle is offline
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Default Re: Help me figure out whos getting the better of this please

cmon noseeds youre better than that
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  #7  
Old 05-08-2007, 07:04 AM
noseeds99 noseeds99 is offline
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Default Re: Help me figure out whos getting the better of this please

[ QUOTE ]
They either see a flop or don't (50/50).
A comes first or doesn't (50/50).

[/ QUOTE ]

This cannot be right.

I buy a powerball ticket with jackpot of 10 million.

I either win or a don't (50/50)

so I win 10m*.5=5million

Seems like the state is getting screwed HARD
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  #8  
Old 05-08-2007, 09:01 AM
shaundeeb shaundeeb is offline
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Default Re: Help me figure out whos getting the better of this please

what losers watch highstakes together when neither is playing?
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  #9  
Old 05-08-2007, 09:30 AM
PunterSThompson PunterSThompson is offline
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Location: Adelaide, Australia
Posts: 105
Default Re: Help me figure out whos getting the better of this please

Person B is a(.25 * -15 + .75 * 10 ) + (1-a).-10 where a is flop %. From this a = 72.7% for break even.

Regards, Punter
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  #10  
Old 05-08-2007, 09:40 AM
bigt2k4 bigt2k4 is offline
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Join Date: Jul 2005
Location: UWO/ London, ON
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Default Re: Help me figure out whos getting the better of this please

[ QUOTE ]
[ QUOTE ]
They either see a flop or don't (50/50).
A comes first or doesn't (50/50).

[/ QUOTE ]

This cannot be right.

I buy a powerball ticket with jackpot of 10 million.

I either win or a don't (50/50)

so I win 10m*.5=5million

Seems like the state is getting screwed HARD

[/ QUOTE ]
In this case it is different. Someone, not you, either wins or they don't so the state only needs to sell 5 million tickets to break even
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