Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > General Gambling > Probability
FAQ Community Calendar Today's Posts Search

Reply
 
Thread Tools Display Modes
  #1  
Old 08-20-2007, 05:08 PM
jackhigh jackhigh is offline
Senior Member
 
Join Date: Nov 2004
Posts: 195
Default Blackjack vs Low Limit- Limit Poker, which is best?

In Colorado, they have $5 max bet limit casinos. The majority of the poker games spread are $2-5 limit (one $2-$5 blind, max raise $5 capped at $30 per betting round) and $5-$5 (two $5 blinds, capped at $30 per round).

As you may imagine, these low limit "crap shoots" are basically 5-6 people seeing a flop and chasing middle or low pair, gutshots, and 2 outers to the river (at least one always calling any river bet).

Presently the casinos have upped their rake to $1 per $10 pot up to $5 per $50 pot (basically 10% up to $50).

With the high rake, along with a $2 bad beat bonus take and an average of $1 tip per pot... and the "no fold em call to the river suck-out players" is this game even beatable in the short or long term by competent proper poker play (if so, how big of an advantage would you need to have to overcome this)? Or, would it be better just to play basic strategy Blackjack (with very player friendly rules) with a house advantage of only .35% (as per wizard of odds)?

Thanks in advance! [img]/images/graemlins/laugh.gif[/img]
Reply With Quote
  #2  
Old 08-20-2007, 06:01 PM
Flip-Flop Flip-Flop is offline
Senior Member
 
Join Date: Jun 2007
Posts: 457
Default Re: Blackjack vs Low Limit- Limit Poker, which is best?

I used to play live 2/4 loose limit games with family pots (5-8 to flop on average) for very short period of time and moved to 5/10 ASAP.

The reason? It was beatable but very....very annoying game.
It`s only good for practicing tilt control and table manners.

"Small Stakes Hold`em" by Miller/Sklansky/Malmuth would be the best read for a perfect strategy. [img]/images/graemlins/spade.gif[/img]
Reply With Quote
  #3  
Old 08-20-2007, 06:31 PM
jackhigh jackhigh is offline
Senior Member
 
Join Date: Nov 2004
Posts: 195
Default Re: Blackjack vs Low Limit- Limit Poker, which is best?

Is it still beatable with an average 16% house vig (rake, bad beat, tip)? If so, how much of a favorite do your hands need to be to offset this along with the other loose play, family pot factors? Should I just play blackjack instead (.35% house advantage) for my gambling fix?

Any mathematicians out there?
Reply With Quote
  #4  
Old 08-22-2007, 12:59 PM
Shroomy Shroomy is offline
Senior Member
 
Join Date: Apr 2006
Location: Miami FLA
Posts: 465
Default Re: Blackjack vs Low Limit- Limit Poker, which is best?

I would think that at the minimum you would have to be able to estimate your edge vs the typical player (an average of an avererage) to figure this out, but Im sure you could figure out what your break even edge would have to be. Then you would just have to factor in the number of hands per hour at both black jack and poker, and of course what your standard be would be in BJ.

[img]/images/graemlins/smile.gif[/img]
Reply With Quote
  #5  
Old 08-22-2007, 02:02 PM
helter skelter helter skelter is offline
Senior Member
 
Join Date: Jul 2007
Posts: 267
Default Re: Blackjack vs Low Limit- Limit Poker, which is best?

I don't play BJ so I don't know what the variance is playing that, but with the low limit hold'em game, you can go thru big swings even if you do have an edge after vig., so you need the bankroll and temper to withstand that.

Your 16% vig implies an average pot of $50. I would think the average pot would be much bigger if there is a lot of action.
Reply With Quote
  #6  
Old 08-22-2007, 05:20 PM
matt85 matt85 is offline
Senior Member
 
Join Date: Feb 2006
Posts: 599
Default Re: Blackjack vs Low Limit- Limit Poker, which is best?

You probably still have a small edge in poker inclusive of rake and BJ variance is absolutely horrendous.
Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 08:54 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.