I am trying to work out how legitimate this is.
They offer the following games:
blackjack: six deck, split to 3 hands, no double after split, dealer hits soft 17. HA 0.7719%
However they claim for their bethedealer option:
BeTheDealer Casino offers you the unique option of playing the role of the Dealer... At the end of every round the casino takes a commission of 1.75% of the total bets bet against the Dealer.
....
The casino's edge in Blackjack with these rules is approximately 2% (bear in mind that this percentage depends on the knowledge of the player in Blackjack. Also, this 2% is how the casino makes a profit on Blackjack) so as the Dealer you actually gain an edge of about 0.5%.
I am not sure if they are saying that achieving only a 2% HA with their rules requires a knowledge of blackjack. This is not the case, as a 2% HA assumes a *poor* knowledge of blackjack. In fact unless they have some trickery with their blackjack, against a good player, you stand to lose .98%, making 'being the dealer' worse than their regular game. Either way this is pretty poor practice, as they do not make it clear that 2% assumes suboptimal play.
Anyway, this 1.75% commission makes sense, and ensures that bethedealer cannot lose as you have player versus player for a guaranteed 1.75% profit. Fair enough, but to imply that there is an edge for the dealer is quite misleading.
I can't say I would want to 'be the dealer' with these rules.
They also claim you can play as the dealer on their slots, although I am not sure how this could work, and they provide no explanation or commissions listing.
As dealer you can also play video poker with a 2% commission, underwriting all losses except the royal flush, which is paid by the casino.
In return they offer 8/5 Jacks or Better. The return of this game, excluding the Royal Flush, under optimal stratey is 95.3%.
Given the 2% commission, it seems that the player has at least a 2.7% edge.
To 'be the dealer', you must first wager an equal amount as player. Even under their blackjack rules, (2.7 - .7719) / 2 = 0.96% which is a pretty substantial player advantage, and better than many players count at blackjack in b&m casinos to achieve.
It seems too good to be true, although I guess the casino still wins - the only loser is the 8/5 jacks or better player!
At caribbean poker they are again misleading:
Example
Let's say the Player places $5 as an initial wager. The Player decides to 'Raise' his/her bet, and places an additional wager of $10.
The Player loses his/her bet and since the bet against the Dealer was $15 the casino takes a commission of 1.75%*15 = $0.26, which means the Dealer wins 15-0.23 = $14.77 on this round. The casino's edge in Caribbean Poker is approximately 5.3% (bear in mind that this percentage depends on the knowledge of the player in Caribbean Poker. Also, this 5.3% is how the casino makes a profit on Caribbean Poker) so as the Dealer you actually gain an edge of about 3.8%.
In fact 5.3% is the expected percentage loss on the original $5 bet, not on the final wager. However the commission is being levied on the full $15. The actual loss for perfect strategy as a percentage of wagers is only 2.55%.
Similarly on Pai Gow Poker, they also misleadingly suggest there is a 2.9% HA, when in fact the expected loss is 1.46% of wagers (making 'being the dealer' a losing proposition once their 1.75% commission has been taken).
I also suspect that they recently increased their commission from 1.5% to 1.75% as all the sums use that amount, but didn't update the edge calculations, as their numbers for net advantage wrong, based on 1.5%
Anyway, can anyone comment on the apparent 1% advantage that they offer the player being the dealer on jacks or better and playing blackjack?
They offer the following games:
blackjack: six deck, split to 3 hands, no double after split, dealer hits soft 17. HA 0.7719%
However they claim for their bethedealer option:
BeTheDealer Casino offers you the unique option of playing the role of the Dealer... At the end of every round the casino takes a commission of 1.75% of the total bets bet against the Dealer.
....
The casino's edge in Blackjack with these rules is approximately 2% (bear in mind that this percentage depends on the knowledge of the player in Blackjack. Also, this 2% is how the casino makes a profit on Blackjack) so as the Dealer you actually gain an edge of about 0.5%.
I am not sure if they are saying that achieving only a 2% HA with their rules requires a knowledge of blackjack. This is not the case, as a 2% HA assumes a *poor* knowledge of blackjack. In fact unless they have some trickery with their blackjack, against a good player, you stand to lose .98%, making 'being the dealer' worse than their regular game. Either way this is pretty poor practice, as they do not make it clear that 2% assumes suboptimal play.
Anyway, this 1.75% commission makes sense, and ensures that bethedealer cannot lose as you have player versus player for a guaranteed 1.75% profit. Fair enough, but to imply that there is an edge for the dealer is quite misleading.
I can't say I would want to 'be the dealer' with these rules.
They also claim you can play as the dealer on their slots, although I am not sure how this could work, and they provide no explanation or commissions listing.
As dealer you can also play video poker with a 2% commission, underwriting all losses except the royal flush, which is paid by the casino.
In return they offer 8/5 Jacks or Better. The return of this game, excluding the Royal Flush, under optimal stratey is 95.3%.
Given the 2% commission, it seems that the player has at least a 2.7% edge.
To 'be the dealer', you must first wager an equal amount as player. Even under their blackjack rules, (2.7 - .7719) / 2 = 0.96% which is a pretty substantial player advantage, and better than many players count at blackjack in b&m casinos to achieve.
It seems too good to be true, although I guess the casino still wins - the only loser is the 8/5 jacks or better player!
At caribbean poker they are again misleading:
Example
Let's say the Player places $5 as an initial wager. The Player decides to 'Raise' his/her bet, and places an additional wager of $10.
The Player loses his/her bet and since the bet against the Dealer was $15 the casino takes a commission of 1.75%*15 = $0.26, which means the Dealer wins 15-0.23 = $14.77 on this round. The casino's edge in Caribbean Poker is approximately 5.3% (bear in mind that this percentage depends on the knowledge of the player in Caribbean Poker. Also, this 5.3% is how the casino makes a profit on Caribbean Poker) so as the Dealer you actually gain an edge of about 3.8%.
In fact 5.3% is the expected percentage loss on the original $5 bet, not on the final wager. However the commission is being levied on the full $15. The actual loss for perfect strategy as a percentage of wagers is only 2.55%.
Similarly on Pai Gow Poker, they also misleadingly suggest there is a 2.9% HA, when in fact the expected loss is 1.46% of wagers (making 'being the dealer' a losing proposition once their 1.75% commission has been taken).
I also suspect that they recently increased their commission from 1.5% to 1.75% as all the sums use that amount, but didn't update the edge calculations, as their numbers for net advantage wrong, based on 1.5%
Anyway, can anyone comment on the apparent 1% advantage that they offer the player being the dealer on jacks or better and playing blackjack?
B
