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Let It Ride
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Let It Ride is a game based
on poker hands. The game is played like this: The player opens a round by
placing three identical bets on the betting circles. The player is dealt
three cards and the dealer places two community cards in the center of the
table, face down. Based on the favorability of the three hole cards, the
player can withdraw the first bet or "let it ride" and leave it on the table.
The dealer then reveals the first community card. Now the player decides
whether to withdraw the second bet. The second community card is then revealed
and the hand is scored. Note that the third bet stays on the table with
no option to withdraw. Also note that withdrawing the second bet is independent
of what was done with the first. |
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Payoff and the True Odds
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The player qualifies with at least a pair of tens, the payoff
is determined by the quality of the hand. The skill of the player is in
knowing when to stay and when to withdraw based on the cards known. |
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Let It Ride
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Hand
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Payout
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True odds
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Royal Flush
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1,000 to 1
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649,350 to 1
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Straight Flush
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200 to 1
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72,220 to 1
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4 of a kind
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50 to 1
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4,165 to 1
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Full House
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11 to 1
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694 to 1
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Flush
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8 to 1
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509 to 1
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Straight
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5 to 1
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255 to 1
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3 of a kind
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3 to 1
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47 to 1
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2 pair
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2 to 1
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21 to 1
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Winning pair (10's or better)
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1 to 1
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6 to 1
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When I started writing this, I admit I didn't have much experience
with this game. I played it once for about 20 minutes and lost $50 making
$5 bets, at that point I decided that there were better things I could do
with my money. At any rate, I did some research on line and found the table
above (most of it should be second nature to a poker player, but it was
reassuring to find that no one had messed up the mathematical probabilities
while my back was turned) I also found (directly below the table) a statement
that the hose has a 3% edge in this game. I looked at the table that is
telling me that the house percentage is at least 5% and probably more, and
looked at the statement and was dumbfounded! If anyone can tell me where
they arrived at the 3% number using the statistics that are in the table,
please post it to the Forum. |
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Jackpot!
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There is a "jackpot" feature offered
with this game as a $1 side bet, the payouts vary form casino to casino
but they are invariably bad! |
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Required
Reading
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As always I advocate
a complete education. There are books on the subject, available through
our Bookstore. |
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