Liar's Poker Rules Dollar Bills

I think your website is one of the best gambling sites on the net, and I have a question that I am hoping you would be able to answer. There is an Indian casino a few hours from my house that has some odd rules and regulations. I was wondering if you would be able to determine the house edge from these rules:

The liar’s poker can be played in-group of as small as two or as many as ten, seated in a circle. And the game is played with eight digit serial numbers on a US dollar bill. Each player has to hold dollar bill close to their chest and unseen by other players. The goal of the game is to guess how often a specific digit appears among all the. You not only go by your ### you use the other players ## too. One starts by telling what he has then the other says something else. You can continue. Then when you think you have the other beat you call him then if you beat his hand you win if not he wins. If you're new, Subscribe! → Video DescriptionGo here → Like us → http://www.facebook.com/bigfrog10.

  • There is a 50-cent charge on each hand if your wager is between $5 and $25
  • There is a $1 charge on each hand if your wager is $26 to $500.
  • You can split up to 4 times, not including aces
    -You can double on any first two cards
  • You can double after a split
  • Dealer stands on all 17s
  • Early surrender is available
  • One card on each hand if you split aces
  • $100 bonus on getting 7 cards without busting
  • $100 bonus on getting 3 7's in a row
  • $500 bonus for getting 3 Blackjacks in a row
  • $10,000 bonus for getting 4 Blackjacks in a row

Any help you can give is appreciated.

I'm going to assume that eight decks are used and that the bonuses are not applicable if the dealer has a blackjack. Using the Blackjack Count Analzyer I get a player advantage of 1.4% with a $5 bet. Unfortunately, this advantage is not available at greater bet sizes as the comparable benefit of the bonuses decreases and the additional fee for bets of $25 or over. With a $24 bet the house edge is 1.4%, and with a $25 bet it is 3.3%. This certainly is a very interesting game. If you play it let me know how you do.

Liar

Liars Poker Rules Dollar Bills Free

Thanks for answering my questions. I want to deposit as much as I can at good casinos to take advantage of the 'new player' bonus but how much do you think is too much? I don't like wasting an opportunity to get a large 20% bonus by getting a small 20% bonus, but how much is too much? What's been your experience?

Don't worry about depositing too much money. I almost always deposit the maximum when playing for a bonus. What is much more likely to arouse suspicion is not playing enough.

I like to play the game liars poker with dollar bills. what is the probability of getting any 1,2,3,4, or 5 of the same number on a bill. thank you. If I am playing with 3 people, what is the probability of any 1 number showing up.

First let me answer the unasked question on the probability that a specific number will show up n times on a random bill. There are 8 digits on a bill so the probability of n of a specific number is combin(8,n)*0.1n*0.98-n/108. Here is a table showing the probability for 0 to 8 of a specific number.

Specific Number Oddsin Liar's Poker

NumberProbability
80.00000001
70.00000072
60.00002268
50.00040824
40.00459270
30.03306744
20.14880348
10.38263752
00.43046721
Total1.00000000

The next table shows the probability of every possible type of bill, categorized by the number of each n-of-a-kind. For example, the serial number 66847680 would have one three of a kind, one pair, and three singletons, for a probability of 0.1693440.

Liar S Poker Rules Dollar Bill

General Probabilities in Liar's Poker

8 o.a.k.7 o.a.k.6 o.a.k.5 o.a.k.4 o.a.k.3 o.a.k.2 o.a.k.1 o.a.k.Probability
10.0000001
110.0000072
110.0000252
120.0002016
110.0000504
1110.0012096
130.0028224
20.0000315
1110.0020160
120.0015120
1120.0211680
140.0211680
210.0020160
220.0141120
1210.0423360
1130.1693440
150.0846720
40.0052920
320.1270080
240.3175200
160.1693440
80.0181440
Total1.0000000

o.a.k. = 'of a kind'

For more information, see my page on liars poker.

Liar's Poker Rules Dollar Bills

What are some of the best online casinos to play blackjack on, with the following criteria in mind - Best player odds, fewest decks, fairness?

Assuming you put the greatest priority on player odds I would have to go with a Unified Gaming casino. You'll enjoy a player edge of 0.57% assuming you following the proper strategy.

Is there any mathematical proof you can provide that will prove a player sitting at 'third base' on the blackjack table can’t change the outcome of the game by making bad decisions based on 'basic strategy' I have had many people argue that poor decisions at third base, or anyplace on the table for that matter, cost them money. I would love to see the actual numbers on this if it is possible. Great site by the way. I love gambling, and your site is one of the best I have seen on the web. Actually has real proven info.

Thanks for your kind words. Unfortunately I do not have any such proof at hand. If I did set about proving it myself I would use a computer simulation. However skeptics would probably claim something ridiculous, like that bad players disrupt the karma of the game, which can’t be replicated in a computer.

I’ve been a dealer in Vancouver, Canada for over six years. Having dealt all casino games (except craps) I’ve decided that a person’s best betting strategy would be to bet all their bankroll on a one-shot bet, preferably in bacarrat, and on Banker. My decision is based on the observation that the longer a player gambles, the more likely that the odds will get the best of them, and the more likely it is that they will lose everything. The one-shot method may not be entertaining, but surely it’d be more profitable (or I should say, 'less damaging')

You’re absolutely right. The fewer bets actually made the better the odds are of actually winning. The expected loss is also a function of the total amount bet. If the player keeps circulating money back and forth between himself and the dealer the house edge will gradually grind the player down. However maximizing the odds of winning should not be the only objective to gambling. Having fun is also important. Plopping an entire bankroll on the table in one bet may not be as fun as playing it out gradually. It may also may have a greater chance at a large loss depending on how much play is involved in the alternative. If one really wants to cut down the house edge the best thing to do is put your money in the machine marked 'change.'

I have a few questions regarding blackjack: How often can one expect the dealer to bust and how often can a player expect to win four hands in a row?

When the dealer stands on a soft 17, the dealer will bust about 29.1% of the time. When the dealer hits on a soft 17, the dealer will bust about 29.6% of the time. According to my blackjack appendix 4, the probability of a net win is 42.42%. However, if we skip ties, the probability is 46.36%. So, the probability of a four wins in a row is 0.46364 = 4.62%.

Could you please tell me what are some of the better paying slot machine to play? Also about the placement of the machines that pay off the best? any help would be appreciated. I like slots but never win!!!!

Based on my research, the placement of the machine doesn't matter. Regarding what type of slot to play, choose something simple, not a game with fancy signage and video. My best advice is to switch to video poker.

Dear Mr. Wizard, thank you for your very informative website. My question is about baccarat. What are the good cards for the Player and what are the good cards for the Banker. Kindly give them in their order of strength. Thank you, and more power to you.

I have a whole page on the topic of card counting in baccarat. Briefly, the best card for the Player is 4, and for the Banker is 6. Pachislo slot machine volume control.

Having finished Liar's Poker: Rising Through the Wreckage on Wall Street by Michael Lewis, last week, it seemed appropriate to explain the rules of the game. Yes, a review might have been interesting, but definitely not more entertaining (and I would consider the book an entertaining read). So, in the spirit of trading sites everywhere, I have written this tutorial to explain the basics of liar's poker:
1) There are several version of liar's poker. One involving bidding and another more in the spirit of poker. Because the bidding version appears to be the most popular, and because Micahel Lewis features it in his book, I will discuss the general rules for that game. As with any game, remember to clarify rules before beginning since more than a single version of the game likely exists.Liar
2) The game requires 2 or more players and each player needs a dollar bill (several if you want to increase the uncertainty of serial numbers drawn).
3) Put all bills face down, covering the serial number, into a pile in the center of the group. Shuffle the bills.
4) Have each player take a bill. Do not show it to any other players. Keep your 'hand' covered, just like in a game of cards.
5) Look at your serial number. In general, 1's count as aces and 0's count as tens, but make sure to clarify this at the beginning of the game. Some versions play with 0 being the lowest number and 9 being the highest. Either way works out well. Count the number of times each number appears in your serial number. This is your hand. Remember it.
6) Begin the bidding. You can choose the starting player in any number of ways. If you have only two players, a coin toss works well. Otherwise, rolling dice or picking a card. Use your imagination.
7) Make a bid. That means, make a bet on how many of a certain number you believe to be among all the serial numbers. Say you have 2 5's on your serial number. You could safely bid 2 fives, as you know there to be two five's for a fact.
8) Continue to the next person. This person can now bid a higher amount of the number you last bid on, say 3 5's; or, they can bid a higher amount on a lower number, say 4 4's or 4 2's; or, they can bid on any amount of a higher number, say 2 6's or 1 ace.
9) Another option everyone after the first player has is to call the last player's bid a lie, or a bluff. Say you do not think there could possibly be 4 aces among all the serial numbers, but that was the last bid. You could call the last player's bid a bluff.
10) Now, the next person can agree with you and also call that player's bid a bluff. But if they do not believe it to be a bluff, they can also continue the bidding in the manner explained in step 8.
11) If the belief that a person has in fact bluffed becomes the consensus of the entire group, everyone must show their serial numbers.
12) Count up the serial numbers.
13) If the person being called the liar actually bid correctly (e.g. the player said there were 5 aces and there were, or there were more), then that player wins. Each player gives him a dollar, or a point, whichever has been decided upon.
14) If the person is incorrect, then that player must give everyone else a dollar, or a point, whichever is decided upon. You do not have to play for dollars; playing with smaller or larger amounts works just as well.
To watch a sample game, click here. There are also free tournaments and games on that site. If you are interested in the odds behind the game, I found this page (go to the bottom). It's not perfect, but interesting nonetheless.