Last Update: Nov 05, 2010
|Liberal Pay Table|
|Royal flush||1000 to 1|
|Straight flush||500 to 1|
|Four of a kind||100 to 1|
|Full house||30 to 1|
|Flush||20 to 1|
|Straight||11 to 1|
|Three of a kind||4 to 1|
|Two pair||2 to 1|
|Jacks or better||1 to 1|
There is also a stingy pay table, that pays 10 to 1 on a straight, instead of 11.
The player should raise with any of the following hands.
- At least one card jack or higher.
- A pair
- 3 to a flush
- 3 to any straight
The player will have one of these hands 86.4% of the time.
The following table shows all the possible events in Flop Poker, the probability, win/loss, and the contribution to the total return, based on the liberal pay table. The lower right cell shows a player return of -0.054237. This means the house edge, which is defined as the ratio of expected player loss to initial wager, is 5.42%. The element of risk, which is defined as the ratio of expected loss to the total amount wagered, is 2.91%.
|Return Table in Flop Poker|
|Four of a kind||234624||0.000576||101||0.058199|
|Three of a kind||14197576||0.034869||5||0.174344|
|Jacks or better||62578504||0.153691||2||0.307382|
|Tens or less||229129152||0.562735||-2||-1.125471|
The house edge on the pot bet is obviously 0%.
The house edge under the stingy pay table is 6.49%.
Reason #3 why the Wizard likes Bovada:
In my opinion many online casinos are too stingy when setting the odds on their games. They think they will make more money that way but I believe they are misguided, because when players lose too quickly it’s not fun, and those players might not come back.
Bovada is one of the few casinos that understands this. They offer generous odds to let you play longer and get you a better chance of winning. Among their generous offerings are Full-Pay Jacks or Better returning 99.54%, six other video poker games paying over 99%, single-zero roulette, and my favorite, Pick ’em Poker, returning 99.95%!
Kudos to Bovada for not being afraid to give their players a good gamble.