Reason #3 why the Wizard likes Bovada:

Excellent Odds

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.

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Rock Paper Scissors

Last Update: Jul 14, 2010

Introduction

Rock Paper Scissors is a game found at Internet casinos using Playtech software. The game can be found under the Arcade Games menu.


Click on image for larger version.

Rules

The player chooses rock, paper, or scissors, and the computer will do the same. Rock beats scissors, scissors beats paper, and paper beats rock. If both throw the same thing the bet is a draw for single throw bets. The player may also bet on 2, 3, or 4 game series, in which he must win every throw (ties lose) to win the bet.

Analysis

The single throw bets pay 1.9 on a win. The expected return is (1/3)*1.9 + (1/3)*1 = 2.9/3 = 96.67%.

A two throw series pays 8.7. The probability of winning is (1/3)2 = 1/9. The expected return is (1/9)*8.7 = 96.67%.

A three throw series pays 26. The probability of winning is (1/3)3 = 1/27. The expected return is (1/27)*26 = 96.30%.

A four throw series pays 78. The probability of winning is (1/3)4 = 1/81. The expected return is (1/81)*78 = 96.30%.

Playtech Strategy

In the Playtech game the odds are the same for all three throws.

Real Life Strategy

When playing a novice human opponent, especially a male, always throw paper the first time! This is because most people tend to prefer rock, especially on the first throw. You can thank me later after after you see how well this works! Just don't employ this strategy against Lisa Simpson.

There is a good paper on rock paper scissors strategy at chacha.com.

Disclaimer

I was hired by Playtech to help design all of their Arcade Games. I was given permission by Playtech to publish this analysis.