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Thread: No House Edge in Poker???? -- C'Mon!!!

  1. #1
    I take issue with Alan's statement that there is no house edge in poker. I would say that's a convenient piece of propaganda that comes right out of casino marketing.

    If you do the math for limit hold 'em, after six to seven hours at a table with six people, the entire bankroll of one of the players has been extracted -- BY THE CASINO. So if that's not a casino edge, what is?

  2. #2
    Originally Posted by redietz View Post
    I take issue with Alan's statement that there is no house edge in poker. I would say that's a convenient piece of propaganda that comes right out of casino marketing.

    If you do the math for limit hold 'em, after six to seven hours at a table with six people, the entire bankroll of one of the players has been extracted -- BY THE CASINO. So if that's not a casino edge, what is?
    House has a definite edge--it can't lose cause it gets a piece of each pot. Again, like horse racing, the house doesn't win or lose and doesn't care who else wins or loses, it's cut is the same either way.

    So I agree the house has an edge--the issue is how much that edge effects a player's ability to win and I would say that is negligible.

  3. #3
    Since you're not playing against the house in live poker, how can you call it a "house edge"? It is not an edge, but a fee for using the table and the dealer. Call it a tax if you like.

    When I think if a house edge, I think of the difference between the true odds payoff, and the reduced payoff to the player which establishes the house edge. For example, on a roulette table with 36 numbers on the bet, a single number pays 35-to-1 which is less than true odds of 36-to-1 which establishes the house edge.

    In craps, a place bet on the 6 pays 7-to-6 instead of 6-to-5 which establishes the house "edge".

    Remember in live poker you only play against other players and the "rake" or fee charged by the casino can vary. Old timers here in LA remember when there was no "rake" and the players at a table paid a set fee per hour for use of the table and the dealer. In Vegas, many of the casinos have a lower rake than the casinos here in Los Angeles.

    Part of the rake at casinos might be a contribution to the bad beat jackpot. What players may not know is that they can elect not to be part of the bad beat jackpot pool, and their share of the rake is not collected. I've never heard of a player "opting out" so I have no idea how that refund is made, but perhaps once per revolution at the table the "opting out player" is refund a dollar.

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