Apr 18, 2013 Well, let’s answer the following question to find out. Let’s answer this question by going over the odds of each game. The odds in Blackjack are actually some of the best odds you’ll find in a table game. Blackjack has a very small house edge of anywhere between 0.20% and 0.63% depending on the number of cards decks in play.
Is there a good source to find out the best betting options?
Yeah, but you're already here.Are the odds that bad against the player? What about Baccarat? What games other than Blackjack are good odds?
Here is a list of the House Edges, by game, for many of the most popular games:
http://wizardofodds.com/gambling/house-edge/
If you bet Banker on Baccarat, you have a House Edge of 1.06% working against you. If you bet $5, your expected loss is $0.053/hand. However, if your main concern is recreational play, and you wish to consider loss-per-hour, then you should know that Baccarat can often play fast and the Table Minimums are usually greater than $5, except for some Video Baccarat games.
The House Edge on Let it Ride is 3.51%, except, if the Minimum is $5, then you must bet $15 initially. Your expected loss on $15 is $0.5265, making Let it Ride a terrible game. Some paytables are worse than others. The Three Card Bonus bet usually sucks even worse than the main game, in terms of House Edge, however, the Borgata in AC offers the 2.14% House Edge version, which is a lower House Edge than Let It Ride.
Pass/Don't Pass and Come/Don't Come bets at Craps can have a lower House Edge than Baccarat, depending on how you look at it. Some people like to include the Odds they can Take/Lay in the determination of the House Edge, and all Odds bets have a House Edge of 0.00%, so some say that brings down the effective House Edge of the overall play. I disagree, personally. While the Pass/Don't or Come/DC bets are necessary to make an Odds bet, I view them as completely separate bets because the Odds bet itself is not necessary. Thus, I few Craps as a game with a higher House Edge than Baccarat.
Blackjack has a very low house edge, but that House Edge also relies upon Optimal Strategy. The Optimal Strategy for Let it Ride is a comparative cakewalk, and in Baccarat or Craps, you simply make the bets. Some people play Blackjack at a higher effective House Edge due to sub-Optimal play.
Best Odds In Blackjack
Hi, I play let it ride at the Horseshoe Casino in Cincinnati, they have of course your standard 3 equal bets, but they also have a '3 card bonus' bet that is just the 3 cards in your hand, players there were telling me that they double the bet from the 3 equal bets with the '3 card bonus' does that make sense odds wise?
Also it is a progessive game (for all five cards) that the wager is $1, I know you called the 5 card side bet a sucker bet, but what about as a progessive game?
It is very similar to the game at the following link
http://www.let-it-ride-online.com/?gclid=COrAnZWIsbwCFWJlMgodUC0A5g
Thanks a lot
Let It Ride Odds Payout
Do you like the 3 Card bet? Then play it.If the pay table is 40-30-6-3-1, which is the most common, then you're bucking about a 7% house edge. The base game is about 3%, so you might be better off doubling up on the base game.
The button bet ($1) is there to grind your bankroll. Many LiR table have a $50k max payout; if you're playing $10, you might not get paid all the progressive. The only way it works to make you feel the win is on full houses and quads. Sometimes I play it, sometimes I don't.
The Borgata in AC has a pay table of 50-40-30-6-4-1, which is about a 2% house edge. in that case, the 3 Card bet is better than the base game.
Let it Ride can be very volatile. You can blow through your buy-in without winning a hand, or you can win every other hand with no-brainers (the term for a pair of 10s or better). It's best to buy in with a small amount, like $100 or $200, and play the minimum, and don't rebuy if you tap out. Play the button or don't, it doesn't matter, just don't rebuy if you tap out.
Is there a good source to find out the best betting options?
At a Let It Ride table you're not gonna find any. And if a 'source' does say there is, they are wrong
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Rules & Strategy
Let It Ride
Similar in nature (if not in practice) to Caribbean Stud, Let it Ride is another popular poker variant found in one form or another in most of the major land-based and online casinos. Again, it is exceedingly simple in theory, with only a few actions taken during each round of play. The rules are as follows:
• Play begins after each participant places three bets of equal size in the three wager circles typically marked 1, 2 and $.
• Each player is then dealt three cards face down. Two additional “community cards” are dealt face down in front of the dealer.
• Players next examine their cards and decide whether or not to let the bet #1 remain or remove it from risk.
• The dealer then reveals one of the two community cards.
• Again, each player may then let the remaining two bets ride, or remove bet #2. This action is regardless of the initial decision.
• Finally, the second community card is exposed and all players are paid according to the table’s payout schedule.
Let it Ride Standard Payout Schedule
Hand / Payout
Royal Flush / 1000-1
Straight Flush / 200-1
Four of a Kind / 50-1
Full House / 11-1
Flush / 8-1
Straight / 5-1
Three of a Kind / 3-1
Two Pair / 2-1
Pair of 10s or better / 1-1
Variations on a Theme
As with Caribbean Stud, there have been few changes to the general play structure for the online casino version of Let it Ride. The biggest changes include altered pay structures and, in some cases, the addition of a progressive jackpot feature. Alternative names are also common for online versions of Let it Ride and include Free Ride, Let ‘em Ride, and Let Them Ride.
Alternate payout structures found online include:
Let it Ride: Alternative Pay Structures
Hand / Table 1 / Table 2 / Table 3 / Table 4
Royal Flush / 500-1 / 500-1 / 250-1 / 200-1
Straight Flush / 200-1 / 100-1 / 50-1 / 100-1
Four of a Kind / 50-1 / 25-1 / 25-1 / 40-1
Full House / 11-1 / 15-1 / 12-1 / 15-1
Flush / 8-1 / 10-1 / 10-1 / 9-1
Straight / 5-1 / 5-1 / 8-1 / 5-1
Three of a Kind / 3-1 / 3-1 / 3-1 / 3-1
Two Pair / 2-1 / 2-1 / 2-1 / 2-1
Pair of 10s or better / 1-1 / 1-1 / 1-1 / 1-1
Some casinos also offer as part of the wagering options in Let it Ride a $1 progressive side bet similar to that of Caribbean Stud poker. The typical payout structure for that is:
Let it Ride: $1 Progressive Wager
Hand Payout
Royal Flush / 100%
Straight Flush / 10%
Four of a Kind / $500
Full House / $100
Flush / $50
Winning at Let it Ride
The strategy associated with Let it Ride centers around the first four cards, and the first two betting circles. It is here that the player must decide whether or not the cards are strong enough to warrant the aggressive play to “let it ride.”
The first decision comes after you have received the cards and can see their potential value. Since we know three fifths, or 60% of the possible hand, we can make some pretty good assumptions about the likely outcome for that hand. With these assumptions, we make the decisions concerning our bets.
Sometimes the decision is an easy one. For example, if dealt three kings, it doesn’t take a brain surgeon to figure out that it’s probably a good idea to “let it ride.” This is a winning hand, and has a guaranteed payout worth at least three times each bet, and with some luck, that hand may even improve to a full house, or better. On the other side of the coin, we may be dealt such a poor hand that it would be best to take back as many bets as possible, and wait for better cards.
Other times, we’re given hands that have yet to guarantee success, but hold enough potential to justify continued wagering—such as three cards to a royal flush. Here is the basic three-card strategy for Let it Ride.
Let it Ride: Three Card Strategy
First Three Cards Let it Ride Remove Bet
Pair of 10’s higher / Yes No
Three of a Kind / Yes No
3 card Straight Flush / Yes No
3 card Royal Flush / Yes No
Flush/Straight with two 10 value cards / Yes No
J,9,8/10,9,7/10,8,7 (suited) / Yes No
K,Q,J/Q,J,10 / Yes No
Pairs 2-9 / No Yes
9,10,J / No Yes
A,K,Q / No Yes
All Others / No Yes
From three-card strategy, we move on to the next stage of the game and another round of decision making: four-card strategy.
Just as with three-card strategy, four-card strategy is based on the potential for completing a winning hand. We play only those hands where 1). We have already made a winning hand or, 2). We have a positive expectation for completing a winning hand. In any other situation the remaining questionable bet is removed. The rules for playable four-card hands are:
• Four of a Kind. Since this hand is a guaranteed winner, paying out at an optimal 50-1, there is no question that for this hand you should let your bets ride.
• Three of a Kind. Not only is this an excellent hand to be sitting with because of a guaranteed a payout of 3-1 for each of your bets, it also has room to become an even better hand, such as four of a kind, or a full house.
• Two Pair. Since this hand is also a definite winner (paying out at 2-1) it should be played.
• Pair of 10’s or Higher. This is one of the more common winning hands that you will see, occurring about 20% of the time. Let the bet ride.
• Four Cards to a Royal Flush. While not be a guaranteed winner, there are so many possibilities that it is best to let the bet ride in this case. Potential completed hands include a royal flush, straight flush, flush, straight or high pair.
• Four Cards to a Straight Flush. While this hand may not have the same extended possibilities as four to a royal flush, it still can yield some excellent results including a straight flush, flush, straight, and high pair, depending on the value of the cards.
• Four to a Flush. Since you’ve already beaten the 23-1 odds on filling a flush with three cards, and reduced the odds to about 4½ -1 for a hand that will pay 8-1, you’ve got the makings of a good statistical edge. This hand may also be assisted with any high cards that could result in a winning pair.
• Four Cards to an Open Ended Straight. This hand also has possibilities and should be played, though without any high cards there will be no winning pairs possible, eventually balance out mathematically in the long run. The odds for drawing the fifth card to an open-ended straight are 5-1, the exact odds that this hand pays out. Neither you, nor the casino has the edge for this hand.
• Four Cards to a High Straight. This is the most marginal of all the playable hands. The odds for drawing to an inside straight are 11-1 against you, but that value is buffered by the amount of high cards that comprise the hand, which could yield a winning pair.
These rules comprise the basic strategy for Let it Ride. Any hands that do not meet these guidelines should never be played, no matter how tempting or “attractive” they look; nor should you play them because of a “hunch.” To do so will send the house edge soaring.
Rules & Strategy – Let It Ride
Rules & Strategy Let It Ride Similar in nature (if not in practice) to Caribbean Stud, Let it Ride is another popular poker variant found in one form or another …