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Analysis of PartyPoker Sidebet

Party Poker Sidebet Analysis

Introduction

With their latest update Party Poker have introduced a new betting option named 'Sidebet'. A Sidebet is a bet on the whether the flop will be all of one color and is available on all real money and single table tournament Hold'em and Omaha tables. In this article I will analyze this Sidebet and how much the player is expected to win or lose for every dollar bet.

Details

A wager is placed before any cards are dealt on one of two options - whether the flop will be all red or all black. A bet of $5 or $10 can be selected and if successful pays out at 8 for 1, which is equivalent to odds of 7 to 1. This means for every $1 risked the player stands to collect $8(win $7) if the bet wins.

Analysis of Bet

Whether you decide to bet on red or black the odds of success are the same as there is an equal number of each color in a deck of cards.

Using the standard formula for selection without replacement we calculate the expected win/loss for the player as follows:
Probability of winning = 26/52 * 25/51 * 24/50 = 0.117647059
Probability of losing = 1 - 0.117647059 = 0.882352941
Expected win/loss for player = (+$7 * 0.117647059) + (-$1 * 0.882352941) = -$0.058823529 for every dollar bet

Conclusion

At close to a 6% disadvantage the new 'Sidebet' game introduced by Party Poker is relatively expensive in comparison to other gambling options.

We offer as much information on new game varieties like Party Poker's 'Sidebet' option and others to give you all the details you need to see if it is right for you. If you like the chances of having one more way to win money during your game, then the Sidebet at Party Poker is a great option, and you can find out all about the other features of this great gaming website here on our pages. We only list poker rooms that have the best security and customer service along with dependable and easy to use software. We also require every poker room site we list to have excellent graphic and sound quality. These are unwavering demands that we place on qualifying online poker sites before we consider listing them. We are strict about those qualities because those are things that can be difficult for new players to determine just from a search engine listing, and they are the features of a poker room that have the biggest impact on your overall enjoyment of your game time. Once we have determined the quality of a poker room, we then give you a complete breakdown of all of the optional features that players use to tailor the sites they play to their preferences. These include such things as the amount of bonuses, the number and level of tournaments, the traffic volume and game variety.

Look around and pick a poker room by reading the reviews on our site to be sure you get the best quality and safety features. The poker rooms have many extra bonuses and features like Party Poker's Sidebet that let you build a winning bank and play your favorite games right from your own home. Get started today.