Gambling Highs And Lows
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High- (N = 22) and low- (N = 22) frequency gamblers were subjected to provocation with gambling or neutral stimuli prior to playing a poker machine. All S s used a minimum of AS$3 of their own money and played a machine currently in use in local clubs with a maximum major payout of AS$100.
Introduction
Definition of problem gambling. The concept of problem gambling should incorporate the ideas of both behavior and consequences (Delfabbro, 2009).In Australia, it has been agreed at a national level that problem gambling is characterized by difficulties in limiting money and/or time spent on gambling which leads to adverse consequences for the gambler, others, or for the community (Neal et al. Gambling becomes an addiction when it is something you or a loved one cannot control and when it begins to affect a person’s financial, familial, social, recreational, educational, or occupational functioning. 1,2 Gambling addiction, much like some forms of substance addiction, is associated with a release of dopamine in the brain as much as. With the world of gambling we all have our highs and lows. Sometimes they come with winnings; sometimes with boneheaded mistakes we have made. I wanted to start this thread to see what some of your highs and lows are in regards to online gambling.
High Low is a game found at various Internet casino. It goes by different names. For example, BetSoft calls it Draw Hi-Lo. This version addresses the game by iSoftBet. They can't seem to agree on its name either, referring to it as High Low, Casino High Low, and Las Vegas High Low. Since 'casino' is too general and I've never seen the game in Las Vegas, I'm going to call it just 'High Low.'
Whatever you call it, it is a simple game where the player bets whether the next card in the deck will be higher or lower than the current card. The odds are roughly commensurate with the probability of winning.
Rules
- I do not know the number of decks used, however it doesn't make a difference mathematically, if you ignore ties.
- Cards are ranked as in poker, except aces are always low.
- The player is given a random card. As long as it is a 2 to queen, the player will be given the choice to bet whether the next card will be higher or lower.
- If the player is correct, then he will be paid according to the pay table below. In the event of a tie, the bet shall push (contrary to what the table felt says). In the event the player guesses incorrectly, then he will lose.
- Except for the first decision, the player may quit at any time and collect his winnings to that point.
Following is the pay table. All wins are expressed on a 'for one' basis.
High Low Pay Table
| Card | Low Pays | High Pays |
|---|---|---|
| 2 | 10.7 | 1.1 |
| 3 | 5.3 | 1.1 |
| 4 | 3.5 | 1.1 |
| 5 | 2.6 | 1.3 |
| 6 | 2.1 | 1.5 |
| 7 | 1.87 | 1.87 |
| 8 | 1.5 | 2.1 |
| 9 | 1.3 | 2.6 |
| 10 | 1.1 | 3.5 |
| J | 1.1 | 5.3 |
| Q | 1.1 | 10.7 |
Strategy
Here is the optimal strategy for High Low for the non-card counter:
- 2, 3, 10: High
- 4, J, Q: Low
- 5 - 9: House edge same either way
Analysis
The following table shows the house edge of both the low and high option for all ranks for the non-card-counter.
Higher Analysis
| Card | House Edge Low | House Edge High |
|---|---|---|
| 2 | 10.20% | -0.78% |
| 3 | 10.98% | 7.84% |
| 4 | 11.76% | 16.47% |
| 5 | 12.55% | 12.55% |
| 6 | 11.76% | 11.76% |
| 7 | 6.12% | 6.12% |
| 8 | 11.76% | 11.76% |
| 9 | 12.55% | 12.55% |
| 10 | 16.47% | 11.76% |
| J | 7.84% | 10.98% |
| Q | -0.78% | 10.20% |
You saw it right that the house edge is negative for above a 2 and below a queen. That means the player has a 0.78% advantage. Unfortunately, the player must always play the first card, good or bad.
Strategy
If you must play, I would suggest following the strategy above on the first card. Play on if the next card is a 2 or queen, otherwise collect and start over.
Similar Games
Gambling Highs And Lows Low
- High Low by BetFair
- Draw Hi Lo by BetSoft
- Hi Lo by Playtech.