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Stat 35b: Introduction to Probability with Applications to Poker Outline for the day: 1.Straight draws. 2.HW2 clarification. 3.Greenstein vs. Farha AA.

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Presentation on theme: "Stat 35b: Introduction to Probability with Applications to Poker Outline for the day: 1.Straight draws. 2.HW2 clarification. 3.Greenstein vs. Farha AA."— Presentation transcript:

1 Stat 35b: Introduction to Probability with Applications to Poker Outline for the day: 1.Straight draws. 2.HW2 clarification. 3.Greenstein vs. Farha AA vs. KK. 4.Odds ratios. 5.Random variables. Read through chapter 2! No class Mon Jan 20, MLK day.   u 

2 1. More counting problems: straight draw example World Series of Poker Main Event 2005, Day 1, from cardplayer.com: With the board showing 10  9  5  Q , Chris "Jesus" Ferguson moves all in. Kalee Tan calls. Ferguson shows Q-Q for a set of queens, and Tan flips up J-8 for a queen high straight. Ferguson needs the board to pair in order to stay alive. The river is the 8 , no help to Ferguson, and he is eliminated on Day 1. Kalee Tan drags the pot with uncontrollably shaky hands as Ferguson heads to the rail. Q: What is the probability of flopping an open- end straight draw, given you have J-8? What about J-9 or J-T?

3 A: For J-8, you need the flop to be KQT or T9x or 976 or 765. Consider the case where x is T or 9 separately (x ≠ Q or 7!). So the probability is: P( KQT or TT9 or T99 or T9x or 976 or 765 ) = 4 x 4 x 4 + C(4,2) x 4 + C(4,2) x 4 + 4 x 4 x 34 + 4 x 4 x 4 + 4 x 4 x 4 C(50,3) = 4.0%, or 1 in 25. A: For J-9, you need KT7 or T8x or QTx or 876, so it’s P( KT7 or TT8 or T88 or QQT or QTT or T8x or QTx or 876) = 64 + [C(4,2) x 4] x 4 + [4 x 4 x 34] x 2 + 64 C(50,3) = 6.7%, or about 1 in 15.

4 A: For J-T, you need: KQx, Q9x, 98x, AQ8, K97, KKQ, KQQ, QQ9, Q99, 998, or 988. So the probability is: 3 x [4 x 4 x 34] + 2 x [4 x 4 x 4] + 6 x [C(4,2) x 4] C(50,3) = 9.71%, or about 1 in 10.

5 2. Hw2: 2.6, 2.9, 2.10, 2.18, 3.2, 3.6. Read up through ch.3. On 2.18, let me explain a bit what I mean in this problem. Suppose the board is K  Q  10 u 6  3 u and you have A  J . Then you have the nuts, and your 5-card hand is an ace-high straight (AKQJT).. Suppose instead that the board is K  Q  7 u 6  3 u. Then if you have 5  4 u you have the nuts, and your 5-card hand is a 7-high straight (76543). A 7-high straight is worse than an ace-high straight, in the sense that it is outranked by an ace-high straight in the hand rankings. Now, if the board is K  10  7 u 3  2 u, and you have K u K , then you have the nuts, and your 5-card hand is three kings: KKKT7, which is a worse hand than a 7-high straight. This question is asking: how far can you go with this? Can you think of a different board, so that it is possible that the nuts is a 5-card hand even worse than KKKT7? What is the worst possible?

6 3. Greenstein and Farha. 4. Odds ratios: Odds ratio of A = P(A)/P(A c ) Odds against A = Odds ratio of A c = P(A c )/P(A). Ex: (from Phil Gordon’s Little Blue Book, p189) Day 3 of the 2001 WSOP, $10,000 No-limit holdem championship. 613 players entered. Now 13 players left, at 2 tables. Phil Gordon’s table has 5 other players. Blinds are 3,000/6,000 + 1,000 antes. Matusow has 400,000; Helmuth has 600,000; Gordon 620,000. (the 3 other players have 100,000; 305,000; 193,000). Matusow raises to 20,000. Next player folds. Gordon’s next, in the cutoff seat with K  K  and re-raises to 100,000. Next player folds. Helmuth goes all-in. Big blind folds. Matusow folds. Gordon’s decision…. Fold! Odds against Gordon winning, if he called and Helmuth had AA?

7 What were the odds against Gordon winning, if he called and Helmuth had AA? P(exactly one K, and no aces) = 2 x C(44,4) / C(48,5) ~ 15.9%. P(two Kings on the board) = C(46,3) / C(48,5) ~ 0.9%. [also some chance of a straight, or a flush…] Using www.cardplayer.com/poker_odds/texas_holdem,www.cardplayer.com/poker_odds/texas_holdem P(Gordon wins) is about 18%, so the odds against this are: P(A c )/P(A) = 82% / 18% = 4.6 (or “4.6 to 1” or “4.6:1”)


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