I should correct this.  I forgot that if the two cards dealt have the same rank, the bank takes half of the money that the punters bet on that rank.  This is a more important house advantage than the odds on "calling the turn" of the last three cards.
 
A Nabokov connection is that faro is related to lansquenet, which is mentioned in Pale Fire.
 
Jerry Friedman

On Tue, Apr 2, 2013 at 9:18 AM, Jerry Friedman <jerryfriedman1@gmail.com> wrote:
This book discusses the game of faro in The Queen of Spades, including the reference to mirandole:

http://books.google.com/books?id=9dD4E1Yv8dsC&pg=PA170

The game seems to be the same as that described in the "Hoyle" I have: a punter bets on a rank, and then the cards are dealt alternately into "win" and "lose" piles.  If the first card of that rank falls on the "win" pile, the punter wins; if not, he loses.

The calculation of the house advantage is very simple (there isn't one except for the last three cards), and a precocious child might be interested in it.
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