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What are the odds of this?

February 7th, 2012 at 10:23:13 AM permalink
stalemated
Member since: Feb 6, 2012
Threads: 2
Posts: 11
I deposited $50 USD on 5bills, played their 6-deck single-hand blackjack. Walked off with

http://img831.imageshack.us/img831/4609/proofowin.jpg

2310. What are the odds, with a bankroll of $50, ending up with 2310?
February 7th, 2012 at 10:37:41 AM permalink
SOOPOO
Member since: Aug 8, 2010
Threads: 49
Posts: 1304
I'll be impressed when you cash out....
February 7th, 2012 at 11:09:36 AM permalink
stalemated
Member since: Feb 6, 2012
Threads: 2
Posts: 11
Quote: SOOPOO
I'll be impressed when you cash out....

I'm certainly hoping I don't run into any trouble with the casino. They might think I'm cheating with how lucky I got!
February 7th, 2012 at 11:19:59 AM permalink
MakingBook
Member since: Sep 19, 2011
Threads: 6
Posts: 36
Good luck cashing out.
February 7th, 2012 at 11:22:56 AM permalink
Wizard
Administrator
Member since: Oct 14, 2009
Threads: 309
Posts: 6700
Assuming no house edge, the probability of reaching x with a bankroll of y is y/x. In this case 50/2310 = 2.16%.
It's not whether you win or lose; it's whether or not you had a good bet.
February 7th, 2012 at 4:58:57 PM permalink
stalemated
Member since: Feb 6, 2012
Threads: 2
Posts: 11
Quote: Wizard
Assuming no house edge, the probability of reaching x with a bankroll of y is y/x. In this case 50/2310 = 2.16%.


Thank you very much! I didn't realize it was so simple.
February 9th, 2012 at 10:43:09 AM permalink
stalemated
Member since: Feb 6, 2012
Threads: 2
Posts: 11
Good news, cashed out today via wire. Paid in full! No problems whatsoever.

 

Bovada is the only Internet casino endorsed by the Wizard.
Here are my reasons why and my promise of support.