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Can you say how likely this game is fair?

September 20th, 2011 at 2:54:41 PM permalink
SejaPena777
Member since: Sep 20, 2011
Threads: 1
Posts: 2
Hello Wizard.
i flatbetted 1 unit at BJ game with 99.5% return for about a month.



Sample size may be small.Can you say mathematically how likely this game is fair ?
Session 7 number suppose to happen only 1 in 5000 if this game is fair.
Total loss happens only 3% ,2 sigma event.
I know it can happen in fair games.However out of 8 session 3 sessions were ended with more than 1 standard deviation loss .
One is more than 3 standard deviation loss.I feel it is less likely a fair game.
I want the opinion of someone like Wizard who has deeper mathematical knowledge than me.
Please do not comment about negative expectation of the game.I know I lose 0.5% from the game itself in a long run if it is fair.
It is not the point of the question.
Hand played P/L Probability of Loss
Session 1 540 -40 7.99%
Session 2 486 -40 6.78%
Session 3 90 +12
Session 4 270 +4
Session 5 72 +10
Session 6 36 +10
Session 7 216 -60 0.02%
Session 8 158 +5
Total 1868 -99 3.46%

 

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