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Home » Forums » Questions and Answers » Math » Need Help Calculating House Edge On Never Seen Before SIDE BET
Need Help Calculating House Edge On Never Seen Before SIDE BET
| December 9th, 2011 at 10:25:06 AM permalink | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CrystalMath Member since: May 10, 2011 Threads: 3 Posts: 476 | Here is what I calculate for the probability of each red streak given a specific number of decks. At the bottom, you can see the house edge, which seems to be about what we would expect for a side bet with these types of pays. When the pays get really high, then we expect a greater house edge.
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| December 9th, 2011 at 11:01:05 AM permalink | |
| thecesspit Member since: Apr 19, 2010 Threads: 38 Posts: 3108 | Course the next question is, is it countable? How big would the red bias have to be to make the bet positive EV... "Then you can admire the real gambler, who has neither eaten, slept through nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire, for a coup at trente-et-quarante" - Honore de Balzac, 1829 |
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