Dantheman
Dantheman
Joined: Apr 21, 2015
  • Threads: 19
  • Posts: 53
December 17th, 2015 at 10:17:47 PM permalink
I am trying to work out how often there is a difference of 10 or more wins/ losses betting everyhand in baccarat?
Is there a formula to calculate this?
OnceDear
Administrator
OnceDear
Joined: Jun 1, 2014
  • Threads: 51
  • Posts: 6339
December 18th, 2015 at 2:30:13 PM permalink
Quote: Dantheman

I am trying to work out how often there is a difference of 10 or more wins/ losses betting everyhand in baccarat?
Is there a formula to calculate this?


Are you? Or are you hoping that someone can give you a magical number that will validate some winning progressive system.
Dan, I follow your threads. Knock it on the head mate. NO SUCH HOLY GRAIL EXISTS.
Beware. The earth is NOT flat. Hit and run is not a winning strategy: Pressing into trends IS not a winning strategy: Progressives are not a winning strategy: Don't Buy It! .Don't even take it for free.
charliepatrick
charliepatrick
Joined: Jun 17, 2011
  • Threads: 35
  • Posts: 2577
December 18th, 2015 at 2:36:34 PM permalink
Quote: Dantheman

I am trying to work out how often there is a difference of 10 or more wins/ losses betting everyhand in baccarat?
Is there a formula to calculate this?

Yes.

The simplest method is to use
N = Number of hands
P = probability of the result
Q = (1-P)
Average = N P
Std Deviation = SQRT ( N P Q )
Now use normal distribution to work out which tail you're looking at ( see https://en.wikipedia.org/wiki/Standard_normal_table or the first question at http://wizardofodds.com/ask-the-wizard/baccarat/ ).

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