Wiz's 1% Advantage Coin-Flip Simulation

Wiz -

OK. I understand the low priority thing.

Thanks for the reply / clarification.

You're welcome.

Isn't +1% edge too low to play big?
The Kelly criterion keeps you safe from ruin.
Fluctuations are bold when your edge is 1%.
The HE is 2,7 or 5,27% but they play against hundread of playears at the same time for many hours a day.
It becomes an ordeal to cope with a +1% edge.
I'm taking only advantage situations.
We know the regular player loses the house edge %.
The smarter idea is to find a more biased coin.
When and how you know the biased coin gives you +1%?. You'd need to test it before. And a 1% edge is so low that it would be easy to vanish for several days or weeks.

Quote: ybot

Isn't +1% edge too low to play big?
The Kelly criterion keeps you safe from ruin.
Fluctuations are bold when your edge is 1%.
The HE is 2,7 or 5,27% but they play against hundread of playears at the same time for many hours a day.
It becomes an ordeal to cope with a +1% edge.
I'm taking only advantage situations.
We know the regular player loses the house edge %.
The smarter idea is to find a more biased coin.
When and how you know the biased coin gives you +1%?. You'd need to test it before. And a 1% edge is so low that it would be easy to vanish for several days or weeks.

almost everything you said is completely wrong.

Ok, I might be wrong. where?
And, where was I right?

Quote: ybot

It becomes an ordeal to cope with a +1% edge.

The only "ordeal" you'd have with a 1% edge is finding enough banks to deposit your millions in.

Have you ever played with 1% edge?
What do you mean by "findind enough banks to deposit your millions in"?

Quote: ybot

Have you ever played with 1% edge?
What do you mean by "findind enough banks to deposit your millions in"?

FDIC only covers the first quarter-mill.

No, I have never played with a 1-percent edge every decision, available as long as I wanted, with significant table limits, and the ability to play as much as I wanted. Else I would be posting this from my fleet of yachts.

1% edge would have to work hard to give you a yacht.
There are many AP who have +1% edge, just take a look at BJ card counter players

Quote: ybot

1% edge would have to work hard to give you a yacht.
There are many AP who have +1% edge, just take a look at BJ card counter players

Comparing the advantage posted about in this thread to card counting is absurd.

In fact you wouldn't have to work hard to get a yacht with a 1% edge, which is exactly what the wizard proved with his program.

I think you missed the entire point of this thread.