Does cash back make this game +EV?
May 12th, 2013 at 3:42:31 AM
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If a book offers half a percent cash back ($0.005 or half a penny) per dollar bet, does this make the standard blackjack table +EV using basic strategy?
May 12th, 2013 at 4:14:49 AM
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Quote: gravity89If a book offers half a percent cash back ($0.005 or half a penny) per dollar bet, does this make the standard blackjack table +EV using basic strategy?
If the games EV is better than -0.5% return, then this will be +EV after cash back (Unless they decide to simply not honour it).
May 13th, 2013 at 10:26:31 PM
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I thought so. Interesting.
May 15th, 2013 at 1:17:54 AM
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Let's say the house edge on the game is 0.3% and the cash back program offers $0.005 or half a penny per dollar bet. This moves the edge in the player's favor to -0.2%, correct? So, Let's assume:
$10 per bet yields average of $0.02 (2 cents) return (That's 10 x 0.002%)
250 bets per hour = $5 per hour (0.02 x 250)
Someone please help me with the math on this, because it seems I'm missing something with the fractions/percentages/decimals here. Thank you :)
$10 per bet yields average of $0.02 (2 cents) return (That's 10 x 0.002%)
250 bets per hour = $5 per hour (0.02 x 250)
Someone please help me with the math on this, because it seems I'm missing something with the fractions/percentages/decimals here. Thank you :)
May 15th, 2013 at 5:17:52 AM
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This is cash back on loses?
May 15th, 2013 at 6:03:11 AM
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You would subtract .5% from all published HAs. The standard blackjack table ranges from .2 to .7% so it may make it +Ev depending on the rules of the game.
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May 15th, 2013 at 7:28:34 AM
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This is a cash-back loyalty program based on number of dollars bet, not on losses. I'm wanting to make sure my math is correct tho, seems too high to me for some reason. Can someone better at these types of calculations confirm what I posted above?
May 15th, 2013 at 9:12:34 AM
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Quote: gravity89This is a cash-back loyalty program based on number of dollars bet, not on losses. I'm wanting to make sure my math is correct tho, seems too high to me for some reason. Can someone better at these types of calculations confirm what I posted above?
The math is okay. The other question is, will they honor the cash back when they see you spend it only on 0.3%HE games.
