Can anyone correlate house edge to percentage of losing hands over time?
October 4th, 2016 at 4:09:39 PM
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I often see house edge expressed as the percentage of every dollar one will lose over many hands.
But can anyone correlate it to the percentages of hands one should expect to lose/push/win after many iterations of play assuming, say, a .5 house edge?
But can anyone correlate it to the percentages of hands one should expect to lose/push/win after many iterations of play assuming, say, a .5 house edge?
October 4th, 2016 at 4:42:12 PM
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Quote: sidewaysI often see house edge expressed as the percentage of every dollar one will lose over many hands.
But can anyone correlate it to the percentages of hands one should expect to lose/push/win after many iterations of play assuming, say, a .5 house edge?
HE doesn't necessarily compare to wins. Each game has a different probably of winning, losing, and pushing. Bets paying different amounts like a BJ or double change that number.
Expect the worst and you will never be disappointed.
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October 4th, 2016 at 6:52:03 PM
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Pretty much what Gwae said
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October 4th, 2016 at 10:31:34 PM
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Wizard of odds site has BJ tables & graphs & info and whatnot. Probably what you're looking for. (Sorry I'm too lazy to link.)
October 5th, 2016 at 6:04:40 AM
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Quote: WizardofnothingPretty much what Gwae said
Exactly. What the bet pays has to be taken into account - and if it's a bet that has many possible payouts, like video poker, then it's harder to convert HE to probability.
Let's say you're making a bet that has probability P of winning.
If the bet pays (0.99/P - 1) to 1 odds, then the HE is 1%.
As you can see, the odds of winning the bet can be anything.
