Two hands
December 11th, 2016 at 5:23:29 AM
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If I have 1% advantage and bet one hand of $100 I expect to win over the long term $1 per hand.
If I play two hands of $100 what can I expect for ?
If I play two hands of $100 what can I expect for ?
December 11th, 2016 at 1:42:53 PM
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With an edge you want to reduce variance.
Two hands of $100 is better than one hand of $200 due to lower variance.
two $100 hands, at the same time or one after the other are all the same thing.
The EV is always edge times total amount that you bet. So for $200 it is $2, the same as two $100 bets. It's the variance - meaning how much sheer luck will dominate - is what is not the same.
Two hands of $100 is better than one hand of $200 due to lower variance.
two $100 hands, at the same time or one after the other are all the same thing.
The EV is always edge times total amount that you bet. So for $200 it is $2, the same as two $100 bets. It's the variance - meaning how much sheer luck will dominate - is what is not the same.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
