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BlackjackLover
BlackjackLover
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October 24th, 2018 at 1:40:56 PM permalink
The amount of money doesn't matter, but I wonder about the return. I played 5 hands. Was it just bad luck?
gamerfreak
gamerfreak
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October 24th, 2018 at 1:45:20 PM permalink
Quote: BlackjackLover

The amount of money doesn't matter, but I wonder about the return. I played 5 hands. Was it just bad luck?


Yup, bad variance.

Five hands (or 46?) is an extremely low sample size. The more hands you play the more you actual return will approach your theoretical return.
BlackjackLover
BlackjackLover
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October 24th, 2018 at 1:49:25 PM permalink
Five hands per round. I lost a lot of money very fast in those 46 rounds.
SOOPOO
SOOPOO
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October 24th, 2018 at 1:59:56 PM permalink
Quote: BlackjackLover

The amount of money doesn't matter, but I wonder about the return. I played 5 hands. Was it just bad luck?



There is no way to tell with certainty. Most likely bad luck. Sounds like (not clear from your original post) that you won around 15 of 46 hands. (Doubles, splits, BJs make it an approximation). Expected is around 21 or 22. 15 is bad luck, but I have had far worse runs....
billryan
billryan
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October 24th, 2018 at 2:13:07 PM permalink
Sometimes you get the bear, sometimes the bear gets you.
The older I get, the better I recall things that never happened
unJon
unJon
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IndyJeffrey
October 24th, 2018 at 2:17:18 PM permalink
Quote: billryan

Sometimes you get the bear, sometimes the bear gets you.

Sometimes you get the elevator, sometimes you get the shaft.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
BlackjackLover
BlackjackLover
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October 24th, 2018 at 2:42:51 PM permalink
Quote: SOOPOO

There is no way to tell with certainty. Most likely bad luck. Sounds like (not clear from your original post) that you won around 15 of 46 hands. (Doubles, splits, BJs make it an approximation). Expected is around 21 or 22. 15 is bad luck, but I have had far worse runs....


Overall, I won only 11 rounds. I lost 32 rounds. There were 3 pushes.
Face
Administrator
Face
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beachbumbabsIndyJeffreyRigondeaux
October 24th, 2018 at 3:03:31 PM permalink
Quote: unJon

Sometimes you get the elevator, sometimes you get the shaft.



Obligatory

The opinions of this moderator are for entertainment purposes only.
Ace2
Ace2
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BlackjackLover
October 24th, 2018 at 3:05:37 PM permalink
I get a per bet SD of 1.78 for 5 bets per hand.

So for 230 bets your result of -38% is about 3 SDs to the left of expectations (slightly more). A 3 SD event is about 1 in 370, so though it’s certainly a bad streak it’s not that rare at all for a regular player. In a weekend in Vegas I probably make 1,000 bets.

If you believe in clustering you should probably start betting big now. Lots of wins coming up after so many losses. This is not gamblers fallacy...totally different concept.
It’s all about making that GTA
7craps
7craps
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October 24th, 2018 at 4:10:22 PM permalink
Quote: Ace2

In a weekend in Vegas I probably make 1,000 bets.

Title says online, with no name given.
LOST A LOT OF MONEY IN 46 HANDS OF ONLINE BLACKJACK.

hope OP had some fun in all that
some might also say, "Better you than me"

who all trusts online blackjack games?
I see... not many

When I used to deal 21 in real casinos, last century, northern Nevada,
every time a player won a hand they thought it was their skill only
and
everytime a player LOST a hand, they ALWAYS blamed the dealer (In my case... ME!)

I was not even sexy like most of the female dealers around me
I hated dealing that game

Better LUCK next time
(imo, stay away from online play)
winsome johnny (not Win some johnny)
BlackjackGuy123
BlackjackGuy123
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October 24th, 2018 at 4:35:35 PM permalink
if u r playing with a negative edge they r gonna get u one day its just a question of sooner or later
OnceDear
OnceDear
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October 25th, 2018 at 2:02:10 AM permalink
Quote: BlackjackGuy123

if u r playing with a negative edge they r gonna get u one day its just a question of sooner or later

Hey BlackJackguy,
We do not have a 140 character limit here, nor do we have to pay by the letter. Please refrain from so many txt speak abbreviations.
Thanks in advance.
OD.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
BlackjackGuy123
BlackjackGuy123
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ZenKinG
October 25th, 2018 at 3:28:49 AM permalink
Quote: OnceDear

Hey BlackJackguy,
We do not have a 140 character limit here, nor do we have to pay by the letter. Please refrain from so many txt speak abbreviations.
Thanks in advance.
OD.



Don't be so bossy.
BlackjackLover
BlackjackLover
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October 28th, 2018 at 3:51:55 PM permalink
Quote: Ace2

I get a per bet SD of 1.78 for 5 bets per hand.

So for 230 bets your result of -38% is about 3 SDs to the left of expectations (slightly more). A 3 SD event is about 1 in 370, so though it’s certainly a bad streak it’s not that rare at all for a regular player. In a weekend in Vegas I probably make 1,000 bets.


I believe that the result was about 3.25 SDs below the expected return. Was I very unlucky or just unlucky?

Quote: Ace2

If you believe in clustering you should probably start betting big now. Lots of wins coming up after so many losses. This is not gamblers fallacy...totally different concept.


It's the gambler's fallacy:
Quote:

if something happens more frequently than normal during a given period, it will happen less frequently in the future


https://en.wikipedia.org/wiki/Gambler%27s_fallacy
Ace2
Ace2
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October 28th, 2018 at 5:56:09 PM permalink
Irony alert.
It’s all about making that GTA
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