Lost a lot of money in 46 hands of online Blackjack. The return was only about 62%. Is this normal?
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Quote: BlackjackLoverThe 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.
Quote: BlackjackLoverThe 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....
Sometimes you get the elevator, sometimes you get the shaft.Quote: billryanSometimes you get the bear, sometimes the bear gets you.
Quote: SOOPOOThere 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.
Quote: unJonSometimes you get the elevator, sometimes you get the shaft.
Obligatory
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.
Title says online, with no name given.Quote: Ace2In a weekend in Vegas I probably make 1,000 bets.
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)
Hey BlackJackguy,Quote: BlackjackGuy123if u r playing with a negative edge they r gonna get u one day its just a question of sooner or later
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.
Quote: OnceDearHey 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.
Quote: Ace2I 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: Ace2If 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
