GamblingGuy560
GamblingGuy560
  • Threads: 3
  • Posts: 4
Joined: May 9, 2011
August 24th, 2011 at 12:01:31 PM permalink
Hi everyone, I went up to my local indian casino recently and noticed that they had video blackjack that paid out 2 to 1 on blackjacks with the following rules:

Single Deck
No Doubling after Splitting
Aces can be Split only Once
Doubling restricted to totals of 10 or 11

Assuming that this was a fair machine, I was wondering, what kind of an edge would the player have for such a game given the 2 to 1 payout? Assuming this is a "fair" game of course, as I said earlier, this was at an Indian Casino and it seems hard to believe to me that they would offer such a player favored game. Especially since they do not offer cashback for video poker players.
sabre
sabre
  • Threads: 3
  • Posts: 1172
Joined: Aug 16, 2010
August 24th, 2011 at 12:19:04 PM permalink
99.99999999999999% likely that the machine does not pay out 2 to 1. It pays out 2 FOR 1.
MathExtremist
MathExtremist
  • Threads: 88
  • Posts: 6526
Joined: Aug 31, 2010
August 24th, 2011 at 12:20:33 PM permalink
It was probably "2 for 1", a.k.a. even money or 1 to 1. If it truly paid 2 to 1 on naturals, that gives you a player edge of at least 1%.
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
dummyGambler
dummyGambler
  • Threads: 4
  • Posts: 11
Joined: Feb 25, 2011
August 30th, 2011 at 2:30:08 PM permalink
sure? where?
Wizard
Administrator
Wizard
  • Threads: 1493
  • Posts: 26508
Joined: Oct 14, 2009
August 30th, 2011 at 2:36:01 PM permalink
I wish I had a dime for every time somebody Emailed me claiming that.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
AZDuffman
AZDuffman
  • Threads: 240
  • Posts: 13964
Joined: Nov 2, 2009
August 30th, 2011 at 2:38:39 PM permalink
Quote: Wizard

I wish I had a dime for every time somebody Emailed me claiming that.



I wish it was actually true!
All animals are equal, but some are more equal than others
gofaster87
gofaster87
  • Threads: 3
  • Posts: 445
Joined: Mar 19, 2011
August 30th, 2011 at 3:34:18 PM permalink
.....
  • Jump to: