6 and 8
a) $18 place bet on 6 and $18 place bet on 8
b) $36 place bet on 6 (or 8)
Two single bets reduces variance.
One double bet is much better if it hits and the other doesn’t, and much worse if it doesn’t hit and the other does.
Quote: DJTeddyBearDefine ‘better’.
link to original post
Two single bets reduces variance.
One double bet is much better if it hits and the other doesn’t, and much worse if it doesn’t hit and the other does.
Perfect answer.
Quote: DJTeddyBearDefine ‘better’.
link to original post
Two single bets reduces variance.
One double bet is much better if it hits and the other doesn’t, and much worse if it doesn’t hit and the other does.
How about which is better (profit) after 1,000 or 10,000 rolls?
Quote: ChapzQuote: DJTeddyBearDefine ‘better’.
link to original post
Two single bets reduces variance.
One double bet is much better if it hits and the other doesn’t, and much worse if it doesn’t hit and the other does.
How about which is better (profit) after 1,000 or 10,000 rolls?link to original post
After 1,000 or 10,000 rolls you will lose money. The house has an edge on every bet.
Quote: AlanMendelsonQuote: ChapzQuote: DJTeddyBearDefine ‘better’.
link to original post
Two single bets reduces variance.
One double bet is much better if it hits and the other doesn’t, and much worse if it doesn’t hit and the other does.
How about which is better (profit) after 1,000 or 10,000 rolls?link to original post
After 1,000 or 10,000 rolls you will lose money. The house has an edge on every bet.link to original post
Assume we have a bankroll to survive 10,000 rolls, which would ruin faster?
Quote: ChapzQuote: AlanMendelsonQuote: ChapzQuote: DJTeddyBearDefine ‘better’.
link to original post
Two single bets reduces variance.
One double bet is much better if it hits and the other doesn’t, and much worse if it doesn’t hit and the other does.
How about which is better (profit) after 1,000 or 10,000 rolls?link to original post
After 1,000 or 10,000 rolls you will lose money. The house has an edge on every bet.link to original post
Assume we have a bankroll to survive 10,000 rolls, which would ruin faster?link to original post
I'm going to guess betting only on one number will lose faster.
