APEppink
APEppink
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Joined: Aug 20, 2013
April 8th, 2016 at 5:24:04 PM permalink
Done anyone think it possible to consistently turn long term 'short term' profits on any game at all (physical or online) with a tiny negative expectation? E.g. Bovada online's single deck BJ game has a house percentage of only 0.0000956 (0.0096%, $9.56/$10k) per The Wizard. I'd think standard deviation and hence variance might push you over the top for extended periods (years?), especially with random extreme bet size variation.
ThatDonGuy
ThatDonGuy
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Joined: Jun 22, 2011
April 8th, 2016 at 6:14:14 PM permalink
It depends on what you mean by "consistently." There's no guarantee of coming out ahead, but the lower the HE, the better the chance of, say, a Martingale working enough times to cover the losses.

Remember that variance works both ways - and the center point is still is in the house's favor.
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