johnlow
johnlow
Joined: Nov 22, 2020
  • Threads: 1
  • Posts: 1
November 22nd, 2020 at 9:50:24 AM permalink
Hi, first of all, thank you to the wizard and the community for making this journey an educational and enjoyable one.

I just have one question on the information provided on the wizard's page,
/gambling/oscars-grind/

Quote
"Simulation Results
To show what to expect from using Oscar's Grind, I wrote a simulation that followed the rules above, based on various bets and games. The simulation used a Mersenne Twister random number generator. For each simulation, the winning goal was ten units. I tested the simulation on the following bankrolls: 10, 25, 50, 100, 250, and 500 units.

The first simulation is based on betting the Player bet in baccarat. The simulation size is over 37 billion sessions. As a reminder, the theoretical house edge on the Player bet is 1.235%."

If then shows a table

STATISTIC / Probability winning goal reached
10 UNITS: 90.17%
25 UNITS: 95.65%
50 UNITS: 97.69%
100 UNITS: 98.77%
250 UNITS: 99.46%


Do I interpret this as,

If I had only 10 Units and I wanted to achieve a winning goal of 10 units, I would have achieved it 90.17% of the time?

And if I had 250 Units, I would achieve a winning goal of 10 units, 99.46% of the time.

Or is there confusion that the winning goal is the 1 unit win goal for Oscar Grind, and not 10 units?

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