MathsMarie
MathsMarie
Joined: Jun 10, 2012
  • Threads: 6
  • Posts: 22
June 21st, 2012 at 9:33:08 PM permalink
Hello!
So I was working on an imaginary casino model similar to beat the dealer, however I got stuck when trying to determine what would be the most profitable results from the casino's perspective. That's when I asked one of my dad's friends, who is a mathematician, if he could help me. I expected a really simple suggestion but instead, based on my different probabilities, he made a table for me.
Of course I pretended to understand and nodded every time he looked at me as in "Of course! That's obvious!" But the truth is I do not understand a thing so I wanted to as if anyone can understand this?

Result Winning Losing
Probability 0.74537 0.25463
Total outcome 10 x

Expected
profit
payment per
game
Average
loss per game
0 10 -29.3
1 10 -25.3
2 10 -21.4
3 10 -17.5
4 10 -13.6
5 10 -9.6
6 10 -5.7
7 10 -1.8
8 10 2.1
9 10 6.1
10 10 10.0
11 10 13.9
12 10 17.9
13 10 21.8
14 10 25.7
15 10 29.6
16 10 33.6
17 10 37.5
18 10 41.4
19 10 45.3
20 10 49.3

Payback to player
39.3
35.3
31.4
27.5
23.6
19.6
15.7
11.8
7.9
3.9
0.0
-3.9
-7.9
-11.8
-15.7
-19.6
-23.6
-27.5
-31.4
-35.3
-39.3

Thanks!
If you can't dazzle 'em with brilliance, baffle 'em with bullshit.-Someone
FleaStiff
FleaStiff
Joined: Oct 19, 2009
  • Threads: 260
  • Posts: 13511
June 22nd, 2012 at 3:48:55 AM permalink
Thank you for that table it is intelligently presented and precisely accurate. i double checked each and every figure. Very good!!

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