precursor0
precursor0
Joined: Dec 27, 2009
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December 19th, 2010 at 3:32:34 AM permalink
If I get a bonus that I can clear at 2% of every dollar I bet is that the same as subtracting 2% from the house advantage? For instance if I played baccarat and put every bet on the banker as long as I was getting the bonus would I have an advantage over the house?

Also, If the casino refunds me 10% of my losses every time if I have a losing session how would this affect the house advantage at any game?
precursor0
precursor0
Joined: Dec 27, 2009
  • Threads: 8
  • Posts: 10
December 19th, 2010 at 3:36:02 AM permalink
I am bumping my post in hopes of getting a reply
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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December 19th, 2010 at 5:38:36 AM permalink
Quote: precursor0

If I get a bonus that I can clear at 2% of every dollar I bet is that the same as subtracting 2% from the house advantage? For instance if I played baccarat and put every bet on the banker as long as I was getting the bonus would I have an advantage over the house?

Also, If the casino refunds me 10% of my losses every time if I have a losing session how would this affect the house advantage at any game?



I would say yes to the first question, if you bet, say, $100 and won you would get the normal payout plus 2% of your original bet, and if you lost you would get 2% of your original bet back, that would mean you are really risking $98 per bet, not $100.
The second question requires more information. If you were to make 1 bet the answer could be figured out exactly. But you would have to input the EV of the game, and exactly how many bets you were going to make. And if you were going to change the size of the bets, that would have to be factored in, too.
There is another thread that discusses paying a percentage of your losses back.
In your 10% example, lets say you picked an even money game with a 2% house edge. So then you plan to make 1 single bet of $100. You will win 49% of the time and be plus $100. You will lose 51% of the time and be down $90.
.49 x 100 = +49
.51 x 90 = -45.9 49 - 45.9 = 3.1
So, in this single bet example, you have an edge of 3.1%

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