Calculate odds of winning/losing streak in BJ
May 11th, 2011 at 8:53:10 AM
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Hi,
I read on Wizard of Odds about a blacklisted casino where someone played around 81 hands and lost 61 units. This was calculated at odds of 123 trillion to one. Assuming I know the house edge is there a formulae (I would use Excel to calculate) that could work out the odds of winning or losing streaks?
Variables, I guess would be:
House Edge
Number of hands played
Total Amount won/lost.
Thanks
R
I read on Wizard of Odds about a blacklisted casino where someone played around 81 hands and lost 61 units. This was calculated at odds of 123 trillion to one. Assuming I know the house edge is there a formulae (I would use Excel to calculate) that could work out the odds of winning or losing streaks?
Variables, I guess would be:
House Edge
Number of hands played
Total Amount won/lost.
Thanks
R
