whore this, ubersucker
 

I have now done two casino's for 6k in wagering and netted -$25. I thought this was going to be a fun, nice change from my poker downswing. Does the freaking dealer EVER bust with 2-6 shhowing? Does DD with 11 EVER produce a non 2?!

Seriously though, is it a bad idea to multi hand? I tried the first one single, the second one I did some single, then 3 hand, then 5 hand.

Is there ever a time for insurance? Cant help but think with 5 hands at risk... never done it though.

Re: whore this, ubersucker
 

[ QUOTE ]
I have now done two casino's for 6k in wagering and netted -$25. I thought this was going to be a fun, nice change from my poker downswing. Does the freaking dealer EVER bust with 2-6 shhowing? Does DD with 11 EVER produce a non 2?!

Seriously though, is it a bad idea to multi hand? I tried the first one single, the second one I did some single, then 3 hand, then 5 hand.

Is there ever a time for insurance? Cant help but think with 5 hands at risk... never done it though.

[/ QUOTE ]
Insurance is the misclick of online blackjack.

Re: whore this, ubersucker
 

I think that mult-handing increases variance but not as much as increasing your bet amount- ie a single $5 hand is higher variance than 5 $1 dollar hands. Doesn't change your EV though- just your swings will be wicked if you bet $5 and up per hand, so if you're not strong psychologically(and I have to question this considering your OP), I recommend that you bet the minimum with single hands. Otherwise you're liable to tilt and increase your bet size in order to make up ground.

Someone else can chime in on variance on say playing 5 $3 hands at once compared to one $5 hand. Not sure which is higher variance or how to calculate it.

Re: whore this, ubersucker
 

According to wizardofodds.com standart deviation for 1 hand is
1.15514 and for 3 hands 2.63198.

Increasing the bet size lower EV because there is a risk of ruin involved.

Re: whore this, ubersucker
 

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Increasing the bet size lower EV because there is a risk of ruin involved.

[/ QUOTE ]

Increasing the bet size doesn't lower the EV as far as I know. It just increases variance. If you have an $100 bonus on a $100 deposit and bet $200 your first hand, your EV is still the same as it would be if you were betting $1 per hand, as far as I know?

Re: whore this, ubersucker
 

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Does DD with 11 EVER produce a non 2?!

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Yeah, I get an Ace all the time!

Re: whore this, ubersucker
 

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I have now done two casino's for 6k in wagering

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Are these your first two casino's? what two did you do, In my mind the first two should add up to 3.2K.

Ken

Re: whore this, ubersucker
 

Casino on Net(4k WR) and Intercasino(2k WR) would be my guesses. You're right that he should have started with PL and SL.

Re: whore this, ubersucker
 

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[ QUOTE ]


Increasing the bet size lower EV because there is a risk of ruin involved.

[/ QUOTE ]

Increasing the bet size doesn't lower the EV as far as I know. It just increases variance. If you have an $100 bonus on a $100 deposit and bet $200 your first hand, your EV is still the same as it would be if you were betting $1 per hand, as far as I know?

[/ QUOTE ]

The reply here is wrong. Time for some research.

psw

Re: whore this, ubersucker
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]


Increasing the bet size lower EV because there is a risk of ruin involved.

[/ QUOTE ]

Increasing the bet size doesn't lower the EV as far as I know. It just increases variance. If you have an $100 bonus on a $100 deposit and bet $200 your first hand, your EV is still the same as it would be if you were betting $1 per hand, as far as I know?

[/ QUOTE ]

The reply here is wrong. Time for some research.

psw

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The EV in this case goes down because you can not split of double.

However if you bet 50 a hand, your EV will go up slightly in the long run, with larger bet sizes.

Ken