Re: casino whoring question from a n00b
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I'm thinking about getting into casino whoring and was wondering a few things.
Looking at Casino Dave's website I see the first casino for cashable blackjack bonus on the list is Starluck, $100 deposit, $100 bonus, $1,600 wagered.
What is the normal wagers that people make on these? I figured I'd just bet $1 to have a low RoR but 1600 wagers seems like an awful lot.
So what is your normal wager? What has been your approximate hourly rate? how much variance is usually involved?
Thanks a lot for any help,
Ben
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Standard Deviation is 1.15*(bet size)*sqrt(#hands). For example, if you bet $5/hand, SD = 1.15*5*sqrt(1600/5) = $103. What this means is you'd have to run about 1 SD below EV to lose money, which is about a 1-in-6 shot. In other words, with a $5 bet size, you have a 5/6 chance of making money. As far as ROR is concerned, I'd have to dig out my formulas. They are in the archives, though.
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