A Much Simpler Version Of The "Blackjack Paradox"

[maurile]

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Would it have anything to do with the fact that one gets to see the bottom card, meaning his information is useful for the first 51 decisions, whereas the second person has seen card X, where X < 52, and thus this information is only valuable up to card X, and not afterwards?

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No, the casino reshuffles after every deal.