Re: Blackjack EV Post
 

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The wagering requirements are generally in $ though, so you aren't giving up anything in terms of the house edge.

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What?

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If the playthrough is $10k, the house edge is the same whether I play one $10k hands or 10k $1 hands. It's just the variance that is different, surely?

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Yes.

Re: Blackjack EV Post
 

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The wagering requirements are generally in $ though, so you aren't giving up anything in terms of the house edge.

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What?

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If the playthrough is $10k, the house edge is the same whether I play one $10k hands or 10k $1 hands. It's just the variance that is different, surely?

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Basically, yes.

Re: Blackjack EV Post
 

I did quite a few last fall. I played in either $1 and $2 increments following the charts on the Wizard of Odds. I made a profit on about 90% of the bonuses offered that were dollar for dollar and cashable with playthroughs 10x or lesser.

I kept the records in a notebook and can name the casinos.

Re: Blackjack EV Post
 

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The wagering requirements are generally in $ though, so you aren't giving up anything in terms of the house edge.

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What?

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If the playthrough is $10k, the house edge is the same whether I play one $10k hands or 10k $1 hands. It's just the variance that is different, surely?

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yes, but you're not going to have a 10k balance with a playthrough of 10k.

Re: Blackjack EV Post
 

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The wagering requirements are generally in $ though, so you aren't giving up anything in terms of the house edge.

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What?

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If the playthrough is $10k, the house edge is the same whether I play one $10k hands or 10k $1 hands. It's just the variance that is different, surely?

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No. If your balance is say $400, $200+$200 bonus and you do $50 bets it only takes 8 bad bets to go broke. Worst case scenario and you'll only have the opportunity to wager $400 and you're bust.

In the long term you'll be getting the same amount of bonus as someone who bets $1 but because of all the times you bust quickly you'll do far less total wagering.

Example, if I wager $100,000 less dollars than you over my 'career' and the house edge is 1%, well there's an extra $1000 EV my way.

Re: Blackjack EV Post
 

Let's take two extremes.

100% $100 bonus. 30x playthrough. 0.5 HA (a bit high for blackjack, but that doesn't matter for this example)

Scenario 1:

Bet low (say $1 per hand).

100-3000*0.005 = 85

Scenario 2:

Try to double up then grind it out low.

(-100 + 300-3000*0.005) / 2 = 92

Re: Blackjack EV Post
 

On bonuswhores before they shut down the casinos forum, this was known as "Galt's Epiphany" (named after a poster who coined this strategy).

By playing a cashable bonus more aggressively (larger bets), you can yield a higher EV. The difference can be miniscule or huge, depending on the bonus structure.

Re: Blackjack EV Post
 

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The wagering requirements are generally in $ though, so you aren't giving up anything in terms of the house edge.

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What?

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If the playthrough is $10k, the house edge is the same whether I play one $10k hands or 10k $1 hands. It's just the variance that is different, surely?

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No. If your balance is say $400, $200+$200 bonus and you do $50 bets it only takes 8 bad bets to go broke. Worst case scenario and you'll only have the opportunity to wager $400 and you're bust.

In the long term you'll be getting the same amount of bonus as someone who bets $1 but because of all the times you bust quickly you'll do far less total wagering.

Example, if I wager $100,000 less dollars than you over my 'career' and the house edge is 1%, well there's an extra $1000 EV my way.

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Read his post.

Re: Blackjack EV Post
 

Well, it doesn't work exactly like blackjack, but i wrote a program to generate random numbers between 0 and 1. anything over .5025 was a 'win'. Everything else was a loss. Here are the results for 10,000,000 bonuses. $200 BR and a $2500 WR.

bet size-----avr return
1/n-----187.5
1-------187.51
5-------187.82
10-----188.63
20-----189.98
25-----190.40
50-----192.06
100---193.84
200---195.01

Re: Blackjack EV Post
 

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Well, it doesn't work exactly like blackjack, but i wrote a program to generate random numbers between 0 and 1. anything over .5025 was a 'win'. Everything else was a loss. Here are the results for 10,000,000 bonuses. $200 BR and a $2500 WR.

bet size-----avr return
1/n-----187.5
1-------187.51
5-------187.82
10-----188.63
20-----189.98
25-----190.40
50-----192.06
100---193.84
200---195.01

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This is right, higher risk of ruin means higher average return.