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#1
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Re: I don\'t understand blackjack (longish)
[ QUOTE ]
It depends what kind of game he was playing (i.e. single deck or shoe, favourable or unfavourable rules). While there are some games where you can get it, 0.05% is an extremely low house edge to claim. The house edge of my local game is over 0.6%, so over $1,000 worth of betting he would lose more like $60 in that game. [/ QUOTE ] $5 expected loss on a $1000 bet means a house edge of 0.5%, not 0.05%. An expected loss of $60 would mean a house edge of 6.0%. |
#2
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Re: I don\'t understand blackjack (longish)
Oh right. Oops.
I read this without thinking about it too hard: [ QUOTE ] He says that the house edge was only .05%, so his expected loss was near nothing [/ QUOTE ] |
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