DavidC
09-27-2005, 05:22 AM
(put the bottom on top)
Alright... after reading this, and writing this, I still have no idea what my bankroll requirements are if I want to start casino whoring blackjack. /images/graemlins/frown.gif
I figure that you have a certain bankroll required for $1 bets, a certain roll for $5 bets, etc.
Any idea how to figure this out?
--Dave.
================================================== ====
WR: Wager Requirement
HA: House Advantage
** I know that HA isn't nearly 1%, but the math is easier this way and it's better to give them more edge than less edge. **
--
Reading the faq (link) (http://www.bonuswhores.com/phpBB2/viewtopic.php?t=3793):
[ QUOTE ]
Q: I don't want to be a whiner. Is there a simple way for me to see how bad my blackjack session has gone before I start posting about it?
A: Sure. Translate everything into bets, so if you lose $500 in 1000 hands betting $10/hand, then that's 50 bets lost. Subtract off (number-of-hands)/200, or 5 in this example, giving 45 bets lost. Take the square-root of the number of hands (31.6 in this example) and multiply it by 1.14. Here that's 36. This is the standard deviation. Divide the number of bets lost by the standard deviation. 45/36 = 1.25.
[/ QUOTE ]
If when clearing a $2000 WR bonus, in $1 bets, you should bet 2000 times, see a STD DEV of:
2000^0.5 = 44-ish
* 1.14 = 51-ish units
= $51 * $1 bets...
Let's call $51 "B".
Assuming a HA of 1%, we lose $20, which is our starting point:
------
Coming from this site about probability / stats (link) (http://www.robertniles.com/stats/stdev.shtml):
[ QUOTE ]
One standard deviation away from the mean in either direction on the horizontal axis (the red area on the above graph) accounts for somewhere around 68 percent of the people in this group. Two standard deviations away from the mean (the red and green areas) account for roughly 95 percent of the people. And three standard deviations (the red, green and blue areas) account for about 99 percent of the people.
[/ QUOTE ]
----
To me, this means that I expect to be at Bonus-$20 (Let's call this "A") when I'm finished the bonus, but that:
34% of the time I'll be between "A" and "A"-"B".
13.5% of the time I'll be between "A"-"B" and "A"-2"B".
2% of the time I'll be between "A"-2"B" and "A"-3"B".
This is rough, as the numbers aren't exact on the distribution on a standard curve.
---
==============================================
Alright... after reading this, and writing this, I still have no idea what my bankroll requirements are if I want to start casino whoring blackjack. /images/graemlins/frown.gif
I figure that you have a certain bankroll required for $1 bets, a certain roll for $5 bets, etc.
Any idea how to figure this out?
--Dave.
================================================== ====
WR: Wager Requirement
HA: House Advantage
** I know that HA isn't nearly 1%, but the math is easier this way and it's better to give them more edge than less edge. **
--
Reading the faq (link) (http://www.bonuswhores.com/phpBB2/viewtopic.php?t=3793):
[ QUOTE ]
Q: I don't want to be a whiner. Is there a simple way for me to see how bad my blackjack session has gone before I start posting about it?
A: Sure. Translate everything into bets, so if you lose $500 in 1000 hands betting $10/hand, then that's 50 bets lost. Subtract off (number-of-hands)/200, or 5 in this example, giving 45 bets lost. Take the square-root of the number of hands (31.6 in this example) and multiply it by 1.14. Here that's 36. This is the standard deviation. Divide the number of bets lost by the standard deviation. 45/36 = 1.25.
[/ QUOTE ]
If when clearing a $2000 WR bonus, in $1 bets, you should bet 2000 times, see a STD DEV of:
2000^0.5 = 44-ish
* 1.14 = 51-ish units
= $51 * $1 bets...
Let's call $51 "B".
Assuming a HA of 1%, we lose $20, which is our starting point:
------
Coming from this site about probability / stats (link) (http://www.robertniles.com/stats/stdev.shtml):
[ QUOTE ]
One standard deviation away from the mean in either direction on the horizontal axis (the red area on the above graph) accounts for somewhere around 68 percent of the people in this group. Two standard deviations away from the mean (the red and green areas) account for roughly 95 percent of the people. And three standard deviations (the red, green and blue areas) account for about 99 percent of the people.
[/ QUOTE ]
----
To me, this means that I expect to be at Bonus-$20 (Let's call this "A") when I'm finished the bonus, but that:
34% of the time I'll be between "A" and "A"-"B".
13.5% of the time I'll be between "A"-"B" and "A"-2"B".
2% of the time I'll be between "A"-2"B" and "A"-3"B".
This is rough, as the numbers aren't exact on the distribution on a standard curve.
---
==============================================