View Single Post
  #5  
Old 07-15-2003, 04:14 AM
Pensive Gerbil Pensive Gerbil is offline
Member
 
Join Date: Apr 2003
Posts: 76
Default Re: Not sure what you\'re after

The only difference between the two players' "expectation", is that player A should "expect" to go bust with a higher probbaility than player B

Since Player A's gambling session is more likely to end before he has wagered $1000, the expected sum of his wagers is less than the expected sum of Player B's wagers. Each player's expected loss (EV) for the gambling session can be calculated by multiplying the expected sum of their wagers times the house edge.

I am seeking help with how to calculate the expected sum of wagers.

-PG
Reply With Quote