Re: Card Sharks
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With a ten showing, there are 19 cards that lose and 32 cards that win. So, you bet everything. Obviously, it's a high variance strategy, but it's still the most profitable.
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If the game lasted only 1 round that would be true. But this game is +EV for 10 (or so) cards. Your strategy gives the highest EV for 1 card but if you bust out on that card you lose the EV for the other 9. If you know your going to get pocket Aces 5 times in a row, would you risk your entire bankroll all five times? No, because thats very bad managment, and its the same principle for this.
The correct ammount to wager is your edge odds times your bankroll. With a 10 its like 37/63 in your favor? So your edge is 26% ((.63-.5)+(.5-.37)). So bet 26% of your bankroll or 260 dollars.
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