Re: Rakeback now good on blackjack, but a question!
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You get RB on the money you lose overall I believe. So you need 101+% RB to profit.
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Getting rakeback on the money you lose would be even more profitable. For example... Let's say you bet $1000 with 25% rakeback on losses. For simplicity, let's say the house wins 51% of the time and you win 49% of the time. Then...
EV = (0.49)*$1000 - (0.51)($750)
= +$107.50
So, as you can see, your $1000 bet has a positive expectation of $107.50.
Of course, there are other problems, such as if you win the bet your MGR will go down by $1000 which will screw with your rakeback if you're also playing poker. But theoretically what I said is correct if you're only planning to ever make that one big bet on PartyPoker.
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