Re: stupid 1010 hand
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Our House: let's say you needed him to lose 10% that hand
Our House: and it's really 6%
Our House: you're a 4% dog on one bet
Our House: you're losing 4% of $20
Our House: 80 cents bro
Our House: not $20
Victor: makes sense
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Math weenie jumps in to say: this is wrong.
If you're getting 9-1 (so you need to win 10%) and will actually win 6% (which I am going to approximate as one time in 16), it stacks up like this:
15 times in 16 you lose $20: -$300
One time you win $180: +$180
for a net loss of $120 over 16 trials, i.e. $7.50 a hand.
This is a pretty significant mistake.
Guy.
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