Re: 10% refund question
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It depends on how you play. If you play one hand you will have an edge. If tou play more hands you will not.
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This clearly does not make sense. Each event is independent..either it is +EV or not.
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It clearly DOES make sense. You do not get the rebate on each individual bet...you get it on the net result during the period in question.
Scenario 1 -- 1 $200 bet -- EV is about +$6.00
Scenario 2 -- 2 $100 bets -- EV is about +$1.20
Scenario 3 -- 4 $50 bets -- EV is about -$.05
In all 3 cases, I have placed the same total bet -- $200. But the EV decreases as I break things into more bets of a smaller amount.
The loss rebate is only on the net loss at the end of the session. With just one bet, you have a reasonable chance of ending up with a net winning session. With many bets, you have very little chance of a net winning session.
If you are unlikely to have a net winning session, you will not have a +EV situation on a loss rebate. So for one bet, it is +EV...but for many bets, it is -EV.
Acme
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