Thread: Major Problem with Bill Chin's Article on Variance
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Old 08-30-2005, 02:23 AM
bobbyi bobbyi is offline
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Default Re: Major Problem with Bill Chin\'s Article on Variance
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Ever wonder why casinos keep increasing the denomination of your chips if you win?

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They give you bigger chips to encourage you to big a larger amount so that their EV is higher. That's it. It's not about the "gambler's ruin theorem"; it's just about wanting you to bet a lot.
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