#17
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Re: 10% refund question
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[ QUOTE ] Bet your whole deposit on a single bet. Let's ignore the 3/2 payout for BJ and assume that I win 49% of the time (this MORE than accounts for the loss due to not being able to double or split)... [/ QUOTE ] Actually it doesn't, that is the problem with your calculation. [/ QUOTE ] Just went to verify my numbers. I mis-remembered things slightly -- the 2% number is what no-double/no-split costs you (actually 1.91%), not the total house edge. So the total house edge ends up being 2.35%. But even with this HA, the rebate is a +EV situation for a single bet. 48.825% of the time you double up; 51.175% of the time, you end up with 10% of your bet. The EV is +$2.76. So despite all your protest to the contrary, a 10% rebate is a +EV offer. Acme |
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