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#1
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Rakeback now good on blackjack, but a question!
Its House Advantage % multiplied by Amount Wagered.
So the question is, what % rakeback do you need from your affiliate to make this +EV? |
#2
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Re: Rakeback now good on blackjack, but a question!
My guess would be 101%, assuming you play perfect strategy.
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#3
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Re: Rakeback now good on blackjack, but a question!
You get RB on the money you lose overall I believe. So you need 101+% RB to profit.
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#4
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Re: Rakeback now good on blackjack, but a question!
not on party BJ more like 130% [img]/images/graemlins/smile.gif[/img]
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#5
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Re: Rakeback now good on blackjack, but a question!
[ QUOTE ]
You get RB on the money you lose overall I believe. So you need 101+% RB to profit. [/ QUOTE ] 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 $1000 which will screw with your rakeback if you're also playing poker. But theoretically what I said is correct if you're only planning to ever make that one big bet on PartyPoker. |
#6
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Re: Rakeback now good on blackjack, but a question!
i reckon everyone should delete the blackjack image file from the party poker directory. if you're a winning player, stick to something you can beat, and if you're a losing player, well i need your money more than party does!
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#7
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Re: Rakeback now good on blackjack, but a question!
lol - me too. Stick with us at the poker tables :-)
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#8
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Re: Rakeback now good on blackjack, but a question!
[ QUOTE ]
i reckon everyone should delete the blackjack image file from the party poker directory. [/ QUOTE ] How do I do that? |
#9
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Re: Rakeback now good on blackjack, but a question!
I have nothing to add other than that I am an idiot luckbox.
I screw & accidently leave 12$ on party when I mean to withdraw it all, so I sit at the BJ table & proceed to bet half of whatever bankroll I have (so I can double & split), figuring I'll either lose this massive sum of cash, or get to a high enough amount it's worth cashing out. This was on Monday, and does not seem like the act of a compulsive gambler to me, even understanding that BJ is a -EV game. In ~2 hours I have $2,150, and I'm convinced that I am a compulsive gambler, betting max etc. when I've never bet anything above the minimum playing -EV casino games before (which isn't too -EV with free drinks =). I feel that I am not safe having that much money on Party anymore, so I cash out $1,500 & tell myself that I'm only going to use the remaining $650 for poker occasionally, so my account doesn't get closed & I don't lose my 60k party Points. Alas, yesterday, I cannot resist the blackjack, and instead of 3tabling 3/6 6max on Eurobet as I usually do, I sit & play blackjack on Party some more, running it up from $650 to $5,400. I am now convinced I will ruin my life if I don't cash this all out immediately. I'm not sure if this is a useless brag post, or a desperate cry for help. |
#10
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Re: Rakeback now good on blackjack, but a question!
its both....go into your Party folder and delete your blackjack files so you wont even see it (and hopefully forget about it actually being there)
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