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Reply To: This is how online casinos make money

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#721218
Anonymous
Inactive

well, I have found this thread very interesting.

You both seem to agree that the odds of wining are 85% without splitting and 64% when you split (Per hand).

so in a sample 50 deals ($100 bet per hand playing 2 hands – like stupid did) it WILL on average end up like this

Not Splitting
(85 x $200) + (15 x -$200) = $14,000 Profit

Splitting
(64 x $400) + (36 x -$400) = $11,200 Profit

it doesn’t matter if the odds of losing all your stake are reduced because you have 4 hands if you split, as on average(average take into account those variables) you will lose 36% of the time. So the only thing you need to take into account is the 64% and 85% – nothing else matters.

an average round will end up like this

85%-15% x $200 = $140 Profit for not splitting
64%-36% x $400 = $112 Profit for splitting

nothing else matters if you have 4 hands or 100 hands(assuming the you had like 60 deck if you did play 100 hands) on the table as the odds of profiting each hand is

Not Splitting – Splitting

.70 Vrs (.28*2) .56

.70 in 100 deals = $14,000 profit
.56 in 100 deals = $11,200 profit

There is no way these are wrong

these figures do take into account all other variables hence the term “average”