blackjack avenger
Well-Known Member
Variance Thy Name is Destruction
At some point a player will have a one unit downturn, this can even happen if they are winning. As time goes on are they likely to have a 2 unit downturn? This can happen on the very first hand after the 1 unit downturn. As time progresses they have an opportunity to have larger and larger negative swings. The negative swings happen even if one is winning. if a major negative swing happens and the new player is in the red after may hours, they could end their career.
Casinos win money from counters because even good ones can be knocked out, so overall counters probably don't show positive EV. The negative variance and knockout of the many overwhelm the positive ev of the few.
:joker::whip:
Well, let's think about itkewljason said:I am sure it IS so. :sad: BJ avenger wouldn't lied to us. :laugh: Larger sample size will produce larger swings, both positive and negative. Makes sense to me.
At some point a player will have a one unit downturn, this can even happen if they are winning. As time goes on are they likely to have a 2 unit downturn? This can happen on the very first hand after the 1 unit downturn. As time progresses they have an opportunity to have larger and larger negative swings. The negative swings happen even if one is winning. if a major negative swing happens and the new player is in the red after may hours, they could end their career.
Casinos win money from counters because even good ones can be knocked out, so overall counters probably don't show positive EV. The negative variance and knockout of the many overwhelm the positive ev of the few.
:joker::whip: