Question about House Edge
- Thread starter grog
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halcyon1234
Well-Known Member
And to make things funner, a negative house edge is good. Because that's how much the house will LOSE on each wager. This is also known as a player edge.
Player edge = house edge * -1
Player edge = house edge * -1
Not to nit-pick but I always think of the HA as the amount lost on each hand's initial bet.RJT said:
Like u will have wagered maybe $110, due to doubling and splitting, playing 100 $1 hands but you will have lost EV 49 cents as opposed to 0.0049* $110.
Generally speaking, not a big deal at all.
halcyon1234
Well-Known Member
Nope, EV is on total wager. That's what makes doubling important. If you bet $50, and get an 11, that hand is +EV. You double to $100, and the EV is on $100 rather than $50.Kasi said:
Sonny
Well-Known Member
For an individual hand, yes. But the house edge is an overall percentage that takes into account splits, doubles, etc. That is the difference between the IBA (Initial Bet Advantage) and the TBA (Total Bet Advantage). When card counters talk about their EV, they refer to their IBA. It shows them what advantage they have relative to their unit size instead of their average bet size, which is a little more practical. The house does the same thing when they look at their advantage. The house edge is what % of a bet the house expects to earn assuming the player uses proper BS.halcyon1234 said:
For example, if you play 1,000 hands of $1 using BS then you would expect to lose $1,000*House Edge. This assumes that you have split and doubled according to BS. If you use the TBA instead of the IBA then you would replace $1,000 with your average bet which would be higher (and more difficult to calculate).
-Sonny-
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ChefJJ
Well-Known Member
Not withstanding card counting or other AP techniques, the house advantage pertains to the rules of the game as a whole, not dependent on how much you wager. Of course, each situation you are presented with (e.g. 7 vs. dealer 9) has a different expected edge, but those all fit into the overall house advantage depending on how the game is offered.
Basic strategy gives the player the lowest house advantage without using AP techniques, and that is because it has prescribed the best move for the player in any situation based on the rules of the game, but not based on what cards are left in the deck/shoe.
Using card counting systems or other techniques can either decrease the house advantage or even give the player an advantage (that's what we're all after around here, right?) by tracking the changes in advantage as the deck/shoe is played out. That's why there are both betting strategies and basic strategy deviations related to the count.
good luck
[And yeah, what Sonny said too]
Basic strategy gives the player the lowest house advantage without using AP techniques, and that is because it has prescribed the best move for the player in any situation based on the rules of the game, but not based on what cards are left in the deck/shoe.
Using card counting systems or other techniques can either decrease the house advantage or even give the player an advantage (that's what we're all after around here, right?) by tracking the changes in advantage as the deck/shoe is played out. That's why there are both betting strategies and basic strategy deviations related to the count.
good luck
[And yeah, what Sonny said too]
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