Professional Blackjack by Stanford Wong

Author:Stanford Wong [Wong, Stanford]
Language: eng
Format: epub, pdf
Tags: General Fiction
Publisher: Pi Yee Press

For pessimists. The odds are excellent that sometime in the near future, your bankroll will be less than it is at this instant. For example, table 129 shows that there is a 99% chance that at some point in the next 1000 hands your bankroll will be less than it is right now.

How far is your bankroll likely to fall if your trip is sort of average? From table 129 you can find the low points that occur with about a 50-50 chance for the $5 to $50 bet scheme of this study. For 1000 hands, a dip of $500 is about average. For 4000 hands, a dip of $900 is about average. Remember that these are worst-point intermediate results, and not end-of-trip numbers.

Other statistics. The expected wins (simulation results) for the four columns of table 129 are $226, $167, $904, and $668. The standard deviations are $1028, $960, $2056, and $1920. If you want, you can compare the nadirs with the final distribution of results as described by the normal curve.

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