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Thread: Probability of loss

  1. #1
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    Probability of loss

    Years ago a teammate suffered a large loss, just wondering what the likelihood was.
    2d s17 Bj pays 3 to 2 . 2 players on game hand shuffled.
    Player plays perfect basic strategy for 3 hours flat betting $100.
    He lost almost 11k.
    Can someone sim this.
    Last edited by AndretheGiant; 11-08-2020 at 05:36 PM.

  2. #2


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    Quote Originally Posted by AndretheGiant View Post
    Years ago a teammate suffered a large loss, just wondering what the likelihood was.
    2d s17 Bj pays 3 to 2 . 2 players on game hand shuffled.
    Player plays perfect basic strategy for 3 hours flat betting $100.
    They lost almost 11k.
    Can someone sim this.
    No need to sim. Easy calculation. Virtually impossible if a fair game.

    BS house edge is 0.324%. Figure 100 hands per hour. So 300 hands @ $100 per = $30,000 wagered. Expected loss = 0.00324 x $30,000 = $97.
    One standard deviation per hand is about sqrt (300) x 1.15 x $100 = $1,992. So, the loss was greater than FIVE deviations (5.27). In other words, fuhgeddaboudit!

    Don

  3. #3
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    I knew it was impossible but due to circumstances at the time I really couldn’t confront him.

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