Mathematizers please

[Old new guy]

Easy answer I think..just brain dead today. Using these numbers for simplicity. Is it better to play 1 $5 hand or 5 $1 hands? Assume flat betting. EV? Variance? Shuffle after every hand. Thanks.

[Archvaldor]

Easy answer I think..just brain dead today. Using these numbers for simplicity. Is it better to play 1 $5 hand or 5 $1 hands? Assume flat betting. EV? Variance? Shuffle after every hand. Thanks.

There will be less variance with 5 $1 hands.

EV should be the same.

[BackCounter]

For optimal kelly betting, one divides a proportion of the bankroll by the variance of possible outcomes, or v + (n - 1)*c where v is variance, c is covariance, and n the number of hands. So if variance is 1.28 and covariance is 0.47, the five bets should be about 40 cents each.

[Old new guy]

There will be less variance with 5 $1 hands.

EV should be the same.

Thanks

[Old new guy]

For optimal kelly betting, one divides a proportion of the bankroll by the variance of possible outcomes, or v + (n - 1)*c where v is variance, c is covariance, and n the number of hands. So if variance is 1.28 and covariance is 0.47, the five bets should be about 40 cents each.

Thanks but that’s not an option

[Norm]

That's one of the problems with the simplistic calculation of Kelly optimal bets. One must take into account how people actually bet in a casino.

[peterlee]

Speed is an important factor, but often not taken seriously.

When playing a +EV game, faster play is desirable, as five hands take more time to finish than one. However, more hands also lead to less variance, so finding the balance is crucial. Consider factors like your own speed, the dealer's speed, and how to simplify the betting process and payoffs.

For -EV games, take a slower approach.

[JohnGalt007]

Please be more specific: are you betting either one $5 hand per round or five $1 hands per round throughout the entire shoe, or are you planning on betting either one $5 hand or five $1 hands as your entire bankroll?

In other words, do you have a larger bankroll from which you're trying to determine how to flat bet each hand, or are you trying to just take a shot with a total of five dollars and you need to know how to bet that five dollars in one hand?

[Iwantmoney]

Just as important is mistakes. You make less with one hand

Speed is an important factor, but often not taken seriously.

When playing a +EV game, faster play is desirable, as five hands take more time to finish than one. However, more hands also lead to less variance, so finding the balance is crucial. Consider factors like your own speed, the dealer's speed, and how to simplify the betting process and payoffs.

For -EV games, take a slower approach.

[peterlee]

Just as important is mistakes. You make less with one hand

More dealer errors on 5 hands, than your mistakes, unless you are not as good as the dealer.
I would vote to +EV on this part.

[Old new guy]

Please be more specific: are you betting either one $5 hand per round or five $1 hands per round throughout the entire shoe, or are you planning on betting either one $5 hand or five $1 hands as your entire bankroll?

In other words, do you have a larger bankroll from which you're trying to determine how to flat bet each hand, or are you trying to just take a shot with a total of five dollars and you need to know how to bet that five dollars in one hand?

Thanks all for the answers. I’m trying to churn through bonus funds online and wanting the least amount of variance (with $1 as a min bet)..and I don’t want to only bet $1 for one hand)

[Midwest Player]

For some reason I thought you were in an area that didn't have casino games, but just sports betting. Maybe things have changed.

[Old new guy]

For some reason I thought you were in an area that didn't have casino games, but just sports betting. Maybe things have changed.

This is correct..maybe I have some secret mission going on .