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.
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.
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.
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?
Dealers make mistake all the time. There are some discussions and a chapter in some books.
Now we are talking about the difference between 1 hand and 5 hands.
Yes, new dealer makes more mistakes, but a casual dealer makes even more.
Most of the dealer errors happen at the payoff and the hand total, sometimes colors changing.
If playing 1 to 2 hands, usually the dealer remembers the two hand totals and the dealer total, so less errors made.
If playing 5 hands, many dealers need to recount their hand and each player's hand total, after paying a hand, sometimes they make mistake from their wrong memory, such as paying 4 hands in a row, then she thinks it is a bust on the dealer...
Usually we know there is a mistake from us or from the dealer, and we can correct it by our choice, even after the cards are collected.
Some dealers don't know, or even choose to not collect it even they know there was a mistake, because some casinos will give a bad mark to the dealer by that.
My experience: 10K usd was made only by dealer errors in one year, BS and flat bets.
So the question is: whether more mistakes you make? or the dealers?
Bookmarks