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Interesting question. CVData has a feature to allow for random betting and playing errors. So I ran a couple of CVData sims -
First, I started with the same game you noted in the OP, except I used Hi-Lo with the "sweet 16 " indexes, because the settings would not allow me to use no indexes. It came out with a win rate of $14.37, which makes sense relative to your $12 win rate due to use of indexes in my sim (approx. 20% benefit due to the use of the sweet 16 indexes).
Next, I ran the sim and allowed for 5 betting errors per hour (5 errors per 100 rounds), but no playing errors. The win rate dropped to $12.93 (10% decrease).
I then ran the sim and allowed for 5 playing errors per hour, but no betting errors. The win rate dropped to $7.47 (48% decrease).
Finally, I ran the sim with both 5 betting errors and 5 playing errors per hour. The win rate dropped to $5.93 (58% decrease).
So, I would conclude that a few isolated betting and playing errors here and there won't totally negate your advantage. But it's interesting to note that playing errors have the potential to be much more costly (i.e., 5 times more costly) than betting errors. Hear that Zee?
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