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