Casino Talks

Posted by: do_not_drink_and_gamble at July 17, 2003, 12:57 pm

Topic: Casinos with loss insurance Forum: Winner Online

Sirius clarifies
one important point:
the EV is not the same thing
as the probability to win.
That is why I use doubles
as natural examples
of changes in the optimal strategy
caused by loss insurance.
It is obvious without
any simulation software
that if say 50% of my losses are reimbursed
and I want to play precisely one hand,
then I should double 9 against 2.
Bonuslover,
if you dont agree with that,
then you have no common sense
and should be ashamed of yourself.
If 20% percent is reimbursed then
it might be less obvious but
you should still double.
Hence, the following
statement is true:
loss insurance
affects the optimal strategy
if you have to play precisely one hand.

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