Casino Talks

Posted by: Greek Viking at November 24, 2002, 1:09 pm

Topic: MGS Blackjack Forum: Winner Online

How important is the advantage if you use the bet BIG strategy?
Let’s take an example, assuming:
- You plan to play at 100 casinos that all offer a $100 100% Match Bonus
- Wager: 10*(d+b) = $2000
- If you bet BIG: at 20 casinos you will bust before you have wagered your $2000
- At casinos where you bust you will on average have fulfilled 75% of your wager=$1500 before you bust
- You expect to lose 0,5% of the amount you wager.

If you follow a bet SMALL strategy you have to wager $200.000 with an expected loss of $1000 to collect your bonus of $10.000. Profit=$9.000.

If you follow a bet BIG strategy you save wager of (20*(2000-1500)) = $10.000 at casinos where you bust. So totally you will only wager $190.000 with an expected loss of $950 to collect your bonus of $10.000. Profit=$9.050.

I agree that from a strictly mathematical point of iew the bet BIG strategy gives you a minor advantage becauce you need to wager less. But from a practical point of iew I think this advantage is rather unimportant. In my example: an extra advantage of $50 to play bonus offers from 100 casinos.

Both the bet SMALL and the bet BIG strategy has pros and cons that in my opinion is much more important.

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