Am I missing something here?

Discussion in 'General Chat' started by sllik, Jul 28, 2008.

  1. #1
    I was playing at this casino and then I checked out the progressive blackjack game where you put one extra dollar along with your bet and then if you win with an ace you get 5x your bet!

    I even went to the live chat support to confirm that because according to my calculations this will give you a HUGE edge...

    My calculations:
    My bet $300.

    If I win with an ace I win $1500 and if I loose, I loose $301 ($300 + $1)...

    My chances if winning with an ace are:
    (4/52 * 0.47) * $1500 = $54.23 where 4/52 are chances of getting an ace and 0.47 (roughly) are chances of winning the hand and $1500 is the amount that I will win

    My chances of winning (without the ace):
    0.47 * $300 = $141

    My chances of loosing:
    0.53 * $301 = $159.53

    So for every hand I will win $195.23 and will loose $159.53.... so on average I will win $35.7 on every hand....

    Does that make any sense to anyone!?!?!?!?
     
    sllik, Jul 28, 2008 IP