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2006-02-04, 12:11
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Mathematics of blackjack In December of 1999 I wrote the story below about Fred Marino suing Discover Card. In the wake of that lawsuit, last week Discover Card signed an agreement in California Superior court it will not operate merchant accounts with online casino companies that may do business with California residents. Since it is hard to tell if the customer is from California this may mean that players will not be able finance their online gambling with a Discover Card. First impressions are that Europa's lobby is probably the most attractive I've ever seen. You are welcomed by relaxing music and an animated water fountain sculpture, surrounded by several famous European landmarks like the Eiffel Tower and the leaning tower of Pisa. I also like Europa's blue tables - not that I don't like the classic "color of money" green - but it's a refreshing change and a nice touch. Keep track of how much you've wagered! Table games
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Pai Gow Online Casino's give away free cash bonuses to lure you to their casino's. Why? Because they know the majority of players will lose the bonus and a lot of their own cash to boot. Roulette Online I followed the cash-in procedure, credit card restrictions meant they paid my winning balance in the form of a cheque, which took just over a week to arrive. At the end of the last betting round, if more than one player remains, there is a showdown in which the players reveal their previously hidden cards and evaluate their hands. The player with the best hand according to the poker variant being played wins the pot. The combination of above ensures that the casino will in the vast majority of cases come out ahead in the long run. For an illustration, see this Gambler's Ruin simulation: [1] A casino generally has: Knock-Out Blackjack, Olaf Vancura and Ken Fuchs, 1998, ISBN 0929712315 [edit] Lots of casinos claim their no-download games work on Macs, but they don't. They've been a real disappointment. But Bodog worked flawlessly right in Safari. Very fast, zero problems. Mathematically, the probability is equal to one that gains will eventually equal losses and a gambler will return to his starting point; however, the expected number of times he has to play is infinite, and so is the expected amount of capital he will need! A similar argument shows that the popular doubling strategy (start with $1, if you lose, bet $2, then $4 etc., until you win) does not work; see St. Petersburg paradox. Situations like these are investigated in the mathematical theory of random walks. This and similar strategies either trade many small wins for a few huge losses (as in this case) or vice versa. With an infinite amount of working capital, one would come out ahead using this strategy; as it stands, one is better off betting a constant amount if only because it makes it easier to estimate how much one stands to lose in an hour or day of play. For lots and lots of people online casinos are way more attractive than the "real" land casinos. Here's why:
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