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Reason #2 why the Wizard likes Bovada: No-hassle practice games Most online casinos spend more effort trying to separate you from your money than they do trying to give you a good experience. They have all kinds of popup windows, they usually make you download their software, and if they do offer play-in-browser games then you have to register an account before you can play. And if you register they start sending you emails trying to get you to deposit real money. But Bovada is different. They have no popup windows at all, and their practice games play right in your browser, with no download, and no registration required. You don’t even have to give up your email address. It couldn’t be simpler: just one click and you’re playing the game. I wish all online casinos showed this much respect for their players. Other casinos practically ask for your first born child to play for free. Meanwhile Bovada is patient and does not twist anybody’s arm to play for real money. You can play as long as you like for free with no obligation. The real-money games are available if that’s your preference, but if not, you can play the free practice games for as long as you like without hassle. |
Ask the Wizard #225Edition Date: Mar 17, 2009 In the April 11, 2004 column there is a question about proper strategy in the Price is Right Showcase Showdown. Assuming optimal strategy is followed, what is the probability of each player winning? |
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| Probabilities in the Price is Right Showcase Showdown | ||||
| Spin 1 | Strategy | Player 1 | Player 2 | Player 3 |
| 0.05 | spin | 20.59% | 37.55% | 41.85% |
| 0.10 | spin | 20.59% | 37.55% | 41.86% |
| 0.15 | spin | 20.57% | 37.55% | 41.87% |
| 0.20 | spin | 20.55% | 37.55% | 41.9% |
| 0.25 | spin | 20.5% | 37.56% | 41.94% |
| 0.30 | spin | 20.43% | 37.56% | 42.01% |
| 0.35 | spin | 20.33% | 37.58% | 42.10% |
| 0.40 | spin | 20.18% | 37.60% | 42.22% |
| 0.45 | spin | 19.97% | 37.64% | 42.39% |
| 0.50 | spin | 19.68% | 37.71% | 42.61% |
| 0.55 | spin | 19.26% | 37.81% | 42.93% |
| 0.60 | spin | 18.67% | 37.96% | 43.36% |
| 0.65 | spin | 17.86% | 38.21% | 43.93% |
| 0.70 | stay | 21.56% | 38.28% | 40.16% |
| 0.75 | stay | 28.42% | 35.21% | 36.38% |
| 0.80 | stay | 36.82% | 31.26% | 31.92% |
| 0.85 | stay | 46.99% | 26.35% | 26.66% |
| 0.90 | stay | 59.17% | 20.36% | 20.47% |
| 0.95 | stay | 73.61% | 13.19% | 13.21% |
| 1.00 | stay | 90.57% | 4.72% | 4.72% |
| Average | 30.82% | 32.96% | 36.22% | |
Here are the winning number of combinations out of the 6×206 possible.
Player 1: 118,331,250
I have argued that this punishes people who lose invariably with even bets. I have done this ad nauseam, with scenarios, to no avail. Would you help me make this argument?
— Matt
, we can find the the expected number of plays to achieve either marker is 19.227. The probability that the marker achieved is the 17 unit loss is 17.89%. So, the expected refund is 0.1789 × 17 = 3.041076 units. The expected loss of playing 19.227 times on a game with a 0.004561 house edge is 19.227 × 0.004561 = 0.087693 units. So, the expected profit is 3.041076 - 0.004651 = 2.953382 units.Copyright © 1998-2012 Wizard of Odds Consulting, Inc. All rights reserved. • About | Privacy & Terms | Site Map | Links | Contact
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