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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 #226Edition Date: Mar 31, 2009 I found an online casino with two interesting blackjack rules. The first is that a player 21 will push against a dealer blackjack. The second is that a blackjack tie pays 3 to 2. What is the effect on the house edge of these rules? |
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| Probabilities for 0 to 8 Goals for each Team | ||
| Goals | Team A | Team B |
| 0 | 0.223130 | 0.301194 |
| 1 | 0.334695 | 0.361433 |
| 2 | 0.251021 | 0.216860 |
| 3 | 0.125511 | 0.086744 |
| 4 | 0.047067 | 0.026023 |
| 5 | 0.014120 | 0.006246 |
| 6 | 0.003530 | 0.001249 |
| 7 | 0.000756 | 0.000214 |
| 8 | 0.000142 | 0.000032 |
The next step is rather mundane, but you have to make a matrix of all the 81 possible combinations of 0 to 8 scores for each team. This is done by multiplying the probability of x scores for team A and y scores for team B, from the table above. The following table shows the probability of every score combination from 0-0 to 8-8.
| Probabilities Combinations for Both Teams | |||||||||
| Goals Team A | Goals Team B | ||||||||
| 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |
| 0 | 0.067206 | 0.080647 | 0.048388 | 0.019355 | 0.005807 | 0.001394 | 0.000279 | 0.000048 | 0.000007 |
| 1 | 0.100808 | 0.120970 | 0.072582 | 0.029033 | 0.008710 | 0.00209 | 0.000418 | 0.000072 | 0.000011 |
| 2 | 0.075606 | 0.090727 | 0.054436 | 0.021775 | 0.006532 | 0.001568 | 0.000314 | 0.000054 | 0.000008 |
| 3 | 0.037803 | 0.045364 | 0.027218 | 0.010887 | 0.003266 | 0.000784 | 0.000157 | 0.000027 | 0.000004 |
| 4 | 0.014176 | 0.017011 | 0.010207 | 0.004083 | 0.001225 | 0.000294 | 0.000059 | 0.000010 | 0.000002 |
| 5 | 0.004253 | 0.005103 | 0.003062 | 0.001225 | 0.000367 | 0.000088 | 0.000018 | 0.000003 | 0 |
| 6 | 0.001063 | 0.001276 | 0.000766 | 0.000306 | 0.000092 | 0.000022 | 0.000004 | 0.000001 | 0 |
| 7 | 0.000228 | 0.000273 | 0.000164 | 0.000066 | 0.000020 | 0.000005 | 0.000001 | 0 | 0 |
| 8 | 0.000043 | 0.000051 | 0.000031 | 0.000012 | 0.000004 | 0.000001 | 0 | 0 | 0 |
The next table shows the winner according to each combination of goals, where T represents a tie.
| Winner Combinations for Both Teams | |||||||||
| Goals Team A | Goals Team B | ||||||||
| 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |
| 0 | T | B | B | B | B | B | B | B | B |
| 1 | A | T | B | B | B | B | B | B | B |
| 2 | A | A | T | B | B | B | B | B | B |
| 3 | A | A | A | T | B | B | B | B | B |
| 4 | A | A | A | A | T | B | B | B | B |
| 5 | A | A | A | A | A | T | B | B | B |
| 6 | A | A | A | A | A | A | T | B | B |
| 7 | A | A | A | A | A | A | A | T | B |
| 8 | A | A | A | A | A | A | A | A | T |
Finally, you can use the sumif function in Excel to add the corresponding cells for all three possible outcomes of the bet. In this case the probabilities are:
A wins = 44.14%
B wins = 30.37%
Tie = 25.48%
Appendix C in Sharp Sports Betting by Stanford Wong gives the win/lose/tie probabilities for bets like this. For this case he lists 44%, 30%, and 25%. If anyone knows a simple formula for this kind of problem, I’m all ears.
Follow Up: I received an e-mail from Bob P., who always keeps me on my toes when it comes to math. Here is what he wrote.
Looked up the distrib of the difference between 2 uncorrelated Poissons. It’s a Skellam(new to me).
Anyway, the question can then be posed as P(Z=0), P(Z>0), and P(Z<0) where Z is a Skellam with parameters 1.5 and 1.2.
If you haven’t already done it, you’ll be pleased to know
P(Tie) = P(Z=0) = .254817
P(A beats B) = P(Z>0) = .441465
P(B beats A) = P(Z<0) = 1 - .254817 - .441465 = .303718
almost exactly your answers.
The Wikipedia entry for a Skellam mentioned Bessel functions
, which is about the point in calculus where I get scared to go further. So, I’m going to take Bob’s word on this one.
, problem 201.Copyright © 1998-2012 Wizard of Odds Consulting, Inc. All rights reserved. • About | Privacy & Terms | Site Map | Links | Contact
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