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Reason #4 why the Wizard likes Bovada: One-Stop Shopping Bovada offers the triple crown of gambling: casino, poker, and sports. Many other casinos have tacked on poker as an afterthought, and many poker rooms have tacked on a casino as an afterthought, and the lack of attention shows, sometimes painfully. And very few of these sites let you make sports wagers. But Bovada doesn’t just offer all three, they do each one well, and everything’s integrated. It’s easy to play all three off one deposit, off just one account. Another nice thing about Bovada is that you don’t need a separate account to play casino games with fake money. In fact you do not even need an account for that at all, you can just click over there and play. Finally, Bovada usernames are only six or seven characters long making them possible to remember. By contrast some competitors’ usernames are extremely long and cumbersome. |
Ask the Wizard #230Edition Date: May 29, 2009 In the news today, a woman in Atlantic City rolled 154 times consecutively before sevening out at the Borgata |
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| Expected Value of Mini X Card | |||
| Calls | Pays | Probability | Return |
| 5 | 10000 | 0.00000006 | 0.00057939 |
| 6 | 3000 | 0.00000029 | 0.00086909 |
| 7 | 500 | 0.00000087 | 0.00043455 |
| Total | 0.00000122 | 0.00188303 | |
The value of the consolation prize per card is 50/n, where n is the number of competing cards. For example, if there were 1000 competing cards, then the value of the consolation prize per card would be 5 cents.
6
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, that it is correct to hold the straight. It just seems counter-intuitive to me, but if you could explain in a little more detail about why going for the straight flush is poor strategy, I would be grateful.
is (2/47)×50 + (7/47)×6 + (5/47)×4 = 3.4468. The expected return of the straight at 4 is much more.
of the Nevada Gaming Control Board, the following are the table game counts in Clark County.
| Clark County Table Game Count | |
| Game | Tables |
| 21 | 2537 |
| Roulette | 405 |
| Craps | 334 |
| Other | 243 |
| Baccarat | 233 |
| Three Card Poker | 208 |
| Pai Gow Poker | 194 |
| Mini baccarat | 143 |
| Let It Ride | 98 |
| Pai Gow | 80 |
| Wheel of Fortune (Big Six) | 37 |
| Caribbean Stud Poker | 22 |
| Sic Bo | 1 |
| Chuck-a-Luck | 1 |
Unfortunately, they don’t say what the 243 “other” games are, so this isn’t of much help to answer your question, but it is still worth mentioning.
To answer your question, the expected number of times you should have hit your number is 8672/37=234.38. The variance is 8672×(1/37)×(36/37)=228.04. The standard deviation is the square root of the variance, or 15.10. You had 278-234.38=43.62 more hits than expected. That is (43.62-0.5)/15.10 = 2.8556 standard deviations. The reason for subtracting 0.5 is hard to explain. Suffice it to say it is an adjustment factor for using a continuous function to estimate a discrete function. Doing a Gaussian approximation, the probability of hitting your number that many times, or more, is 0.21%. So, there is a good chance you found a biased wheel. However, there is still a 1 in 466 chance it was just good luck.
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