Ask The Wizard #205
Is there a number you can pick that will maximize your expected return, if the other player picks randomly? What if the other player has a strategy too?
3+ KK vs AA probability in 400 hands
| Opponents | Probability | Inverse |
|---|---|---|
| 1 | 0.0000001145 | 1 in 8,734,376 |
| 2 | 0.0000009133 | 1 in 1,094,949 |
| 3 | 0.0000030658 | 1 in 326,182 |
| 4 | 0.0000072234 | 1 in 138,438 |
| 5 | 0.0000140202 | 1 in 71,325 |
| 6 | 0.0000240728 | 1 in 41,541 |
| 7 | 0.000037981 | 1 in 26,329 |
| 8 | 0.0000563277 | 1 in 17,753 |
| 9 | 0.0000796798 | 1 in 12,550 |
So, yes, I would say this looks fishy. The fewer the players, the more fishy it looks. I would be interested to know where this game was.
Since I cannot control the statistics, my question involves something that I can control, session length (and bankroll). Since a million or a billion number of hands is composed of so many “sessions” of, for example, 300 − 1,000 hands, does it not make sense to play until you either a) reach a pre-established target win amount, or b) play until you recover from a losing streak and end the session at break even?
One last question, can you recommend a source for a software simulation system that can handle all rule variations, stop/loss provisions, extracting “sessions” of variable lengths, and variable hit/stand strategy based upon the size of the bet. I would love to give my approach a shot at the computer.