Ask The Wizard #340
If a casino increased the win on the Tie bet to 9 to 1, above the usual 8 to 1, how much additional wagering would it need on the Tie to have the same expected win?
The probability of a tie in baccarat is 0.095155968.
At the usual win of 8 to 1, the expected return to the player is 0.095156 × (8+1) - 1 = -0.143596.
At the a win of 9 to 1, the expected return to the player is 0.095156 × (9+1) - 1 = --0.048440.
The expected player loss is 0.143596/0.048440 = 2.9643960 times higher at a win of 8 to 1. Thus, the casino would need 2.9643960 times as much action on the Tie if they increased the win to 9 to 1 for the expected casino win to be the same.
This question is raised and discussed in my forum at Wizard of Vegas.
Suppose there is a bin with 100 balls, numbered 1 to 100. Ten balls are drawn at random, without replacement. What is the mean number of the lowest ball drawn?
The following table shows the number of combinations, probability, and contribution to the lowest ball (product of ball and probability). The lower right cell shows the expected lowest ball is 9.1818182.
Lowest Ball
Lowest Ball |
Combinations | Probability | Expected Low Ball |
---|---|---|---|
1 | 1,731,030,945,644 | 0.100000 | 0.100000 |
2 | 1,573,664,496,040 | 0.090909 | 0.181818 |
3 | 1,429,144,287,220 | 0.082560 | 0.247681 |
4 | 1,296,543,270,880 | 0.074900 | 0.299600 |
5 | 1,174,992,339,235 | 0.067878 | 0.339391 |
6 | 1,063,677,275,518 | 0.061448 | 0.368686 |
7 | 961,835,834,245 | 0.055564 | 0.388950 |
8 | 868,754,947,060 | 0.050187 | 0.401497 |
9 | 783,768,050,065 | 0.045278 | 0.407498 |
10 | 706,252,528,630 | 0.040800 | 0.407995 |
11 | 635,627,275,767 | 0.036720 | 0.403915 |
12 | 571,350,360,240 | 0.033006 | 0.396076 |
13 | 512,916,800,670 | 0.029631 | 0.385199 |
14 | 459,856,441,980 | 0.026565 | 0.371917 |
15 | 411,731,930,610 | 0.023785 | 0.356780 |
16 | 368,136,785,016 | 0.021267 | 0.340271 |
17 | 328,693,558,050 | 0.018988 | 0.322801 |
18 | 293,052,087,900 | 0.016929 | 0.304728 |
19 | 260,887,834,350 | 0.015071 | 0.286354 |
20 | 231,900,297,200 | 0.013397 | 0.267933 |
21 | 205,811,513,765 | 0.011890 | 0.249680 |
22 | 182,364,632,450 | 0.010535 | 0.231771 |
23 | 161,322,559,475 | 0.009319 | 0.214347 |
24 | 142,466,675,900 | 0.008230 | 0.197524 |
25 | 125,595,622,175 | 0.007256 | 0.181388 |
26 | 110,524,147,514 | 0.006385 | 0.166007 |
27 | 97,082,021,465 | 0.005608 | 0.151425 |
28 | 85,113,005,120 | 0.004917 | 0.137673 |
29 | 74,473,879,480 | 0.004302 | 0.124766 |
30 | 65,033,528,560 | 0.003757 | 0.112708 |
31 | 56,672,074,888 | 0.003274 | 0.101491 |
32 | 49,280,065,120 | 0.002847 | 0.091100 |
33 | 42,757,703,560 | 0.002470 | 0.081512 |
34 | 37,014,131,440 | 0.002138 | 0.072701 |
35 | 31,966,749,880 | 0.001847 | 0.064634 |
36 | 27,540,584,512 | 0.001591 | 0.057276 |
37 | 23,667,689,815 | 0.001367 | 0.050589 |
38 | 20,286,591,270 | 0.001172 | 0.044534 |
39 | 17,341,763,505 | 0.001002 | 0.039071 |
40 | 14,783,142,660 | 0.000854 | 0.034160 |
41 | 12,565,671,261 | 0.000726 | 0.029762 |
42 | 10,648,873,950 | 0.000615 | 0.025837 |
43 | 8,996,462,475 | 0.000520 | 0.022348 |
44 | 7,575,968,400 | 0.000438 | 0.019257 |
45 | 6,358,402,050 | 0.000367 | 0.016529 |
46 | 5,317,936,260 | 0.000307 | 0.014132 |
47 | 4,431,613,550 | 0.000256 | 0.012032 |
48 | 3,679,075,400 | 0.000213 | 0.010202 |
49 | 3,042,312,350 | 0.000176 | 0.008612 |
50 | 2,505,433,700 | 0.000145 | 0.007237 |
51 | 2,054,455,634 | 0.000119 | 0.006053 |
52 | 1,677,106,640 | 0.000097 | 0.005038 |
53 | 1,362,649,145 | 0.000079 | 0.004172 |
54 | 1,101,716,330 | 0.000064 | 0.003437 |
55 | 886,163,135 | 0.000051 | 0.002816 |
56 | 708,930,508 | 0.000041 | 0.002293 |
57 | 563,921,995 | 0.000033 | 0.001857 |
58 | 445,891,810 | 0.000026 | 0.001494 |
59 | 350,343,565 | 0.000020 | 0.001194 |
60 | 273,438,880 | 0.000016 | 0.000948 |
61 | 211,915,132 | 0.000012 | 0.000747 |
62 | 163,011,640 | 0.000009 | 0.000584 |
63 | 124,403,620 | 0.000007 | 0.000453 |
64 | 94,143,280 | 0.000005 | 0.000348 |
65 | 70,607,460 | 0.000004 | 0.000265 |
66 | 52,451,256 | 0.000003 | 0.000200 |
67 | 38,567,100 | 0.000002 | 0.000149 |
68 | 28,048,800 | 0.000002 | 0.000110 |
69 | 20,160,075 | 0.000001 | 0.000080 |
70 | 14,307,150 | 0.000001 | 0.000058 |
71 | 10,015,005 | 0.000001 | 0.000041 |
72 | 6,906,900 | 0.000000 | 0.000029 |
73 | 4,686,825 | 0.000000 | 0.000020 |
74 | 3,124,550 | 0.000000 | 0.000013 |
75 | 2,042,975 | 0.000000 | 0.000009 |
76 | 1,307,504 | 0.000000 | 0.000006 |
77 | 817,190 | 0.000000 | 0.000004 |
78 | 497,420 | 0.000000 | 0.000002 |
79 | 293,930 | 0.000000 | 0.000001 |
80 | 167,960 | 0.000000 | 0.000001 |
81 | 92,378 | 0.000000 | 0.000000 |
82 | 48,620 | 0.000000 | 0.000000 |
83 | 24,310 | 0.000000 | 0.000000 |
84 | 11,440 | 0.000000 | 0.000000 |
85 | 5,005 | 0.000000 | 0.000000 |
86 | 2,002 | 0.000000 | 0.000000 |
87 | 715 | 0.000000 | 0.000000 |
88 | 220 | 0.000000 | 0.000000 |
89 | 55 | 0.000000 | 0.000000 |
90 | 10 | 0.000000 | 0.000000 |
91 | 1 | 0.000000 | 0.000000 |
Total | 17,310,309,456,440 | 1.000000 | 9.181818 |
There is an easier way to solve problems like this, where the lowest ball is 1. The formula for the lowest ball is (m+1)/(b+1), where m is the maximum ball value and b is the number of balls. In this case, m=100 and n=10, so the lowest ball is 101/11 = 9.181818.
This question is asked and discussed in my forum at Wizard of Vegas.
The following puzzle appeared in the March 6, 2021 New York Times.
The rules are pretty simple:
- Each row, column and region must have exactly two stars.
- No two stars may touch, not even diagonally.
Can you help with a solution?
This is called a Two not Touch puzzle. The button below shows my answer and solution.
Here is my solution (PDF).
What is the expected number of rolls of a fair six-side die for any one side to be rolled six times?
Click the button below for my answer.
Here is my solution (PDF).