"The most important rule of probability is that previous results do not impact future ones"
This is true except for traditional blackjack with a fixed shoe of cards. I'm sure we've all heard of card counting, this gives the player a few percent advantage over the house.
One must gamble very large amounts of money to make this advantage lucrative and like you say, for a short amount of time played the variance is too large. One must continue playing to make the advantage work out.
By the time this does work out, the player will probably be thrown out the door.
Are you a gambler?
↑ View this comment's parent
← View full post
Hey, one other thought on this...
"The most important rule of probability is that previous results do not impact future ones"
This is true except for traditional blackjack with a fixed shoe of cards. I'm sure we've all heard of card counting, this gives the player a few percent advantage over the house.
One must gamble very large amounts of money to make this advantage lucrative and like you say, for a short amount of time played the variance is too large. One must continue playing to make the advantage work out.
By the time this does work out, the player will probably be thrown out the door.