Post
Topic
Board Gambling
Re: Are bitcoins casinos really pointless?
by
dooglus
on 20/11/2012, 18:48:29 UTC
Martingaling does in effect reduce the house earnings dramatically which can be argued is reducing the house percentage (forgive my poor terminology). Perhaps a better way to state this is:

A house with 2% house edge where a single player bet for 1'000'000 rounds motecarlo style can expect ~2% earnings for the entire sum of all bets.
A house with 2% house edge where a single player bet for 1'000'000 rounds martingale style can expect ~0.05-0.01% earnings for the entire sum of all bets.

I don't think our disagreement is one of terminology.  Even after you rephrased it, I still think you're wrong.

A house with 2% house edge where a single player bets any way they like can expect 2% earnings for the entire sum of all bets.

Unless perhaps you're using a weird definition of expect?

I'd tend to agree with SRoulette and darkmule.

I think you meant to say you agree with dooglus and darkmule.  SRoulette is the one claiming that you can change the house edge by carefully sizing your bets.