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Author: heihojin Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1443  
Subject: Re: 50/50 DAYS Date: 4/5/2001 7:28 PM
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For example, let's say I bet $100 on the Pass Line. The house edge is 1.41%, meaning that in the long run I can expect to lose $1.41 for every $100 I bet.

Sorry to say this again since we've been down this road, but Heyho spoke with such conviction, I have to present the other side of our argument. The quoted passage above is true only if Heyho bets his $100 over an infinite number of rolls.


AAAARRRRGGGHHH!!!!

Rick, for umpteen millionth time, I have never claimed that the player's results will match the expectation. That's why I said, "in the long run I can expect." I honestly don't know how much clearer I can make my position to you, and I swear you do this just to exasperate me.

Not only do you continually misstate my position in our discussion, but it is also entirely tangential to the post to which you replied. The post to which you replied is a discussion of the effect of the Odds bet on mathematical expectation. Our previous discussion concerned the role of mathematical expectation in decision-making. They are separate topics.


heihojin
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