The Game You Win By Losing (Parrondo's Paradox)

For the discussion of math. Duh.

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phillip1882
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The Game You Win By Losing (Parrondo's Paradox)

Postby phillip1882 » Tue Jun 11, 2019 10:00 pm UTC

good luck have fun

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Eebster the Great
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Re: The Game You Win By Losing (Parrondo's Paradox)

Postby Eebster the Great » Tue Jun 11, 2019 11:06 pm UTC

Do you have something to say?

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phillip1882
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Re: The Game You Win By Losing (Parrondo's Paradox)

Postby phillip1882 » Sun Jul 07, 2019 7:31 pm UTC

it seems interesting, almost like cheating, by betting in such a manner as to make bets dependent on each other rather then independent.
good luck have fun

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Eebster the Great
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Re: The Game You Win By Losing (Parrondo's Paradox)

Postby Eebster the Great » Sun Jul 07, 2019 11:47 pm UTC

People already count cards in blackjack and modify their bets accordingly. It isn't cheating, but it is grounds for a casino to eject you. In this case, blackjack is a game which has a small house edge when playing with a full deck (or shoe), even with perfect play by the player, so it is a losing game. But since the shoe is only shuffled occasionally, but every hand, it is possible for future bets to depend on the outcome of previous hands, making it sort of analogous. The idea is to bet more when the odds are in your favor (lots of aces and tens in the deck) and the minimum the rest of the time. If done correctly on certain tables (ones with small shoes, deep penetration (number of cards before the shoe is shuffled), large ratios of maximum to minimum bets, and otherwise favorable rules (e.g. double after split)), the player can beat the casino in the long run.

Of course, no casino will offer a game that gives different odds depending on how much money in your pocket, for all sorts of reasons.

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john_shaver
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Re: The Game You Win By Losing (Parrondo's Paradox)

Postby john_shaver » Mon Jul 08, 2019 1:06 pm UTC



Interesting paradox. Unfortunately, it's practically useless.. in a real casino.


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