Re: Requested Simulation for the Learning Impaired

"alan" <moneyla@xxxxxxx> wrote
Im curious to see what the simulator will show.

You have intuited a significant difference between us ...

'Im' not curious to see what the simulator will show. I told you what the
simulator will show. You can't have missed it. You directly quoted my attempt
to inform you of the specific relevant facts below.

It is precisely this demonstrated attribute of yours that is the subject of this
thread.

--
Onward thru the fog,
Mason


"alan" <moneyla@xxxxxxx> wrote in message
news:1150327575.703543.257770@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Mason, what I want to see if indeed, the casino will win 1.4% of the
passline amount.
If you wish to use a million decisions, instead of a million rolls,
that's okay-- do it, please.
Im sure your simulation will have a proper variety of passline points
(4, 5, 6, 8, 9, 10) as well as come out wins and losses.

Im curious to see what the simulator will show.
Remember, full 3, 4, 5X odds please.

Mason wrote:
"alan" <moneyla@xxxxxxx> wrote
Can we just do 1 million rolls with a passline bet and full odds. If
there were losses, we would add money to finish the million rolls. If
there are wins, money would not be added.

The objective: to find the "bottom line" after a million rolls.

(MoneyLA should specify a number of line decisions for his Clueless
Simulation
instead of a number of rolls.)

These simulations will show that the house has held approximately 1.4% of the
total money bet on the passline.

(I suggest further that the same number be used to seed the random number
generator for two simulations ... a simulation with odds wagers and the same
simulation parameters without the odds wagers ... this keep the odds wager
the
only variable between the two simulations.)

This will illustrate (to anyone but MoneyLA) that any money bet on the odds
wager has virtually no effect on the "bottom line" which is the innumerate
designation of Expectation. I say virtually because the result of the two
simulations will be the Actual Hold and not the Theoretical Hold. However,
with
that number of decisions, the two values will be so extremely close as to be
practically identical.

The casino table game profit mechanism is explicit (see below). These
simulations will confirm what is already known. MoneyLA is learning
impaired.
He apparently is requesting simulation to confirm as fact that which he has
been
informed as fact on countless occasions.

However, his driving thirst for knowledge is not strong enough to learn to do
the indicated investigation himself so this requested simulation is clearly
not
a matter of any real importance to him.

--
Onward thru the fog,
Mason

(.) Drop - the table buy in amount
(.) Hold - the amount the casino keeps of the table buy in amount.
(.) Handle - the total amount bet.
(.) Expectation - (Handle) * (Edge Percentage).
(.) Clearly, if Edge Percentage is zero on any bet, there is a zero
Expectation
from that bet regardless of the Handle amount.
(.) Theoretical Table Hold - Expectation
(.) Zero Expectation bets do not increase the Table Hold.
(.) The Actual Table Hold Percentage (Hold divided by Drop) is the *key*
measure
of casino table game revenue.
(.) An Actual Table Hold Percentage of 100% for any individual player does
not
materially change the casino revenue given that any individual player is
replaced from the player pool. If such player replacement does not exist,
casino revenues are *lowered*.
(.) Actual Table Hold Amount approaches Theoretical Table Hold Amount as
Handle
Amount increases.



.

Relevant Pages

  • Re: Requested Simulation for the Learning Impaired
    ... Im sure your simulation will have a proper variety of passline points ... (MoneyLA should specify a number of line decisions for his Clueless Simulation ... The casino table game profit mechanism is explicit. ... Drop - the table buy in amount ...
    (rec.gambling.craps)
  • Requested Simulation for the Learning Impaired
    ... we would add money to finish the million rolls. ... (MoneyLA should specify a number of line decisions for his Clueless Simulation ... The casino table game profit mechanism is explicit. ... Hold - the amount the casino keeps of the table buy in amount. ...
    (rec.gambling.craps)
  • Re: Requested Simulation for the Learning Impaired
    ... If you wish to use a million decisions, instead of a million rolls, ... (MoneyLA should specify a number of line decisions for his Clueless Simulation ... The casino table game profit mechanism is explicit. ... Drop - the table buy in amount ...
    (rec.gambling.craps)
  • Re: IBM builds biggest-ever disk for secret customer
    ... 120PB disk array for 'simulation' studies. ... oil company geologists can use any amount of computer power you let ... amount, the limit is probably less than a few 1000 trillion US ...
    (sci.crypt)
  • Re: Subtle effects that explain nothing at all
    ... Hold - the amount the casino keeps of the table buy in amount. ... An Actual Table Hold Percentage of 100% for any individual player does not ... The volatility in the reported profit figures comes from short term variations ...
    (rec.gambling.craps)