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Old 06-15-2012, 12:29 PM   #51
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Re: Chance of losing 10 BJ hands in a row

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Originally Posted by Peeig View Post
Just a question, if playing BlackJack, you only lose 48% of the hands you play and sometimes they pay you 3 to 2 on your wins, but your losses are flat, how is there a house edge? Am I missing something here? Seems like losing 51 or 52% of your hands played would make more sense.....someone please splain to me.
Sorry for bumping this but I had to register here just for this question since I didn't see the answer.

The house edge is created entirely by the fact that the player busts before the dealer. Ergo, if you bust the dealer gets your money even if he would have or does bust.
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Old 06-15-2012, 01:46 PM   #52
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Re: Chance of losing 10 BJ hands in a row

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Originally Posted by Davan View Post
Sorry for bumping this but I had to register here just for this question since I didn't see the answer.

The house edge is created entirely by the fact that the player busts before the dealer. Ergo, if you bust the dealer gets your money even if he would have or does bust.
No. First of all, Peeig's premise is wrong. The correct answer has already been given -- posts #23, #32, #36, and #39. All these answers are approximately correct, depending on how you view pushes and considering there is a little wiggle room for strategic efficiency.
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Old 06-15-2012, 02:53 PM   #53
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Re: Chance of losing 10 BJ hands in a row

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Originally Posted by SheetWise View Post
No. First of all, Peeig's premise is wrong. The correct answer has already been given -- posts #23, #32, #36, and #39. All these answers are approximately correct, depending on how you view pushes and considering there is a little wiggle room for strategic efficiency.
I am only explaining the house edge, nothing more.
The house edge is created by the ability of the dealer to collect on player busts while still busting, nothing more.
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Old 06-15-2012, 05:15 PM   #54
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Re: Chance of losing 10 BJ hands in a row

House edge also comes from the fact that the dealer is sober but the players aren't.
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Old 06-15-2012, 05:34 PM   #55
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Re: Chance of losing 10 BJ hands in a row

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House edge also comes from the fact that the dealer is sober but the players aren't.
Haha I think thats whats known as a player-induced House Advantage
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Old 06-15-2012, 06:00 PM   #56
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Re: Chance of losing 10 BJ hands in a row

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I am only explaining the house edge, nothing more.
The house edge is created by the ability of the dealer to collect on player busts while still busting, nothing more.
That's one of the house advantages -- the player also has advantages. They both have disadvantages. The house edge is determined by a combination of all.
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Old 06-16-2012, 12:38 AM   #57
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Re: Chance of losing 10 BJ hands in a row

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Originally Posted by cres View Post
Player win streaks are short and infrequent, while dealer winning streaks are long and frequent.
"A losing streak is far more deadly than a winning streak is benevolent. And that's all you have to know about gambling in Vegas."
-- Mario Puzo
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Old 06-16-2012, 03:15 PM   #58
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Re: Chance of losing 10 BJ hands in a row

I played 6 hands, got 20 or 21 every time, and didn't win a hand. Probably harder than winning 10 in a row.

1) I don't bust
2) Dealer doesn't bust
3) get 20 or 21
4) watch dealer get 21, 20, 21, 21, 21, 20.
5) Vow to quit bj forever
6) Start playing craps.
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Old 06-17-2012, 07:18 AM   #59
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Re: Chance of losing 10 BJ hands in a row

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Originally Posted by mr adam d View Post
Since you're likely thinking of betting $5, then bet $10 if you lose, then $20 if you lose that, etc thinking it's easy money do it. The odds of losing 10 straight hands is ridiculously low. Go for it buddy
+1

[x] Martingale
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Old 06-17-2012, 09:53 PM   #60
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Re: Chance of losing 10 BJ hands in a row

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Originally Posted by Davan View Post
Sorry for bumping this but I had to register here just for this question since I didn't see the answer.

The house edge is created entirely by the fact that the player busts before the dealer. Ergo, if you bust the dealer gets your money even if he would have or does bust.
That's true but if that were the only factor then the house edge would be about 8% (if all payoffs were even money and player followed the same hit/stand rules as the dealer).

I see I'm the slow pony.
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Old 06-24-2012, 09:18 PM   #61
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Re: Chance of losing 10 BJ hands in a row

Well I just won five $1 hands in a row and lost five $5 hands in a row, so technically I lost 25 hands in a row.

Bonus: I was playing with a $20 roll
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