00:01
Now here in this question, you look at a casino house, right? the casino basically wins is blackjack tables with a probability of 51 .4%.
00:10
All bets are black at blackjack are one to one, which means that if you win, you gain the money, bait, and you lose, you lose the money, you base.
00:18
So you ask a few questions.
00:20
First, if you bid a one dollar on each hand, what is expected value to you of a single gain? what the house age? well, for you, they expect a value of, obviously, is just one point and times the chance you have been to win, right? that's actually 1 minus 51 .4%.
00:39
So it's 48 .6%.
00:41
So that's your expected value, which is about 48 .6 % point.
00:47
So that's 0 .486 point.
00:52
And what is house age? well, the house age of issue is just, you know, for the house, it will win how much, you know, it will win something like $1 .1 times 51 .4%, right? so that's actually 0 .514, right? and then it minus yours for point x, that's the age, right? so that age, actually, you can find this to be obviously 0 .028.
01:27
If you play 300 games, how much should you expect to win or lose? well, you're going to lose, definitely...
