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Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.3/204576
- Title
- How much to bet on video poker
- Author(s)
- Barnett, Tristan
- Abstract
- A question that arises whenever a game is favorable to the player is how much to wager on each event? While conservative play (or minimum bet) minimizes 'large' fluctuations, it lacks the potential to maximize long-term growth of the bank. At the other extreme, aggressive play (or maximum bet) runs the risk of losing an entire bankroll, even though the player has an advantage in each trial of the game. What is required is a mathematical formulation that informs the player of how much to bet with the objective of maximizing the long-term growth of the bank.
- Publication type
- Journal article
- Source
- CHANCE, Vol. 24, no. 2 (Sep 2011), pp. 10-14
- Publication year
- 2011
- FOR Code(s)
- 0104 Statistics
- Keyword(s)
- Betting; Casino games; Video poker
- Publisher
- Springer
- ISSN
- 0933-2480
- Publisher URL
- http://dx.doi.org/10.1007/s00144-011-0015-8
- Copyright
- Copyright © 2011.
- Peer reviewed
