mark.walters2 said:
Hi guys, I want to find out what is the effect of a stop loss limit of about negative 10 units playing a blackjack game with only perfect basic strategy. I know that a stop loss limit has no effect on the negative expectation of the game. But I need to find out how it affects the standard deviation.
Are there any sources or books that touch on this topic? This is related to a rebate and not gambling. The only source I can find is:
http://www.blackjackincolor.com/useless1.htm
kind of off your topic i guess:
i did a little simulation for that sort of stuff, can't find my results at the moment.
well, i was looking at the effect of a stop win of one unit sort of thing. part of what i found is depicted in the image below.
and look at the graph for law of large numbers for dice. starts off real wild in the beginning and smooths out over time, sort of thing.
just i'm guessing but perhaps you can 'skew' standard deviation sort of like how playing progressions might give you circa 90% small wins and then you end up getting hit with circa 10% whopper loss's, lol. so really nothing really changes as far as the long run numbers, just the way you see results in time may appear skewed.
what ever, there is a pdf floating around by ExhibitCAA on coupononomy, erhh stuff on match plays, coupons ect.
you should be able to find it with a search of this site.
the stuff i was saying above has nothing to do with the pdf, i just thought i'd mention it.