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Treating it as a binomial chance (either win or don't win), the chance of 5 of fewer wins out of 26 hands is about 1 in 90... not 1 in 24 thousand. It is not beyond normal variance, especially considering that optimal strategy was not used for all hands. The "Are My Results Fair?" Calc/Sim in my signature may or may not be relevant, depending on how close your bet size was to fixed.
16 vs 10 is close enough that optimal strategy depends on the specific card composition of your hand. With 2-card 16, hit has higher EV. And with 3+ card 16, stand has higher EV. If you be even more precise, use the rules listed below for 3-card 16 vs 10s with multi-deck BJ instead of always standing/hitting. The lower number rules override the following rules.
1. Any hand with a 5 -- Stand
2. Any hand with a 6 or 10 -- Hit
3. All other hands -- Stand
One simple way to get numerical results is to use a binomial calc or Excel, entering the # wins, # hands played , with # chance of event. A good binomial calc is at http://faculty.vassar.edu/lowry/binomialX.html . This page also summarizes the math behind the results. The 1 in 90 chance I listed is based on chance of 5 wins in 26 hands. However, reading the full thread, I see that the 26 hands is with ties removed. If you change it to 5 of fewer wins in 30 hands, then I get 1 in ~400... still within reasonable variance.
Last edited by aka23; 30th August 2009 at 12:51 AM.
DaveG39 (30th August 2009)
I was leaving out ties in my calculations because no money changes hands, and, therefore, would seem irrelevant (sp.). However, if you treat ties as technical losses ("non-wins"), then yes 1/400 is correct. Reasonable though? Isn't .05 (1/20) and above considered reasonable, stats-wise? Then again, with a sample this small, the margin of error would be huge.
Last edited by DaveG39; 30th August 2009 at 06:39 AM. Reason: add margin of error
In stats, p-value varies depending on what you are trying to show. 0.05 might be appropriate for estimating whether certain experimental variables are correlated, but it is not rare enough to show unfair software, as questioned in the first post of this thread. Many people in this thread have played more than 20 sessions of BJ with Playtech software, so many are expected to have seen a result with odds rarer than 0.05 in a random distribution. Instead, you'd need a far rarer result (or combination of results) that should hardly ever occur in a random distribution. This is what I mean by "within reasonable variance".
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