The Volatility of Returns and Variable Strategies
Shilian Feng
TL;DR
This paper explores how casino rules and players' strategies influence expected returns, providing a formula to quantify these relationships in gambling scenarios.
Contribution
It introduces a formula linking casino rules, strategies, and expected returns, offering a new analytical tool for understanding gambling outcomes.
Findings
Derived a formula for players' expected return based on rules and strategies
Analyzed the impact of different casino rules on player profitability
Provided insights into optimal gambling strategies under various rules
Abstract
This paper examines the relationship between casino rules, players' gambling strategies, and their expected returns, and derives the formula about the players' expected return.
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Taxonomy
TopicsGambling Behavior and Treatments · Sports Analytics and Performance · Artificial Intelligence in Games