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Volatility,Standard Deviation

Bonus hustlers have an unusually high advantage. In the previous example, the casino's small edge would take a long time to eat away at the \$1,200 deposit and bonus - \$240,000 in action, believe it or not. (Now isn't that empowering?) Nonetheless, expected value eventually triumphs over all. Expected value is like gravity - it is the weakest force among everyday-size objects, but the most powerful in accumulation. Not only that, but increases ill the edge that seem modest are multiplied many times over the long haul. If the -0.5 percent house edge in online blackjack games is replaced with that of roulette, a -5.26 percent edge that many players find acceptable, the house overtakes volatility more than ten times faster. The casino would win back the \$1,200 bonus and deposit in less than \$24,000 of action rather than \$244,000. (Also note that the average online blackjack games player who does not know perfect basic strategy gives up quite a bit more than the perfect basic strategy player's -0.5 percent. The house usually rightly assumes that most online blackjack games players make lots of strategy errors.)

The bonus hustler's expected value is high, allowing him to jump ahead of the fluctuations quite rapidly, even when bets are large. If Peter lost miserably the first time betting \$50, look how he would do with the same strategy at five e-casinos. Following plan, he deposits \$1,000 in four more places and then combines the results of all five. Since his action is always \$2,000, he gives up \$10 in expectation at each stop. Recall that there will be 40 wagers each time. Interpret the tables yourself this time.

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