I'd be interested in seeing the exact language of that casino
promotion. I have a gut feeling that the casino is only going to give
you 10% of your _NET_ losses which you would compute at the end of a
given day. Your analysis, on the other hand, is based on recouping the
10% at the end of each and every play.
Actually, it isn't. It is based on the net.
In fact, it is quite obvious without explanation that
10% of EVERY loss is ridiculous (which is why it did not
even occur to me to clairfy). The casino would
obviously lose on any game where the ER is above
95%. On games like roulette, the ER boost is even
greater.
If you missed that inferrence, there is another one.
My analysis makes it clear what I had in mind. Had
you actually read it, instead of just ignoring the math,
you probably would have seen this.
QZ
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