On Expectancy and the Discipline of Identity
Expectancy is a property of distribution, not of outcome. The Advantage Play Engine is built upon this distinction. A position with positive expectancy may produce loss. A position…
Tag: Expectancy
On Tables and Fields of Advantage
A blackjack table is a closed system. Rules are fixed. Payoffs are specified. Probabilities are computable. Edge, when it exists, is small relative to variance. Individual outcomes fluctuate…
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