Diminishing Returns in a Game of Blackjack

Video Transcript

Hi! This is Daniel on behalf of Expert Village in this clip we’re going to be talking about diminishing returns while gambling more specifically playing 21. Now when you come to a 21 table you’re going to come with a set amount of money, let’s say you have $100 in your hand well you can’t really loose more than $100 if that’s all you come to the table with can you? Well actually you can and you can loose a lot more, here’s the idea if you come to a table with $100 and you place a bet, let’s say a $20 bet you put that on the table and you’re dealt a 21, well 21 pays three to one, the dealer’s going to grab $30 to pay your three to one. You’re now going to have $50 sitting in front of you, if you take that fold $50 and put it back in your kitty you now have $130 to bet with or $130 to loose. But the smart gambler’s going to take all of his winnings, his $30 and he’s going to put in a safety hole he’s just going to leave it there and he’s going to say, “no matter what I won’t touch this money while I play at this table because I never have more than 100 to lose”. So as the player plays and wins more and more money or loses more and more money we know that he can’t never lose more than $100 but even if he loses his $100, let’s say he lost $100 but he made 75. He’ll always walk away from the table with money and that’s the idea of diminishing returns, the smart gambler is going to take his winnings and place it to the side never losing more than he came to the table with.

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