My calculation is 100% correct:
0,5% house edge means that I win 49.75% of all bets placed and lose 50.25% of all bets placed.
Yes that's just not the calculation for black jack. Here's the calculation for blackjack with very similar rules as stake, and an even lower house edge (.28%)
https://i.snipboard.io/b8rzLT.jpghttps://wizardofodds.com/ask-the-wizard/blackjack/probability/These numbers are from Michael Shackleford
Who's that?
Glad you asked.
Michael Shackleford is an American mathematician and an actuary. He is best known for his professional analysis of the mathematics of the casino games. He is also an adjunct professor of actuarial science and mathematics at the University of Nevada, Las Vegas.[2][3] He became interested in the mathematics of gambling at a young age after reading John Scarne's Guide to Casino Gambling.[1]
https://en.wikipedia.org/wiki/Michael_ShacklefordIt must not feel good to realize how wrong you've been this whole time while lacking the character to admit you were wrong.
Michael Shackleford published the "Summarized Net Win of
games in BlackJack" and not the summarized net win of
bets.
In a game where you can place only one bet per game and where you can lose or win only one bet per game, the statistic of how many games you won and lost is exactly your experienced house edge.
However, and as I explained to you earlier, in a game where you can place multiple bets within one game (double, split) and with a 1,5 payout in case of a won Black Jack, your experienced house edge is determined by how many bets you lost per 100 bets.
If you lost 0,5 bets per 100 bets, which is the case when you won 49,75% and lost 50,25% of your bets, then your experienced house edge is 0,5%.
If the advertised house edge is 0,5%, like in the case of the Stake in-house Black Jack, then long term you will lose 0,5% of the bets placed.
If the house edge is 0%, then you will win 50% of the bets placed and will lose 50% of the bets placed long term.
Your experienced edge is always determined by the number of bets won and number of bets lost.
If the Statistics states that you lost 4,6% of the bets placed long term while the advertised house edge is 0,5%, then either the game is rigged or the statistic is rigged or both!
In either case, Stake is at fault here and has to settle the issue, instead they ignore!