Math confirmation wanted for a casino dispute...
A player plays 3531 hands of Blackjack, betting a fixed amount on each hand. Assume the house edge is 0.5%, and standard Las Vegas strip rules for everything (I'm slightly overestimating the house edge).
What are the odds that the player suffer a net loss of 250 bets in this period, assuming he plays perfect basic strategy, and there is a shuffle after every hand?
What are the odds that the player suffer a net loss of 250 bets in this period, assuming he plays perfect basic strategy, and there is a shuffle after every hand?