This turned out to be true, and it meant, for example, that the effect of 12 Tens when, say, forty cards were left to be played, was about the same as 9 Tens with thirty cards left, and 6 Tens with twenty left, as all three of these decks have the same fraction, 3⁄10, or 30 percent, of Ten-value cards. In counting cards, it’s mainly the fraction remaining that matters, not the number.
Except the variance will be different when there are many vs few cards left. Expected returns will be the same but probability of ruin will vary. Looking forward to seeing how avoiding ruin affects betting strategies....
