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You play for a total of 100 hours and your expectation for those 100 hours is $2,500. Standard deviation and variance go hand in hand (SD is actually the square. Going back to our original example of $25 EV per hour, we would find our N0 ...


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The House Edge in Blackjack – Facts You Need to Know
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Blackjack Risk Manager gamblers blackjack John Austin The ultimate online blackjack and poker blackjack standard deviation per 100 hands for card counters and advantage players!
Windows Software by John Austin Blackjack Risk Manager BJRM is a “calculator-type” utility program that automatically and blackjack standard deviation per 100 hands performs several complicated blackjack risk-related statistical calculations, providing you with the facts you need to manage your blackjack “risk.
Exactly how much bank do I need if I am willing to winning at blackjack chart a 7.
What if I change that to 5%?
Within my spread, at which counts do I place the bets in order to maximize the rate of my bankroll growth?
How would things change if I got in more “hands per hour”?
How rare of an event was that?
Which is the “better” game to play, an H17 DAS 2-deck 70 card penetration game, played “all” with a 1-6 spread, or a back-counted S17 DAS LS 1-8 spread game where 4.
And many, many more — just as interesting and illuminating.
Most risk questions can be answered with very little text entry, simply by selecting and mouse-clicking on the program’s built-in choices.
To perform many of the calculations, Blackjack Risk Manager needs to be supplied with only two values: Win Rate per 100 hands and Standard Deviation SD per 100 hands, both expressed in units.
Win Rate and SD values can be readily obtained from several sources, such as: values published in blackjack literature; values from simulations run by blackjack simulator programs on the market; and, perhaps most importantly, from two places within BJRM itself!
First, Tab 3 of BJRM has the Win Rate and SD values of over 100 different blackjack game scenarios, built-in.
These feature multiple combinations of decks-in-play, rules, penetration levels, and bet spreads — including back-counting.
It is very likely that one of those combinations is close to the game you are blackjack standard deviation per 100 hands in.
And BJRM ’s built-in Win Rate and SD values are very precise, as they were each calculated based on actual simulation blackjack standard deviation per 100 hands of over 400,000,000 rounds.
The Tab 3 values feature a Hi-Lo player using the “Illustrious 18” and “Fab 4” strategy departures, and are, in fact, the actual results click the simulations run for Chapter 10 of Don Schlesinger’s classic book, Blackjack Attack: Playing the Pros’ Way.
However, Tab 3 even goes beyond Chapter 10 data, to include a complete set of data for 8-deck Games!
Second, Tab 4, which I have dubbed the “One-Second Simulator”, is potentially even more valuable to the user than Tab 3.
The One-Second Simulator allows you to input your own bet pattern, rather than use the ones detailed in Chapter 10 of BA: PTPW.
Additionally, you can use data from counting systems check this out than the Hi-Lo, as, currently, the K-O and the UBZII are also supported.
Future releases of BJRM will likely add support for other systems, as well.
Tab 4 also contains a very valuable feature that, when given a specific bet spread 1-4, 1-12, etcwill automatically compute the best placement of those bets – in order to optimize the growth rate of your bankroll.
And it does so for both “play-all” and “wonging.
” I have tried very hard to write Blackjack Risk Manager in such a way as to make a traditional, hard-copy User Guide unnecessary.
And when you are thoroughly familiar with the program in no time at all you can even “turn off” the status help text, if you like.
So “install,” and then dig in, explore, and enjoy — Blackjack Risk Manager.
You need never be surprised by the “ups and downs” of blackjack risk, again!

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A payout of 1 and 1 half of the original bet ($100 -> $150)..... It is a number derived by dividing the win rate by the standard deviation for the particular.. average bet of $100, it may be said that his expected win per 100 hands would be $150.


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Video Poker Games – Why Do I Lose Faster Than in Blackjack Games?
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$50,000 BLACKJACK BET! (GTA Online Casino Gameplay)

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So if a player is betting $100 per bet on average, and she's playing 60 hands per. Standard deviation and the short term are the mathematical principles that ...


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Blackjack Risk Manager by John Austin
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What are Blackjack Deviations?

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You've read one or more of the books on card counting in blackjack.. These include concepts like standard deviation, proper bet sizing,. percent advantage are going to lose in a 100 hand playing session,. standard deviation can vary from around 1.5 betting units per hand to nearly six units per hand.


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standard deviation q - HitorStand Blackjack Message Board
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Risk or Ruin and Gambling with an Edge – How to Use Both Concepts
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blackjack standard deviation per 100 hands

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In blackjack, just like in any other casino-banked game, managing one's bankroll. deviation, your bankroll in units, and your win rate per every hundred hands.. In the context of blackjack, the standard deviation of a single hand you play in a ...


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Casino Gambling: A Winner's Guide to Blackjack, Craps, Roulette, Baccarat ... - Jerry L. Patterson, Eric Nielsen, Sharpshooter - Google Books
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What are Blackjack Deviations?

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Many typical games can yield an earning's rate of about 1.25 percent of the. bet of $100, he could expect to earn $125 an hour in a typical 100-hands-per-hour game.. but three standard deviations for that session could see the player in the ...


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Risk or Ruin and Gambling with an Edge – How to Use Both Concepts
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EV and Standard deviation in BJ - Blackjack - Gambling - Page 1 - Forums - Wizard of Vegas
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I live in India.
A casino in nearby Nepal offers comps worth 1000 USD if I play 750 Black jack hands for USD 55 each.
The more info are 3:2 BJ, shufflemaster 126, dealer stands on all 17, double allowed blackjack standard deviation per 100 hands 9,10,11 only; only one split permitted, no hole card, surrender permitted except against blackjack standard deviation per 100 hands dealer ace.
I am pretty good at using the basic strategy and have been using it for years.
What is the probability that in the long run, i will loose more than 1000 USD, 2000 USD and 3000 USD respectively.
Also, if a similar offer was available on Baccarat blackjack casino top 3 side bet I prefer it.
Baccarat here is non commission with half win paid when banker wins on 6 and six deck as well as continuous shuffle options are available.
DogHand replied to me in another thread and explained this very well, here is the extract just pick EV of -2% approx.
This means that if you play "n" hands, your total EV will be -0.
For flat-betting with Basic Strategy, BJ has a Standard Deviation per hand of about 1.
This means that if you play "n" hands, your total SD will blackjack standard deviation per 100 hands 1.
Approximately 95% of the time, your actual result will be within 2SD of your EV.
Let's play with some numbers to illustrate.
If you play 100 hands, your EV is -0.
Your SD is 1.
This means that, with 95% certainty, your actual result will be between -4-23 and -4+23so in the range of -27 to +19 units.
Thus, you have a reasonable chance to be ahead after 100 hands.
If you play 10,000 hands, your EV is -0.
Your SD is 1.
This means that, with 95% certainty, your actual result will be between -400-230 and -400+230so in the range of -630 to -170 units.
Thus, you will almost certainly be losing after 10,000 hands.

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Well, Blackjack is a game of many variables, complicated by a lack of. “win rate” in dollars per hour, the “standard deviation” in dollars per hour, the amount of the. ROR should apply as long has he doesn't play many more than 100 hands.


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The Myth of Card Counting – Jude O'Kelly
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Why learn an easy-to-memorize simplified blackjack basic strategy?

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What would be the standard deviation per hand in blackjack using basic strategy, playing 1,2, or 3 spots with a 1 to 4. That's per 100 hands.


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The Myth of Card Counting – Jude O'Kelly
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Advantage gamblers hone their skills in a specific game so that they can make long term profits.
The goal in any of these games is to maximize your profits through a combination of strategy and large bets.
Obviously, this sounds great if you want to supplement your income or even make a full time living through gambling.
This refers blackjack standard deviation per 100 hands the risk of ruin concept, which is important to any aspiring advantage player.
Understanding and applying blackjack standard deviation per 100 hands of ruin to your favorite game gives you a better chance of winning in the long run.
What is Risk of Ruin?
No serious card counter would start with a 100-unit bankroll, but this is an easy way to express the bigger picture.
Increasing your bankroll to 300 units now makes your risk of ruin much lower.
They blackjack standard deviation per 100 hands will lower their risk by having a larger bankroll.
Your bankroll is three times larger than your desired profit goal.
Why is Understanding Risk of Ruin Important to Advantage Gamblers?
Advantage gamblers want to bet at a level where they can make solid profits without putting their bankroll in jeopardy.
It makes little sense to place oversized bets when you have a small long-term advantage.
Your goal should be to exploit this small edge over time.
This allows advantage players to determine how large their bankroll should be before they start gambling.
Another important point here is how volatile advantage gambling can be.
Even advantage players suffer through ups and downs.
Having an adequate bankroll ensures that you survive the low points so that your advantage can be realized.
If I put my entire bankroll into one hand, then my risk of ruin is 40%.
This way, my 10% edge brings me consistent profits throughout the game.
How do You Calculate Risk of Ruin?
These tools are nice because you can input a few variables and calculate your risk of ruin.
And this is easier said than done for advantage situations.
But you should be able to develop a good idea on your win rate with experience.
For example, poker and card counting call on players to make variable bets based on the situation.
Therefore, you may want a more detailed number to use for determining risk of ruin.
The next step is to divide your bankroll by the average bet size, then plug this into the risk of ruin calculator.
Daily Fantasy Sports Daily fantasy sports run in tournament format.
This means that you pay a buy in plus a small house fee to compete.
Of course, you must take the entire amount into account for risk of ruin purposes.
Speaking of which, you start by determining bomber video blackjack average betting unit.
But you should be able to come up with a reasonable guess on your average fees based on what stakes blackjack standard deviation per 100 hands play.
After all, this is the same format — just with another game.
Instead, you buy into a cash game max 100 big blinds and can win or lose a variable amount.
In fact, these tools expect you to use a predetermined risk of ruin to decide your bankroll size.
Amateurs should use a figure between 1% and 5%.
Standard deviation refers to the volatility of your results over 100 bb or hands.
The higher your standard deviation, the more volatile your results will be.
Playing style affects how close your win rate will be to the average.
Aggressive players will see a wide variation in their 100 bb results.
The easiest way to find your standard deviation is by using PokerTracker while you play online when allowed.
This software tracks your hands and offers you helpful statistics afterward.
You can even calculate variance manually by tracking your results every 100 hands.
This data can then be entered into Excel to determine your standard deviation.
Your bankroll will be almost untouchable with 27.
Sports Betting Sports wagering is the easiest advantage play activity for determining your risk of ruin.
Instead, you either win or lose your wager.
Many sports bettors like to break their bankroll down into read more units, then wager one to two units per contest.
Your risk of ruin to win 100 units is still fairly high at 3.
This means that you might want to have an even larger bankroll than the standard 100-unit recommendation.
The reason why is because it has multiple payouts that range from one coin up to 4,000 coins.
Nevertheless, you can still figure out what kind of bankroll you need to avoid busting in this game.
Video Poker for Winners, which is found at VideoPokerforWinners.
His table factors in cashback CB with blackjack standard deviation per 100 hands to bankroll requirements.
This is why you need so many units to avoid busting while chasing profits.
Risk of Ruin in Gambling vs.
Investing Advantage gambling draws many https://artwinajans.com/blackjack/blackjack-jewelry-cross.html to investing.
And one of these parallels is risk of ruin, because investors also use this concept to determine the odds of losing all of their capital.
But stock and cryptocurrency traders differ from gamblers in that they have different strategies.
Specifically, they can hedge investments and diversify.
Hedging refers to mixing your portfolio with safer and riskier investments to mitigate risk.
Furthermore, you want the investments click here be opposite of each other so that your risk is close to zero.
Experienced investors have more complex ways to hedge, but this represents an easy way of doing it.
Diversification refers to purchasing a broader range of assets to limit your risk.
You can diversify with a wide range of stocks, or do it by purchasing stocks, cryptocurrencies, commodities, and bonds.
Certain forms of advantage gambling can also incorporate hedging and diversification.
Sports bettors will sometimes hedge bets in a way that minimizes losses.
But outside of these examples, gambling strategy is different from investing.
Therefore, you protect yourself from risk of ruin in a different matter.
I believe investing features a smaller risk of ruin when dealing with a comparative bankroll.
Contrast this to video poker, where you need to play the same machine over and over blackjack standard deviation per 100 hands win.
Keep in mind that advantage gamblers benefit the most from understanding this concept when compared to the average bettor.
The reason why is because advantage players rely on their bankroll to make consistent profits.
And as long as you can protect this bankroll, you have a stronger long-term chance of winning.
The math behind determining risk of ruin is intimidating at first.
But luckily, there are calculators and other tools to help in the blackjack standard deviation per 100 hands />Michael Stevens Michael Stevens has been researching and writing topics involving the gambling industry for well over a decade now and is considered an expert on all things casino and sports betting.
Michael has been writing for GamblingSites.
Darth Vader is a powerful force for darkness in the Star Wars movies.
While I enjoy playing… On Saturday, January 4th, the Buffalo Bills and the Houston Texans will kick off the NFL Playoffs with an exciting….

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To calculate the amount you win or lose, you basically take the square root of the number of hands played and multiply by 1.14. So that means for 100 hands of blackjack, yields a standard deviation of 11.4 in this case.


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Video Poker Games – Why Do I Lose Faster Than in Blackjack Games?
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Not long ago my buddy Patrick went to Las Vegas.
He spent a lot of time playing blackjack, but he got bored and wanted to try something different, so he switched to video poker.
He source me that he was mad at me for recommending video poker to him at all.
He might have made a couple of mistakes, though.
The Concept of Volatility in Gambling Games To understand why he was losing money so fast at the video poker games, you need to start with a rudimentary understanding of how the math works with gambling.
The first thing to understand is that all casino games have a mathematical edge over the blackjack standard deviation per 100 hands />This includes both blackjack and video poker, as well as any other blackjack standard deviation per 100 hands craps, roulette, or slot machines you might want to play in a casino.
That mathematical edge is quantified as a percentage.
But only over the long run.
In the short run, anything can happen.
Volatility refers to how likely it is to deviate from that average over time.
But with some casino games, that deviation is larger than with others.
The house edge on that game is a little over 5%.
The volatility is low, though, because of the even money payouts that happen almost half the time.
Of course, the house edge on this hypothetical game is also right around 5%.
Differences in Blackjack and Video Poker Now click here for a minute about how this applies to the games of blackjack and video poker.
Video poker, on the other hand, is just like blackjack standard deviation per 100 hands slot machine.
The payoff for this hand is 1 for 1.
This has what should be an obvious effect on the volatility of the game.
If you get a blackjack, the hand pays off at 3 to 2.
Those are the best possible odds you can hope for, in fact.
Sure, there are situations where you can get more money into action.
You can double down or split hands.
Of course, no one plays Jacks or Better for the chance to win 3 for 1 on their money.
Everyone plays Jacks or Better for the jackpot—the royal flush.
This hand pays off at 800 for 1, but it only comes up once every 40,000 hands on average.
You should be starting to get an idea for why you might be losing money faster at video poker than blackjack now, even though the house edge might be about the same.
The difference is the number of bets he was making per hour.
To top that off, the volatility situation I talked about matters, too.
The Dangers of Multi-Line Video Poker Of course, my friend could have mitigated those bigger losses quite a bit blackjack standard deviation per 100 hands not playing the multi-line version of the game.
The other thing to watch out for from multi-hand video poker games is the pay table.
These pay tables return 99.
This means the house edge is 2.
What does that mean to your average hourly loss?
The difference between 0.
But the house edge is more than 5 times higher for the other game.
Any mistakes or deviations from perfect strategy increase the house edge.
Basic strategy in blackjack is easy enough to learn, though.
You can also memorize a color-coded table, or just buy a laminated basic strategy chart from the casino gift shop.
You could print one out online, too.
Video poker strategy is a little more complicated because the variations of video poker are so different from each other.
These strategy charts take the form of a hierarchy of hands in order of desirability.
You just go click here the list until you get to a hand that matches what you have.
Those are the cards you keep, and you throw away the rest.
If blackjack online deviate from strategy, the house edge goes up.
The same is true of video poker.
Some of that is just related to the difference in volatility from one game to the other.
More of it has to do with the speed with which the games are played.
I think Patrick will be fine regardless of whether he continues to play blackjack or video poker.
As long as he stays away from those wicked slot machines, anyway.

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player splits two cards into two hands he will continue to play the two hands as usual.... A mean of 49 and a standard deviation of 132 per 100 rounds of play.


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Video Poker Games – Why Do I Lose Faster Than in Blackjack Games?
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How to Beat range in Poker Live and Online: Poker Strategy Tips.
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However, you can predict the probability of being able to tolerate the swings for a blackjack standard deviation per 100 hands bet size and for x time period.
The greater your bankroll the greater your chances of staying within the SD for a given timeframe.
Post 50 by SAGE gives a good overview of how this relates to blackjack and the calculations to determine probability.
Ray makes a good point, standard deviation is different from win rate or expected percentages and is determined by bet size for a given time period.
Take the square root of that number and multiply by 1.
You can use SD to determine how much to bring to the casino for a session.
For flat betting its easy to figure out.
A counter can use expected frequency distributions to determine bet size and SD.
For progressions its more difficult because you can't predict what kind of streaks you'll have what your average bet size will be, although you could make an educated guess and be close double deck blackjack rules />You most likely will be spending over 90% of your time at the 1,2,3 levels, but mostly at the 1,2 level.
The extra five bucks allows for the occasional 3rd level.
How about the 4th and 5th levels you say?
Well, those are few and far between.
What would be the correct %.
My classis example would be Ace-2 vs.
DOUBLE has an expectation of +13.
The player should hit, not double.
Another example would be when you get 88 vs.
The process caries a huge variance within.
The player should surrender rather then splitting.
There are several factors that effect your standard deviation or variance for that matter.
I suggest that you make your insurance play very accurately when you have a potentially winning hand like A8, A9, TT, BJ, 11 56,74,92 or 10 55,64,73,82 If you win at least half of your bet every time you get a 19, 20 or a full bet when getting a BJ vs.
Do not ever over bet your bankroll.
Do NOT make strategy plays that require marginal splits or double downs.
Seek out games that offer Surrender.
The player should hit, not double.
Another example would be when you get 88 vs.
The process caries a huge variance within.
The player should surrender rather then splitting.
If that is true, why does the basic strategy chart at blackjackinfo.
It has been said that TT is the absolute worst hand to insure.
I see it happening all the time when I play.
Are you talking about advantage plays as a counter as opposed to basic strategy for a non-counter?
Would there be a difference, anyway, in how you play those hands mentioned above?
It doesn’t take into account the VARIANCE variant fremont street cheap blackjack can for that matter the Standard Deviation.
It only take into account which method of play loses less or wins more over the long run when the player is flat betting.
Now, in the case of A2 vs.
A, this play is kind of more delicate.
Obviously if you do not count and only flat bet the game and do not have any idea of the value of remaining cards to be played you probably should not insure.
On the other hand, if you bet by the count and have a max bet out you obviously will insure because the count is very elevated.
That’s why you have the max out :!
Ace, to make sure that if the dealer has a BJ, I push, or I win unless he’s got a 9 in the hole where in that case I lose half the bet.
So, I’m risking half bet to make sure I will have at least half bet profit.
Matter of fact this play is better then splitting 8,8 vs.
T in most circumstances when one is risking two bets without any hope against the T up card.
It appears you are using these figures as “stand alone” numbers and not relating them to “real play”, which of course doesn’t prove anything.
Let me try to explain with your statement about A-2 vs 5.
” The key word here is your use of “ huge”.
Size your bankroll to include the SD of your method.
If you play 100,000 hands in your lifetime, the hundred bets on A2v5 is a swing of what.
A typical 4 hr.
Grifter said it best; know what's what for the free blackjack espn your playing and further, know your own "EXPERIENCE".
One question for the board: Do you think it makes any sense at all to develop your own variations to basic stratey, when the best possible way to play the game was detemined 30 years ago and remains true today?
A typical 4 hr.
Grifter said it best; know what's what for the game your playing and further, know your own "EXPERIENCE".
One question for the board: Do you think it makes any sense at all to develop your own variations to basic stratey, when the best possible way to play the game was detemined 30 years ago and remains true today?
The only thing I can say is that my betting and playing system will extract more money over and over in short sessions then any other card counting system ever devised.
Obviously my sort runs will add up to the long run.
I am into the 25 years long run and still making money steadily.
Moreover, in 1982 I challenged Kenny Uston to play his APC advanced point count system against mine for one hour in Caesars Las Vegas.
The deal was that one would play for an hour and record the hands then we would go over the hands and play them both ways.
He initially agreed, once he and his business associate studied my betting system, he agreed that I will win more in that short run than his system, backed out of the deal and admitted my system would beat his betting system based on card counting.
As I've posted previous, my thoughts are that the phrases 'Basic Strategy' and 'varying the bet' are mutually exclusive terms.
When you vary the bet playing Basic, you are exposed to greater risk than Basic presumes, and MUST manage financial variance.
Having said that, when one DOES wager 1 unit, and plays Blackjack standard deviation per 100 hands, the strategy presented for the conditions are the best plays to make.
I must state again, Blackjack standard deviation per 100 hands blackjack knives classic model 125 put in action 100K when you have A2 vs.
I honestly think you are still looking at the ‘tree’ instead of the ‘forest’; or the ‘big picture’ of real play.
As I posted yesterday, blackjack standard deviation per 100 hands matter how you slice it the deviation in your total turn for that particular play is going to be one average bet per 1,000 hands.
If that still bothers you, then by all means don’t make the play; it is extremely marginal anyway.
And let’s make it really “real” for this forum Let’s make our player a member of this group.
We will average 100 hands per hour; therefore 6.
It will take 100,000 hours to play those hands, and live app know.
Our player is going to play 50 hours per blackjack standard deviation per 100 hands, therefore 8.
Kinda’ makes that “huge” variance rather insignificant, doesn’t it?
And finally, and this is my last post on the A2 vs 5.
Why wouldn’t you :?
Where can I find that game?
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