Play Deal or no Deal - How to Win
The TV show “Deal or no Deal” is sweeping the world and is now available on television screens all around the world. Your chances of playing the show on TV are slim but I’m happy to report that you can play “Deal or no Deal” anytime on the internet on many online bingo sites.
Playing the game you start by choosing the box to keep that you hope contains the big prize. One by one you then discard the other boxes from the game by carefully selecting which of the remaining boxes to open. The Banker will attempt to do you a good deal and buy your box with a shrewd offer. Now the choice is yours to deal or no deal in the hunt for a big cash prize
The mathematicians out there will already have noticed that the expected value for Deal or No Deal is simply the arithmetic mean, or more simply, the average dollar amount remaining in the cases. Let’s say you have four boxes left which contain £1000, £500, £200 and £100 which make the sun of £1800. The mean would be £1800 divided by 4 which equates to £450. If you are offered more than £450 then you should deal. Risk aside, accepting a “deal” for less than the mean should generally be regarded as a poor decision as this is below your expected return.
The online game plays in exactly the same way but you need to factor in your initial stake to make your decision. As a rule you should set a stop loss of 75% of your initial stake compared to the mean of the remaining boxes.
If you are intending to play “Deal or no Deal” for real money then it would be very wise to play the free version of the game to gain a complete understanding and finalise your strategy before risking your own hard earned cash. Also many online sites will offer new sign ups a bonus which in many cases will double your initial stake and so give you an even greater chance of a win if you use a good strategy.
So in simple terms resist the urge to gamble and don’t accept bankers offers less than the mean of the remaining boxes and you will not go far wrong.
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