Actually, all of those gambling theories in regards to Jeopardy don't apply exactly here. They's still be wise, and Eli probably should have followed them, but the possibility of a "push" and a dealer "blackjack" is different from Jeopardy.
With his betting strategy, he's protected from losing (even with a losing hand) in the cases of: Eater losing, dealer blackjack, or Eater pushing.
The only scenario where he loses out is Eater winning.
IF you figure the odds of Eater losing are 50%, Eli protected himself against better than 50% of the possible outcomes. Unfortunately, Eater beat the odds.
(But either way, I was making all the crap up anyways. The fact is, Eater of Sandwiches needed to draw a number smaller than 5 in the Rook cards, and he drew a 2. Eater wins).
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