Archive for June, 2009

More BS Advantages

June 18, 2009, Posted by Irfan at 9:52 am

Following only the BS presented in chapter 3, you will win more, lose less, and sometimes even win instead of losing in the long run, as the following situation illustrates.
When you are holding a pair of 6s versus 4, you will win only 42.5% of the time by standing. The dealer will win 57.5%, which [...]

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Gambler’s Ruin

June 18, 2009, Posted by Irfan at 9:51 am

Observing the 2% Rule mentioned above practically ensures that you will never lose your entire blackjack-playing bankroll. Only those players who place wagers in excess of 2% or play in games where they do not enjoy an advantage will likely experience the gut-wrenching agony of “gambler’s ruin,” i.e., losing all of their gambling money.
On the [...]

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Calculating Appropriate Bet Sizes

June 18, 2009, Posted by Irfan at 9:50 am

There is no need to factor in changes to your BS playing advantage every time you go from one casino to another. Minor variations will not affect the calculation of your bet size enough to worry about. The main consideration used by counters to determine their advantage at any given point in the game is [...]

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How Rules Affect Player Advantage

June 18, 2009, Posted by Irfan at 9:49 am

According to proper BS, playing in two different casinos does not provide the player with identical advantages unless the house rules in both places are exactly the same. Obviously, all other factors being equal, you will not win as much playing in a game with very restrictive rules as in one with more liberal options. [...]

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The Kelly Criterion

June 18, 2009, Posted by Irfan at 9:48 am

Edward Thorp, in his famous Beat the Dealer, first applied this mathematical principle to the game of blackjack, although it applies to all wagering situations. Professor J. L. Kelly originally suggested it and proved it mathematically in 1956, and it has been substantiated in practice by computer runs. Basically, the theory is this:
The optimal betting [...]

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