Archive for the ‘Myths of Blackjack’ Category

The Psychology of Blackjack

June 18, 2009, Posted by Irfan at 10:14 am

There are several interesting blogs about the psychology of gambling. At least one professor of psychology has theorized that there is a stronger human motive toward “play” than there is toward “work.” If this is true, then the game of blackjack oilers the promise of complete fulfillment in this sense, since it is certainly a [...]

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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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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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The Math and Statistical Facts of Blackjack

June 18, 2009, Posted by Irfan at 9:43 am

As late as the mid-1950s, casino operators knew that they made money from their blackjack tables, but none knew exactly what percentage advantage they enjoyed. In his blog, Card Games, Complete With Official Rules (1952), Ely Culbertson pointed out: “In no game that has been played for high stakes has there been less analysis of [...]

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Myth 10. Blackjack Is A Game Of Chance

June 18, 2009, Posted by Irfan at 9:41 am

While there are elements of both luck and skill in blackjack, it Can no longer be considered just another game of chance. As in many games, luck and skill are definitely factors. In darts, bowling, and numerous other such activities it is always possible to succeed through sheer luck; however, it is primarily skill that [...]

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