Basic Strategy and the Casinos Advantage
- Thread starter salmon
- Start date
So the book is incorrect? This is what the passage says
"A surprising conclusion of later computer studies, also reported in Thorp's book, was that the Baldwin group had miscalculated the house advantage. Instead of the claimed 0.62 percent in favor of the house, it was about 0.10 percent in favor of the player. This is without counting cards."
"A surprising conclusion of later computer studies, also reported in Thorp's book, was that the Baldwin group had miscalculated the house advantage. Instead of the claimed 0.62 percent in favor of the house, it was about 0.10 percent in favor of the player. This is without counting cards."
i don't know who this poundstone fellow is, but from a historical perspective I believe Thorp mentions that no one really knew what the house edge was, because BS hadn't even been invented/discovered. most people were probably giving the house a bigger edge than they have now, since even now, most ploppies know something about BS.