Basic Strategy and the Casinos Advantage
- Thread starter salmon
- Start date
Covered_in_Bees!
Active Member
Yes. The casino still has the advantage over perfect Basic Strategy. The specific percentage fluctuates with the various rules a casino employs for blackjack. I think the more common house advantage is .05%, but I'm just a noob and could be way off.
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."
cardcounter0
Well-Known Member
The book is correct.
They were talking about single deck, double on any two, double after split, dealer stands on soft 17, with early surrender.
One of the reasons why this particular set of rules no longer exists.
They were talking about single deck, double on any two, double after split, dealer stands on soft 17, with early surrender.
One of the reasons why this particular set of rules no longer exists.
Mimosine
Well-Known Member
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.