Hello. I am trying to put up a team in my area. The games we have access to are 8 decks DAS S17 no surrender $25-$500 tables. We are considering implementing the BP strategy. Our bankroll will be 50k. I am trying to figure out a spotter to BP ratio that minimizes the postive count overlaps across tables. I need some inputs from experienced players in this field. The team will consist at least 2 spotters and a BP. What count is optimal for spotters to call in the BP in this case? The tables won't be too crowded, usually around 2-3 ppl not including the BP. The spotters will be backcounting, and move on to other tables once BP enters. I am thinking a TC = 2 and above. If we can get one more spotter on our team, should I raise the TC to 3 to be efficient enough to avoid overlaps? Ideally, I am hoping I can get a 5 ppl team, with 2 BPs and 3 spotters, is this a good combination? I have played BJ for a while now, but never really played in a team environment.
Secondly, in terms of betting. I have heard many different opnions. According to Wong's book, the Kelly criterion would be 50k x percentage advantage x 0.76 for one hand, 0.56 for two hands and 0.45 for three hands. Assuming that I am only playing one hand, and entering at TC=2+ then my betting ramp would be 190 at TC = 2, 380 at TC = 3, 570 etc... which is apprently too big of a swing and RoR. So the standard is of course somewhere around the ballpark of 0.5Kelly, which makes it about 100 at TC = 2, 200 at TC = 3, 300 at TC = 4, $400 at TC = 5 and $500 table max at TC = 6. On the other hand, Keven Blackwood did not include the adjusting factor of 0.76 for Kelly, and therefore the 0.5Kelly would yield 125 at TC = 2, 250 at TC = 3, 375 at TC = 4, and 500 at TC = 5. Which is more optimal in our situation? What is the adjusting factor that Wong had anyway? One more betting strategy was mention by one of our members here at the forum. It was the betting strategy from the old MIT team. They divided the BR/1000 and figure out the $/unit, then use TC - offset(which is 1) and bet out 1 unit starting from TC = 2. In my case, it would be $50 at TC = 2, $100 TC = 3, $150 at TC = 4, etc... which is ultra conservative. By adjusting a bit by dividing BR by 500, you would yield a betting ramp very close to Wong's optimal betting ramp. So, how do you decide how much to divide your BRs by?
Thirdly, if it's not too much to ask for, can someone run a sim for me please? I understand there's a lot of variables in my case, please make your assumptions and state them when presenting the results. Thanks a lot.
I would really appreciate any input from you. Hopefully I can get all these factors sorted out before we go to the casinos. Thanks in advance.
Secondly, in terms of betting. I have heard many different opnions. According to Wong's book, the Kelly criterion would be 50k x percentage advantage x 0.76 for one hand, 0.56 for two hands and 0.45 for three hands. Assuming that I am only playing one hand, and entering at TC=2+ then my betting ramp would be 190 at TC = 2, 380 at TC = 3, 570 etc... which is apprently too big of a swing and RoR. So the standard is of course somewhere around the ballpark of 0.5Kelly, which makes it about 100 at TC = 2, 200 at TC = 3, 300 at TC = 4, $400 at TC = 5 and $500 table max at TC = 6. On the other hand, Keven Blackwood did not include the adjusting factor of 0.76 for Kelly, and therefore the 0.5Kelly would yield 125 at TC = 2, 250 at TC = 3, 375 at TC = 4, and 500 at TC = 5. Which is more optimal in our situation? What is the adjusting factor that Wong had anyway? One more betting strategy was mention by one of our members here at the forum. It was the betting strategy from the old MIT team. They divided the BR/1000 and figure out the $/unit, then use TC - offset(which is 1) and bet out 1 unit starting from TC = 2. In my case, it would be $50 at TC = 2, $100 TC = 3, $150 at TC = 4, etc... which is ultra conservative. By adjusting a bit by dividing BR by 500, you would yield a betting ramp very close to Wong's optimal betting ramp. So, how do you decide how much to divide your BRs by?
Thirdly, if it's not too much to ask for, can someone run a sim for me please? I understand there's a lot of variables in my case, please make your assumptions and state them when presenting the results. Thanks a lot.
I would really appreciate any input from you. Hopefully I can get all these factors sorted out before we go to the casinos. Thanks in advance.