bubblesort
Member
I've been reading K-O the Casinos and Play Blackjack like the Pros. I've come across some numbers that make me question why I should continue with learning to count:
With the most advanced K-O strategy in Atlantic city (6 decks) my expectation is 0.73% That's not even a single percentage point in my favor. Both books say that K-O is about as effective as other counts in shoe games so everybody probably has an expectation of about 0.73%? Why do people put in so much effort for such small margins? I understand learning BS gives you a huge edge compared to unskilled play but 0.73% seems rediculously small payoff for the amount of practice time it will take for me to be able to pull off counting in a casino. On average that's $7.30 profit for every $1000 I put down? That doesn't jive with the money management numbers in the book but they never connect the dots to explain how the expectation relates to money management except a few blurbs about Kelly betting.
So why do we do this? It seems like we're relying on standard deviation to make most of our money. Is it only media hype that got the casinos knickers in a twist over the counters advantage? Am I missing a formula? Should I get a different book?
I have a headache from trying to figure this out. Any help would be much appreciated.
~~Good Luck!~~
With the most advanced K-O strategy in Atlantic city (6 decks) my expectation is 0.73% That's not even a single percentage point in my favor. Both books say that K-O is about as effective as other counts in shoe games so everybody probably has an expectation of about 0.73%? Why do people put in so much effort for such small margins? I understand learning BS gives you a huge edge compared to unskilled play but 0.73% seems rediculously small payoff for the amount of practice time it will take for me to be able to pull off counting in a casino. On average that's $7.30 profit for every $1000 I put down? That doesn't jive with the money management numbers in the book but they never connect the dots to explain how the expectation relates to money management except a few blurbs about Kelly betting.
So why do we do this? It seems like we're relying on standard deviation to make most of our money. Is it only media hype that got the casinos knickers in a twist over the counters advantage? Am I missing a formula? Should I get a different book?
I have a headache from trying to figure this out. Any help would be much appreciated.
~~Good Luck!~~