 
| ||
|
|
|
IMPACT OF PLAYING OPTIONS
ON HOUSE EDGE
By Alan Krigman
Alan Krigman, and his poetic sidekick Sumner A. Ingmark, has been illuminating the dark recesses of casino gambling for more than a dozen years. Mr. Krigman is especially well known for sharing his insights into the mathematics underlying the various games (including blackjack), the influence of volatility and skewness as well as edge on bankroll during the course of a session, and the impact of betting as well as decision strategies on expected performance. A searchable archive of Mr. Krigman's prose and Mr. Ingmark's muse is online at
http://www.iconworldwide.com/winningways/search.php.Highly-informed blackjack buffs know the precise house edge they fight by following the rigorous basic playing strategy. When the rules allow doubling down on any two cards, resplitting to as many as four hands, and doubling after splitting, the house edge is only 0.402225 and 0.429881 percent for six- and eight-deck games, respectively. The edge arises simply from wins by the house when the player and the dealer both bust. But, what do the values mean in a practical sense?
Technically, per $100 booked, the casino bosses earn an average of just over $0.40 in the above six-deck game and a bit under $0.43 in the eight-decker. And solid citizens lose this amount, also on the average, per $100 wagered. But the juice tends to be invisible partly because the amounts are small compared to money won or lost. And partly because the figures are averages and apply indirectly to round-by-round results for any individual.
It may be more intuitively rewarding to know the likelihood of coups when players are favored based on their initial hands and the dealer's upcard. Excluding "nonplayable" rounds, where the dealer has a blackjack, the prospect of winning is...
...enter your member login information below to read this article/newsletter...
Paid Members-Only Article
You have clicked on a link to a Blackjack Insider web page or article for paid subscribers. You must have a paid membership to the Blackjack Insider newsletter to view this content. About 1/2 of the articles in each issue of the Blackjack Insider are for paid members only, while the rest are viewable by everyone. Your purchased membership will allow you to read all Blackjack Insider articles for 12 months.
Enter your user name and password below (they were listed and e-mailed to you after you purchased your Blackjack Insider membership):
Forgot your membership id or password? Click here.
How do I get a membership?
A membership can be purchased online at our secure store with your credit card for only $19.95 per year. You will receive a user name and password immediately by e-mail which you can use to read the all past and future members-only articles for 12 months, as well as the regular free articles.
CLICK HERE TO PURCHASE A ONE YEAR MEMBERSHIP NOW... only $19.95
Do I have to buy a membership?
No. Blackjack Insider will continue to be published as a free monthly e-newsletter. But about 1/2 of the articles each month will be for paid members only. Subscribers without a membership can still view and read the non-members articles for free.
What happens after I buy a membership?
Immediately after you complete your purchase, you will receive a unique login user name and password. These are displayed on the final purchase page, and are e-mailed to you. When you click on a members-only article in our web site, you will be prompted for this user name and password (as shown above). Simply enter them, and enjoy the article! Note: make sure you turn on the checkbox above when you login, to save the user name and password so that you don't have to re-enter them every time you view members-only articles.
Why did you switch to paid memberships?
Blackjack Insider is a professional monthly publication with top-notch articles by world-reknown gaming experts. In addition, we have regular reporters that monitor game conditions and tournament schedules throughout North America. We use a partially paid subscriber model to enable us to continue getting the best content for our readers from leading authors on blackjack and gaming.
|
|
©2015, DeepNet Technologies. No material to be copied without express permission of DeepNet Technologies.
This site developed by
DeepNet Technologies, Ontario, Canada. Contact webmaster @ bjinsider . com
if you have problems.
This site is best viewed in a 800x600 graphics mode, or higher.