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THE REAL COST OF COVER PLAYS
by Nicholas G. Colon
Nicholas is the Managing Director of Alea Consulting Group, a casino gaming consulting firm with a player centric philosophy. It is staffed with world class players, gaming authors, mathematicians, top legal minds and a variety of industry professionals. Follow Nicholas and Alea on twitter @byth3numb3rs
The first step an Advantage Player takes when he decides to attack a casino game for profit (whether its blackjack, three card poker, craps, or any other game that resides in a casino) is to determine the optimal playing strategy for that particular game. Michael Shackleford at the
wizard of odds website dose an outstanding job in breaking down the minimal amount of dollars a player can lose (or the casino can win) over the long term by determining what the optimal play strategy is for almost every game there is (and in some instances, variations of game, like the soft 17 version of blackjack). Essentially, this means that every game where a player decision is required to proceed, that decision has already been derived so that the player can maximize his win. The next step involves devising a strategy to gain a positive expectation from that game. Sometimes it is necessary to alter the optimal strategy to a slightly "less optimal" strategy so that the astute player can prolong his playing longevity to garnish more profit from a casino.This article will evaluate various "cover-plays," and give the casual or professional player a methodology on how to determine the reduced optimal edge given the employed tactics.
In blackjack, the most effective cover play is "to...
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