What was the pit's reaction? Unknown to J, his deliberate
style of play had long ago caught the attention of
counter catcher Abram Carter who had been using the
Roberts' ten count to case the shoe from the catwalk.
Carter, assigning -2 to each ten and +1 to all the
non-tens, had a running count of 204 and, although
he was oblivious to the ace-richness of the 100 remaining
cards, he knew that insurance was not warranted until
the running count exceeded 208 in a 52 deck game.
Consequently he signaled the pit that J had taken
a sucker insurance bet and that they should comp the
rest of his stay in hopes that they could get their
money back. As a result, Jay's logarithm grew unboundedly
it may come as a surprise to many who believe in optimal
proportional betting that they should occasionally
take negative expectation insurance bets, a few guidelines
are in order. A Kelly bettor should consider insuring
at least a portion of his Online Blackjack Games against
a dealer's ace if p, the proportion of unplayed tens
in the deck, exceeds 1/3(l+f), where f is the fraction
of capital the player has bet. Note that this fraction
is somewhat less than 1/3, which is the critical fraction
for card counters trying to maximize their expected
ialth rather than, as the Kelly criterion decrees,
optimizing the average logarithm of their ialth.
you put in a lot of hours, you don't know if you're
winning because you're good or because you're lucky.
Maybe it's some of both, but short-term luck can cause
you to think you're a better player than you really
don't have a lot of discretionary capital to devote
to poker, start low and stay low until you start winning
so you're not just throwing money away. Play at the
lowest level that gets your attention. If you enjoy
winning at $3-$6, there is no need to play $10-$20
just because you're rich. Succeed at one level before
moving up, because even most wealthy people prefer
winning moderate amounts at small stakes to losing
large amounts at high stakes.