| Miscellany |
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But the major barrier to such perfectly scaled wagering
is that it quickly Online Poker Guru Tips off the
casino to the player's identity as a card counter.
When we first started playing, we religiously ranged
my bets according to Epstein's criterion of survival.
Going from $1 to $5 to $11 to $2 was not an uncommon
pattern for me until we came to realize we was paying
a far higher price in casino countermeasures than
the theoretical minimization of my ruin probability
was worth. (Besides, when the truly degenerate gambler
is wiped out of one bank he need only go back to honest
work for a few months until he has another.)
in my opinion the entire topic has probably been overworked.
The major reason that such heavy stress has been placed
on the problem of optimal betting is that it is one
of the few which are easily amenable to solution by
existing mathematics, rather than because of its practical
importance.
Nevertheless, we can gain some insight into the situation
by contriving a simplified, variable advantage, compound
game which approximates Online Blackjack Games. Suppose
Greta Gross and Opie Optimal both are required to
bet at least one unit on each play of a game which
has a 2% disadvantage 60% of the time, a 2% advantage
30% of the time, and a 6% advantage 10% of the time.
The game resembles basic strategy Online Blackjack
Games with about 28 cards left in the deck, since
for flat bets it is an even game, but every extra
unit bet in favorable situations will earn 1.2% of
a unit per hand. |
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| Every Cardroom has a Player
Like Tom |
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| Tom
comes in at noon and buys in for the minimum, usually
one stack, say 20 $5 chips in a $5-$10 game. He starts
out playing tight and that's usually enough to win
in this game. If he doubles up, he leaves. He might
not even stay past the first round. The night players
hardly ever see Tom. But if he gets stuck, his play
changes and he starts playing a lot of hands. He buys
stack after stack and keeps playing.
If anyone
in the night crew sees him in the game when they come
in to play, they say, "Tom must be stuck; he's
still here." Tom stays until he runs out of borrowing
ability on his credit card, the game breaks up, he
falls asleep, or he gets even. That last is the least
likely. When he has a disastrous session like that,
the players don't see him for a week or two. Tom wins
90 percent of the time and he's one of the biggest
losers in the club.
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