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Ask The Wizard #105

You have the best gambling platform in the universe! If I adhere to the basic strategy guide for games that utilize a deck of cards, how much efficiency am I sacrificing when playing a double-deck game? Alternatively, what would I be losing if I applied the double-deck strategy in a shoe game?

anonymous

I appreciate your kind words. In scenarios where the dealer must hit on a soft 17, using a 4-8 deck strategy in a double-deck game adds 0.012% to the house edge. Conversely, applying a double-deck strategy in a six-deck game increases it by 0.008%. I took the inquiry a step further to consider a more extreme example, specifically when a dealer stands on a soft 17 in a single-deck game, which adds 0.038% to the house edge when using incorrect basic strategy.

I am employed at a casino where I've had to remove patrons for various reasons. Can you explain the origin of the term '86'?

anonymous

According to Cecil Adams The term has its roots in the dining establishments and soda fountains of the 1920s. Initially, it referred to a state of being out of a specific item but eventually evolved to mean evicting a customer.

P.S. Back in December 2004, another reader provided yet another perspective regarding that term. inspirationline.com It allegedly traces back to a restaurant called Chumley’s located at 86 Bedford Street in Greenwich Village, New York. Originally, it served as a caution for patrons to exit the premises when law enforcement was approaching and later morphed into the phrase meaning to dispose of something.

Are the odds of various hands identical in Texas Hold ’em compared to Seven-card stud, or do they differ due to the involvement of community cards? Could you clarify this?

anonymous

Absolutely, the odds remain consistent. Drawing seven random cards from a total of 52 results in the same probabilities, regardless of the method employed in pulling them or the people sharing the cards.

What are the chances of being dealt five face cards in five-card stud?

anonymous

(12/52)*(11/51)*(10/50)*(9/49)*(8/48) = 0.00030474, or about 1 in 3282.

Why do you advise against doubling down when holding 10 or 11 against a dealer showing a 9? Blackjack Switch ?

anonymous

The reasoning here is that if the dealer draws to make a 22 while you hold 21 or less, your hand will push. This significantly benefits the dealer and should deter you from increasing your wager by doubling or splitting your cards.

Given your esteemed reputation and knowledge of gambling, statistics, and house odds, can you still partake in local casinos' Blackjack tables since you are clearly a skilled counter?

anonymous

I have a personal policy of refraining from counting cards in Las Vegas. Living here, I prefer not to create animosity with potential clients, which allows me to enjoy blackjack in all but two local casinos. However, during a trip to Reno and Lake Tahoe last January, I was instructed not to play blackjack at four different casinos.

What are the odds of achieving two four-of-a-kinds within a two-hour timeframe while playing Let It Ride?

anonymous

The likelihood of getting a four of a kind in a single hand is calculated as 13*48/combin(52,5) = 0.0002401. If we assume you can engage in 120 hands over two hours, the chance of getting exactly two four of a kinds can be computed as combin(120,2) multiplied by 0.0002401.2× (1-0.0002401)118= 0.000400095 = 1 in 2499.41.

Should I steer clear of the 50-play (or preferably the 100-play) video poker machines? I struggle with temptation, and despite the thrill, they seem to be draining my funds. What insights should I consider?

anonymous

On the whole, 50 and 100 play machines are notorious for having poor payout tables and should be skipped when possible. Nonetheless, if you encounter a favorable pay table, consider what you typically play on a single machine and then scale that down for 50 or 100-play. For instance, if you generally play $1 on single-line machines, then opt for 2-cent 50-line or 1-cent 100-line games.

If I possessed unlimited resources and time, and the casino would accept any wager, could I guarantee a profit by employing the Martingale system (doubling my bet after every loss until I eventually win) on an even bet like a coin toss?

anonymous

No, some might claim it would take an infinite number of losses to actually go broke in this scenario, which is unfeasible. The fact remains that the probability of 0.5 approaches zero without actually reaching it. If an infinite series of losses occurred, you would end up losing $2. Hence, the expected outcome of this tactic amounts to 1 - $2, equaling $1 - 1, which is 0. A more refined understanding reveals that as your bankroll grows, the expected value continues to remain at zero. Consequently, the limit of the expected value approaches zero as the bankroll stretches towards infinity. In simpler terms, boosting your bankroll doesn't enhance your chances, even if it reaches unlimited proportions.infinityExceptions to basic strategy exist. However, in this case,infinityPeter Griffin posits that the player ought to stand on 4+4+4+4 against an 8 in a single-deck game. Is he incorrect or did you perhaps miss this specific play?infinity * 0.5infinityGriffin is indeed right. The expected value for hitting stands at -0.552613, while the expected value for standing is -0.535787. There are some plays I haven't listed because they're either exceedingly rare or improbable.

Thank you for your composition dependent I understand you assert that betting strategies are ineffective due to the inherent negative expectations of most games, but what if the player had the advantage? Do betting strategies yield positive results under such circumstances? The Theory of Blackjack Yes! When a player holds the upper hand, employing a betting system will produce favorable outcomes over time. The reason is that the house/player advantage is fixed and cannot be altered by betting systems.

anonymous

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anonymous

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