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Kasey: Dumb question about correlation/efficiency
I frequently read about betting correlation, playing correlation, insurance correlation, etc. and I understand what they mean, but how do you determine it?
I don't remember seeing it discussed in any of my books, other than to say the BC of system X is Y.
Would a correlation of 1 equal perfect play?
In the case of insurance, for example, would a correlation of 1 indicate the dealer would have a BJ every time you take insurance, or only that the odds of the dealer having a BJ would always be more than 1 in 3?
Can anyone recommend a book that discusses this in detail?
Thanks!
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Mister M: Re: Dumb question about correlation/efficiency
Peter Griffin-Theory of BJ will suffice but be warned it is higher level mathematics[for me anyways!!]
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