Originally Posted by
PinkChip
OK, 1.13 sounds realistic for the average wager when flat-betting.
But is this number coincidentally the same as the 1.1 you mention as standard deviation in BJA3, page 16
(std dev = 1.1 times square root of N, where N ist the number of played hands)?
On the other hand, 1.13 is the average bet, but average is not the same as standard deviation.
[I just looked up pages 18-20 in Stanford Wong's "Professional Blackjack" mentioned above.
He has a benchmark: 6 decks with some rules and High-Low count using a spread of 1:10, from 10 to 100 dollars.
For this benchmark, Wong gives a win rate (= EV) of 16 dollars and a standard deviation of a
whopping 415 dollars, which means 41.5 units (min bets). The average initial bet is 26.54 dollars then,
thus 2.654 times the minimum bet, not only 1.13, due to the increased bets for positive counts].
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