Quote Originally Posted by AerialSnack View Post
I haven't encountered that side bet, so I haven't done any theorizing or testing on it. How low or high are we talking? With PYL it becomes profitable once you hit -3 if you play with an index with it in mind. Because of this it would make great cover in my opinion. And I haven't fully optimized this side bet yet so I'm not sure how much better I can make my strategy for it.
Perfect Pairs was invented in Australia and is mainly found on our Blackjack tables. The house edge is a function of the number of decks and the pay table, but, in practical terms, I'm not aware of any way to beat it. You would need to run simulations to get an answer to your question. Years ago I had a True Count of 12 towards the end of a six deck shoe and the pairs were coming out very regularly...but it only happened once.