Originally Posted by
autonymity
My follow up questions are
1) Is this calculation of unit size as being my lowest bet correct or should it be the average bet I place, weighted by true counts?
Lowest bet.
2) Is my method for figuring out variance at a specific count correct,
Yes.
and how would covariance be calculated? (I'm guessing at 1.3 and 1.8, but would like to generate the exact values)
The formula at the bottom of page 20 is the right way to do it. The 0.50 is the covariance between two hands and is based on the correlation of 0.37.
3) Why don't hands where the player splits have to account for co-variance?
Because they're already part of the one-hand calculations. The calculations, such as EV and SD are based on original wagers.
4) Can I use the same strategy for play-all and gambler flat bet approaches?
Sure.
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