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50 points obrhubr | 2 comments | | HN request time: 0.517s | source
1. avidiax ◴[] No.41874931[source]
Here's a link to a bigger graph for the Blackjack Scenario:

https://github.com/obrhubr/kelly-criterion-blackjack/blob/ma...

I think it shows that Blackjack is not even theoretically winnable over time if you have to pay for information on the count in the form on minimum bets. The ideal case it that you bet $0.49 for every $1,000 in your investment pool when the count is extraordinarily high.

Even if you hack the casino's cameras so you know the count without having to be at the table, your reward is a growth rate that is very low per hand.

replies(1): >>41890569 #
2. obrhubr ◴[] No.41890569[source]
Thanks for linking the image. You're right in my simulation there is almost no growth, even at a high count and if you're forced to bet every round you would certainly lose money. But it's a simplistic simulation and a real casino offers slightly better odds if the rules are right.