Anyone here go to the Casino's?

[Flipx99 5,000+ posts]

Blackjack only gives the house something like 0.5% advantage against a knowledgable player. It's small, but it's still an advantage and enough to make money off of or the game wouldn't be featured in almost every casino on the planet.

But when playing against friends, the advantage is far greater than those in poker.

 

[Flipx99 5,000+ posts]

slight edit --- I don't think that you can overlook the fact that even people who know how to play correctly often give in to human shortcomings -- fatigue, inpatience, superstition, hunches, drunkeness, wnating to get even, etc.,

No. A rational person doesn't give in to such things. That is what them a superior player.

 

[WhoSayWho? 5,000+ posts]

If you are interested in such things, there are several economists who quit writing to play professional poker. I have a feeling some of my favorite economists will quit publishing for this reason.
It's all math, I just find the Math for blackjack slightly easier than the math for poker. However, I always play against "friends" or whatnot who don't think of the math behind the cards, only the pictures.

I do not gamble, because it's too fast, either win or lose. It's much too fast. Their is no pleasure from the result of you due dilligence.

Oh I don't kid myself. I know that I am not good enough to play professionally. I have logged hundreds if not thousands of hours in at the poker tables and I still don't play with more than I can stand to lose. No matter how well you play the luck factor still comes into play and you can go on losing streaks that last a while. Luck factor creates a lot of variance.

 

[saywhat? 5,000+ posts]

the only way the dealer has the advantage is on busts, the way i see it. but, its an "easy" game thats a ton of fun to play. are there any sites to read up on the odds of different situations?

 

[WhoSayWho? 5,000+ posts]

Absolutely. Just google blackjack and you will find plenty of sites. You can also pick up one of any number of books on the topic.

 

[Flipx99 5,000+ posts]

Oh I don't kid myself. I know that I am not good enough to play professionally. I have logged hundreds if not thousands of hours in at the poker tables and I still don't play with more than I can stand to lose. No matter how well you play the luck factor still comes into play and you can go on losing streaks that last a while. Luck factor creates a lot of variance.

I have never played in a professional place. I went to a casino and I cannot say its my cup of tea.

Although option trading is far faster and more volatile than any poker table (digital or tangible), I can price the risk far better. I can calculate when to get in and when to get out. My tolerance for that type of risk isn't that great.

I don't know about luck. How does your perception of the cards change the outcome. It only changes your play, not the cards themselves. The cards you get cannot be changed by your perception of them.

You can't will yourself a Royal Flush (and I have never seen one).

 

[Flipx99 5,000+ posts]

the only way the dealer has the advantage is on busts, the way i see it. but, its an "easy" game thats a ton of fun to play. are there any sites to read up on the odds of different situations?

What level Calculus do you know?

 

[Flipx99 5,000+ posts]

the only way the dealer has the advantage is on busts, the way i see it. but, its an "easy" game thats a ton of fun to play. are there any sites to read up on the odds of different situations?

Don't worry about "odds" and worry more about the person you are playing against and the positive expectations that place on certain hands.

 

[Flipx99 5,000+ posts]

Here are some good articles. You may have tp pay for some:

The American Statistician > Vol. 29, No. 2 (May, 1975), pp. 84-88

Journal of the American Statistical Association > Vol. 54, No. 288 (Dec., 1959), p. 810

The American Mathematical Monthly > Vol. 90, No. 7 (Aug., 1983), pp. 431-436

 

[DejaWiz 5,000+ posts]

slight edit --- I don't think that you can overlook the fact that even people who know how to play correctly often give in to human shortcomings -- fatigue, inpatience, superstition, hunches, drunkeness, wnating to get even, etc.,

You are exactly right. Putting the player in an environment with a lot to distract them is obviously ideal.

 

[WhoSayWho? 5,000+ posts]

I have never played in a professional place. I went to a casino and I cannot say its my cup of tea.
Although option trading is far faster and more volatile than any poker table (digital or tangible), I can price the risk far better. I can calculate when to get in and when to get out. My tolerance for that type of risk isn't that great.

I don't know about luck. How does your perception of the cards change the outcome. It only changes your play, not the cards themselves. The cards you get cannot be changed by your perception of them.

You can't will yourself a Royal Flush (and I have never seen one).

I don't quite understand what you are getting at when you ask about how one's perception alters the cards. But to answer, it doesn't change the cards.

The luck factor comes in when, based on all the available information, you make the correct decision and yet a statistically improbable result occurs. It can get more complicated that that (sometimes you are behind in the hand -- the hand you are drawing to is improbable - but there is enough money in the pot to justify staying in the hand).

 

[Flipx99 5,000+ posts]

What you call luck, I can a statistical outlier.

Isn't luck just a perception and used to define something you cannot understand? Not to come across negatively, but the cards are already in place after they have been shuffled and whatnot.

Because you didn't forsee/plan, it doesn't make it luck. I guess I am just against using "catchalls" to explain things.

 

[WhoSayWho? 5,000+ posts]

What you call luck, I can a statistical outlier.
Isn't luck just a perception and used to define something you cannot understand? Not to come across negatively, but the cards are already in place after they have been shuffled and whatnot.

Because you didn't forsee/plan, it doesn't make it luck. I guess I am just against using "catchalls" to explain things.

You absolutely have to anticipate luck, or statistical improbabilities, when playing poker. That is part of the game -- and is the only reason millions of hands are played everyday.

 

[Flipx99 5,000+ posts]

You absolutely have to anticipate luck, or statistical improbabilities, when playing poker. That is part of the game -- and is the only reason millions of hands are played everyday.

And that is why I do not play.

How do you anticipate something you cannot calculate?

 

[saywhat? 5,000+ posts]

What level Calculus do you know?

not much at all, but i havent looked at the numbers yet really.

how i played on the cruise is if i had higher than 17 and the dealer had between a 4 and 7, i stayed, in hopes they busted. That way if he hit a 10, we pushed. and any lower it was likely to be a bust...or so i hoped. Low cards i hit anything 15 and lower. and i dont remember the rest i did haha. i doubled up on 11's, and split losing hands.