Re: Blackjack Strategy
This is NOT meant to be a defense of Martingale (or reverse) as a long term profitable strategy. However, if my plan is to go to play some blackjack, with a predetermined maximum loss, then there should be a strategy which gives a higher likelyhood of a big win. It seems that a doubling when you are winning strategy gives the best chance of accumulating chips. Yes, this comes at a higher risk of busto, but my risk of busto approaches 100% anyway, because I'm playing the amount I buy in with, with the hope of a big win. If doubling when losing gives a small chance of being slightly ahead with a large risk of ruin, wouldn't the opposite give a small chance of a big win with a large risk of ruin? This is all in the short run, assuming that I am on the good side of variance for a few hours.
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