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The most studied game in the casino is blackjack, by players, experts and bosses alike. Ever since Dr. Ed Thorp published his ground-breaking book, Beat the Dealer, in the early 1960s, blackjack has roared to the front and center of the casino table-game hierarchy, surpassing craps, the once and, perhaps, future king. The reason for blackjack's success, for both the players and the casinos, is the fact that the players' decisions do have a real, quantifiable impact on the players' expectation. In the long run, how much a player wins or loses is largely up to the player. A good basic strategy player (basic strategy is the computer derived play of every player hand against every dealer upcard) can play against house edges of one-half to one-tenth of one percent. Another reason for blackjack's popularity is the fact that with card counting, a skilled player can actually get an edge over the house. Once players found this out, they flocked to play the game and lost hundreds of millions of dollars in the process. The fact that a game can be beaten doesn't mean just anyone can do it. The fact that some people can play in the NBA or in the Major Leagues doesn't mean that every kid who ever put on a jersey or swung a bat is destined for the big show. What has kept most people from enjoying low edges against them or gaining the edge for themselves? I asked this of Paul McKenna, a professional blackjack player, one of the elite of the field. His response was harsh but instructive. "The stupidity, laziness, bull-headedness, and arrogance of the ill-informed and the ill-educated thinking they know it all." He went on, "We know from billions of computer runs and hundreds of studies and from math just what the right moves are for every hand, yet players obstinately insist on playing in an inferior manner - which just causes them to lose more than they otherwise would." "Players have
crazy ideas as to what constitutes good strategy too."
These are not the
only hands that fall prey to Bogus Blackjack decisions but they are
indicative of how many players think they are making a smart choice
when, in fact, they are making the wrong choice. I'll let Mr. McKenna
sum it up: "In blackjack, you either play smart or stupidly. There
is no in-between." |
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