View Single Post
  #5 (permalink)  
Old 03-10-2008, 09:35 AM
kgun's Avatar
kgun kgun is offline
WebProWorld 1,000+ Club
WebProWorld MVP
 
Join Date: May 2005
Location: Norway
Posts: 5,709
kgun RepRank 9kgun RepRank 9kgun RepRank 9kgun RepRank 9kgun RepRank 9kgun RepRank 9kgun RepRank 9kgun RepRank 9kgun RepRank 9kgun RepRank 9kgun RepRank 9
Default Re: Can you beat the dealer or the casino?

I define gambling such:

A = Event.
I = Information set.
0 <= P <= 1 Where P = Probability of success. P = 1/2 ==> Random outcome of tossing a coin in the long run.

P(A|I) = P(A).

There is no information in the information set I.

I can not understand that American casion's have made blackjack a random lottery. Then you definitely need luck to suceed. I don't trust luck.

The casiono will make money since there are only a few informed players (that count). Most players rely on luck and go to the casiono to have fun.

Last edited by kgun; 03-10-2008 at 09:39 AM.
Reply With Quote