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.
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