Bet Strategies

N. Richard Werthamer ()
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N. Richard Werthamer: University of New York

Chapter Chapter 9 in Risk and Reward, 2009, pp 81-114 from Springer

Abstract: Abstract Blackjack is a game in which the expected return on a given round differs from that of the previous round, because the pack composition has changed; as a result of the differing return, the bet should change correspondingly. A proper analysis of risk in such a game must account for these fluctuations. Nevertheless, analysis of a simplified game in which the return and bet stay fixed is a useful warm-up exercise, in terms of both the mathematical tools employed and some characteristics of the results. The reasoning here, as in much of this chapter, follows Werthamer (2005).

Keywords: Diffusion Equation; Fourier Representation; Effective Yield; True Count; Drift Diffusion Equation (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-1-4419-0253-5_9

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