Premium
Blackjack in Holland Casino's: basic, optimal and winning strategies
Author(s) -
Van Der Genugten B. B.
Publication year - 1997
Publication title -
statistica neerlandica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.52
H-Index - 39
eISSN - 1467-9574
pISSN - 0039-0402
DOI - 10.1111/1467-9574.00057
Subject(s) - order (exchange) , computer science , operations research , mathematical economics , mathematics , economics , finance
This paper considers the card game Blackjack according to the rules of Holland Casino's in the Netherlands. Expected gains of strategies are derived with simulation and also with analytic tools. New efficiency concepts based on the gains of the basic and the optimal strategy are introduced. A general method for approximating expected gains for strategies based on card counting systems is developed. In particular it is shown how Thorp's Ten Count system and the High‐Low system should be used in order to get positive expected gains. This implies that in Holland Casino's it is possible to beat the dealer in practice.