IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-1-4419-0253-5_6.html

Synthesis and Observations

In: Risk and Reward

Author

Listed:
  • N. Richard Werthamer

    (University of New York)

Abstract

The preceding chapters have amply illustrated their contention that blackjack is a game that gives Player many options and as a result can be optimized exhaustively. The reader’s exhaustion may well have begun a number of pages back! But from the body of material presented a synthesis can be extracted. A simple picture for nearly optimal blackjack emerges, one that greatly enhances Player’s yield yet avoids elaborate procedures that do not seem to justify their effort. Let’s synthesize that picture, and then compare blackjack as a game and as an enterprise. The most important message is that how one should play blackjack depends on why one is playing. The great majority of patrons in casinos are there primarily to have a good time. They enjoy the exciting atmosphere, the pleasure of playing an absorbing game, the thrill of risking a modest amount of money. Although they hope to go home financially ahead, they realize that they probably won’t; their priority is to minimize losses and avoid ruin, which would abruptly and prematurely end their session. The remaining patrons, a small minority, are playing primarily to win and are prepared for the hard intellectual effort that winning takes. While the game is just as absorbing and exciting for these Players as for the recreational majority – possibly a good deal more so – it is the financial outcome that motivates them. Their competition against the house is uppermost and they search out every available tool to gain the edge.

Suggested Citation

  • N. Richard Werthamer, 2009. "Synthesis and Observations," Springer Books, in: Risk and Reward, chapter 0, pages 37-44, Springer.
  • Handle: RePEc:spr:sprchp:978-1-4419-0253-5_6
    DOI: 10.1007/978-1-4419-0253-5_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-1-4419-0253-5_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.