I calculated the following values for perfect insurance with regards to a single deck bj blitz machine, shuffling after every hand:
2 hands played: 0.036%
3 hands played: 0.054%
4 hands played: 0.044%
5 hands played: 0.041%
Does anyone agree with these results? Pat?
Perfect insurance means you only take insurance when the dealer has a blackjack. It's worth 2.4%. You can't see the dealer's hole card on a BJ Blitz machine. (Unless you hack it, but we shouldn't discuss that on an open board.)
this is to multiply the edge of a particular situation by the probability of that situation occuring e.g. for 4 hands played
no tens seen : value = (5/43)(((35/51)^8)/13) = 0.044%
1 ten seen : value = (2/43)((16/51)((35/50)^7)/13) = 0.009%
total value = 0.044% + 0.009% = 0.053%
By the way perfect insurance does not mean you only take insurance when the dealer has a blackjack, in this case it would be worth 200%. It means to take insurance when the proportion of ten cards to none ten cards remaining is known to be greater than 1/3.
your definition of perfect insurance would yield 2.37%, sorry, I should have been more clear on the definition of perfect insurance which I used.
knowing the hole card AFTER insurance? Ie: you take (or pass) insurance with no knowledge of hole card, then if dealer does not have blackjack, you get to know the hole card before making the playing decision?
Is not worth much. Depending on number of decks and rules it's about .4%.
if I could only hack this thing so it shows me under a 10 as well...
Geez, I hate casinos so badly that I am spending my weekend with decompilers and disassemblers reverse engineering this piece of %@$# "online gaming software". It's becoming an obsession.
