Two boxes and co-variance
first of all, Curious, I want to add my appreciation for giving us a direct and clear answer to the questions North Wind asked. It is a good post, well written.
In my practice software there is a choice between 'random' and 'casino' shuffles and I have found that the results from my small samples indeed are different in using two varieties offered. It is also important to understand that a hundred thousand trials or even ten million trials are really not enough and can lead to quite different conclusions. I think Norm's software (CVData) suggests that anything less than 40 million trials will give you statistically insignificant results. Using CA to guide your playing decisions is essential, but in the course of one player's lifetime of play, it is practically impossible to predict which sample will be represented within the parameters of tens of millions of trials. My incomplete understanding of the statistics of probability makes me hesitate to open my mouth on these topics, but with ET Fan, Maverick, and yourself on this thread, I am sure to learn something.
I have been experimenting more and more with playing two hands in shoe games, off the top. While downtown, I realized that I could sit at a SD table with two other players, and while using two boxes, be dealt an extra two hands during a RO6 game. I actually had one dealer on Fremont deal three rounds, amounting to an average of 40 cards per shuffle played. When I am seeking cover or comps, playing two hands allows me to disguise my spread and average bet in a way that gives me an option to drop my bet down 75% when I encounter negative EV within a given shuffle. The pit thinks I am playing with an average bet of $40, when my actual unit is $10. Pretty common stuff, I know. But are these ploys pure cover or helping me win?
What I seem to understand is that when I bet two boxes of $20, I am betting $40 with the same risk level as if I was betting $30 on one spot. The covariance gives me additional protection and also the potential of making more money than if I were playing one box of $40. How do you experienced players utilize this into your bet stategy and ramps? What are the specific references in BJA for me to build a plan to improve my game with these interdependent hands and how does it relate to indices when you have two separate but linked chances to beat the dealer?
If you have read some of my recent stories, you may have noticed I am often finding success more quickly and with less variance by playing two hands in all neutral or positive counts, especially with shoe games. Am I lucky or is there some CA to back up what I am seeing in real casino action? I guess what I am thinking is that I am taking on more risk than I realize, and have only anecdotal evidence that it is justified, since it has been working out in my favor of late.
ET Fan is always warning me that 'common sense' has no place in guiding your playing tactics and I tend to agree. But sometimes when I try to dig into Don's research all I get out of it is a bucket of muck. I realize this is my problem, and not question of clarity in the results of simulations.
So thanks for any suggestions, examples, or directions as to where to look and what is proscribed by mathematical formula. I hate to think I am setting myself up for destruction playing too many hands and higher stakes while under the misconception that co-variance is acting as a safety net.
scobee