Posted 20 February 2007 at 11:30
The house edge is quoted constantly and defined rarely. It is a single per-unit average, and knowing exactly what it averages over is what makes it useful.
Posted in Probability | Permalink
Posted 14 February 2007 at 20:18
Baccarat looks opaque from the rail because its drawing rule is a table rather than a decision. Written out line by line, it is one of the simplest structures on any floor.
Posted in Table games | Permalink
Posted 3 February 2007 at 15:55
In the middle of the last century blackjack stopped being described as a game of judgement and started being described as a solved decision table. The shift is a nice illustration of what computation does to a problem.
Posted in Table games | Permalink