Sublime

This is true for any game where you can compute the edge and the payoff does not depend on the results of previous bets or the wagers of other players.

also believed then, as I do now after more than fifty years as a money manager, that the surest way to get rich is to play only those gambling games or make those investments where I have an edge.

In the modern casino game of blackjack, the player can gain a consistent advantage over the house by using the strategy presented in this book. Based on the mathematical theory of probability, this strategy was worked out with an electronic computer by the author and others. It is fortunate and perhaps surprising that the system reduces to a few si

Understanding and dealing correctly with the trade-off between risk and return is a fundamental, but poorly understood, challenge faced by all gamblers and investors.

Understanding and dealing correctly with the trade-off between risk and return is a fundamental, but poorly understood, challenge faced by all gamblers and investors.

Since I really had no predictive power, any exit strategy was as good or bad as any other.

I finally decided to go to Nevada, partly to silence that irritating jeer often leveled at academics, “Well, if you’re so smart, why aren’t you rich?” As a matter of personal pride and honor I felt that I owed my readers proof that the theory really worked, despite scoffs from casinos that my claims were ridiculous. The clincher was the casino spok

I started with the fact that the strategy I had used in the casino assumed that every card had the same chance of being dealt as any other during play. This cut the casino’s edge to just 0.62 percent, the best odds of any game being offered. But I realized that the odds as the game progressed actually depended on which cards were still left in the