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Risk and Reward - The Science of Casino Blackjack (Hardcover, 2nd ed. 2018)
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Risk and Reward - The Science of Casino Blackjack (Hardcover, 2nd ed. 2018)
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For decades, casino gaming has been steadily increasing in
popularity worldwide. Blackjack is among the most popular of the
casino table games, one where astute choices of playing strategy
can create an advantage for the player. RISK AND REWARD analyzes
the game in depth, pinpointing not just its optimal strategies but
also its financial performance, in terms of both expected cash flow
and associated risk. The book begins by describing the strategies
and their performance in a clear, straightforward style. The
presentation is self-contained, non-mathematical, and accessible to
readers at all levels of playing skill, from the novice to the
blackjack expert. Careful attention is also given to simplified,
but still nearly optimal strategies that are easier to use in a
casino. Unlike other books in the literature the author then
derives each aspect of the strategy mathematically, to justify its
claim to optimality. The derivations mostly use algebra and
calculus, although some require more advanced analysis detailed in
supporting appendices. For easy comprehension, formulae are
translated into tables and graphs through extensive computation.
This book will appeal to everyone interested in blackjack: those
with mathematical training intrigued by its application to this
popular game as well as all players seeking to improve their
performance.
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