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The Expected Value Of An Advantage Blackjack Player, Kamron Jensen
The Expected Value Of An Advantage Blackjack Player, Kamron Jensen
All Graduate Plan B and other Reports, Spring 1920 to Spring 2023
The following paper takes an in-depth look at the gambling game Blackjack, also known as Twenty-One, and asks the question: If the game is beatable, how much can one expect to win playing Blackjack? This paper starts by explaining how the game is played and continues by telling of how Thorpe (1962) discovered that the game can be beaten. It then goes into detail of how the game has changed over the past 50 years and what it takes to beat the game today. To find the expected value of a winning strategy, I create a computer program to run …