blackjack promo chip advantage bet
scenario: lots of promo chips.. the kind which the house takes whether you win or lose, but you keep if a tie. rules are that cash chips can be used to supplement the bet if desired. the question is: if you are dealt an excellent hand, such as as an 11 against a dealer's six, does it make sense to use a real "cash" chip for the double down portion of the bet, which you keep if you win, instead of the promo chip which will be taken after a win??? also, any other ideas for promo chip blackjack betting would be appreciated. thanks
Quote: popeyego7hi:
scenario: lots of promo chips.. the kind which the house takes whether you win or lose, but you keep if a tie. rules are that cash chips can be used to supplement the bet if desired. the question is: if you are dealt an excellent hand, such as as an 11 against a dealer's six, does it make sense to use a real "cash" chip for the double down portion of the bet, which you keep if you win, instead of the promo chip which will be taken after a win??? also, any other ideas for promo chip blackjack betting would be appreciated. thanks
You're better off using these types of chips on the player bet in baccarat.
Quote: popeyego7hi:
scenario: lots of promo chips.. the kind which the house takes whether you win or lose, but you keep if a tie. rules are that cash chips can be used to supplement the bet if desired. the question is: if you are dealt an excellent hand, such as as an 11 against a dealer's six, does it make sense to use a real "cash" chip for the double down portion of the bet, which you keep if you win, instead of the promo chip which will be taken after a win??? also, any other ideas for promo chip blackjack betting would be appreciated. thanks
This paper by James Grosjean should help. He uses the abbreviation "FS" for your type of chip, and he gives the value of the FS chip in various games and the blackjack strategy for their use.
But why? Without actually diving in to the math, my thoughts off the top of my head are:Quote: popeyego7to me, it would seem that any situation where the odds swing in the player's favor (11 vs. a dealer 6, for example), should be handled by using a real chip for the second bet...
1) Isn't the Free Bet chip only worth about half it's value?
2) Isn't the goal to get as much value from the chip as possible?
3) Isn't 11v6 a massive favorite for the bet?
Given the 3 above, I would hold all of my free bet chips and play them exclusively in these scenarios, where I know they come with an advantage, earning me more than ~50% of their face value.
