BJ insurance House advantage?
February 19th, 2010 at 1:55:34 PM
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i read on the wizards site that insurance carries a 7.4% HA on a 6 deck shoe. How do you come to this conclusion? any help would be appreciated.
i tried the math at a $1 bet.
96 wins(2 to 1, totalling $192)
215 loses
-$23
23/311=0.07395
7.4% HA
is this correct?
i tried the math at a $1 bet.
96 wins(2 to 1, totalling $192)
215 loses
-$23
23/311=0.07395
7.4% HA
is this correct?
February 19th, 2010 at 2:10:45 PM
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There are 416 (52*8) cards in an 8-deck shoe. If the dealer has an A showing, there are 415 remaining. There are 128 face cards (4*4*8). You therefore have a 128/415 chance of winning 2x your bet and a 287/415 chance of losing 1x your bet. (128/415)*2 - 287/415 = -7.5%
February 19th, 2010 at 2:16:22 PM
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sorry jeremy, i edited my post while you were replying.
February 19th, 2010 at 2:19:37 PM
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Quote: SammyJankisi read on the wizards site that insurance carries a 7.4% HA on a 6 deck shoe. How do you come to this conclusion? what do i do from there? any help would be appreciated.
i tried the math at a $1 bet.
96 wins(2 to 1, totalling $192)
215 loses
-$23
23/311=0.07395
7.4% HA
is this correct?
Yes, that's the correct calculation. (96/311)*2 - 215/311 = 7.4%
