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View Full Version : Black Jack model for monte carlo simulations


MrEngenic
11-19-2005, 05:28 PM
I intend to do some sticky bonuses. I am aware that there are good formulas for setting targets, bet sizes etc, but I want to calculate EV and variance for a certain number of casinos using monte carlo simulations. This is very easy for roulette, it can even be done exactly.

But what about black jack? Is a p=0.49 chance of success for each bet a reasonable approximation or is a more advanced model neccessary?
I did not find anything about this using the search function.