Blackjack Probability Question
Help BruceZ, Copernicus, Legato, and others.
Intercasino is offering $80 in matching funds for an $80 deposit. You can do this each month. You can withdraw the bonus after wagering 20x the bonus amount or $1600. I think you can use the bonus money for wagering.
1. I think the dealer hits on soft 17, but am not sure. I have to double check.
2. Does anyone know of a reliable website which provides optimal basic strategy for various situations, based on number of decks and dealer's required strategy (hit or stand on soft 17 or 16, for example.)
3. So my main question is, even following basic strategy, one website states that the house still has a .66% edge, whatever that means.
a. If you play at $2 a hand and do this every month, and play optimal strategy (without card counting), does the fact that the house is giving you $80 in matching fees OVERCOME the house edge in the sense that it is worth it for you to try to wager the $1600 dollars and try to take home the bonus. I have no idea how to calculate this or how to figure out WHAT THIS EDGE REALLY MEANS over 800 hands of play at $2 per hand.
Please help.
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