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Are you falling for this common logical fallacy?
Casinos are built on cognitive biases, the most common of which is called “the gambler’s fallacy.” If you’ve spent any time at the blackjack tables, you are sure to have heard (and perhaps believed) some of the myths that come from the gambler’s fallacy.
Learn what these logical errors are and why card counting is different.
NOTE 1: This video is sort of a Part II to “A Card Counter’s Guide to Odds and Variance”: https://www.youtube.com/watch?v=Oqe_1Qn_KMM
NOTE 2: Here’s the link to the Freakonomics Podcast episode referenced in the video – http://freakonomics.com/podcast/make-bad-decision/
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Source: YouTube
Went to your website Colin and was looking at your basic strategy chart.
What is only split if "DAS" is offered. What is DAS stand for?
I plan on signing for your mini course then regular course. Are your times flexible to train?
"You think you're doing that but you're not". I can't think of a better sentence in reply to gamblers' proclamations of winning strategies. lol Thanks for that, Colin.
is all of this apply to online blackjack live? even if they have about 8 decks?
Hey Blackjack Apprentice, My question is if you're playing an 8 deck shoe, and the dealer puts the cut card at let's say 1 deck from the end of the shoe, would you then use 7 instead of 8 for your true count since approximately 1 deck isn't in play?
If I get into a casino and the first thing I see is that the roulette wheel was black 20 times and 0 times red I would not assume that these events were independant. I think it is way more likely that the wheel is defect in some way and I would start betting on black. Too tired to do the math rn though
1:40 was that an earthquake?
Practice here for free 😉 thank me later
If these superstitious gamblers truly believed bad players affected their chances of winning, why don't they get a reserved table, play multiple spots, and play the way THEY think is correct?
A gamblers phallus see
I think you could make the argument that its perfectly fair for a card counter to blame a particular loss of edge if the player before them did something weird, like hitting on a 19 and is dealt a face card that was likely to arrive due to the true count. I mean, you are working in a system where while it is not required for all players to behave a certain way, but is optimized if they do. If the same player hit on a 12 and busted with a King, thats more understandable than having 19 and busting with a king. So, inexperienced, first time, bad at math players would definitely throw a wrench into things at least occasionally if you're playing 1000s of hands. I wouldn't call it deliberate, but I wouldn't call it chance either.