Blackjack Strategy Video Source & Information:
Billions are poured into a gambling industry annually that is designed for the house edge to rake in profits. A New York Times bestseller written by Edward O. Thorp resulted from the phenomenon discovered that flipped the odds of one casino game, Blackjack, in favor to the player. After a brief overview on the rules of how to play, features that distinguish it as capable of a positive expectation for the player, I will detail the pertinent mathematics that explain how each unique rule, from doubling down to the option of taking insurance, affects the expectation of the game. After describing what constitutes “Basic Strategy”, I will show how Thorp manipulated the probabilities using card counting to produce a winning strategy that swept the nation through use of examples of certain game scenarios.