21+3 Can be Beat
Though it will take team play.
Here is a condensed version. When the normalized difference between the most common suit and the least common suit is 6 or greater, the player has a positive edge. This is in the case when the penetration is to the 104th card. When penetration is to the 52nd card, the index is 7.
How to implement this? If you can keep four running counts great. Count each suit as it comes out. Take the difference between the largest running count and smallest running count and divide by the number of decks remaining. If it is 7 or greater, make the bet.
If you can't keep four running counts, pick any two suits, say Clubs and Diamonds. Count one suit +1 and the other suit -1. Get a true count by dividing your running count by the number of decks remaining to be dealt. If it is greater than 7 (or less than -7), take the bet. Since there are six combinations of the four suits, this will only alert you to 1/6th of the profitable opportunities.
This is where team play comes in. Six players each track a seperate combination of suits. If any true count exceeds 7, that player makes the bet. All the other players would thus be alerted to the profitability of the bet and make it as well. Ideally, there would be a seventh player keeping the count for blackjack purposes.
It is ugly, but this bet can be incredibly profitable. Here are the player's advantages and frequencies at various true counts (penetration to 52nd card):
Point Frequency Advantage
6 3.63% -1.4%
7 2.19% 0.2%
8 1.37% 2.4%
9 0.72% 4.6%
10 0.40% 7.6%
11 0.20% 10.1%
12 0.11% 13.3%
13 0.05% 17.2%
Being new to counting, I do not know any other counters, so I cannot implement this strategy myself. Keeping a single count and betting only 1/6th of the opportunities isn't as profitable as a simple Hi Lo, so I will stick with that.
I imagine no casino is aware that this side bet can be beat, so huge bets would not be questioned. Likely they would be welcomed as this game has an overall house edge of 3.24%.
If anyone would like the gorry details or if you actually implement this strategy, please let me know.