8 decks beatable?

[nightfoxx]

does anyone know if the 8 deck game is realistically beatable? i live in australia where all the casino's use 8 decks. the house advantage at my local is about 0.55%, with about 80% penetration. Has anyone, or does anyone know of someone who has had good results for similar conditions and if so what is your/ their secret?

thankyou!

 

[PokerJunky]

Card Counting!

does anyone know if the 8 deck game is realistically beatable? i live in australia where all the casino's use 8 decks. the house advantage at my local is about 0.55%, with about 80% penetration. Has anyone, or does anyone know of someone who has had good results for similar conditions and if so what is your/ their secret?

thankyou!

Card Counting! With 80% penetration (which is pretty good), you should be able to make $$$....

 

[BAMA21]

The whole deal for counters is the penetration. If they deal out that many cards, you can beat it.

 

[rzerector]

Man with 80% penetration you should be able to destoy those casinos. Penetration and bankroll are WAY more important than number of decks anyway.

 

[nightfoxx]

hmmm?

well, using the frequency distribution for my conditions, and using the hi-lo system, that i found here (Dead link: http://www.bjstats.com//bjbc.asp) i did some calculations and with a $10-$100 bet spread, while leaving the table if the true count went below -1, i had an average bet of $16.50 and a win rate % of 0.63% which was 10 cents per hand. With 73.25 hands bet/100 so about 73.25 hands to the hour thats only $7.35 per hour which i could earn working in a supermarket. if i could someone double the hands played per hour then that would still only be $14.70 which is better but not great.

are my calculations flawed? if so help

thanks!

 

[E-town-guy]

Sadly I think that sounds about right from what I've read in other books under similar conditions i.e. hi-lo spread of about 10-100. The only way to increase your profit/hr is to increase your bankroll. Obviously if you played on a different table and had a spread of 100-1000 you'd make about 10x what you would with your 10-100 spread. Another way to increase your profit/hr is to use a more profitable counting system. One of the best is probably hi-optII with ace side count. I remember reading about the difference 'wage' a counter can expect to make and hi-optII offered some of the best profits. Though with a small bankroll of a couple 1000 the difference between the hi-optII and hi-lo isn't that great.