StudiodeKadent
Well-Known Member
Thank you very much for linking me to that essay. I do appreciate it.newb99 said:You are quite right - it cuts both ways. So it's a toss up between a CSM with a marginal improvement over HE but much lower variance against it, or a shoe with greater variance both ways and less hands per hour being served up.
Here's the link to the essay I wrote. I've noticed a typo or two and I never got around to doing the re-write.
http://www.blackjackinfo.com/bb/showthread.php?t=12360&highlight=CSM
I hope I've expressed myself clearly.
Regards,
I can't really fault your argument. You are completely correct: CSM's keep the composition of the shoe nearly constant and thus they lower variance. This means the duration of "lucky streaks" and "unlucky streaks" are both significantly shortened (on average).
This implies net wins and net losses will be more modest in nature.
But I do respectfully disagree, to some extent, over whether or not this implies a Basic Strategy player should take a shoe over a CSM.
Your argument (please tell me if I have misinterpreted you) focusses on the possibility of a player-favoring shoe, and this giving a lot of pleasure to the players. This is true, but so is the reverse. A catastrophically bad shoe would cause a lot of displeasure to the player.
So the question ultimately comes down to one of utility/pleasure. We know that over the long run, both shoe and CSM BJ are losing games for the basic strategy player. I would argue that the peaks of a big win are (at least in the case of my personal risk-pleasure profile) balanced out by the troughs of being wiped out.
For a player that loves winning $x yet isn't particularly fazed by losing $x, higher variance would probably bring in more utility over time. On the other hand, players with different risk-utility profiles may get different amounts of pleasure from variance.
So in short, I think your variance argument is inconclusive.
The argument you make about speed of games is, however, valid. Faster games = faster loss of money overall = less time at table getting free drinks and racking up comp points (however, the speed at which the casino gives you comp points... if its faster for the CSM-dealt game than the shoe-dealt game, that would nullify any effect). However, there are mixed reports on the actual speed with which CSMs increase the game pace (including whether or not they do significantly increase the game pace (plus there is also the question of whether or not they significantly increase the pace beyond automatic shuffling machines etc)).
Still, thanks for the article. I hope my comments are helpful in any future re-write of the article you might plan on doing.