Strategy question.

L

learning to count

Well-Known Member
AT a TC of plus three you are too take insurance. What should you do if you have a plus three with a snapper and you are first offered even money before insurance. Input please.
 
I

ivy kid

Member
LTC - Even money and insurance are precisely the same thing when you have a snapper. Think about the payouts for a minute and you'll see what I mean.

If I am wrong, and I would be embarrassed, someone correct me please.
 
C

Cyrano

Well-Known Member
I've always considered even money to be insurance, so if the count doesn't warrant you to take insurance, you don't take even money.
 
A

Adam N. Subtractum

Well-Known Member
from an EV standpoint, yes...

...but of course we shouldn't be looking to maximize EV, but Sharp Ratio, thus times where reduced variance more than makes up for lost EV.

ANS
 
A

Adam N. Subtractum

Well-Known Member
Thank you...

...for the kind words Eliot. My interest in this was sparked by a post by MathProf in the archives at BJMath.com and Cacarulo provided me with some additional information to look into. Unfortunately I haven't had the time to delve into the subject further as of yet, but since then Cacarulo has completed the definitive work on the subject, which is now archived at Don's Domain. If I ever get around to doing the figures I'll certainly share the results with our community here, as I believe this can be a very valuable addition to any player's arsenal.

ANS
 
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