Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Dealers Absorbing State Profitabilities in Blackjack - Research Paper Example

Comments (0) Cite this document
The following table show the probability of that the ending value of the dealer's hand is 17, 18, 19, 20, 21 or broke for each possible up card assuming the play is 1 deck. It also includes the probability of the dealer's ending a blackjack (BJ). Table 1 displays the dealer's ending value when the dealer stays on soft 17 while Table 2 present the dealer's ending value when the dealer take a hit on soft 17.
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.5% of users find it useful
Dealers Absorbing State Profitabilities in Blackjack
Read TextPreview

Extract of sample "Dealers Absorbing State Profitabilities in Blackjack"

MANAGERIAL REPORT The following table show the probability of that the ending value of the dealer's hand is 17, 18, 19, 20, 21 or broke for each possible up card assuming the play is 1 deck. It also includes the probability of the dealer's ending a blackjack (BJ). Table 1 displays the dealer's ending value when the dealer stays on soft 17 while Table 2 present the dealer's ending value when the dealer take a hit on soft 17.
Table 1: Dealer's ending Value Probability Table
Source: developed for this report from:
Table 2: Dealer's ending Value Probability Table
Source: developed for this report from:
In complex games like Blackjack, the player's advantage can drastically be altered by slight changes in rules or playing strategy. For example when the house rule is for the dealer to stay on soft 17, 'drawing no additional cards and passes play to the player', the dealer wins at the 'conclusion of the hand if his total exceeds the player's total'. The dealer, however, loses if the player obtains a higher total at the 'conclusion of the hand' (Wakin, M. & Rozell, C., 2003).
In cases where the house rule is for the dealer to take hit on soft 17, that is the dealer requests for another card. The dealer may continue hitting until he reaches a total greater than 21, where in the dealer goes broke. This is a benefit for the player, who wins even if the dealer consequently goes broke (Wakin, M. & Rozell, C., 2003).
The Wizard of Odds. 06 November 2008 [On-line], Available: , [Accessed 06 November 2008].
Wakin, M. & Rozell, C. 05 May 2003 [On-line], 'Markov Chain Analysis of Blackjack Strategy', Available: <>. Read More
Cite this document
  • APA
  • MLA
(“Dealers Absorbing State Profitabilities in Blackjack Research Paper”, n.d.)
Retrieved from
(Dealers Absorbing State Profitabilities in Blackjack Research Paper)
“Dealers Absorbing State Profitabilities in Blackjack Research Paper”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Dealers Absorbing State Profitabilities in Blackjack

The Horse Dealers Daughter by D.H. Lawrence

..., - United States Web. 8 Nov. 2011 Kearney, Martin F. Major Short Stories of D.H. Lawrence – A Handbook. New York. Garland Publishing. 1998 PlanetPapers - The Horse Dealer's Daughter Web. 8 Nov. 2011. England, My England : The Horse Dealer's Daughter by D. H. ... Web. 8 Nov. 2011... Having so much of love to give and yet having no one to give it to, she looks for a way out. Through the use of characters, symbolism, language, style and description, D.H. Lawrence presents his theme of romantic love as an irrational force that is psycholo...
10 Pages(2500 words)Research Paper

State capitalism

How counter concept socialism, this tool for fighting is often utilized in political debate. For some, it is very improbable that this period has adequate technical merit. There is no short and so straightforward delineation of the notion is usually acknowledged, for the straightforward cause that communal idea in general, in a sense, this is a try to work out the source, environment and destiny of capitalism (Bremmer 240). Therefore, what should of necessity highly selective representation. Its aim is directed at some centered issue of outlook on capitalism as humanity, as annals and as a presence. Theories State capitalism is a scheme in which the government actions as "the superior financial contestant, and is utilized mostly...
10 Pages(2500 words)Essay

Story The Horse Dealers Daughter

...The Horse Dealer’s Daughter ‘The Horse Dealer’s Daughter’ by D. H. Lawrence is a wonderful story that moves around a girl named Mabel. The story succeeds in taking the readers to the small European town that is clustered like smoldering ash with a heap of low, raw, extinct houses, and the reader feels the kind of eeriness that the town presents to both outsiders and insiders. The story presents the mere haplessness and the consequent inwardness and callousness a girl named Mabel develops during her stay with her three brothers who are astonishingly selfish. In the story, they are being forced to leave their ancestral property because of the debts incurred by their dead father. In the first half of the story, the character of each of her...
2 Pages(500 words)Literature review

Modern State

... 18 November 2007 A modern as the autonomous regional unit contains the spirit of hierarchically organized ethnic democracy and global integration. The challenge posed by minorities to state administrations has intensified. The paper consists of an introduction, four body paragraphs and conclusion. The paper argues that the distinctive features of the modern state involve high level of nationalism and multiculturalism, liberal institutions and importance of national culture, integration and lack of autonomy in the global context. The paper concludes that the uniqueness and distinctive attributes of the modern state are based on the concepts of national identity, multiculturalism and democratic freedoms. What are the distinctive...
4 Pages(1000 words)Essay

State Intervention

...RUNNING HEAD: INTERVENTION: WHAT IS BEST FOR THE CHILDREN Intervention: Doing what is Best for the Children When Families and the Government Disagree Name School Date State Intervention: Doing what is Best for the Children When Families and the Government Disagree On July 1, 1937 the citizens of Ireland enacted the Constitution of the State. Much thought and consideration went into the preparation of such a document. I understood the importance and significance that each word could have, and much care was given to ensure that the spirit of the words would rise above the troubles of any given day. One of the fundamental personal rights they expounded on, the Family is listed below in Article 41 (1); 1 The State...
8 Pages(2000 words)Essay

State of the State Speech

An Analysis of a of the Speech: Georgia 2006 This essay will address Governor Sonny Perdue's fourth of the Speech to the citizens of Georgia. Particular attention will be paid to the issues addressed, the ways in which the issues are presented, and the effectiveness of the political rhetoric employed by the speaker. For the purposes of this essay, the persuasiveness of the political rhetoric will be judged according to the consistency of the spoken statements as well as the context in which the issue are presented.
Governor Perdue's initial issue, the troubled economy of Georgia, is presented quickly, is full of imagery, and appears to be swept away too quickly. His sole reference to the end of the recession is a painfully...
2 Pages(500 words)Essay

State Responsibility

...At the outset Public International Law may be regarded as a body of rules governing the relationship of civilized nations towards each other both in peace and war including the necessary rights and obligations, which each member state possesses with respect to each other. There can be no right without a corresponding responsibility is a settled principle of law. This principle equally holds good in the sphere of Public International Law. Hence state responsibility is always implicit wherever there is a question of state rights. Even the principle of recognition of states in Public International Law is based on the fact that in the opinion of the recognizing state the nascent community possesses the requirements of statehood...
3 Pages(750 words)Essay

State Research Elements that Influence State Government

...In the of Pennsylvania, a major player in politics is the Pennsylvania Education Association (PSEA). This organization can trace its roots back to the mid 19th century when it was organized with the intention of facilitating the professional development of teachers and school personnel in Pennsylvania’s schools. This organization has grown over the decades into a powerful labor union the boasts over 180,000 members. PSEA seeks to influence elections in the State of Pennsylvania in several ways. The organization identifies legislators that a friendly to the goals of PSEA and their members. Members are encouraged to vote for these state and local leaders presented by the union. Another way they seek to influence state government...
2 Pages(500 words)Essay

State Policing

... policing Policing is one of the roles in the criminal justice system and aims at ensuring law and order in the society. The United s lacksa centralized policing system and this paper discusses history of the state policing in the nation, offers an example of state policing, and explains application of state policing in law enforcement. History of state policing in the United States Policing in the United States has undergone transitions in history. It was influenced by the policing system in the ancient United Kingdom, by Robert Peel. The nation’s initial policing system consisted of locally organized people that lacked necessary organization for effective policing. Needs such as slave trade and use of slaves established need...
1 Pages(250 words)Assignment

Has Government by States Given Way to Inter and Non-State Governance

The application of theories related to the state and its governance can be proved very helpful towards the creation of an effective and well-structured state. However, the phenomenon of a ‘subjective’ interpretation of the above theories is common especially when there are specific targets that need to be achieved by the interested parties (usual participants in a state’s political or social life). For this reason, it is necessary that specific rules and guidelines are followed when studying and interpreting the views of theorists regarding the position, the role and the power of the state.

Within the state, there are many ‘political’ and ‘social’ forces that try to impose their...
10 Pages(2500 words)Report

The State and the Impact That Homelessness Has on Children in Miami-Dade

Miami-Dade County has the highest homeless rate in the State of Florida. It ranks first in ‘families living in poverty’ among 25 major US cities (JLM, n.d.). Poverty and high rate of rentals have been considered the two main causes of homelessness. As much as 83% of people experience homelessness for a short period and usually require assistance in finding housing or rent subsidy. About 17% of the people in Miami-Dade are homeless for longer periods and require permanent supportive housing. The total number of homeless persons on the street in January 2006 was 4709 ( Fluctuations in the homeless count can occur depending upon the weather, time of the year and the methodology.

Florida accounts f...
6 Pages(1500 words)Essay

FP Iran V. Secretary of State for the Home Department

...Running Head: FP (IRAN) V. SECRETARY OF FOR THE HOME FP (Iran) V. Secretary of for the Home Department of Institution) Critical Assessment of significance of the case of “FP (Iran) V. Secretary of State for the Home Department” in the development of Administrative Law Introduction With the advent of civilisation and the law making process, it has been the endeavour of man to ensure that Rule of Law prevails in all decisions made in disputes. Judges have accepted time and again that just as everybody has certain rights that are subject to prevailing laws, so also all officials upholding the law have a responsibility to ensure that they shall not commit any act without proper justification. Administrative Law is a set of governing principles...
8 Pages(2000 words)Assignment

The State of Racism and the Criminal Justice System in Britain

Catholics are known to be active, intelligent, and less reactionary than colonizers in Northern Ireland; these features are racial in nature; as Africans can not change their skin color, similarly, natives can not change their inherent race features.
According to BBC News (20 May 2002), Britain is a racist society. The results of a large scale survey conducted by BBC News Online suggest that more than half of British citizen thinks of the society as racist. Although the tolerance level of people has increased with the times' racism is more common in the workplace – about one in three blacks and Asians complain of losing a job opportunity because of racism. Again, the opinion is corroborated by 52% whites and 53% blacks...
9 Pages(2250 words)Assignment

Is The State as Actor Losing Its Primacy in International System

In later times, more specifically during the eighties and nineties and to date, the state has lost its importance regarding its international role in peacemaking and somewhere in the framing of international relations. The change in polarity involves more than one reason - from the shift in the planned economy to the free-market mechanism at the background of globalization, the increasing onslaught of terrorism, enfeebling a nation’s security, etc. This change in polarity involves more than one reason - from the shift in the planned economy to the free-market mechanism at the background of globalization, the increasing onslaught of terrorism, enfeebling a nation’s security, etc. 

The peace of Westphalia...
8 Pages(2000 words)Term Paper

Has Austria Abided by the Austrian State Treaty and Its Neutrality Policy on Bosnia and Its Entry to the EU

With the evolution of humans and territories, new political setups or governance came into being with set rules and regulations, to rule cities, provinces or states and important countries. Most or some of those set rules and regulations to govern countries are brought out as a result of treaties. So, a treaty (an agreement officially signed by countries, international organizations, etc) allows certain actions and restricts certain other actions for the effective functioning of the countries. So, this paper will analyze whether Austria has abided by the Austrian State Treaty and its policy on neutrality while dealing with the conflict in Bosnia, and during its entry into the European Union and its aftermath.
In the post Seco...
6 Pages(1500 words)Term Paper

Self-Defence against Non-State Actors

Prior to 1945, there was no unified international prohibition on a unilateral resort to force and the UN Charter sought to radicalize international politics through a general prohibition on the use of unilateral force by member states. The prohibition was officially enshrined in Article 2(4) of the Charter, which provides that:
“All member states shall refrain in their international relations from the threat or use of force against the territorial integrity or political independence of any state, or in any other manner inconsistent with the Purposes of the United Nations”(UN Charter Article 2(4) 1945).
Despite the purported ban on the unilateral use of force, the parameters of Article 2(4)’s applicabili...
15 Pages(3750 words)Assignment

Hondas Marketing Strategy: Keeping Local Dealers in Business

... as well as provide a basis for the recommendations included herein. In considering the competitive landscape in which Honda Corporation—and by extension its dealers—operate, I expect to construct an analysis of Buyer and Seller Power, as well as overall Rivalry. This is what will be needed to make recommendations in Honda’s marketing mix and strategies to assist its dealers in surviving a negative market move. Simply stated, the micro-environment of the dealership region can be interfaced with the macro-environment of Honda Corporation’s marketing efforts and be assimilated into a workable plan that will benefit the dealers without weakening the competitive power of Honda Corporation. This analysis is set forth in the section below...
10 Pages(2500 words)Research Paper

Health Needs Assessment among Internally Displaced People in Southern Darfur State

In the recent past, Sudan has gone through a very serious humanitarian crisis, rated by as among the worst in the world. This crisis has led to thousands of Sudanese being displaced from their homes. The crisis was a series of civil wars that have characterized the Southern Sudan regions, and quite recently the Darfur region. The conflict in the Darfur region is among the most recent crises in Sudan and has as a result drawn global attention. According to the UN, the Darfur conflict emerged as the worst crisis in the year 2003 as far as humanitarian aspects are concerned (UNEP/OCHA, 2004 pp 6).

So far, the Darfur crisis has led to the internal displacement of more than two million citizens. In the year 2008, the UN esti...
11 Pages(2750 words)Term Paper

What Are the Most Important Factors in Explaining the Rise of the Modern State

Though the existence of the state can be felt in different walks of everyday life, yet it is an intangible whose nature is impossible to grasp. As a political institution, state embodies the concept of sovereignty. Devetak (2007) describes it as a political unit or a country that possesses sovereignty. State can thus be described as a single, unified whole confined within territorial borders. The state is built in a core geographical area with allowances to a certain extent on the boundaries. According to Strayer (1970), a state exists in the hearts and minds of the people. The collective personality of the state renders it immortal. The state is a multi-faced concept that is fuzzy around its edges. Consequently, we cannot develop...
6 Pages(1500 words)Essay

Economic Models: The Free Market and The State Owned System

The free market concept is mainly a theoretical concept as every country, even capitalist ones place some restrictions on the ownership and exchange of commodities (Free market economy). Therefore, the term free-market economy primarily means a system where the buyers and sellers are solely responsible for the choices they make. It gives the buyers and sellers the power to do business without being afraid of any regulations and intervention by the state. Hence, a free market gives the absolute power to prices to determine the allocation and distribution of goods and services (Free Market Economy). The pricing mechanism is in turn, driven by the forces of demand and supply of goods and services. Demand and supply of...
9 Pages(2250 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Dealers Absorbing State Profitabilities in Blackjack for FREE!

Contact Us