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Consortium for Mathematics and its Applications

Product ID: Articles
Supplementary Print
Undergraduate

Optimal Blackjack Strategy with 'Lucky Bucks'

Author: Arthur T. Benjamin and Eric Huggins


In the casino game blackjack or 21, mathematically determined best plays have been calculated by various mathematicians and gambling experts. These optimal playing strategies all assume that the casino pays even money on bets (excluding when the player has a blackjack). However, many casinos offer the player lucky bucks that pay the player either 3-to-2 or 2-to-1. In the usual game, the player's expected loss is under 1# per dollar bet. In this paper, we derive optimal strategies under lucky-buck conditions, giving the player an expected gain of 26# or 55# per dollar bet.

©1993 by COMAP, Inc.
The UMAP Journal 14.4
10 pages

Mathematics Topics:

Probability

Application Areas:

Gambling

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