Beating the 6 Deck Game.
Slim,
I respect JOEP's opinion and I may be missing something in his post but I don't quite agree with this statement in his post:
.......The basic way to figure out you win rate is that you should win somewhere between 1 to 1 1/2 big bets per hour......
Joep
JOEP - Did you mean 1 to 1.5 UNITS per hour?
Slim-
You should be able to stay positive in the cash flow with your plan as long as you avoid a bad run of cards. Your expected value of 0.26% is what would concern me. This does not leave much room for error and will make it a slow grind.
Let me explain, in your bet spread of $3 to $15 you might average say an $8 bet? In a heads up game you might average 100 hands per hour? At a full table let’s say 60 hands per hour? Let’s take an average of 80 hands per hour.
80 hands per hour x $8 = $640/hr action.
$640 x 0.0026 (your EV) = $1.67 per hour profit in your scenario.
So yes, you can make money, just not much.
It has been quite a while since I read KO ( I use Red-7) so I'm not sure where the 0.26% EV comes from but I'm guessing it is a chart or something and based on your bet spread, rules and deck penetration it gives you this value.
Here are my suggestions:
1. Look for the best deck penetration you can find. This is key in making the money. As I remember, a lot of the 6 deck games at XXXX, they were only dealing out 4 decks (67%). This is probably not beatable, especially with a 1-5 spread.
2. Look for the least crowded tables. You will need to get in as many hands per hour to maximize your time and earnings.
3. I would also look at trying to increase your bet spread. Of course this would mean that you would need a larger bankroll and you could have bigger swings. Take a look at what your KO book says about bet spreads. Also take a look at this article on Arnold Snyder’s page. It gives some in site on playability of games based on rules, penetration and bet spreads.
http://www.blackjackforumonline.com/content/battleofbabies.htm
4. Look at including some play indices, these are the variations from basic strategy based on the count that will increase your EV. There are 18 that are worth knowing and if you only include a few of them you get a big bang for your buck. If they are not talked about in your KO book you can also find them at the above website.
If you take these suggestions I would think that you should be able to win at a rate of 1.5 – 1.75 units per hour. So if your betting unit is $3 then you will average $4.50 - $5.25 per hour. Still a grind but much better then the $1.67 per hour.
Take a look at
http://www.blackjackforumonline.com/content/6deckText.htm , this is part of Arnold Snyder’s work on “beating the 6 deck game". I would also highly recommend getting his Blackbelt in Blackjack. It contains a lot of good concepts of the game.
Good Luck,
Pill