Statistically analyzing the short term profit of basic strategy, multi-deck, strip blackjack : an honors thesis (HONRS 499)

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Coolman, Adam E.
Okten, Giray
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Thesis (B.?.)
Honors College
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After playing a given number of blackjack hands, actual earnings results vary, sometimes drastically, from theoretical results. The enclosed, user friendly, computer program simulates a user-entered number of blackjack hands (1-10,000), calculates expected profit, standard deviation, confidence intervals about the sample mean, and probability of profit. The statistical breakdown gives the user a detailed description of the short-term blackjack earning potential any player will want to view before hitting the multi-deck tables on the Las Vegas Strip.This thesis paper delves into the main intricacies of the computer simulation and statistical analysis processes such as blackjack rules on the Strip, basic strategy, and confidence interval analysis. In addition, using included sample results, conclusions are made on the relationship between actual and theoretical results, distribution of earnings per hand, effect of short-term simulation on confidence intervals, probability of profit, and effects of playing blackjack via basis strategy, forms of card counting, or an inferior methods.