GAM470 Name__________________
March 8, 2005 Homework
For problems 1 to 8 consider a side bet on a single-deck blackjack game.
5. How many combinations are there for non-blackjacks?
Hand |
Combinations |
Pays |
Return |
Suited ace/jack BJ |
. |
50 |
. |
Other ace/jack BJ |
. |
25 |
. |
Other suited BJ |
. |
25 |
. |
Any other BJ |
. |
10 |
. |
Non-BJ |
. |
-1 |
. |
Total |
Problems 11-16: Consider a side bet called "Fantastic Fives." The game uses five decks of 52-cards each. The player is paid according to his own initial two cards and the dealer’s up card.
Fill in the following table to find the expected value of the game, which is the total return divided by the total combinations.
Hand |
Combinations |
Pays |
Return |
Three sutied fives |
. |
2000 |
. |
Three fives |
. |
200 |
. |
Two suited fives |
. |
50 |
. |
Two unsuited fives |
. |
20 |
. |
One five |
. |
1 |
. |
No fives |
. |
-1 |
. |
Total |
. |
. |
. |
16. What is the expected value?