Card counting in continuous time

Other literature type English OPEN
Andersson, Patrik; (2012)
  • Publisher: Applied Probability Trust
  • Journal: issn: 0021-9002
  • Related identifiers: doi: 10.1239/jap/1331216841
  • Subject: Sampling without replacement | invariance principle | gambling theory | optimal control | 60G40 | 60F17

We consider the problem of finding an optimal betting strategy for a house-banked casino card game that is played for several coups before reshuffling. The sampling without replacement makes it possible to take advantage of the changes in the expected value as ... View more
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