Can you explain how to calculate the expected value of doubling down?

M

Mike_25

Guest
Ever wanna know if doubling down on that soft 18 is the right play or if you're better off hitting? The way to figure that out is calculating the expected value, or EV, of doubling down.

The EV tells you whether doubling down will get you further ahead in the long run versus other options. And in blackjack, it's all about tilting the advantage in your favor over the long haul. Here's how you calculate the EV of doubling down:

1. Estimate the deck position. Use cards dealt so far to guess how many tens, aces, kings, queens and jacks are left to help the dealer. If still a lot left,that helps your case for doubling. Fewer left, maybe find another move.

2. Figure the deck composure. Roughly how many tens, aces, kings, queens, jacks and tens are left to possibly be dealt? More tens/aces mean the dealer hits hard 20 more often. That hurts your double down case.

3. Consider your hand. Stronger the better to double down on. 20-21, strong 19? Perfect. Weak 16 or 12? Maybe look to hit instead.

4. Calculate win/loss outcomes. Win: You get a hand that beats the dealer (at least 19) before busting or the dealer busts. Your win equals bet amount won minus 2x bet. Loss: You bust, lose 2x bet. Good chance dealer wins with strong 20-21, lose 2x bet.

5. Put odds on each outcome. The outcomes where you win/lose more get higher odds. Use your judgment and card counts here.

6. Calculate EV for each outcome:
Win outcome: Prob * (Amount won - 2x bet)
Loss outcome: Prob * (Amount lost - 2x bet)
Add them up for the total EV.

7. If EV is positive, doubling down gives you an edge. If negative, walk away. Simple as that!

8. Consider subjective plays too like chip stack, position, player tendencies. EV determines if doubling stands on math alone. But the "soft skills" figure in as well.

Does this help explain how to calculate EV for doubling down in blackjack? Let me know if any other questions come up or if any part of the explanation could use more details. I'm here to give you the strategies, skills and math to gain an advantage at the table!
 
Add these values together after multiplying each outcome's likelihood by its associated payment or loss. You are then given the anticipated value of doubling down. Finally, contrast the predicted value that was estimated with the amount that you are betting when you double down. If the expected value is positive, it implies that going all in is generally a wise course of action.
 
Thanks for this informative post...I'm new to this game so I don't have much contribution to make concerning this post. But I'm open to learning tho
How were you able to know that much about casino games?
 
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