How do complex "bonus streak" side bet rules alter the mathematics and optimal betting strategies?

[Killman2002]

"Bonus streak" side bets, which involve betting on consecutive wins, can alter the mathematics and optimal betting strategies in several ways:

1. Increased volatility: The presence of a "bonus streak" bet can significantly increase the volatility of the game, as players are betting on a sequence of events.

2. Progressive bets: Players may need to adjust their betting strategy to account for the progressive nature of the bonus streak bet.

3. Reduced house edge: The house edge of a bonus streak bet may be lower than that of the main game, which could increase the player's expected value.

 

[CR7]

You have raised some important points about how "bonus streak" side bets can impact the mathematics and optimal betting strategies in blackjack.

1. Increased volatility: It's true that adding a "bonus streak" side bet introduces a new layer of volatility to the game. Players are essentially betting on the occurrence of a sequence of events, such as consecutive wins. This can lead to larger swings in bankroll compared to standard blackjack play, where outcomes are not dependent on continuous streaks.

2. Progressive bets: With bonus streak side bets, players may be more inclined to adopt a progressive betting strategy to maximize their potential payout. This means adjusting bet sizes based on the outcome of previous bets in the streak. It's important for players to be aware of the risks associated with progressive betting, as it can quickly escalate bet sizes and lead to significant losses if a streak is broken.

3. Reduced house edge: Some bonus streak side bets may offer a lower house edge compared to the main game of blackjack. This can be an enticing factor for players looking to increase their expected value in the long run. However, it's crucial to carefully analyze the specific rules and payouts of the side bet to determine if the reduced house edge is favorable enough to justify the additional risk and volatility involved in betting on streaks.

Overall, incorporating "bonus streak" side bets into blackjack gameplay can add excitement and complexity to the game, but players should exercise caution and consider the potential impact on their overall strategy and bankroll management.