I was in a discussion recently about whether you should cash your charms out on 3 card poker or blackjack.
I prefer blackjack with the basic strategy table I posted under the Topic “Why I like Blackjack” since it gives the player a 4% advantage in the long run.
Several people prefer 3 card poker because it’s simpler. Here is the basic strategy to maximize the expected value:
- Fold any starting hand lower than Q-6-4
- Never play pairs-plus
That’s it.
If you follow this strategy you will have an expected loss of 2.01%, not bad, but nowhere as good as an expected gain of 4% that blackjack gives.
Note: The pairs plus payoff table has a expected loss of 7.28%, one of the worst bets in CW!!
You might ask where does the Q-6-4 come from? It’s pure math.
If you fold Q 6 4, you have an expected loss of 1 bet.
If you play Q 6 4, you have an expected loss of 0.99 bets, so playing is better.
If you fold Q 6 3, you have an expected loss of 1 bet.
If you play Q 6 3 you have an expected loss of slightly more than 1.00 bets, so folding is better.
You might say what’s the big deal? I’m just playing off charms.
But over time (not counting charms)
I bet 100B in Blackjack, I’ve made 4B coins
I bet 100B in 3 card poker, I’ve lost 2B coins
The value of the charms are the same either way, and both games cash in the big charms fast.
But if I played 100B in Blackjack correctly using the basic strategy I have 6 Billion more coins, on average, than if I played 3 card poker.