Blackjack does possess a memory (the interdependence of the cards) and a conscience (inferior play will inevitably be penalized) and is not democrati… - Richard Arnold Epstein

A weakness of the random-walk model lies in its assumption of instantaneous adjustment, whereas the information impelling a stock market toward its "intrinsic value" gradually becomes disseminated throughout the market place.

Against human opposition the machine usually emerges victorious, since individual patterns tend to be not random but a function of emotions and previous training and experience.

Because the fluctuations in the composition of the deck as it is dependent over successive (and dependent) trials, it is intuitively apparent that altering decisions or the magnitude of the wager or both in accordance with the fluctuations should prove advantageous to the player.