SoTired, on Oct 13 2006, 01:25 PM, said:
To Justin: Yes, of course. Using probability and expectations for most repeatable gambling decisions and choosing the option with the highest expectation will result in long term gain. But this is a different situation. You have no way to determine the percentage chances for slam, nor ensure that you are getting to the right one. It would take a serious DD analysis to determine your actual chances. So in this case, "Take your money and run" is good advice.
I don't believe that this is a different situation. The odds of making slam that you must use are not of course the odds that you'd calculate if you could see partner's hand, but the odds you can guess at in this one-handed position and knowing that partner opened 1NT.
Estimating these odds well is one of the hardest parts of bridge!