"Please tell me if I am wrong in doing this."
You're wrong in doing this.
If you used only one single strategy variation and no others, then insurance would be the one to use (with 16 v. 10 next). And, I know you're new, but you keep on talking about insurance decisionS, and insurance index numberS, and complexity. If you play a shoe game, there is a single number to learn for Hi-Lo: +3. End of story. TC >=+3? You take insurance. Otherwise, you don't. Now, that isn't too complex for a beginner, is it?
So, if you've learned a single index number, and it isn't insurance, then I'm telling you to forget all the other numbers, if you have to choose, and learn this one!
As for Thorp, I assume you're being a little sarcastic and tongue-in-cheek, but that certainly isn't the first book you should be reading at this stage of your learning. It may be the most
important blackjack book ever written, but more so for historical value than for pertinence to a newcomer to the game.
As for the insurance graph, virtually all decision graphs would look similar to that one. Past the strike point, the edge for using most indices gets bigger as the count increases. These edges are never astronomical, so if you think insurance isn't worth all that much to your game, taken as a single play, the question is: can you find a different play that is worth more? And the answer is: no, you can't!
Don
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