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Blackjack House Edge

The house edge in blackjack might need to be explained to new gamblers. People in the business often talk about the “house edge” and how it’s so low in blackjack, but the basic terminology can sound Greek to beginning players. If you don’t know what the basic terms, then it’s hard to appreciate why blackjack is a much better game to learn than most other online casino games. After this explanation, I hope you understand why blackjack is the game to play in a casino

Basic Facts about the House Edge

There are many factors behind blackjack’s status as the most popular casino game, chief among them being that the odds and house edge are typically much more player-friendly than in other table games. As to whether or not to double, (9,3) is a hard blackjack house edge wizard of odds 12 and should certainly never be doubled., dragons den poker chips, blackjack cake, slot machine para celulares, fantasy springs casino concert seating, wizard of oz slots free money. In addition to the odds, most casinos have rule variations aimed to increasing the house edge. The most transparent of these variations is the number of decks involved in a blackjack game. Depending on the casino, and the table stakes, the number of decks could be 1, 2, 6, or 8. Mar 12, 2013 Hit or Stand - Blackjack Strategy Game Trainer. Home Gambling Info Odds Gambling Online Ask the Wizard Play for Fun Blog Radio Video. Baccarat Blackjack Craps Pai Gow Poker Roulette.

Several basic facts should be known about the house edge. First, most casino games have a built-in house edge. This is a legal according to state gambling laws, so the casino or bingo parlor can stay in business. If a house edge didn’t exist, then it would be a 50/50 proposition whether a gambling house could stay in business. In fact, given the fact that casinos have to pay employees, the utility bills, state fees, and taxes, they would almost certainly go out of business without a house edge. Most casino games put you at a disadvantage from the word “go”.

Second, the more strategy is required in a casino game, the lower the house edge is. In other words, if you have to learn tips for beating the game and can affect the outcome with good decisions, then the game tends to have oddsstacked a little more in your favor. Games like blackjack and video poker fall into this category, as they can have a house edge of 1% or less. Games which don’t require strategy, such as slots, keno, baccarat, and roulette, the odds are going to be longer. This stands to reason, because a casino can assume that a certain number of players won’t know the rules to a game, so the bad players will increase the average house edge enjoyed by the casino. A game of slots is going to have the same house edge, no matter if the person playing has never gambled or is a 30-year veteran of the casinos.

What Is a House Edge?

The house edge is the amount of money (as a percentage) of a player’s wagered cash that the casino keeps. If the casino is expected to keep $1 out of every $100 you wager, then the house edge would be 1%. If the casino is expected to keep $5 out of every $100 wagered, then the house edge on a game would be 5%. The house edge assumes that the casino is keeping some percentage of the money you bet.

In rare cases, casinos offer games with a slight positive expectation, meaning for every $100 you wager, you would expect to receive back more than $100 (if you played optimally). The games with a positive expectation are used to drive customers into the casino by word of mouth. Most of the time, the game has a negative expectation–that is, the average player expects to lose money.

Why Play against a House Edge?

The obvious question a player might ask is why you should play against a house edge. This advantage the casino has doesn’t apply to everyone. Not all players of a negative expectation game are going to lose. In fact, if the house edge is set at 1%, almost 50% of those players are likely to walk out of the casino with a little money. One player might walk out with $20. Another might lose $30. One player might get real lucky and win $500 at the blackjack table, while another gets real unlucky and lose $600. The point being, every gambler at the table has slight odds against them, so the sum total of those players is likely to give the casino the advantage. Because it’s gambling, even this is certain, especially over a single day, a single week, or even a single month.

Not all gamblers are the same, either. High limit players called “premium players” for medium sized high rollers and “whales” for top-end high rollers also come into a casino. The size of these player’s bets are so large than their wins can wipe out the profits of a thousand low-dollar players’ losses, or make the casino a lot of money if they go on a losing streak. Free scratch off tickets online for real money. Since high rollers also face a house edge, casinos are in stiff competition to lure these players to their establishment, so they often offer a lower house edge on the same game for high rollers. So the more you bet, the lower the house edge tends to be. That’s why a Las Vegas casino might offer European roulette in the private high roller lounge, but only offer American roulette for everybody else.

Blackjack House Edge

Anyone wanting a definite idea of the house edge they face on a particular game of blackjack can go to a blackjack house edge calculator, which are found online. These tools let you input factors such as the number of decks used, whether you can double after a split, whether the dealer hits or stands on a soft 17, and whether a surrender rule is in effect. Each of these factors changes the odds, but when you input these into the calculator, you’ll be given optimal and realistic results. Optimal only means the theoretical house edge, while realistic results calculate the average efficiency of a player using basic strategy.

Fresh off a trip to Europe, the Wizard of Odds has begun analyzing blackjack sidebets that he observed while on his pilgrimage, letting players know what he thinks of the games.

The Wizard, whose real name is Michael Shackleford, went on a two week trip that saw him travel through Spain, Austria, and Lichtenstein (among others). In that time period he went to various casinos he spotted along the way. Needless to say, the Wizard wasn’t too impressed with what he found. At Casino Lichtenstein, he claims to have found “one of the worst side bets I’ve ever seen.” The game pays out 19:1 for a colored player blackjack, but ends up giving the house a hefty 52.51%.

A second game the Wizard found was called C3, and uses the players two cards and the dealer’s up card. Punters get paid 300:1 for 3 Aces in hearts, 3 black Jacks gets you 200:1, while Three of a Kind pays 50:1 and three red cards pays 4:1. The edge on the game with 3 decks is 12.90%, while four decks is 9.83%.

The third game that the Wizard has reported on thus far is Swiss Casinos Jack, which pays out when players get a blackjack. The game pays out for a Jack is Black (the Jack in the blackjack is a black card) at a rate of 50:1, All Red (both blackjack cards are red) at 25:1, and regular blackjacks at 10:1 if you take the sidebet. The house edge for this game is 6.28% for Eight decks, while single decks have a 4.68% edge.

Sidebets generally aren’t great for players, as they give a lofty edge to the house. We generally recommend players avoid them, and instead stick to finding good tables that have small edges.

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Wizard Of Odds Blackjack House Edge