Blackjack, the most exciting casino game in recent years, has become one of the most popular and sought-after gambles in the world. The fact is that using the right strategy when playing blackjack can reduce the casino's house edge from 8% to 0.5%. Therefore, it gives players a better chance of winning.
House Edge and Payouts
We can calculate the casino edge by multiplying all bets made in blackjack by the percentage of money that the casino keeps. In this case, we assume that the player uses the optimal strategy of blackjack.
The house edge is always expressed as a percentage. The house edge and its payouts are always 100%. The payout percentage reflects the portion of the money that players can win back. When calculating payouts, we also assume that the player uses the basic blackjack strategy. The payout percentage reflects the total amount of money returned after all rounds been played.
Let's say Atlantic City casino assumes a 97% payout in blackjack. This means that the house edge will be calculated as 100 - 97 = 3%. The 3% casino edge and 97% payout means the same thing. In both cases, the average profit of a casino is $3 for every $100 the player bets.
Of course, such calculations are based on an average of thousands of hands played. That is, a situation is possible when one of the players plays using a bad strategy and the payout is 56%. At the same time, another player, due to his luck and the optimal strategy, has 134% payout, that is, $34 profit for every $100 bet.
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Odds of Busting
Making decisions in blackjack, it is important to realize the likelihood of busting. Understanding that your chances of busting are directly dependent on the combination you have will help you make the right choice and win in even the most slippery situations.
|Total Hand Value||Odds of Busting when Hitting|
|11 or less||0%|
A successful player always takes into account the chances of busting, casino advantage and payout percentages when making a decision in a game. We offer more detailed information on the likelihood of events and the effect of various rules on the chances of winning.