How Do Casinos Make Money From Blackjack
Lately, more and more casinos are adding side bets to increase the hold on the games. Sure, they may have to pay out more, and if somebody hits they are more likely to leave a winner that session, but in the long run, those bets have such a high house edge build it that they are nearly guaranteed to make money on every session. The casinos need money so they are raising minimums and offering these games – yet they wonder why they are losing gambling revenues???? The other thing is: when you make the minimums $20 per hand, use 6/5 rules, use constant shuffling machines – at even $10 per hand. Players can lose $100-$200 within minutes.
The allure of turning blackjack into a career is undeniable. It’s no different from kids who dream of becoming pro athletes—who wouldn’t want to get paid for playing their favorite game day after day? But no less so than professional sports, making a living at blackjack is a real job. It takes hard work and practice to reach a level of skill capable of turning a pastime into a livelihood. And to earn truly serious money as a blackjack pro requires not only the drive, business sense, discipline and risk-taking will of an entrepreneur but also the ability to avoid becoming a threat to the casinos that make it possible.
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The View From The Top
Those who have aspirations of playing blackjack as a professional will probably have read Lawrence Revere’s 1969 classic “Playing Blackjack as a Business” several times over. They will certainly have heard of Kenneth Uston, the author of “Million Dollar Blackjack,” and Johnny Chang, manager of the famed MIT blackjack team. Such blackjack “geniuses” proved that it is possible to win millions at the table in a relatively short period of time.
For a more contemporary example of success, look to Don Johnson—not the 63-year-old actor but the 50-something card counter—who took $15 million from three hotel-casinos in Atlantic City within six months in 2011. Then, in February of 2012, he returned to the Jersey shore and beat the Tropicana for another $2 million, clearly demonstrating that it was no fluke. Johnson is the current rock star of blackjack pros, wagering $100,000 a hand, winning consistently and banned at the tables of all Caesars Entertainment properties.
Meanwhile, back on terra firma, the likelihood of quickly becoming a millionaire playing blackjack is remote for most. A much more realistic scenario for earning millions is that it will probably take at least a decade of consistently successful play. It will mean lots of long hours spent at the tables with plenty of ups and downs, gradually building up a bankroll large enough to play exclusively in the high-limit rooms, where the game rules tend to be more liberal and the betting limits pose no barrier to big wins.
Getting There From Here
According to one instructor of professional blackjack, “Playing blackjack for a living is more like owning your own business or working for 100% commission.” He says that how much can be earned is a function of the “expected value” of each hour of play, which is in turn dependent upon such variables as the rules of the game played, number of decks in play, the average wager size and spread (min-max), deck penetration, the counting system used and number of hands dealt per hour, which is typically 180~220 if playing heads up against the dealer. The proficiency of the player must be a given.
Taking all of the above into consideration, a good player might be able to expect to win from $275 to $390 per hour when wagering $50 to $500 per hand. Actual time spent at the table per week might be 15 hours. That would yield a potential weekly income of around $4,750, which amounts to somewhere in the vicinity of $228,000 annually—a professional level income.
However, the player will have expenses similar to those of any sole proprietor. He or she must be responsible for taxes, including self-employment tax as well as state and national income taxes, plus healthcare coverage, a self-funded retirement plan and travel costs to and from casinos outside one’s own area. There will probably be weeks of earning much more than expected offset by ones with net losses. It can be a real rollercoaster ride with no guarantees.
On the upside, the blackjack pro has no boss to report to, sets his/her own schedule, and receives comps for rooms, food, beverages and shows in addition to getting paid in cash. Hopefully, such benefits make up for a smoke-filled work environment and the lack of a regular paycheck. Just as in sports, not all pros become stars, but it is certainly possible to make a solid living by playing the game that you love.
More information about playing blackjack for real money.
Table Of Contents
With simple rules and easy to learn strategies, the game of blackjack is one of the most popular card games in both Las Vegas Casinos and online around the world.
Blackjack side bets add a layer of complexity to the game, though at much greater risk.
In this article we’ll take a look at the different side bet options, how they are structured and what side bets pay.
How Do Casinos Make Money From Blackjack No Deposit
- What are Blackjack side bets?
- Why play Blackjack side bets?
- Common side bets at most Casinos
- Other side bets to look out for
- Are Blackjack side bets worth playing?
What are Blackjack side bets?
Blackjack side bets are additional bets placed during a standard game of Blackjack. They involve predicting which cards the player, and sometimes the dealer, will receive.
Wagers are made before any cards are dealt and each side bet is based on chance rather than skill, although you can count cards to help you choose the most likely combinations for your best side bets.
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One of the most attractive features of the game of Blackjack is the low house edge compared to other games on the casino floor.
Good players will face a house edge of around 0.5%, and even if you play quite badly, that edge only rises to around 2%.
However, while the odds of losing big are low, the odds of winning are also poor.
Blackjack is mostly an even money game, rising to 2:1 at best if you are dealt a Blackjack.
Side bets offer you the chance to play much longer odds for higher player wins – as much as 5,000:1 in one case.
However, it must be noted that the house edge rises significantly for Blackjack side bets, with most bets carrying a house edge of 10% or more.
In other words, side bets make it a lot easier to lose money on blackjack.
Common side bets at most Casinos
There are a number of common side bets that you will find at most Blackjack tables.
These are clearly marked with the odds either printed on the Blackjack tables or available as a hand out or a side menu in the online version.
You should check the pay outs carefully before placing your bets as they can vary considerably between different Casinos or online sites.
The three main Blackjack side bets are:
- Insurance
- Perfect Pairs
- 21+3
Insurance – this is the most common Blackjack side bet and allows you to cover yourself against Blackjack if the dealer has an ace face up.
This bet involves half of your original stake and pays out at 2:1 if the dealer has Blackjack. The insurance bet reduces the overall house edge.
Perfect Pairs – this side bet uses the player’s cards only, and pays out if you are dealt two of a kind as follows:
- Mixed pair (two of the same value but different suit and colour) – pays 5:1
- Coloured pair (two of the same value and the same colour) – pays 12:1
- Perfect pair (two of the same card) – pays 25:1
The returns can vary between different Casinos and different pay tables and the house edge will depend on both the pay out and the number of decks used and can range from just 2 or 3% up to 11% or more.
21+3 – this side bet involves the player’s two cards and the upturned card of the dealer. It will pay out for a number of different combinations:
- Flush – (all cards are suited) – pays 5:1
- Straight – (all cards consecutive) – pays 10:1
- Three of a kind – (not the same suit) – pays 30:1
- Straight flush – (consecutive cards same suit) – pays 40:1
- Suited triple – (three of the same card) – pays 100:1
The house edge for the 21+3 side bet will vary depending on the number of decks used, standing at 8.78% for four decks, 7.81% for five decks, 7.14% for six decks and 6.29% for seven decks.
Other side bets to look out for
The Casino industry is highly competitive, and so new side bets are being invented all the time to try and attract new Blackjack players.
Some of these will flourish and become widely available, while others remain niche and can only be found in selected Casinos. Here are a few examples:
- Royal match – pays 5:2 for any suited player’s cards and 25:1 for suited king and queen
- Over/under 13 – pays even money for correctly predicting the sum of the player’s cards as less than or greater than 13. In most cases, exactly 13 will lose, but some Casinos will allow bets on exactly 13.
- Super sevens – this bet pays out if one or more sevens are dealt in the player’s cards. One seven pays 3:1, two unsuited sevens pays 50:1, two suited sevens pays 100:1. If the third card dealt is also a seven, then the bet will pay 500:1 unsuited and 5000:1 suited. However it is important to make sure that the Casino will still deal a third card if the dealer has a Blackjack, as some Casinos will not do this.
- Lucky ladies – this bet pays out if the player’s cards add up to 20, with an unsuited 20 paying 4:1, a suited 20 paying 10:1, a matched 20, same rank and suit pays 25:1, two queens of hearts 200:1 and two queens of hearts when dealer has Blackjack 1000:1.
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Play NowAre Blackjack side bets worth playing?
Blackjack side bets do not involve any skill and you are simply betting on the luck of the draw.
What’s more, the returns do not reflect the odds of each bet coming in, which gives the house a significantly larger edge.
Conclusion
Blackjack side bets are best viewed as a bit of extra complexity that adds up to a session at the Blackjack table.
However, you should not make them the main focus of your gameplay or your wagering, and you should be aware of the significantly increased house edge.
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