Online Blackjack – How Odds Play into Blackjack Gaming

Blackjack is popular because of the notably better odds it gives players. It’s no doubt that blackjack is one of the most popular games on the casino floor. What makes it so exciting is the odds. Of course there is a strong house advantage as with any gambling game, but in this game the player does have some say in the probability. For example, the odds against you in roulette are constant for every bet and calculate to about a 5.3% casino edge meaning. That means that the casino will win 5.3% more of the bets than it loses. Even though that is the official calculation, the casino actually takes away a bigger slice of the pie.

When it comes to roulette, for example, the odds are completely different. If you bet on two columns on the same spin when playing roulette, the odds you will win are 24-14. If you wager on 2 columns that’s a total of $24, and win you get $12. But if the odds are 24 to 14 the casino has to pay back $14. The casino knows that it may profit even against the odds if it does match its payouts in a proper way. The casino gets profits because it takes $24 when you lose, but when you win it pays you only $12. It’s easy to see in this example how the numbers play out and give the casino an automatic edge over anything that you do – win or lose.

When it comes to blackjack odds, the same is true. Casinos have an edge that is a fraction of the overall bet that the casino would keep if any set of tests follows statistical probability to a tee. The payout percentage is the percentage of the bet that would be given back to the gamblers, again if all fell exactly into a statistical row. The casino edge is the hold percentage.

If the casino edge were to hold steady and every event went to a statistically perfect draw, then the house hold and the house edge would be equivalent. It’s the amount of cash the casino keeps out of the total wagered on the table. In blackjack every player is trying to reduce the overall house edge and it can be done with some careful planning and determination.