Just a question, if playing BlackJack, you only lose 48% of the hands you play and sometimes they pay you 3 to 2 on your wins, but your losses are flat, how is there a house edge? Am I missing something here? Seems like losing 51 or 52% of your hands played would make more sense.....someone please splain to me.
Sorry for bumping this but I had to register here just for this question since I didn't see the answer.
The house edge is created entirely by the fact that the player busts before the dealer. Ergo, if you bust the dealer gets your money even if he would have or does bust.
Sorry for bumping this but I had to register here just for this question since I didn't see the answer.
The house edge is created entirely by the fact that the player busts before the dealer. Ergo, if you bust the dealer gets your money even if he would have or does bust.
No. First of all, Peeig's premise is wrong. The correct answer has already been given -- posts #23, #32, #36, and #39. All these answers are approximately correct, depending on how you view pushes and considering there is a little wiggle room for strategic efficiency.
No. First of all, Peeig's premise is wrong. The correct answer has already been given -- posts #23, #32, #36, and #39. All these answers are approximately correct, depending on how you view pushes and considering there is a little wiggle room for strategic efficiency.
I am only explaining the house edge, nothing more.
The house edge is created by the ability of the dealer to collect on player busts while still busting, nothing more.
I am only explaining the house edge, nothing more. The house edge is created by the ability of the dealer to collect on player busts while still busting, nothing more.
That's one of the house advantages -- the player also has advantages. They both have disadvantages. The house edge is determined by a combination of all.
Since you're likely thinking of betting $5, then bet $10 if you lose, then $20 if you lose that, etc thinking it's easy money do it. The odds of losing 10 straight hands is ridiculously low. Go for it buddy
Sorry for bumping this but I had to register here just for this question since I didn't see the answer.
The house edge is created entirely by the fact that the player busts before the dealer. Ergo, if you bust the dealer gets your money even if he would have or does bust.
That's true but if that were the only factor then the house edge would be about 8% (if all payoffs were even money and player followed the same hit/stand rules as the dealer).
