Do most people lose all their money plying Blackjack at the Casino

[MsGuy]

Actually I think Orbital Sander had it right - the actions of others at the table absolutely impacts blackjack play.

 

How? Assuming you're not card counting.

[instudiocity]

...but I got a few steak dinners out of the deal as well as the dealer a couple times.

 

So I take it, the dealer was prime, too?

[instudiocity]

Actually I think Orbital Sander had it right - the actions of others at the table absolutely impacts blackjack play.

 

Rule # 1 - the deck is rich in 10's.

Rule # 2 - don't bet against a dealer showing a 10

Rule # 3 - if the dealer is showing something under a 7, let him take the hit - remember the deck is rich in 10's so the chances of the dealer getting hit with a 16 and hitting into a 26 are good.

Rule # 4 - Blackjack is misnamed. The real name should be "Break the Dealer". If everyone at the table played with the mindset to see the dealer go bust instead of trying to get their count then everyone would make money.

[NYTomcat]

Rule # 1 - the deck is rich in 10's.

Rule # 2 - don't bet against a dealer showing a 10

Rule # 3 - if the dealer is showing something under a 7, let him take the hit - remember the deck is rich in 10's so the chances of the dealer getting hit with a 16 and hitting into a 26 are good.

Rule # 4 - Blackjack is misnamed. The real name should be "Break the Dealer". If everyone at the table played with the mindset to see the dealer go bust instead of trying to get their count then everyone would make money.

 

Great list of basics. Lucky im heading to AC soon. Have fun playing.

[MsGuy]

Doubtful...

 

Blackjack is misnamed. If everyone at the table played with the mindset to see the dealer go bust instead of trying to get their count then everyone would make money.

 

More accurately stated, on average everyone would lose more slowly. (in the absense of card counting)

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Guys, no house banked game that can be consistently beat by rational play is on offer in a casino. Period. No exceptions.

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BTW, card counting is also something of a misnomer. This system is as much about patterned betting as about which cards remain in the shoe. Most casinos watch very carefully for the pattern and promptly eject anyone suspected using this system. By contrast they don't seem to care if a player uses any other system, which says all there is to say about the "how to win" tips posted above.

[+ sniper]

Except that the cards do not know who is pulling them. The poor players will "help you" sometimes too. People have run simulations on this. Here's a low-rent one:

http://renzey.casinocitytimes.com/article/blackjack-experiment-shows-bad-players-dont-hurt-you-1034

[instudiocity]

Guys, no house banked game that can be consistently beat by rational play is on offer in a casino. Period. No exceptions.

 

Or as I once heard Myer Lansky say on 60 Minutes, "Blackjack has the best odds in the casino. It pays about 13% of total wagers."

 

In other words, my chances are $87 out of $100 will remain with the house.

[orbital sander]

I think you're missing a "not" there.

 

NOT missing anything

[twinkboylover28]

In my experience, and from speaking with many dealers, almost everyone leaves the table empty handed from what they came in with. In Windsor, Ontario the Casino uses 8 decks at Caesars Windsor casino.

 

Every single time I've played blackjack, most people at the table play until they have lost their very last dollar. Some even make a special trip to the ATM in the casino, so they can withdraw money and proceed to lose even more of their hard-earned cash. I've rarely seen people leave the casino with more than what they came in with, and if someone does win, they sually end up coming back in a few days and losing it all....and more.

 

It's kinda like when someone loses weight ,and then gaining all back and then some.

 

Anyways, my conclusion is for the vast majority of people the casino is for losers (literally and figuratively).

 

 

 

Unless you're a person who enjoys losing hundreds of dollars watching the cards flip in front of your face for "entertainment."

 

People gamble money at the casino like it grows on trees, yet some of the same people cut coupons t opsace $0.10 cents on eggs. It's insane the amount of money some people "waste" on "entertainment". It's way over-priced entertainment IMHO.

 

Id rather spend it on twinks.

 

Here is what a dealer wrote:

 

"Like every game in the casino, blackjack is a game with a mathematical advantage over the player referred to as the "house edge." In blackjack, when playing proper basic strategy, that edge is about 1%, meaning for every $100 a player wagers, they should lose $1. It may seem like most people lose more than that, but that's because people play with limited bankrolls (i.e., they don't have enough money to wade through the downswings and end up losing everything) and playing habits (more people play until they run out of money than leave while even or with a small win or loss). The casino's average "take" from each player is about 30% of their bankroll.

 

There is a way to create a mathematical advantage by counting cards and altering your playing strategy and betting depending on the count, but this is not a thing the typical gambler can do and it is fair to say that 99% of the gambling public will lose money in the long run.

 

As far as what the dealer told you, it's complete crap. Dealers are not necessarily blackjack experts, and 99% of them don't understand the math of the game. I know people ask them for advice a lot, but in most borderline situations (like when to double or split) they are no more knowledgeable than the average player. The particular dealer that you had was especially dumb.

 

From a mathematical perspective, NOT doubling down when you should is probably the biggest mistake you could make at a blackjack table. Whenever doubling down is recommended by basic strategy, the player is actually in a position to win more often than lose. In the long run, a player is going to make more money than they lose on these hands, so it is in your best interest to get as much money on the table as possible, which in this case means to double down. If you do NOT double down in these situations, the house edge will actually increase dramatically, up to 3-5% (from 1%). That's a huge amount of money you're throwing away.

 

As far as your friends winning at the bonus game, that's just dumb luck. The side games at blackjack actually have a much larger house edge than just playing the regular game, and in the long run they will devastate your bankroll if you always play them."

 

Source(s):

Professional Gambler living in Las Vegas.

[KMEM]

I have played BJ in LAS many more times than I care to remember and for many more years than I care to remember. I tried many systems, to include never busting, and read several books. What I decided was important for me was: Taking what I could afford to lose and not going beyond that. Managing my money to include knowing when to get up and leave and that is always when you are out of money but that is not the "best" time. This is a difficult ideal to achieve but important. The other is to make bets that minimize your loses and maximize your gains. Basically that means making a uniform bet until you win, then increase the bet according to a set formula. This guarantees nothing except if you lose 10 times in a row, you will lose 10 times your uniform/standard bet AND if you win 10 times in a row you will win a fairly good multiple of your standard bet. Otherwise, the "book" rules should be followed. 1 deck is better than any other number of decks. Double down at every "book" opportunity. Etc.

 

The first time I went to LAS I had $100 for a week-end. $100 was worth a lot more then than it is now. I sat down to play BJ and the dealer, harassing me in a friendly way, said what do you have to spend. I said $100. He said play it on the next hand and if you win, walk away, you will know what to do if you lose. I thought him to be crazy but now I realize much more of what he was suggesting. I don't agree with it because I view gambling as entertainment but "serious" entertainment and therefore I developed my strategy.

 

Best regards,

KMEM