Well, it was enough, until they started paying out less and increasing minimum bets. During my very first advanced probability course in college, the professor went. Now, many blackjack tables on the Strip pay out at 6:5, which means that same 10 yields only 12. That means a gambler wins 15 for every 10 bet. But the dealer will always take your money if you bust, regardless of what hand they get. Blackjack, a fast-paced card game, historically paid out a ratio of 3:2 when a player hit 21 on the first two cards. Now, many blackjack tables on the Strip pay out at 6:5, which means that same $10 yields only $12.ĭuring my very first advanced probability course in college, the professor went right into the math of “the house always wins.” It only takes a tiny house advantage to guarantee you lose all your money over a long enough period of time.įor example, it would seem that if you play Blackjack following the same strategy as the dealer, the odds of you winning and losing would be even. That means a gambler wins $15 for every $10 bet.
Gambling companies such as MGM Resorts and Caesars, the two biggest operators on the Strip, have reduced how much they will pay for winning hands at blackjack at many of their tables, data show.īlackjack, a fast-paced card game, historically paid out a ratio of 3:2 when a player hit 21 on the first two cards. Katherine Sayre, for The Wall Street Journal, on Las Vegas casinos squeezing out more juice:
