Wager Mage
Photo: Polina Kovaleva
Understand what "Blackjack 3 to 2" means. Somewhere on the blackjack table there will be a sign that says, "blackjack pays 3 to 2". All this means is that you, the player, will get $3 for every $2 you wager. This is standard, and gives the house slightly elevated odds.
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Read More »Blackjack, also known as 21, seems like it's one of the easiest card games out there. The objective is to get a higher score than the dealer without surpassing 21. And, ideally, you want to get blackjack. But if you think that blackjack is easy, that probably means that you don't actually know all of the rules, or how to maximize your strategy. There are lots of variations of blackjack, usually depending on the casino, but we're going to go over some of the universal rules and strategies in the game. And if you start to feel a bit confused while reading this - well, that just means that you're starting to understand the game.
Conventionally, p < 0.05 is referred as statistically significant and p < 0.001 as statistically highly significant.
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Read More »If you see "Blackjack pays 6 to 5" run away from that casino. Be careful. Sometimes the house has different odds. A lot of rookie players make the mistake of thinking that 6 to 5 is more profitable that 3 to 2. They see that they get $6 from the 6 to 5, and $3 from the 3 to 2, and think, "Hey, $6 is more than $3 - great news for me." But the important thing to consider is the ratios. In this case, 6 to 5 is smaller than 3 to 2 - which means that the house is great odds. Bottom line, you're going to lose a lot of money. If you see "Blackjack pays 2 to 1", that's good news for you. This doesn't happen often anymore because most casino owners have figured out that 2 to 1 actually gives the player better odds than the house. But in case you do stumble upon a casino like this, make the most of it.
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Read More »Note: make sure to check with the casino if you are allowed to split all 10-values. Sometimes you can split pairings like Ten-Queen. Surrender. After you have been dealt the first two cards, if you feel as though you have a lousy hand compared to the dealer, you can surrender. This means that you will reclaim half of your bet and the dealer will keep the other half of your bet. It's smart to do this in a situation when you have a bad combination (again, some sort of combination that gives you 16) and the dealer is showing either an Ace or a 10. Make sure you don't surrender too often though, because then you're just losing money. Insurance. Insurance confuses a lot of people, but basically all it means is that you are insuring yourself against the dealer having blackjack. After you see that the dealer's upcard (or his visible card) is an Ace, you can create a side bet betting that the dealer will get blackjack. This side bet is completely independent of your original wager. The idea is to even out the money you would lose if the dealer got blackjack, versus the money you would gain from your bet. Be careful, though, because this bet is designed to lose in the long run. A dealer is only supposed to have blackjack less than 1/3 of the time when his upcard is an Ace. Now that you're armed with basic knowledge and some playing strategy, you're ready to face the dealer. Get out there and see what you can do.
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