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Table Games Sick to Five Black Jack?

Discussion in 'Table Games' started by Ben Jammin, Nov 4, 2012.

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  1. Ben Jammin

    Ben Jammin VIP Whale

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    The casinos have , since the corporate takeover in the 70's, been finding and implementing their little measures to increase profits.

    Long ago Benny Binion actually had had death threats said to be from the competition for raising the limits and implementing more attractive rules and commentaries to entice real gamblers to patronize his establishment.

    The competition soon had to follow suit to remain competitive and thus, the "Comp" was born. In fact, he was the first to offer free drinks to players, a little slice of heaven which is still in effect to this day, (except at the VP bar at the Wynn Properties).

    I believe he used to say it as "Good Gamble, Good Whiskey, and Good Food", or words to that effect.

    So now the corporate mind set is swinging in the other direction, with 8 deck shoes, crummy rules and of course, the infamous "Six To Five" payoff on a Black Jack. (holy crap Batman, what'll they think of next?)

    Did ya know that a long long time ago a Natural Black Jack paid 2 to 1?

    So, what does 6 to 5 Black jack really mean?

    Well, depending upon the rule variations with an 8 deck shoe, with average strip rules in can increase the house edge to slightly over 2% from about .65% without it.

    On a single deck hand dealt with no DAS at 6 to 5 its around 1.7%.

    Back in the Day before our buddy "Edward Thorpe" wrote the book "Beat the Dealer" on card counting, and before the Watson computer program (IBM) for basic strategy the average game was single deck, dealer stood on any 17, double after split was allowed, Black Jack paid of course 3 to 2 and so on, the house edge was as low as .18% or so.

    Now, the more savvy the players got the lower the house's take so, if you ran a business could you survive on a .18% margin of profit?

    But remember very few even knew how to play the game in those days. Basic Strategy? Card Counting? did not exist as we know it today. So of course, the house made a good profit, sometimes VERY good!

    So, there's two sides to every coin. I don't mind them making a profit, but just not from me. ;)


    con permiso de El Wizard...

    http://wizardofodds.com/games/blackjack/calculator/

    ..
     
  2. mike_m235

    mike_m235 Tourist

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    We just did a whole thread on this. Not sure what's left to discuss.
     
  3. nostresshere

    nostresshere Mr. Anti Debit Card

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    Yep, scroll down the page and you will see a posting about 3/2 vs 6/5, or link here
     
  4. Ben Jammin

    Ben Jammin VIP Whale

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    So?

    This has some interesting history on Las Vegas, Binions, etc, as well as a link to the Wizard's Blackjack House Edge Calculator.

    For more interesting content on the History of Las Vegas visit this web site,

    http://inoldlasvegas.com/
     
  5. LV_Bound

    LV_Bound VIP Whale

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    You know why Disney keeps raising their prices year after year and its almost $100 per person? Its because the people keep coming. Until the people stop going the price will continue to rise. You can bet the big shots in Vegas have the same mentality.
     
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