Progressive Betting at Blackjack: Does it Work?
Today we were discussing how much money casinos make from blackjack, and more importantly where it comes from.
Is it from the house edge, mistakes made in strategy, or players making emotional decisions because of losing streaks or booze or both?
I figure it is probably a mixture of each.
What does everyone else think, or does anyone have any real data to support this?
I am of the opinion that the house edge is quite enough, even when a low one is touted, due to how many hands per hour there are.
No doubt the other factors you cite play a role.
But I am thinking a casino should have very liberal rules to lower HE if they use a game that is not countable.
Unless, of course, they have it made for some reason, like being the only game in town or whatever.
Arnold Snyder It comes from the same place all table games profits for the casinos come from.
Players constantly recycle their winnings back into the game until they have nothing left.
I played BJ for 30 years.
Rarely and I mean rarely did I ever see someone quit while california slot machine regulations />They invariably would continue to play, win or lose.
This is what the casino depends on, greed.
In the how casinos make money on blackjack days these players were called 'casino oriented' by the bosses.
Now they're called what they are.
I don't know if either of those names fits the majority of players.
Yes, there are a low percentage that gamble when they shouldn't, lose their bill money and can't afford to live, but the vast majority that I see consider their money "entertainement".
The play until they win a bunch or lose it all, with the losing it all being no different than if they went out to dinner and a movie, to the shooting range or bought a bunch of fishing stuff and went fishing.
click to see more I am an employee of a Casino.
All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
You mean, like, a scientific study that states that people make X mistake per hour when sober, and Y mistakes when drunk?
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown.
But how much does it cost to knock on wood?
Religion is nothing https://free-deposit-slots.website/blackjack-money/online-blackjack-real-money-south-africa.html than organized superstition.
It doesn't take some stupendous win, the normal ups and downs mean that the behavior continues as long as there is some bankroll left.
We all know slot machine players keep feeding quarters through until they are all gone.
The re-inforcement quarters just means a few more quarters go through the machine until that house edge completes its task.
The casino knows it has to provide "reinforcement" by dribbling a few quarters back into the tray or putting photos up on the wall and keep interest alive by provide Bells, Whistles and by calling things "bonus" rounds.
The casino knows it can't shear the sheep too fast or it will nick their hides but eventually the sheep get sheared.
The can play blackjack with friends for money really is engaging in rewarding behavior so he is not going to stop.
Even a big win, just means a pause.
Lately, more and more casinos are adding side bets to increase the hold on the games.
Sure, they may have to pay out more, and if somebody hits they are more likely to leave a winner that session, but in the long run, those bets have such a high house edge build it that they california slot machine regulations click here guaranteed to make money on every session.
On certain games 21+3 or Match the DealerI imagine the casino makes MUCH more on the side bets than on the game itself.
Outside of the sucker how casinos make money on blackjack, the next biggest factor would be playing improper strategy, followed by the high hands played per hour.
The latter is variable though, as it relies on dealer speed, hand shuffle vs machine shuffle vs continuous shuffle, number of players at the table, etc.
You have theoretical house edge which is calculable, then the real house edge, which is a guess.
At a table with a theoretical california slot machine regulations edge of say, 0.
People don't play basic strategy, and as a result the edge rises.
It's estimated that an average table will drop a percent due to poor play.
This includes, I think, most importantly: 1 Staying on 15 and 16 when you should hit especially against 7,8,9,A.
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