Blackjack Minimum Bet

admin  4/9/2022
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One of the most often asked questions from players about blackjack strategy, is 'how should I bet?' You've got severaloptions and I'll discuss them in this article and offer my recommendation.

Flat Bet Blackjack Strategy

Blackjack Rules. Blackjack pays 3 to 2; Dealer hits soft 17; Split any pair; Split and re-split aces – one card draw only; One card draw on all double downs; Royal match bet, minimum $1.00 to $100.00 max bet; Table limits - $5.00 minimum to $1000.00 max play up to three hands; Single Deck. Double down on 9-10-11 only - one card draw; No. For example, you make a minimum bet of $10 and if you win, you raise your next stakes on the hand to $20. There are all different kinds of win progressions. The most common is a 1-2-3-5 progression.

This means betting the same amount all the time. Most players don't like to bet this way because they figure if the dealer wins more hands then them they'll never win any money. Also, playersfeel it's boring betting this way. They prefer the thrill of sometimes betting more in the hopes that when they do so, they will win the hand and make a nice profit.

Here are the facts on the flat betting blackjack strategy. If you bet say $5 on every hand in a standard multiple deck game the house will have an edge of 0.5% against theskilled basic strategy player. That means you will lose on average 0.5% of every wager you make. So if you bet $10 on every hand and average 80 hands per hour you will have made a total of $800worth of bets. The casino expects to earn 0.5% of the $800 or $4.00. Of course, the more likely result is that you'll win or lose much more than $4 after an hour of play. But on average you canexpect over time to lose at the rate of $4 per hour.

Let's take an example of a player flat betting $10 on every hand. It's is a conservative betting strategy that leads to a relatively low theoretical loss rate. The fluctuation in this player'sbankroll will also be low which means the likelihood he'll have a big winning or losing session is not great.

Watch 'Why You Should Never Make the Blackjack Insurance Bet with Blackjack Expert Henry Tamburin' (March 2016)

In this video blackjack expert Henry Tamburin explains why a basic strategy player should never make an insurance bet. He gives details on three different situations that a player may encounterand why he considers blackjack insurance to always be a sucker bet.

Progressive Betting Blackjack Strategy

This is where things get interesting. The Progressive betting blackjack strategy is when players vary their bets in some way from one hand to the next rather than alwaysbetting the same amount on every hand. There are all different types of betting progressions but they all have one common denominator. You either decrease or increase your next bet dependingupon whether the hand you just played won or lose.

Win progressions encourage you to increase your bet size after a winning hand. For example, you make a minimum bet of $10 and if you win, you raise your next stakes on the hand to $20.

There are all different kinds of win progressions. The most common is a 1-2-3-5 progression. This means you increase your bet by the above multiples after each winning hand butas soon as you experience a loss, you start the progression over with a 1 unit bet.

Proponents of win progressions will tell you that you'll win more money if you win 5 consecutive hands compared to the amount you lose if you lose 5 consecutive hands. Of course, what theydon't tell you is that you never know when that 5 consecutive winning hand streak will occur.

There are also betting progressions in which you increase your bet following a loss. These Martingale type betting progressions are dangerous and you should never consider using them.

There are also hybrid betting progressions, which have you increase your bets following a win, but after two or three success wins you lock up some profit and gradually regress your bets. Thecreativity of progressive bettors is never-ending.

First of all, the blackjack strategy for betting progressions does not change the 0.5% house edge one iota. There has never been a correlation between the hand just won (orlost) and your chance of winning the next hand. In other words, using the criteria of the result of one hand (W/L) to base how you bet on the next hand has no scientific validity. So bettingprogressions, in the long run, don't work in the sense that they won't improve your long-term chances of winning.

But here's what betting progressions will do. First off they increase the fluctuation in your session bankroll compared to flat betting. This means you can win more using abetting progression compared to flat betting but you can also lose more. Secondly, betting progressions will increase the amount of money you wager per hour compared to flat betting. If a $10bettor uses a 1-2-3-5 betting progression, his average bet will $20. Over an hour he will average $20 times 80 hands or $1600 worth of bets. The casino's expected win is 0.5% of $1600 or $8. Inother words, a $10 progressive bettor stands to lose twice as much per hour as a $10 flat bettor.

Here's a tip to save you some money in the long run if you insist on using a betting progression. Instead of starting your progression at $10, start at a lower amount (ie. $5). This will reduceyour average bet to $10 per hour and cut your hourly theoretical loss rate in half.

But in the long run flat betting and betting progressions don't work in the sense they won't change the house edge against you and you will lose in the long run. So what betting system works?That, my friends, is card counting.

Betting When You Have The Edge (Card Counting)

With card counting, you know when you have the edge based on the change in the composition of the decks and therefore you'll know when it's the right time to bet more. Sounlike betting progressions that are based on whether you win or lose the previous hands, card counting is based on the mix of cards that were played on previous hands. If more small valuecards were played in previous rounds, there are more big value cards left in the unplayed cards, and the edge shifts from dealer to the player. This would be the best time to bet more.

But I'm a realist. Not a whole lot of average blackjack players have the time or mental concentration during play that is required to master one of the popular point count cardcounting systems. These are readily available in blackjack books. But even though millions of blackjack books have been sold since Ed Thorp's classic book, Beat The Dealer (circa 1962) firstrevealed card counting to the masses, the number of players who can successfully win money in the long run at blackjack number in the hundreds and thousands.

So what's the answer to betting at blackjack for the average player? I asked Don Pronovost that same question about four years ago. Don is a software developer that markets blackjack trainingsoftware. He spent the better part of two years and a trillion computer simulated hands looking for the solution to this dilemma. What he developed is Speed Count.

Speed Count is unlike any conventional card counting system. It's much simpler to master and requires much less concentration when you play. And unlike progressive betting systems, Speed Countwill give you a verifiable advantage over the casino You can read about Speed Count in Frank Scoblete’s book, Golden Touch Blackjack Revolution.

Now that you know the scoop on betting at blackjack, I wish you many aces and faces the next time you play.

Minimum Blackjack Bet At Encore Boston

Henry Tamburin has been a respected casino gambling writer for the past 50 years. He is the author of theUltimate Blackjack Strategy Guide and was editor of theBlackjack Insider newsletter. You can read his latest articles on blackjack, video poker, and his personal playing experiences at https://www.888casino.com/blog/writers/henry-tamburin

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Las Vegas Blackjack Table Minimums

Blackjack table bets

Contents

  • Las Vegas Blackjack Table Minimums

BlackjackClassroom.com gets a lot of questions about where on the Las Vegas Strip you can find blackjack games with good odds and low table minimums.

Winstar Blackjack Minimum Bet

Las

While low minimums might not be a concern for a serious player looking for the best card counting opportunities, I can understand a casual player (non-counter) on a budget valuing this kind of info.

So I’ve compiled a short list of Las Vegas blackjack table minimums on the Strip that have decent odds. Vegas casinos tend to offer low table minimums only with terrible player odds, so my goal is to expose where a casual blackjack player can get a decent game with a low house edge.

Warning: Often what seems like a cheap game is actually going to cost you quite a bit. A great example is the 6-deck blackjack at Flamingo. Don’t be fooled by the “cheap” $5 minimums. All 6-deck blackjack on the main floor of Flamingo holds a 2% house edge due to the horrible rules, and that’s assuming you play perfect basic strategy on every hand. So would you rather play $5 per hand at a 2% disadvantage or $25 per hand at a .2% disadvantage? Over time you would lose twice as much money at the $5 game!

Low Blackjack Table Minimums on the Las Vegas Strip

Keep in mind I’m only considering casinos on the Strip for this article. Downtown and off the Strip will hopefully be covered another day.

Single Deck – All single deck games on the Strip pay 6:5 on blackjack (a $50 bet gets paid $60 on blackjack instead of the usual $75). Avoid these games due to the large house edge. The closest legitimate single deck blackjack would be at Hooters located just behind Tropicana. Although Hooters single deck blackjack will have just a $10 minimum, the house edge is nearly .5% since you can only double on 10 and 11. For all the card counters out there, this game is not a good opportunity because of the weak dealer penetration.

Double Deck (Dealer hits on Soft 17 / Player may double after splitting)
•Circus Circus – $10 table minimum
•Excalibur – $10 table minimum
•All other $5 and $10 double deck on the Strip will have worse rules such as no doubling after splitting.

Double Deck (Dealer stands on Soft 17 / Player may double after splitting)
•Aria – $25 table minimum
•Bellagio – sometimes on a weekday one table will drop to a $25 minimum
•MGM Grand – sometimes on a weekday one table will drop to a $25 minimum
•Mirage – $50 table minimum
•New York, New York (high limit) – $50 table minimum
•Treasure Island (high limit) – $50 table minimum
•Tropicana (high limit) – $50 table minimum

Minimum Blackjack Bet Bellagio

6-Deck (Dealer stands on Soft 17, Double after split, Resplit Aces, Surrender)
•MGM Grand – $10 table minimum
•Aria – $25 table minimum
•Bellagio – $25 table minimum
•Tropicana (high limit) – $25 table minimum
•Wynn – $25 table minimum
•All $5 multi-deck games on the Strip will hit on Soft 17.

So what’s the best value blackjack on the Las Vegas Strip? If you play good basic strategy and bet the table minimum, then out of the places I’ve mentioned you’ll lose the least amount of money over the long haul by playing the $10 minimum 6-deck at MGM Grand. In fact, you would have an expected loss of under $3 per 100 hands played. This low expected loss is due to the combination of low $10 bets and good rules.

Blackjack Maximum Bet Table

Looking for more options? If you’re willing to bump your expected loss per 100 hands up to the $3-$5 range, then you can play at the other places listed that are $25 and under. Playing $25 per hand can actually start to build some decent comp value over time. The $50 minimums would put you closer to a $10 expected loss per 100 hands played, but would also further increase your comp value. To be able to hang out at great places like Aria, Bellagioand Wynn, have free drinks, build some comp credit and have a good time, would you be willing to pay under $5 per 100 hands played? Sounds like a good deal for those that don’t want to take their game to a higher level with card counting. Just make sure you know your basic strategy!