Casino games can be compared base on their average hourly cost to play. When you compare them this way, blackjack played with perfect basic strategy is clearly one of the best gambles in thehouse.
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Here’s how you calculate the average hourly cost of playing:
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You multiply the number of bets you’re making on average per hour by your average bet size. That tells you how much money you’re putting into action each hour.
You then multiply that number by the house edge.
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If you don’t already know, the house edge is the percentage of each bet that the casino expects to keep. Sometimes you’ll win a bet, and sometimes the casino will win. But if you average enoughof these wins and losses up over time, you’ll eventually see losses in keeping with the statistical probabilities.
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Let’s look at the hourly cost of playing a decent quality slot machine game at an average casino on the Strip in Las Vegas.
Most people make 600 spins per hour on a slot machine. Suppose you’re playing for $1.25 per spin, which is a quarter machine where you’re making bets on 5 paylines. That’s $750 per hour ofaction.
It’s not uncommon for a slot machine game to have a house edge of around 6%. That means you can expect to lose, on average, over time, $45 per hour.
Let’s compare that to blackjack played with perfect strategy.
We’ll assume you’re playing for $10 per hand, and you’re at a fast table with few other players. So you’re seeing 80 hands per hour, and you’re putting $800 per hour into action. That’s more thanyou were putting in at the slot machines, but not by much.
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But if you master basic strategy, the expected loss is between 0.5% and 1%. That makes your cost per hour somewhere between $4 and $8 per hour.
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That’s a huge difference. You just plain get more gambling for your money when you play blackjack sing basic strategy.
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