Does anybody know what casinos expected % is at blackjack tables? I read somewhere that it was 15-20% and if that's true i don't understand how it is that high.
It varies by property but 15% is about right and 10% is considered "low" and out of the ordinary if sustained for more than a few weeks.Originally Posted by liddellfan2003
—per Casino Security and Gaming Surveillance by Derk Boss and Alan W. Zajic
Edit: Let me make a clarification, the % I quoted is the average "hold" or return per table. Cumulatively I do not know.
Definition of "hold"
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Last edited by Tom; 07-07-2012 at 04:55 AM.
Yes, this is the Hold. Griffin estimated the worst Blackjack player in the world would have a 15% disadvantage. That includes never doubling and always splitting and resplitting tens.
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
average BJ game returns what, .5% to the house if the player plays perfect strategy? That means every player that plays is expected to lose 1/2 of a percent of all the money they put in. Now, most players set a limit or play until the money they brought goes away. ie. if they go on a losing streak they don't have the $ to keep playing. The casino, on the other hand, never closes, never runs out of money and has an advantage off the top. They can have a bad day to a individual player but generally that player will give it back later.
In short answer, yes.
Average bet doesn't matter. Think less in terms of per hand/per hour and more in terms of per day. The hold is calculated daily. This means that at the end of the day, when the casino stops play for that particular table (or replaces the drop-box or whatever), about 15% of all money in the drop box will be profit. The rest would be equivalent to the number and value of chips given to players (winnings, change, etc). Say 100 players use the table during the time period and each place 100 bets of $10 (just as example), if the house is holding 15% then their drop box will have $100,000 with $15,000 of that as profit. If the box is swapped every 12 hours then the return averages $1250/hour or $1.50/hand. But again, they don't really care about per hand/per hour, because averages can be misleading. Their main concern is per day....remember, casinos are in it for the long-term.
Last edited by Tom; 07-07-2012 at 10:42 AM.
I don't know about that. I saw someone who would hit or double hard 19 and hard 20 every time.Yes, this is the Hold. Griffin estimated the worst Blackjack player in the world would have a 15% disadvantage. That includes never doubling and always splitting and resplitting tens.
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