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Jud: Two Dollar Blackjack
Don,
What would be the disadvantage by taking 25 cents per hand on a $2 bet? (see below) Total disadvantage with AC rules (hit S 17). Looks like a ripoff to me.
Thanks
Jud
ATLANTIC CITY ? Resorts Atlantic City plans to resurrect $2 games at two blackjack tables for a trial run starting next month. But players will have to pay a 25-cent fee per hand.
The fee is the first of its kind in the gambling resort. It was approved Wednesday by the New Jersey Casino Control Commission.
Resorts' table games director Kevin Brown says the $2 tables will target players who are just learning blackjack and may be intimidated by higher-limit games. He says the 25-cent fee will help defray operating costs.
Once common in Atlantic City, $2 blackjack tables have been replaced by higher-limit games in the profit-driven industry.
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Chucke: Re: Two Dollar Blackjack
I?m not Don and no math wiz but a rough estimate says stay away from this game. Don or others on this site can give you a more precise answer (and correct mine where wrong) but here goes.
At 25 cents charge per hand and an approximate house edge of .4 leaves a disadvantage to the basic strategy player of this game of 12.9%. For every $2. bet the house gets 25.8 cents. Now if you play 60 hands an hour, it will cost the $2. bettor $15.48. per hour on average. Errors in basic strategy from beginners will make this worse of course. Worse yet is if they make this a 6/5 game.
If that same player decided to play a $10 or even $25. 6 or 8 deck game with AC rules (range from approx. -.45 to -.67 depending on h or s17), he would be much better off. If we call the average house ev -.55, then the $10. player will give the house $3.30 per hour while the $25. player gives up $8.25 per hour to the house. Of course the dollar fluctuations will be greater with the higher bets. Because of that, the general public will not realize that they will lose much more per hour on average with the 2 decks, $2. game.
This is not a game to help beginners who are timid about playing BJ as much as it is a rip-off of unsuspecting beginners and others that don?t have a clue about the math of the game. AC keeps going down, down, down.
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Don Schlesinger: Lovely answer
I can't improve on it.
Don
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Chucke: Re: Lovely answer
> I can't improve on it.
> Don
Thanks Don. Sorry it took so long to get back.
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Chucke: Re: Follow up
> Don,
> What would be the disadvantage by taking 25 cents per
> hand on a $2 bet? (see below) Total disadvantage with
> AC rules (hit S 17). Looks like a ripoff to me.
> Thanks
> Jud
> ATLANTIC CITY ? Resorts Atlantic City plans to
> resurrect $2 games at two blackjack tables for a trial
> run starting next month. But players will have to pay
> a 25-cent fee per hand.
> The fee is the first of its kind in the gambling
> resort. It was approved Wednesday by the New Jersey
> Casino Control Commission.
> Resorts' table games director Kevin Brown says the $2
> tables will target players who are just learning
> blackjack and may be intimidated by higher-limit
> games. He says the 25-cent fee will help defray
> operating costs.
> Once common in Atlantic City, $2 blackjack tables have
> been replaced by higher-limit games in the
> profit-driven industry.
My local paper (NJ Herald) had an article on this today, 2/15. It states that the 25c charge will be on bets of $2-$5. How generous - the vig is only an additional 5% on $5 bets. The article didn't specify any rules. I still wouldn't be suprised if those tables are 6/5 monsters. It also states that if these tables become popular, Resorts is going to add more of them. Imagine a 5%+ vig and 6/5 - it could happen. This is AC.
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