One of my local stores uses $2.50 and dollar chips, but no quarters. When a player gets blackjack with a bet that includes one $2.50 chip (so $5.50, $6.50, $7.50, etc.), the dealer pays the $2.50 chip with four dollar chips (total of $4).
So if a player flat bet $5.50, he would receive $8.50 for each blackjack -- about a 3 percent increase from the standard payout of 3:2. As the player's bets increase in size, the percent increase becomes less significant (for example, a bet of $52.50 would pay $79.00, about a 0.3 percent increase).
I believe rounding up also applies at the few $5 late surrender tables at this store. Bet $5.50, surrender and get $3 back.
I'm a red chip player with a small bankroll, so minor edges are important. Most of my bets are $5, except on days when I primarily backcourt. How exploitable is this? I'm thinking I could play three hands of $5.50 in counts around +1 to maximize the number of low bets on the table. The complicated payout will slow down the game, but it might also lead to more dealer mispays.
This topic was also addressed in this thread at BlackjackInfo.com: http://www.blackjackinfo.com/bb/showthread.php?t=10745
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