When I look at the various state gaming commission reports, I see "hold percentages" on table games in the 20+ percent range. Some of the reports breakout blackjack hold statistics, and those percentages are also in the 10 - 20% range.
How does this hold percentage reconcile to the house advantage? If the HE on a game of blackjack is .7% (assuming perfect basic strategy), how can that possibly translate to a hold percentage that is so high? What am I missing here?
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