The payout percentage reflects the total amount of money returned after all rounds been played. When calculating payouts, we also assume that the player uses the basic blackjack strategy. The payout percentage reflects the portion of the money that players can win back. The house edge and its payouts are always 100%. The house edge is always expressed as a percentage. In this case, we assume that the player uses the optimal strategy of blackjack. We can calculate the casino edge by multiplying all bets made in blackjack by the percentage of money that the casino keeps.

Therefore, it gives players a better chance of winning. The fact is that using the right strategy when playing blackjack can reduce the casino's house edge from 8% to 0.5%. too many other subjects and hobbies keep me busy.Blackjack, the most exciting casino game in recent years, has become one of the most popular and sought-after gambles in the world. Unfortunately, I no longer have much of an interest in blackjack. (And it wasn't written using Excel.) Someday when I'm bored I should re-write it, this time with Excel and VBA. Again, this was many years ago when I wrote it. and THAT'S why it's the recommended play.Īlas, I no longer have that program. But SPLITTING the 8s loses LESS money than hitting or standing. No matter what you do your end result is going to be negative. It turns out (as I remember) that two 8s against a 10 is a losing hand. Again, each hand was simulated millions of times. Finally, I took two 8s and stood with it. I then did the same thing with two 8s and instead of splitting I hit that hand. I kept track of the number of wins, losses, and ties, but more importantly, I also kept track of the amount of money won/lost. splitting two 8s against a 10, and let the computer play just that hand millions of times. Okay, but I wanted to prove that for myself. if a player has two 8s against a dealer's 10, you're supposed to split right? Why? Well, because the blackjack charts say so. I then set up each possible 'hand' and ran millions of simulations with each hand.įor example. I simply simulated a blackjack game, with all of the black rules, number of decks used, options, etc.

You don't have to know beans about 'binomials' or the 'PROB() function' you mentioned.

In fact, for many years I was somewhat of a blackjack 'fan.' I own more than 40 books on the subject!Īnyway, many years ago I re-created those charts we all see in books. Yes, I've seen those blackjack Basic Strategy charts. I realize I'm replying to a very old post, but maybe you'll see this and you're still interested, and even if you're not, someone else in the future might see my reply and might benefit from my answer.

Blackjack odds simulator