Wizard Of Odds Blackjack House Edge
Mathematician and actuary Michael Shackleford, the Wizard of Odds, took a long look at the new game Spread-Bet Blackjack, which debuted at the Global Gaming Expo in Las Vegas this year.
The game is a standard blackjack variant, which offers three different side bets. The Wizard reveals that the bets can be placed at the same time as the regular blackjack wager, and pays out by adding the number of the player’s cards. Those who get a 2 or a 3 are paid 50:1, those with 4 to 5 get paid 21:1, and those with a 6 to 9 are paid 5:1.
Michael Shackelford is one of the top blackjack experts in the field and probably the best blackjack statistician in the business. Going by the name of the Wizard of Odds (including on his website), Shackleford has an unending supply of stats and odds for the game of blackjack. According to the Wizard, the Pennsylvania blackjack games have a house edge of only 0.4% when proper basic strategy is applied. The good house edge is due to a number of rules that are beneficial to the player. House Edge in Blackjack. When it comes to gambling, savvy blackjack players know to calculate their probabilities of winning, against the percentage of games likely to be won by the house. This is known as blackjack’s house edge. If the dealer has a blackjack, then player loses all bets made, including from doubling and splitting, except a blackjack tie will push. The cost of this rule to the player is 0.08% when doubling, and 0.03% when splitting. This breakdown is important in the case of Galaxy casinos in Macau, where the player only loses the original bet when doubling.
There are two major variations of this game. The first one is relatively straightforward, and the edge to the house is 10.44% for the 2 or 3 bet, 9.13% for 4 or 5 bet, and 7.69% for the 6 to 9 bet. The second game sees a Royal Blackjack dealt to players as a push. The 2 to 3 bet edge is 6.88% for this game, 5.57% for the 4 to 5, and 4.13% for the 6 to 9.
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The game was shown off at the Global Gaming Expo, which took place at the Sands Expo Center in Las Vegas earlier this month.
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Shackleford is the namesake behind his Wizard of Odds website, which is a sister-site to Online Blackjack. There he reviews different casino games and gives insight into the different odds and strategies to give players the best odds possible for lowering house edge.
No timetable for the release of Spread-Bet Blackjack is available as of press time, nor is a list of casinos that it’ll be offered at.
Wizard Of Odds Blackjack Strategy
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