Las Vegas Sands Casinos Now Paying 6 to 5 for Blackjack
May 15th, 2014 by Site Admin
According to a report by Business Insider, a small change of rules at a couple of Las Vegas casinos, owned by Las Vegas Sands, will put blackjack players at a serious disadvantage.
According to the old blackjack rules at the Palazzo and the Venetian, natural blackjack gets paid 3 to 2. For example, if a player bets $10 and gets a natural blackjack, he or she will get a prize of $15. Now the casinos are paying 6 to 5 for blackjack, which means that the player who gets blackjack will get only $12.
The change in rule will increase the house edge in a big way and players are betting off just staying home and playing free blackjack. Using a tool available at the Wizard of Odds, one can find out how this will affect blackjack players at the Palazzo and the Venetian.
The tool, which is used to calculate the house edge, shows that, in case of casinos that pay 3 to 2 for blackjack, the house edge is only 0.403 percent if players are using the proper blackjack strategies. The 6 to 5 blackjack payout increases that house edge to 1.76 percent. While in the previous case, the house gets around $4 for every $1000 bet by players, in the latter case, the house gets $18.
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