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Blackjack Payout Changes at Two Las Vegas Casinos

Posted on August 14, 2014 by Kimberly Goshterson

 

Blackjack payoutTwo Las Vegas casinos have decided to enact a few subtle changes to their blackjack payout rules. These casinos are the Venetian and the Palazzo, both famous for attracting blackjack players from around the world. Here is a brief overview of regular blackjack payout rules and the changes made by these casinos.

Regular Payout Rules:

In blackjack, the objective is to get to 21 as quickly as possible. If the player gets there before the dealer, they win. If either the player or the dealer gets more than 21, the other party wins. In regular blackjack circumstances, the player gets a one to one payout. For example, if you bet a $100 chip and you win, you are left with two $100 chips.

The rule change is for players who get a natural blackjack. This means that their first two cards are a 10 and A. This adds up to 21, which is a blackjack. Under regular rules, players get a 3/2 payout when they win in this manner. So if they had $100 bet on the hand, they win $150. However, these two casinos have changed the circumstances to a 6/5 payout. Thus, a player betting $100 and winning through a natural blackjack would only win $120.

Hurting Blackjack Players:

This rule change will hurt the bottom line for blackjack players, while adding to casino profits. By paying out at 6/5 instead of 3/2 on natural blackjacks, casinos will save a lot of money. A natural blackjack may seem rare, but it is actually a common occurrence. One out of every 20 hands will result in a natural blackjack.

Casinos have a house edge at blackjack regardless of these rule changes. Typically, there is a 0.4% house edge when playing against a player who uses flawless blackjack techniques. By employing the 6/5 payout method for natural blackjacks, the edge increases to 1.7%. Despite the rule change being downplayed by the Venetian and Palazzo, this is a dramatic shift of the odds in favor of casinos.

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