In blackjack, casinos make money by using a house edge. The house edge is the difference between the true odds of a game and the payout odds that the casino offers. For example, in a game of blackjack, the true odds of getting a blackjack (an ace and a ten-value card) are 4 in 13, or approximately 31%.
But most casinos only pay out 3 to 2 for a blackjack, which means that the casino keeps $5 for every $100 that is wagered on blackjacks. So, for every $100 that is bet on blackjacks, the casino will make an average profit of $5.
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PRO TIP:Casinos make money in blackjack by taking a cut of each pot, known as the ‘house edge’. This house edge is typically between 2-5%, meaning that the casino will make money in the long run. To maximize their earnings, casinos will often offer bonuses and other promotions that can increase their edge even further.
This may not seem like much, but over time it can add up to a lot of money. For example, if a casino has 100 blackjack tables and each table sees 100 hands per hour, that’s 10,000 hands per hour.
If the house edge is 5%, then the casino can expect to make an average profit of $500 per hour from blackjack.
Of course, this is just an average, and some players will win money while others will lose money. But in the long run, the casino will always come out ahead.
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