How Does DraftKings Make Money on Blackjack?

DraftKings, the popular fantasy sports platform, has recently ventured into the online casino market with their new product DraftKings Casino. One of the most popular games on this platform is blackjack.

Have you ever wondered how DraftKings makes money on blackjack? In this article, we will delve into the various ways through which DraftKings earns profits on this classic casino game.

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Blackjack is a game of chance that involves players competing against the dealer to have a hand that adds up to 21 or as close to it as possible without going over. The game is played with one or more decks of cards and can be found in most land-based and online casinos worldwide.

DraftKings Casino offers players different variations of blackjack such as Classic Blackjack, Atlantic City Blackjack, and Vegas Downtown Blackjack. These games come with different rules and variations, but they all have one thing in common – they are designed to generate revenue for the house.

Here are some ways in which DraftKings makes money on blackjack:

1. House Edge

The house edge is a mathematical advantage that casinos have over players. It is calculated based on the difference between the odds of winning and losing a particular bet. In blackjack, the house edge varies depending on the rules of the game and the number of decks used.

For example, if you play Classic Blackjack at DraftKings Casino with basic strategy (a set of rules that determines when to hit or stand based on your hand value and dealer’s upcard), then the house edge is around 0.5%. This means that for every $100 you bet, you can expect to lose around 50 cents in the long run.

2. Commission

In some variations of blackjack such as Atlantic City Blackjack, a commission is charged for certain winning hands such as a natural blackjack (an Ace and a 10-value card). At DraftKings Casino, a commission of 3% is charged on winning hands that pay out at 3:2 odds. This means that if you win a hand with a $10 bet, your payout will be $15 (3:2 odds), but you will only receive $14.55 after the commission is deducted.

PRO TIP:DraftKings makes money on Blackjack by taking a percentage of each player’s bet (known as a rake) and from the house edge. The house edge is the mathematical advantage that the casino has over the players, which is usually around 0.5%. DraftKings also makes money through various promotions and incentives that players can take advantage of.

3. Side Bets

Side bets are additional wagers that players can place on certain outcomes in the game such as pairs, trips, or suited cards. These bets have higher payouts than regular bets but come with a higher house edge.

DraftKings Casino offers several side bets in their blackjack games such as Perfect Pairs and 21+3. These bets have payouts ranging from 5:1 to 100:1 depending on the outcome, but they also have a higher house edge than regular bets.

4. Bonuses and Promotions

DraftKings Casino offers various bonuses and promotions to attract new players and retain existing ones. These bonuses usually come with terms and conditions that require players to meet certain wagering requirements before they can withdraw their winnings.

For example, DraftKings Casino may offer a welcome bonus of up to $500 for new players who make their first deposit. However, this bonus comes with a 25x wagering requirement, which means that you must wager 25 times the bonus amount ($12,500) before you can withdraw any winnings.

In conclusion, DraftKings makes money on blackjack through various methods such as the house edge, commission, side bets, and bonuses/promotions. While these methods may seem unfair to some players, they are necessary for casinos to remain profitable and continue offering exciting games to their customers.

As always, it is important to gamble responsibly and within your means. Good luck at the tables!

4 Related Question Answers Found

How Does DraftKings Blackjack Jackpot Work?

Do you enjoy playing online blackjack? Have you heard of DraftKings Blackjack Jackpot but aren’t quite sure how it works? If so, you’ve come to the right place!

How Does Blackjack Early Payout Work?

Blackjack Early Payout is a variation of the traditional blackjack game that was created by Visionary iGaming. It is also known as Blackjack with Early Surrender or Early Payout Blackjack. This game has gained popularity because it offers players an opportunity to cash out their hands before the completion of the round.

How Do You Win Blackjack in DraftKings?

There are a few things you can do to improve your chances of winning at blackjack in DraftKings. First, make sure you understand the basic rules of the game and how it is played. Second, familiarize yourself with the different blackjack games offered by DraftKings.

Can You Win on DraftKings Blackjack?

Yes, you can win on DraftKings blackjack. The game is set up so that the house always has a slight edge, but skilled players can win in the long run. To win on DraftKings blackjack, you need to understand basic blackjack strategy and follow it religiously.