What Is the Expected Value of Blackjack?

In blackjack, the expected value is the average amount that a player can expect to win or lose per hand. The expected value is calculated by taking all possible outcomes of a hand and multiplying them by their respective probabilities.

The final answer is then divided by the total number of possible hands.

For example, let’s say a player is dealt a hand with a probability of winning of 30%. The player’s expected value for that hand would be:

(30% x 1) – (70% x -1) = 0.3 – (-0.7) = 1

In other words, the player can expect to win $1 on average for every hand they play with those odds.

The expected value is an important concept in gambling because it can be used to determine whether or not a bet is worth making. If the expected value of a bet is positive, then the bet is considered to be profitable in the long run.

If the expected value is negative, then the bet is not considered to be profitable in the long run.

So, what is the expected value of blackjack? Well, it depends on a few factors, including the rules of the game and the skill level of the players. Generally speaking, though, the expected value of blackjack is positive for the player, meaning that it is profitable to play in the long run.