Understanding House Edge and Payout Percentage
In order to understand the odds that you will win in blackjack, you must understand the concept of house edge and payout percentages in the game. The house edge is the percentage of your money that the casino will keep. It is a theoretical number. In other words, it can be understood that if the house edge is 5%, the casino will keep 5% of what you spend (or $5 out of every $100 you spend).
The return percentage or the payout percentage of the game is the amount of your own bets that you will keep. In other words, if the payout percentage is 95%, you will keep 95% of your bets (or $95 out of $100 bet, while the casino will take $5).
Blackjack offers one of the best odds in the casino for players who play according to optimal strategy. If you play a random game of blackjack, the odds are around 2-5%; however if you play using optimal strategy, you can reduce those odds down to as low as 0.5%. This means that using optimal strategy to play the game you will lose only 50 cents out of every $100 you spend.
Choosing a Game of Blackjack
In order to increase your chances of a win in blackjack, you need to choose your game carefully. Different online casinos will offer different house rules and the house rules for the game can significantly affect your blackjack odds. Look for a casino that offers more player-friendly terms and you will increase your odds of winning.
Playing with Optimal Strategy
Once you have chosen your casino and your blackjack table, it will be time to begin playing the game. In order to reduce the blackjack odds down to 0.5%, you must play with optimal strategy. You can make use of a blackjack strategy chart to help you. These charts provide a list of every possible combination of cards you may be dealt and the optimum way for you to play those cards, based on the possible up-card of the dealer. You need to memorise these charts and use them every time you play the game as these will certainly improve your chances of a win in blackjack. Once you have mastered basic blackjack strategy, move on to learning advanced strategy techniques as these will ensure you continue to improve your odds of winning the game.