Along with the rules, new players should know the blackjack superstitions before playing the game. The strong factor of luck brings with it superstitious behavior, born of the need to control the action.
The vast majority of players, dealers and pit bosses believe that there are hot and cold tables. The nonsense of this concept is absolutely proven by the element of fresh chance in every new hand. Players often over-bet their hands at seemingly “hot” tables. If they win, the superstition is solidified. If they lose, well then this is just their own unlucky day.
Winning and losing streaks are simply the products of mathematical probability. Each game stands on its own potential, like a coin toss. The source of table hopping is the happenstance of losing at a long-played table. The winning percentage cannot logically be altered by moving from table to table. However, blackjack players do not always possess the sense of logic while in the midst of betting.
Insurance should be taken if less that three 10s are among the exposed cards on the table. However, insurance is needlessly taken in many instances when players have great hands of 20 or blackjack.
The third baseman is the brunt of yet another blackjack superstition. This concept concerns the player who is hit last and has a 12 or greater, while the cards showing for the dealer total six or less. If that third baseman hits, many players superstitiously believe that the third baseman has contributed to a good hand being hit by the dealer. The last person to be hit is obviously not in a very popular position.
Blackjack is Alive and Evolving Well
The casino is out to maximize its profit. The use of multiple decks increase the odds in favor of the house. Therefore, multiple decks are used in an increasing number of casinos.
The player’s option to Surrender can be found in most casinos. After the first two cards are dealt to the player, the option materializes. A player who chooses to Surrender will receive half of his bet. Used in obviously weak hands, the option is a smart move that can open the door to ending your gambling day ahead of the game. Every player would benefit from learning the ins and outs of this technique before sitting down at the table.
A slight increase in the casino’s odds results from the soft 17 rule, which is generally followed in Las Vegas. This rule provides that dealers hit on soft 17, consisting of an Ace and six.
Players generally view Indian Reservation casinos as generic in nature. However, newly-established reservation casinos are glitzy and sophisticated. They are accompanied by several restaurants and entertainment locales.
Blackjack versions are sprouting up all over. Some of the variations are 6:5 Blackjack, Super Fun Blackjack Single Deck, Double Diamond Blackjack and Spanish 21. A very slight increase in the house odds results from the newer blackjack versions. However, even with that minimal increase, the player’s odds in roulette are not as good as those for blackjack. Some of these variations require an altered game strategy. The player that studies the best techniques for each variation before wagering real money, is the player that stands the best chance of winning.
Slot machines have turned the tables on table games. The slot machine used to be a poor cousin to the card game. As gambling has matured, however, the slots have become the real casino money makers, contributing a huge 70% of total house net revenue. To increase the profitability of table games, casinos raise the minimum bets in blackjack.
The effect of 6:5 Blackjack Single Deck is a negative for the player. Payouts of 6:5 decrease the blackjack pay from 1.5 to 1.2. This creates worse player odds than those established by the use of multiple decks.
With the sharp increase in online and land casinos, several noted precautions will save the player from a lot of frustration. First of all, check out the casino as to its registration. Secondly, look into the laws of your own country to make sure that gambling at that casino is legal. Thirdly, make certain that the casino auditor is commonly known to be trustworthy. Lastly, make sure that the casino pays winnings quickly. It’s always best to check out the depth of the pool before diving in.
Thorp’s Card Counting
The technique of card counting is so successful that casinos the world over have instituted counter-measures to dispel this winning strategy. The inventor of card counting is Dr. Edward Thorp, a brilliant mathematician. Born in 1932, Thorp was a math and quantitative finance professor at the University of California at Irvine. His card counting theory was first published in Thorp’s book Beat the Dealer in 1962. Through card counting, it is possible to reduce the casino edge to a minimal percentage.
To crush the effects of card counting, casinos are increasingly switching to electronic continuous deck shuffling. When cards are constantly being shuffled, the memorization of cards in use becomes irrelevant.
A further tactic of casinos in their battle against card counting is to bar mid-deck entry. Therefore, a blackjack player cannot enter a game until the deck has been re-shuffled. Casinos also engage in card burning to dissuade the use of card counting. The removal of a card from the deck, without making its value known to the players, is termed card burning. This obviously frustrates the use of Thorp’s card counting.
Thorp eventually turned his knowledge of statistics and probability into a focus on the stock market. His book Beat the Market was published in 1967. In his treatise on stock trading, Thorp divulged his methods for reading the trends of the stock market. Through various techniques, Thorp was able to manipulate the market. He became wealthy with the success of his books and stock market investments.
The Connection Between Blackjack and Playing the Stock Market
Casino players generally have a losing attitude toward gambling. They play simply for the thrill of the game. Serious gamblers who have learned their game well and are prepared with gaming strategies, are the players who maximize their winning potential. They own the odds and bet appropriately. The same principles can be applied to stock trading. In both fields, the players are in business, keeping accurate records, even-tempered and in it for the long-haul.
Winning is about improving your odds through acquired skills, techniques, knowledge and experience.