Blackjack is different from
this in two very important ways. First, it's one of the
few casino games in which the player uses his judgment
to make decisions after his bet has been placed. These
decisions will either increase' or decrease his chance
of winning the bet. For example, if you always stand when
you have 2-4-Ace against a dealer's 4 up, you'll win only
46% of those hands, but if you hit you'll win 53% of them.
Hence, for you blackjack may be the best game in the house,
or the worst one depending upon how well or how poorly
you make your decisions.
It's true that some of the newer games like Caribbean
stud or Let it Ride also offer the player the opportunity
to make strategic playing decisions. But these games are
modern day inventions, developed according to a much more
limited set of mathematical probabilities. The house has
you right where they want you when you're playing "perfect"
strategy in Caribbean stud or Let it Ride -- at a 2'/2
to 3 percent disadvantage!
On the other hand, the game of blackjack is more than
a century old. When its rules were first structured, putting
the house at an advantage was much more complicated than
just paying 35-to-1 on a 37-to-1 shot.
The game's developers
had no computers to determine what the exact percentages
would be in many of the more extreme nuances that can
arise. But that was okay because the player too, would
be limited by his own reasoning powers. That being the
case, the available design tools of their day were sufficient
to provide the house with a comfortable edge over any
human of that era. And so it went for several decades.
Then came the age of computers.
Now we have to examine what our chances are of win¬ning
or losing multiple hands consecutively. To do that, we'll
work with a chart I created that clearly depicts the probabilities.
The figures on the chart were gen¬erated by taking
the number two to the sixteenth power (2") to simulate
wins versus losses over thousands of hands of play, not
taking into consideration ties, or as they are some¬times
called, pushes. The results were rounded and evened up
for our basic analysis. If you look at Figure 6-1, you'll
see two ways of interpreting the results regardless of
the deck configurations.