overwhelming majority
of the time when you hit it, and let the dealer
do his or her thing? The reason is as easy as saving
$7 for every $100 you bet in this situation! Your
16 against anything is a loser, no doubt; but your
16 against a dealer’s upcard of 7 will lose
you $48 for every $100 bet in this situation if
you stand, while it will only lose you $41 for every
$100 bet in this situation if you hit. That’s
a difference of $7. Yes, you are going to lose money
on 16 vs. a dealer’s upcard of 7 no matter
how you play the hand, but you will lose $7 less
on the 7 if you hit. So, memorize this right now,
or think of it as a drink: hit and you have a 7
& 7.
Many players erroneously
think that blackjack is close to a 50-50 game with
the house. Nothing could be further from the truth.
In blackjack, the player loses the majority of the
hands that aren’t pushes! The statistics show
that a player ties approximately 8 percent of the
time, wins approximately 44 percent of the time,
and loses approximately 48 percent of the time.
Yet, in terms of money bet, or monetary expectation
and house edge, a blackjack player playing perfect
basic strategy faces around a one-half percent house
edge -- translated that means one losing bet per
200 decisions! The reason for such a seeming anomaly
(you lose the majority of your hands but only half
of one bet deficit in 200 decisions) has to do with
the options that players can utilize. These options,
doubling down, pair splitting, hitting and standing
when used according to basic strategy get more money
on the table in situations that help the player’s
overall monetary expectation.
Sadly the reverse is
also true. When used improperly, all the player
options can give the house juicy edges against the
player. That is why even a perfunctory look at casino
blackjack statistics shows that it is the cash cow
of the casino table games and it is the players
who are being ground into chop meat because of their
poor play.
Blackjack
Basic Strategy
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