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Effect of Blackjack promotion in house edge

Discussion in 'Online Casinos' started by BakuPT, Jan 27, 2006.

    Jan 27, 2006
  1. BakuPT

    BakuPT Dormant account

    Occupation:
    None your business
    Location:
    Portugal
    Harrods is gonna run a promotion this weekend in which every time the dealer has Blackjack, you will get half of your wager back.

    What effect does this promotion has on house edge? Anyone knows?

    Thanks.
     
  2. Jan 27, 2006
  3. mitch

    mitch Dormant account

    Occupation:
    Secret
    Location:
    UK
    Hi BakuPt

    This promotion gives a player edge of around 2%. A fantastic offer in other words.

    I have played this offer before and have always come out with the maximum win.

    Harrods is a great casino. Go for it bro. (did I just say that!)

    Mitch
     
  4. Jan 27, 2006
  5. Slotmachine

    Slotmachine Dormant account

    Occupation:
    Management
    Location:
    US
    Wow, that's very cool! What are the T&C's like?

    I'm wondering: What alterations does one need to make in one's strategy with such a rule? I imagine the optimal strategy for this should be significantly different from the basic strategy?

    Cheers,
    SM
     
  6. Jan 27, 2006
  7. jsp377

    jsp377 Dormant account

    Occupation:
    Student
    Location:
    Williamsburg, VA
    It shouldn't effect basic strategy at all.

    If it's American hole-check rules, play would not be any different, since you already know the dealer doesn't have a blackjack when you start making decisions.

    In European rules, the only real strategy change I could think of making would be whether to double or not in the 11 v T situation. In this case, you'll get 2*p bets back if the dealer has a BJ, rather than just p bets, where p is the probability that the dealer has an ace in the hole (around 7.7% or so). Given that this difference is at most .077 (2p - p, which is the maximum that doubling could end up higher than hitting) in that one situation, I doubt it makes much of a difference.
     
    Last edited: Jan 27, 2006
    3 people like this.
  8. Jan 27, 2006
  9. Holly

    Holly Dormant account

    Occupation:
    student
    Location:
    Washington
    I'm gonna throw out a preemptive "no, you should not take insurance" out.
     
  10. Jan 27, 2006
  11. Slotmachine

    Slotmachine Dormant account

    Occupation:
    Management
    Location:
    US
    For BJ strategy advice, Who you gonna call?
    Jsp377!:thumbsup:

    Cheers,
    SM
     

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