How effective is blackjack basic strategy when naturals pay 6-5? Is there ever a good time to play blackjack when it pays 6-5? How can a game be called "6-5 blackjack" when at least at a table game, a casino doesn't pay off with 20-cent chips (since the pay for a natural is actually $1.20 per $1 bet)?
[Editor's Note: Our man in the blackjack trenches, Arnold Snyder, tackles all of today's questions.
Let’s start with your first question: How effective is basic strategy on a 6-5 game?
This payout, in fact, doesn’t change basic strategy at all. The 6-5 payout affects only card-counters’ betting strategies, essentially by requiring counters to place fewer big bets as they must wait for a higher count for the advantage to shift from the house to the player. Because of this, most counters avoid 6-5 games.
The 6-5 payout on blackjack s increases the house edge by 1.4% over what it would be with the standard 3-2 payout. This means that in a typical shoe game where the player expects to buck a house advantage of about 0.5%, 6:5 gives the house closer to a full 2% advantage.
Is there ever a good time to play blackjack when it pays 6-5? If by “a good time to play” you mean a “profitable” time for an advantage player to take a seat at the table, the answer is yes, but again, not so much for card counters. Many hole-card players loved seeing the 6-5 games take over the blackjack pits, as this trend greatly increased the number of hand-held single and double-deck games, which increased the number of poorly trained and sloppy dealers flashing their hole cards.
How can a game be called "6-5 blackjack" when casinos don't pay off with 20-cent chips? When bets in "off numbers/amounts" are made (such as $6, $7, $8, $9, $13), the return rates drop from 1.20-to-1 to anywhere between 1.166666-to-1 to 1.111111-to-1, which is even worse for the player than 1.20-1, and much worse than the 1.50-to-1 on 3-to-2. Still, the game can be called 6-5 blackjack, even when the payouts on many bets are less than 6-5, simply because state gaming regulators allow casinos to do so. The reasoning on this isn't so much devious as it is practical: Requiring casinos to “correctly” pay off bets using pennies, nickels, and dimes as needed would be a nightmare.
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