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Blackjack Payouts & Odds Made Simple

Blackjack Payouts & Odds Made Simple

Blackjack is a card game played in land-based and online casinos. The aim of blackjack is to have cards with a value closer to 21 than the dealer without going bust. 

In this Wizard Slots blog post, we’ll be going through everything you need to know about blackjack payouts, the odds, and how to pick the best blackjack game.

Blackjack Payout Odds 

In the long term, the odds of blackjack paying out is around 99.50%; this means that, ultimately, the house always wins. This may not seem like the best news, but blackjack still has the lowest house edge of all the casino games.

Odds Of Winning A Blackjack Hand 

It is always worth remembering that blackjack, and any other casino game for that matter, is a game of chance. 

Knowing the odds of winning blackjack and basic strategy may help you, but there is never a guarantee of winning. However, blackjack offers the best odds of winning out of all the casino games. 

A few different factors determine the odds of winning a blackjack hand. It’s not just based on your strategy but also on the rules of the house.

Every casino, both live and online, has its own set of rules for players to follow. Each one may have different variations of moves you can make. Before you play, be sure to know the universal blackjack rules and the rules of your chosen casino.

If you follow basic blackjack strategy, you could lower the house advantage to around 0.5%; it sits between 1-2% without basic strategy. 

What Are The Payouts In Blackjack? 

Payouts in blackjack are the payout ratios for any game. For example, winning a game of blackjack typically pays out at even money (1:1), whereas having a blackjack has a payout of 3:2. A blackjack is a hand where you have 21 in the 2 cards initially dealt (no hitting required).

You can find the payouts by looking through the blackjack payout chart on an online casino site. Knowing the payouts gives you a better understanding of what to expect with every blackjack game.

Knowing the ins and outs of the blackjack payout chart can give you an idea as to the sort of payouts you could potentially win. The chart outlines what you could win for each different bet you place

What Is Blackjack Early Payout? 

A blackjack early payout is when you can take an early payout while the game is still in progress. Players can choose early payout without completing their hand.

A player may choose a blackjack early payout if their hand isn’t great and the odds aren’t in their favour. They can quit by checking their current hand against the dealer’s card that is facing up

If the game isn’t going the way you thought it would, you may be able to choose early payout. Choosing this option could help minimise your losses.

What Is The House Advantage In Blackjack? 

The house advantage in blackjack is the statistical advantage that a casino has over a player. The house advantage, also known as the house edge, is represented as a theoretical number. 

Because the dealer acts last in blackjack, they have the edge over the other players. This is because the dealer gets to see all of the players’ cards first, but also because the dealer doesn’t necessarily have to play their hand. If a player busts, their bet is lost, and the house wins regardless of the dealer’s hand.

There are many different variations of blackjack, so the house edge may always slightly differ. Understanding the basic rules and strategy may slightly change the house edge in your favour. The typical house edge for blackjack is around 2% without basic strategy.

How Do You Pick The Best Blackjack Game? 

To find the best blackjack game to play, you first need to find a great online casino. There are many reputable online casino sites where you can play many variations of blackjack, including here at Wizard Slots.

Once you have found the best online casino and become a member, it’s time to browse through the different blackjack games on offer. Have a look around to see which blackjack game has the lowest house edge. Picking the blackjack game with the lowest house edge potentially gives you the best winning chance, although it is not guaranteed.

*All values (Bet Levels, Maximum Wins etc.) mentioned in relation to this game are subject to change at any time.