Tag Archives: expected value

How to Maximize Daily Expected Value in Blackjack

By Sebastian Mat

Cigars and Playing CardsBlackjack is as much a game of skill as it is of chance, and this is one of the reasons why it has consistently remained so popular. From measuring your bet to calculating the odds and far more, the elements which make up a good strategy are wide and varied.

In this article, we want to look at how you as a player might balance all of the available factors so you can maximize the daily expected value you can get from the game. Follow these simple tips, and you’ll be well on your way to a better gaming experience.

Defining Value

Before we can even think about helping you pursue the best value, we first need to be able to define exactly what, in your mind, counts the most. For some players, value is all about being able to place a wide range of bets, from small bets to huge investments. For others, the value lies in being able to enjoy the experience for as long as possible, regardless of the winnings on the table.

In order to move on, you need to decide what counts as your value. Some of these tips might not apply for your game style, or in other instances, they all might be equally important.

EDITOR NOTE: Expected value (EV), as defined in Dalton’s Encyclopedia of Blackjack, is the theoretical outcome per wager and a measure of how much the player (or casino) can expect to lose (or win) in a particular game.  For a basic strategy player, your EV is usually negative.  Card counters and advantage players strive for positive EV when playing.  This article looks at an alternate definition of EV from the gambler’s perspective.  For the gambler, EV can be a combination of how much one enjoys playing, the ability to play longer, the quality of bonuses and comps given, etc.  To someone who is not an advantage player (AP), expected value has nothing to do with a theoretical return on investment.

Bang for Your Buck

For players who wish to spend a long time at the tables, it can be difficult to track down the experience which is best catered to you. Even in the cases where you can find a table which enables low bets to be placed, not all are created equal.

Take a regular brick and mortar casino for example. For these locations, you’ll be playing with your money all day, and this can limit even the most contained spenders. Compare this to the online betting opportunities available which often come with enormous bonuses. These bonuses like deposit matches are found on many websites and can keep you engaged on the service’s dime far longer than any older casino could manage.

If you’re in it for the long-haul, note that online casinos will always have the edge in this regard.

Learn Your System

Chips and CardsWhile we can’t recommend turning to card counting as a way to get ahead, at least in this instance, we absolutely recommend becoming familiar enough with your systems that they become second nature. Every player has their own tendencies, but those who wish to really make their mark are those who understand the statistical realities of the game.

There are a lot of different strategies you can use here for multi-deck, double-deck and single-deck. Players already intimately familiar with the game will undoubtedly already have their preference for game type picked out, but even in this case, it can be a good idea to widen your horizons.

In some places, your preferential type of blackjack might not be available, so being able to rely on a strategic fall-back can ensure a more sustained level of play.

If you do use blackjack strategy cards, then we understand it can be annoying to have to consult them every time, but after just a short while these concepts and numbers will easily become second-nature.

The Miscellaneous

The final component we need to look at is the surrounding environment of where you choose to play. Our environment often affects our mental state, so uncomfortable or frustrating surroundings can cause us to lose focus, or otherwise growing tired prematurely.

It’s not just decoration and noise which needs to be taken into account either, as food availability, comfort, and fellow players also need to be considered. Some players out there might be lucky enough to live in areas with a lot of options from which to choose, which can be great for these random elements.

For the rest of us, it can be useful to instead create our own little corner haven for online play. Remember, live casino games are also available online for those after a more visual experience.

Only by examining all of these aspects together should you be able to generate some idea of how you might get the best daily value out of your blackjack experience. If you’re not yet sure or haven’t experienced all that this world has to offer, then it might be a good idea to go and see some of these options for yourself.

Wherever you settle, there are no wrong answers. Do what is right for you, and your experience will be all the more valuable for it.

BLOG MENU