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How Much Does A Casino Dealer Make
How Much Do Blackjack Dealers Make In Ohio
How Much Does Blackjack Dealer Make

Yearly salary of a professional blackjack player

How casinos make money at blackjack. On certain games (21+3 or Match the Dealer), I imagine the casino makes MUCH more on the side bets than on the game itself. Outside of the sucker bets, the next biggest factor would be playing improper strategy, followed by the high hands played per hour. The latter is variable though, as it relies on. The average salary for a casino dealer is $14.97 per hour in Las Vegas, NV and $138 tips per day. Dec 21, 2019 The average hourly pay for a Blackjack Dealer is $9.17. Visit PayScale to research blackjack dealer hourly pay by city, experience, skill, employer and more.

What is the salary of a professional blackjack player? It’s a common question I hear, but what would seem like a simple enough question actually has a fairly complex answer. First of all, the term “blackjack player salary” isn’t quite appropriate. Professional blackjack players don’t make a set amount of money every month like a salaried employee does. Playing blackjack for a living is more like owning your own business or working for 100% commission. Therefore different professional players make different amounts of money based on many varying factors. Some of the more obvious factors being the stakes the played at, the amount of time spent playing and the skill level of the player. There are also many less obvious factors involved in determining how much money a professional player will make. I’m not going to cover all of them here, but just a few of these additional variables include the quality of the blackjack games played, the card counting system used and the size of the player’s betting spread.

The “Salary” (Income) of a Pro Blackjack Player

Feb 10, 2008 All blackjack dealers (in Nevada, anyway) make minimum wage plus tips. Because of this, wages can vary greatly from place to place, and shift to shift. A new dealer at a small casino (where. The base salary for Blackjack Dealer ranges from $15,734 to $19,097 with the average base salary of $17,335. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $18,284 to $22,571 with the average total cash compensation of $19,999.

Blackjack Player EarningsEvery blackjack player has a theoretical “expected value” of their play. When you bet $100 on a hand, you’re going to win or lose $100 (assuming you don’t push, double, split, surrender or get a blackjack). However, over time there’s an average value of that hand. In card counting, high positive counts create a positive expected value for a card counter and negative counts create a negative expected value. Knowing this, and knowing how to take advantage of this, is the foundation of how professional blackjack players are able to make money.

So exactly what is the total overall expected value for a professional blackjack player? Check out the examples below to get an idea. For simplicity I’m going to do some rounding off and I’ll assume only one hand is being played with all counts being played through (no backing out on negative counts).

Bellagio (Las Vegas)
# of decks: 2
Rules: S17, DA2, DAS, no RSA
Stakes: $100 units
Betting Spread: 1-5 ($100-$500)
Penetration: 68%
Counting System: Hi-Opt II with Full Indices
Hands/Hour: 180
Expected Value = $390 per hour

JA Nugget (Reno)
# of decks: 1
Rules: H17, DA2, no DAS, no RSA
Stakes: $50 units
Betting Spread: 1-4 ($50-$200)
Penetration: 7 Rounds (heads up)
Counting System: Wong Halves with Illustrious 18 Indices
Hands/Hour: 200
Expected Value = $285 per hour

Foxwoods (Norwich, CT)
# of decks: 6
Rules: S17, DA2, DAS, LS, no RSA
Stakes: $50 units
Betting Spread: 1-10 ($50-$500)
Penetration: 80%
Counting System: Hi-Lo with Sweet 16 & Fab 4 Indices
Hands/Hour: 220 (heads up)
Expected Value = $275 per hour

Needless to say, changing any of the variables listed would alter the expected value of an hour played. Now let’s assume for simplicity that a professional blackjack player played each of these scenarios for 5 hours per week. That’s a respectable 15-hour work week (nice, right?). Here’s what the 15 hours per week would yield in theoretical expected value…

How Much Does A Casino Dealer Make

(5 hours X $390) + (5 hours X $285) + (5 hours X $275) = $4,750 per week

$4,750 X 4 weeks = $19,000 per month

Yearly Theoretical Earnings from Playing Blackjack

Okay, so in this example you’re looking at $19,000 per month, which would then be $228,000 per year if you played for 12 months. These numbers are theoretical, meaning that your reality will not be exactly there. You might overshoot your theoretical (gotta love that) or you might fall short (not as fun). However, if you play enough hours it all pans out over time, or at least your results will be in the ball park of your theoretical earnings. Getting it all in cash is nice too.

If you’re contemplating a career as a professional blackjack player, you have to understand your own personal circumstances. You might play more or less hours than this. You might play higher quality or lower quality games. You might not have a very high skill level or you might play at higher or lower stakes. You also need to know what kind of bankroll can handle these levels of action, but that’s not something I’m going to get into here. This is just a teaser to show you the potential of a skilled blackjack player rather than a guide on how to actually reach these numbers. If you want to know everything that goes into being highly successful, you’re going to need to do more than just read a few pages off a website. You might want to consider my next blackjack class. I apologize for the shameless plug, but whether you want to become a professional player or just make some extra cash on the weekends, my class is definitely a smart investment.

If a game’s been invented, then someone’s tried to invent a way to beat that game. While uncommon and difficult, cheating at the casino does happen. It’s less common than it was in the early days of Las Vegas and Atlantic City, before casinos became more heavily regulated with more sophisticated surveillance equipment and techniques.

Nevada State law defines cheating as “to alter the elements of chance, method of selection or criteria which determine the amount or frequency of payment in a game, the value of a wagering instrument, or the value of a wagering credit.”

The real question is who is cheating whom; is it the blackjack players who cheat the casinos or vice versa? Since it takes a cheater to spot a cheater, listed below are methods and terms people use when rigging the game in their favor

Ways Blackjack Dealers Can Cheat Players:

Stacking the deck: A good dealer will have developed the kind of hand dexterity that makes sleight-of-hand manipulation of the cards seem like child’s play. There are many different ways the dealer can affect the outcome of the hand by slipping in the “correct” card at the correct time. Two of the more common methods are dealing from the bottom of the deck or dealing the second card from the top (second dealing). These work when the dealer has had a chance to sneak a peek at the bottom or top card, depending on which method is in use.

The high-low pickup: Another method of stacking or setting the deck is to pick up cards in a round in alternates of high and low cards. A savvy (and sketchy) dealer will have developed a fake shuffle move that keeps the cards in the order the dealer picked them up. Then when the cards are dealt out to players they come in pairs of high and low cards, the type of hands that are more likely to bust.

Swapping hole cards: With quick hands, a dealer may replace a low hole card with a high one, and even if this type of cheating is rare in regulated casinos with decent surveillance, it is probably good strategy to assume the dealer has a ten as the hole card, as a matter of form, since there a

How Much Does Blackjack Dealer Make