Economics of $1 Blackjack

Idle curiosity made me do some calculations about $1 BJ, which is all the rage in AC now. Assuming 5 players per table, a $0.25 ante per hand, an average bet of $1.50, 50 rounds per hour, 2% HE, I get a total revenue number of $70.00 hourly for the house, of which only $7.50 is betting wins, with the $62.50 balance being from the ante. Overall HE is nearly 19% :flame:

Using the same figures for a $10 min table, but assuming an average bet of $12, I get hourly revenue of only $60.00. No wonder that, in stores that tend toward a lower min anyway, the $1 game is so popular with management. :cry: (At a $15 table with a $17 average bet, revenue is $85 hourly, so the more upscale stores should have no interest in $1 BJ.)

Meanwhile, the poor ploppies are actually paying slightly more per hour to play $1 BJ than they would - as a group - at the $10 table (but their individual variance is lower).

Do they collect the ante on every hand or just the losing ones? In any event, it won't slow the game anything like the RM or LL games.

Do they collect the ante on every hand or just the losing ones? In any event, it won't slow the game anything like the RM or LL games.

It is quite annoying to be at a table playing with a bunch of ploppies who place strange combinations of 1 dollar and 50 cent chips on the royal match on every hand. Really slows down the game. Happened a few times to me today.

SP

As a novice counter, the time it takes them to resolve and collect LL bets has given me the extra few seconds to make sure I have the count right. If I were as experienced as most of you here it wouldn't be needed and I'd want more hands per hour.

Idle curiosity made me do some calculations about $1 BJ, which is all the rage in AC now. Assuming 5 players per table, a $0.25 ante per hand, an average bet of $1.50, 50 rounds per hour, 2% HE, I get a total revenue number of $70.00 hourly for the house, of which only $7.50 is betting wins, with the $62.50 balance being from the ante. Overall HE is nearly 19% :flame:

Using the same figures for a $10 min table, but assuming an average bet of $12, I get hourly revenue of only $60.00. No wonder that, in stores that tend toward a lower min anyway, the $1 game is so popular with management. :cry: (At a $15 table with a $17 average bet, revenue is $85 hourly, so the more upscale stores should have no interest in $1 BJ.)

Meanwhile, the poor ploppies are actually paying slightly more per hour to play $1 BJ than they would - as a group - at the $10 table (but their individual variance is lower).

Casinos don't make enough at $1 blackjack even to pay the dealer not to mention drink comps. It's a loss leader and the casino hopes those players will graduate to world class suckers.

How can you say that in the face of the math? Five players at 50 hands an hour brings in $62.50 an hour in antes alone.

50 hands an hour, yeah right.

A table filled with morons, constant check changes to change reds for whites, whites for QUARTERS, dealers needing to remind people to put up the quarter, dealers forgetting to collect the antes, people probably asking all kinds of dumb questions.

Though, the lowered variance is beneficial for the house. Hardly anybody will walk away a winner from this game. People tapping out quick is not beneficial for the house.

Dumb players somehow turn dealers dumb? Now I've heard everything.

What???? huh......Pit15 is exactly correct.........i watched that exact scenerio 3 weeks ago.....Who was at this table..... a group of young black gentlemen...having a great time in their own way.......
Security was close by.......
Shad ??? I dont see where he was talking about dumb dealers......did i miss that??

Machinist

.....dealers forgetting to collect antes....

Do they collect the ante on every hand or just the losing ones? In any event, it won't slow the game anything like the RM or LL games.

Did not read thru the whole thread.
But "Royal Match" and "Bet The Set" are surely hated by dealers. It really screws them out of potential tokes.
And then there are the plops who put out a $20.00 bet w/ a $20.00 royal match........ oh lord.
As far as ante BJ, oh well... never mind.