In casino blackjack then basic strategy is the strategy that actually underpins everything. At a core basic level then it is the blackjack equivalent of playing ABC at poker. The house edge in basic strategy is there all the time and this is something that you are going to have to accept. Even at the biggest casino sites then the house edge is still evident. That is fine though because at the end of the day then the casino has to make some money for hosting the game and nobody has any problem with that.
On the whole and in general then online blackjack games usually have a house edge of around 0.5%. So in essence over the long term then you are actually losing 0.5% on all of your turnover and action. So if you say wagered an average $20 per hand and the dealer dealt 60 hands per hour then you would be placing $1200 per hour in total action. So losing 0.5% of that would equate to losing $6 per hour. This isn’t bad in terms of the actual price of entertainment and many forms of entertainment charge more than $6 per hour to do them.
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In fact if your stakes were less then the $6 would be even less than that. If you bet table minimums at $2 for example then you are only placing $120 per hour in action and so your hourly loss becomes $0.60…….how’s that for value? In fact I know of several punters that have actually played the table minimums just to take advantage of free food and free heat and light and saved on their home fuel bills.
This may seem like a sad thing to do but with the increasing cost of fuel bills then suddenly you can actually be saving an awful lot of money just by going to your local casino. If you take advantage of free food and drinks then you could slash your weekly food bill massively. What makes all of this possible of course is the use of basic strategy which makes blackjack by far the cheapest of all of the casino games in which to play.
I played blackjack as a card counter for four years between 1998 and 2002 and in that time basic strategy underpinned everything that I did. You can take basic strategy a step further as well because the best players with the complicated card counting systems actually have strategy indices that call for deviations to basic strategy.
Although some years ago the noted blackjack player Donald Schlesinger proved that you didn’t need to know more than eighteen in total and these eighteen strategy changes formed the overwhelming percentage of your total gain by moving away from a generic basic strategy. Many types of casino game have a basic strategy and poker is no different. There is even a basic strategy to areas like day trading and once you know the mechanics of trading then you are to all intents and purposes……a trader.