There are different ways to make money playing online blackjack. Click here to learn the difference between short-term and long-term wins.
- 1 Looking To Make Money Playing Online Blackjack? Keep This In Mind
- 2 Earning Money Through Online Blackjack
- 3 Why Players Make Money Playing Online Blackjack
- 4 What About Annual Earnings of Blackjack Players?
- 5 How To Play Blackjack Profitably
- 6 Final Thoughts
Looking To Make Money Playing Online Blackjack? Keep This In Mind
If you want to earn cash through gambling, you definitely want to make money playing online blackjack, undoubtedly one of the most popular and exciting casino titles. You can also play live dealer blackjack online if you love online gambling. However, many people are skeptical about whether online blackjack can be profitable. Let’s take a closer look at the subject.
Earning Money Through Online Blackjack
You can play online blackjack for real money, and with a bit of practice, you could even make a living playing blackjack. This game has some unique rules that players can use to their advantage, unlike most other casino games.
However, blackjack players need to use basic and advanced strategies to win at the casino. You can start by memorizing the basics of blackjack strategy and applying them to reduce the house edge. Then, you can move on to card counting and other techniques.
Why Players Make Money Playing Online Blackjack
Like all casino games, blackjack is one with a mathematical advantage over players. However, blackjack players make more money than any other casino game despite being at a clear disadvantage. This anomaly is due to the low house edge of blackjack, which is only around 5%. It is one of the lowest casino house edges, and if the player follows a straightforward strategy, the house edge can go down even further to 2%.
But, what is the significance of the 5% house advantage for players? This number means that the casino can expect to win $5 for every $100 wagered. However, a player could win in the short term thanks to “variance,” a term that describes the random nature of this game. This term is what allows players to make money playing online blackjack.
Blackjack is different than other casino games. It has varying conditions depending on the hands you have played before. For example, each spin in roulette is independent of the previous one, so what happened in the last round does not affect the next. But blackjack is different. Once the dealer removes cards from a shoe, they cannot go back in. This technically makes the game more predictable, increasingly more so the longer you play it.
Furthermore, a natural blackjack, or 21-card total, pays 3:2, which reduces the house edge to 0.5%. The player may eventually be able to have a mathematical advantage over the casino if their deck contains a large number of 10-value cards or aces.
What About Annual Earnings of Blackjack Players?
Swings can cause a blackjack player to have uneven annual earnings from this game. So, one cannot consider this money a “salary.” Regardless, it’s possible to estimate the average value of one’s plays over a year. A $100 bet on a hand will result in a win or loss of $100. However, there is an average hand value, making it possible to make money playing online blackjack.
This expected value in card counting is either positive if there are a lot of positive counts or negative if there are more negative counts. Professional blackjack players know how to make money by keeping track of this count and the amount they should bet.
Let’s observe an example to show you how to calculate the expected total value for professional blackjack players. Let’s say that the betting spread for professional blackjack players is 1-5 and that $100-500 is the range, with 68% deck penetration. If the player plays 180 hands per hour and uses the Hi-Opt II counting method with full indices to calculate his expected value, then his hourly average (in terms of expected value) would be $390.
How To Play Blackjack Profitably
Blackjack players have several ways to make more money playing online or in casinos. Below are some of the tips:
- Learn basic blackjack strategy to navigate the game
- Avoid unnecessary bets and systems
- Set win and loss limits to make money playing online blackjack consistently
Learn Basic Blackjack Strategy
Learning and memorizing the basic blackjack strategy is the best way to make money with online blackjack. This strategy lists all actions that the player should take depending on their hand and the dealer.
The strategy chart will allow the player to decide when to hit, stand, surrender, or double down. While casinos will allow you to consult the strategy chart while at the blackjack table, you should learn the basics to make faster and more effective decisions. The best way to reduce the casino’s house edge from 2% to 0.5% is to use this strategy.
Avoid Unnecessary Bets & Systems
Blackjack players sometimes fall prey to the temptation of quickly earning more and end up using unnecessary systems and placing bets they don’t need to place. This tendency is evident in the insurance bet.
Although the payout for an insurance bet may seem profitable, it increases the house edge to almost 6%. Insurance bets are like new bets with a different betting amount. Even if you get a Blackjack, you only get your original bet. If the dealer has a Blackjack, it is a push and a no-win no-lose situation.
Players should also avoid Martingale betting, which involves doubling the loss and reducing winning bets by half. Although this system may increase the chances of breaking even, it also increases the likelihood of losing quickly—and severely.
Set Win and Loss Limits
Here’s a crucial tip: professional players who make money playing online blackjack set a limit on the number of wins and losses they expect to make. That way, they don’t exhaust their bankroll. This advice is critical for making money in blackjack. Once they have won a certain amount, players should move on with luck on their side. Otherwise, they could lose their winnings if they spend too much time at the blackjack table.
It is also wise not to wait too long if you have a losing streak. It is equally important to learn how to manage your bankroll before playing altogether.
Only brick-and-mortar casinos allow players to count cards. Online venues use live dealers and random number generator software to replicate the odds you would see in a real casino with real decks. The problem is that, after each hand, they shuffle the cards back into their deck, thus removing any chance of gaining an edge.
Casino bonuses are another advantage players can use to boost their bankrolls when playing blackjack. Welcome offers for blackjack players are common, especially at reputable venues such as N1 Casino (feel free to check out N1 casino reviews online). However, always go through the terms and conditions before claiming a bonus.
Additionally, many casinos simply remove blackjack from the games that you can play to fulfill your wagering requirements. Others count only 10% of your blackjack wagers towards your wagering requirements. Regardless, it is possible to make money playing online blackjack, although only in the short term. Good luck!