Time to test your blackjack knowledge:
What are the blackjack odds of winning if you ignore the ties?
The answer is 48%.
Pushes, also known as ties, will happen around 9% of the time. But excluding those pushes, your odds of winning are 48% of the time with you and 52% of the time against you. And this is if you are playing according to basic strategy.
You might be wondering how you could possibly make money on this game if you are odds on to lose more often than you would win.
Remember that the 48% of the time you are expected to win is all wins, including the wins you have with natural blackjacks. When you win with a natural blackjack you receive a 3-2 payout instead of a 1-1 payout like you would with a standard win.
So say you are wagering $10 and you win the round, you would receive $10. But if you were to win with a natural blackjack you would win $15. The times that you win with a natural blackjack puts a little more in your bankroll.
Another occasion in which you make more money than the standard 1-1 is when you double down. The payout for a successful double down is 2-1. Again, say you were wagering $10 per hand of blackjack, doubled down and won, you would receive $20 instead of $10.
While there is nothing extra blackjack strategy-wise that you can do to increase your odds of winning with a natural blackjack, when you double down is in your hands.
Doubling down is a good play to make money in blackjack. But it is also a fast way to lose money. The key to making the most of this blackjack play is to know when the most advantageous time to double down are, and that knowing comes from a basic strategy chart. A basic strategy chart gives the best times to double down when your cards and the dealer’s up card provide you with a good shot of winning the round.
So it is possible to make money with your blackjack odds only giving you a 48% chance of winning. The key is in making the most of the hands you are dealt, using your blackjack strategy.