House edge is often misinterpreted when it comes to casino games, including blackjack. More often than not players assume that house edge in blackjack has all to do with their chances of winning or losing a round, when really it does not.
House edge in blackjack has nothing to do with your odds of winning or losing a round. Or even how you will fair in terms of winning or losing for a playing streak. It has to do with money. And when it comes down to gambling when is it ever about anything other than money.
The house edge of a game is about the amount of a wager you can expect the house to keep. The house edge in some casino games is fixed. However it is not fixed in blackjack. Players can use strategy in blackjack to lower the house edge.
Now stop and think about that for a moment. Let’s go with the average house edge for blackjack: 5%. That means that you can expect the house to keep 5% of your wager. But using strategy can impact the house edge. Going along with our example so far, you can use basic strategy and over time lower the house edge to 0.5%. That means the house will only be keeping half a percent of your wager as opposed to 5% of your wager.
House edge is about money. Strategy in blackjack such as basic strategy is designed to increase how much you win and decrease the amount you lose. Through minimizing losses and increasing how much you win the house edge is impacted and ideally lowered. But remember that house edge is about money, not odds of winning or losing a hand.