Okay, so I went a little nuts yesterday over Panamanian Blackjack. But really it is the best variation of blackjack that I have seen to date. A software developer needs to pick up that game and make it into an online format so that we can all have Panamanian Online Blackjack. But there is one thing that I did not talk about in yesterday’s post was about payouts.
Payouts are a big reason why I do not like the majority of online blackjack variations. That and side bets, but that is a whole other discussion.
The traditional payout of a natural or two card blackjack is 3-2. Meaning you are being paid $3 for every $2 that you wager. And standard online blackjack games do offer a 3-2 payout. But those online blackjack variations! Most of them are offering an even money or 1-1 payout.
The problem with even money payout on a blackjack is that you are not getting nearly the amount of money that you should be getting for you blackjack. Not to mention what it does to your edge. Even money payouts knock 2.27% off of your edge and gives it back to the house.
House edge is about how much you can expect to lose on a wager. So if you are playing in an even money paying online blackjack variation, you can expect to lose an extra 2.27%. So if you were wagering $10, that’s another $2.27 you can expect to lose just from playing in an even money paying online blackjack variation. That is on top of the standard 4-5% house edge per strategy.
And that is a big reason why I do not like online blackjack variations. So seeing a variation, even if it is not online yet, that does not stiff players with an even money payout made me excited.