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Interesting! Even betting odds payout is regulated!

Found this off Denver Post:

The house usually wins. Now it wants to shell out less when it loses. Colorado’s mountain casinos are asking regulators to lower the minimum payout on blackjacks, which would tilt the popular card game’s advantage heavily in their favor.

Under current rules, operators are required to pay 3 to 2 on blackjacks, meaning a $10 bet would return $15.

The industry wants to lower the minimum payout to 6 to 5, which would require casinos to pay $12 on a $10 bet when a player hits a blackjack.

The proposal comes as casinos in Black Hawk, Cripple Creek and Central City are pocketing less-than-expected returns from looser regulations that took effect last July.

Gamblers are crying foul.

“It just feels like the casinos already have all of the cards in their hand and they’re just stacking the deck more in their favor,” said Jon Hirota of Longmont.

Hirota said he plays blackjack — a game that offers among the best odds in the house for gamblers — about once a month in Black Hawk, but he won’t play at a 6-to-5 table.

The 6-to-5 payoff was initially introduced in the late 1990s in Nevada for single-deck blackjack games. Other things being equal, single-deck blackjack gives gamblers slightly better odds than the more common multi-deck games — which typically feature six or eight decks of cards.

But casinos started using the lower payout on multi-deck games in recent years, and about 20 percent of all blackjack tables on the Las Vegas Strip now pay 6 to 5 on blackjacks, said Nevada-based consultant Bill Zender.

In general, Zender said, the house advantage on a multi-deck game paying 3 to 2 on a blackjack is roughly 1.5 percent — meaning the house can expect to win $1.50 for every $100 wagered. Taking the game to a 6-to-5 payoff tilts the odds in the house’s favor to 2.9 percent.

“They win $1.40 more for every hundred dollars wagered,” Zender said. “It’s just a huge jump.”


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