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And only resort fees and paid Strip parking have attracted the level of fury that blackjack has. So I study gaming. Those games, it must be said, have for the most part resisted the belt-tightening of blackjack. This was the casino equivalent of splitting the atom: an awesome, unpredictable power unleashed. The player then decides whether to hit get another card , stand, split if dealt two identical cards, for example a pair of eights , or double down double the wager and receive one, and only one, new card. There were no new layouts, no attempts to make the game more social, no outreach to customers. For about two hundred years, blackjack was the casino equivalent of a benchwarmer. Walking a casino floor and seeing tables packed with smiling players, they might be right. Edit Story. That's how I got interested in studying…. David G. Truth is, the game was rigged from the start. Anyone who sells anything to other people, be it hospitality, food, or even words, should pay attention. The first step was changing the rules on how the dealer acted when dealt a soft 17 an ace, which can count as an 11 or one, and a six. But baccarat and sports betting in Nevada have made real gains over the past two decades. The game even had a revival after 21 , a film based on the real-life exploits of the MIT counting team , introduced counting to a new generation. All other bets pay even money; if the player busts before the dealer, he loses, and if the player and dealer tie, it is a push neither side wins. It went over as well with serious blackjack players as spore drive did with Star Trek purists , and rightly so: blackjack bumps the house edge on a perfectly-played basic strategy game to nearly two percent. Blackjack, by contrast, is a game that pits each player individually against the dealer and often each other. Read Less. Ed Thorp published Beat the Dealer , a best-selling paperback that explained to the general public how, by counting cards keeping track of how many high-value cards remained in play , players could actually have a statistical advantage over the house. We will never share your email address with third parties without your permission. That's how I got interested in studying casinos, gambling, games, and tourism. And yet blackjack grew, in spite of the casinos, because the customers had figured out a way to, at least sometimes, win. Since , the number of blackjack tables in the state of Nevada has fallen by over 31 percent. Basic strategy, perfectly executed, cut the house edge to almost zero, which turned a few heads. Blackjack has many, many variations. All Rights Reserved.{/INSERTKEYS}{/PARAGRAPH} So how did isolated, intellectual blackjack push aside brawny, crowd-pleasing craps? If anything, antsy casino managers often made the game less welcoming. {PARAGRAPH}{INSERTKEYS}If this is your first time registering, please check your inbox for more information about the benefits of your Forbes account and what you can do next! It might be said that the expansion of casino gambling to other states is more to blame than anything inherent in blackjack itself, and that might be somewhat right. Rule changes, like the dealer hitting soft 17, have increased the casino's edge in blackjack Photo The biggest offender, though, was blackjack. The player gets two cards, and the dealer gets two, only one of which is visible to the table. This is a BETA experience. Jul 16, , am EDT. Forbes takes privacy seriously and is committed to transparency. Known as basic strategy , this approach dictates to the player how to proceed with any hand. Factoring in inflation , though, the amount Nevada casinos have won at blackjack has fallen by 46 percent. The game of blackjack dates to the middle of the 18 th century. The lesson of blackjack goes beyond the gaming tables. I'd like to receive the Forbes Daily Dozen newsletter to get the top 12 headlines every morning. Traditionally, the dealer stood on soft Modifying the rules to mandate the dealer take another card on soft 17 added about 0. For decades, blackjack remained the king of the tables. And that's not the worst thing. Please help us continue to provide you with free, quality journalism by turning off your ad blocker on our site. Thank you for signing in. Into the s, the most popular casino game in Las Vegas was craps, a rollicking, social game that was seen at its most colorful in Guys and Dolls. Like many other gambling pastimes poker, for one , it originated in France, although Americans gave the game its present form. For years it was obscure, then it was popular, and now it has faded. Army mathematicians—who have gone down in the annals of blackjack as the Baldwin group —published an article in the Journal of the American Statistical Association that described for the first time a mathematically correct set of rules for the game. Smart, disciplined players could be guaranteed—at least statistically—to beat the casino. But nothing lasts forever, and on the Las Vegas Strip, at least, blackjack has of late played second fiddle to baccarat , which is preferred by Asian ultra-high rollers. In , a quartet of U. It would be great for our business if they always chose the highest margin items, letting us make an easy living. Most Popular In: Vices. You may opt out at any time. My Ph. But the numbers tell a different story. I agree to receive occasional updates and announcements about Forbes products and services. I grew up in Atlantic City, New Jersey, and worked in casinos there, catching bad guys and selling nuts not simultaneously.