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Eventually, he was earning $5,000 per year – then the equivalent to an average annual salary. In 1963, Al Francesco moved to California. That same year, Edward O. Thorp’s book, ‘’Beat the Dealer” was published. The book demonstrated with mathematical proof that card counting could overcome the casinos’ advantage in blackjack, and ...
However, a dealer's primary source of income is not salary, but tips from players. Tip income may be substantial for dealers who can deal hands quickly and efficiently. There are a few exceptions for taking tips. (e.g., in Sweden, where all the casinos are owned by the state, dealers and other casino personnel may not accept tips from players.
Historically, blackjack played with a perfect basic strategy offered a house edge of less than 0.5%. As more casinos have switched games to dealer hits soft-17 and blackjack pays 6:5, the average house edge in Nevada has increased to 1%.
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Often a casino will advertise a low minimum game as a teaser, a sign might read $2 blackjack 24 hours a day. However, the $2 minimum game might be available at only one table and the payout might be 6:5 for a blackjack. Historically the attitude has changed about table limits. In the early 1990s in downtown Vegas, quarter minimum bets were common.
He negotiated several changes to standard casino blackjack to gain a mathematical edge. [5] These changes included dealers being forced to stay on soft 17, a 20% rebate where casino would refund 20% of his losses (20 cents to every dollar) for losses exceeding $500,000, six decks, re-split aces, and others.
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