Hosting Black Jack

[UCF THAYER]

Not sure if this is the right forum but...
My friend hosts a poker game, and said if i wanted to, i could deal black jack at a seperate table to his players, but he would want a cut, and is not interested in backing the game/absorbing the losses.
If im backing the game completely, but using his game, what do you guys think is a proper cut i should give him?

[tubalkain]

Don't even do it... this is illegal in just about every jurisdiction that allows home poker.

[SamIAm]

[ QUOTE ]
Don't even do it... this is illegal in just about every jurisdiction that allows home poker.

[/ QUOTE ]
Not only that, but it's:
a) not fun. Who wants to play blackjack? It's a game of luck if you can't count cards, and a game of luck and memorization if you can. Blech.
b) not very profitable. Check out those tails on the binomial distribution. They're pretty thick. With just the normal house edge on Blackjack, there's a VERY good chance a player can bust the bank. It doesn't take much luck. Swings are big, and you'd need the bankroll to cover it. Blech.

I say you offer a 2nd poker game instead.
-Sam

[flatline]

If he doesn't want to back the game or absorb losses then f him. However, I wouldn't worry about it if he is letting you deal it for free. You might lose, but its +EV, so go for it.

[tubalkain]

[ QUOTE ]
If he doesn't want to back the game or absorb losses then f him. However, I wouldn't worry about it if he is letting you deal it for free. You might lose, but its +EV, so go for it.

[/ QUOTE ]

The house edge on this is so low that giving him any cut would make it either -EV or so low +EV that it's not worth doing. Plus, if the players are anything resembling intelligent, say goodbye to your bankroll beforehand.

[TenPercenter]

[ QUOTE ]
[ QUOTE ]
Don't even do it... this is illegal in just about every jurisdiction that allows home poker.

[/ QUOTE ]
Not only that, but it's:
a) not fun. Who wants to play blackjack? It's a game of luck if you can't count cards, and a game of luck and memorization if you can. Blech.
b) not very profitable. Check out those tails on the binomial distribution. They're pretty thick. With just the normal house edge on Blackjack, there's a VERY good chance a player can bust the bank. It doesn't take much luck. Swings are big, and you'd need the bankroll to cover it. Blech.

I say you offer a 2nd poker game instead.
-Sam

[/ QUOTE ]

Sam, I disagree. 1) I LOVE dealing BJ. I don't know why, it's just fun. And I always seem to win (as the house), and the reason I win is not beacuase of the odds, its because... 2) ... the players play poorly.

We usually play at the end of the night, I'll just offer it up when my deal comes around and everyone says "ok." i pull out the shoe! Someone might get a little ahead, but once they lose a few they start getting crazy trying to get it back. I many times end up with all the money, or least all the money from a few players, and others do ok. No one ends up mad because they make all the decisions. And just like at a casino, they have plenty of advice for the EXACT correct way to play any hand.

Ten

p.s. Don't do it, it's illegal.

[Terry]

RE: What everybody else said.

I've been thinking of moving (back) to Florida. If I do, I'll deal BJ to all comers ... just let me know when and where.

Edited to add --

And I will deal a square game ... and I will bring the table, chips, cards, buy drinks, you name it. Just show me the players.

[TenPercenter]

I see no one actually answered your question. [img]/images/graemlins/crazy.gif[/img]

I don't know, ten percent? Sounds about right to me, since he has zero risk.

Ten

[bubbafry]

The tough thing is how to calculate his cut. Some days you're going to win and he's going to get a piece, but when you lose he doesn't, which will cause you problems. Let's say the first day you deal and you end up +$550, and then the second night you deal and you end up -$500, which gives you net +$50 which is good. However, you're actual take is:

$550 - (%10 of $550) - 500 = 550 - 55 - 500 = -$5.

So you actually lose 5 bucks, even though you should have made a profit. As the poker folks know, you're going to have swings, and the only way to get an accurate measure of your profit is over long periods of time (don't ask me how long because I have no idea) or if you know exactly how much was wagered through the night (then you can just multiply the total amount wagered by the house edge and get your theoretical profit and give him 10% of that). The house edge in blackjack varies from 0.1% to 0.5% or more (differs depending on the rules, number of decks, etc.) so you could easily end up or down in the short term. Anyway, good luck with your new career [img]/images/graemlins/laugh.gif[/img]

BTW, I agree with the post above, tell your buddy to f off and ask him if he's supposed to be your friend why the hell is he trying to skim off of you [img]/images/graemlins/mad.gif[/img]

[bubbafry]

And pray that no one at the game knows how to count cards effectively...