Professional Blackjack Player salary

Pro Blackjack Player SalaryWhat is the salary of a professional blackjack player? It’s a common question I hear, but what would seem like a simple enough question actually has a fairly complex answer. First of all, the term “blackjack player salary” isn’t quite appropriate. Professional blackjack players don’t make a set amount of money every month like a salaried employee does. Playing blackjack for a living is more like owning your own business or working for 100% commission. Therefore different professional players make different amounts of money based on many varying factors. Some of the more obvious factors being the stakes the played at, the amount of time spent playing and the skill level of the player. There are also many less obvious factors involved in determining how much money a professional player will make. I’m not going to cover all of them here, but just a few of these additional variables include the quality of the blackjack games played, the card counting system used and the size of the player’s betting spread.

The “Salary” (Income) of a Pro Blackjack Player

Every blackjack player has a theoretical “expected value” of their play. When you bet $100 on a hand, you’re going to win or lose $100 (assuming you don’t push, double, split, surrender or get a blackjack). However, over time there’s an average value of that hand. In card counting, high positive counts create a positive expected value for a card counter and negative counts create a negative expected value. Knowing this, and knowing how to take advantage of this, is the foundation of how professional blackjack players are able to make money.

Blackjack Player EarningsSo exactly what is the total overall expected value for a professional blackjack player? Check out the examples below to get an idea. For simplicity I’m going to do some rounding off and I’ll assume only one hand is being played with all counts being played through (no backing out on negative counts).

Scenario #1
Bellagio (Las Vegas)
# of decks: 2
Rules: S17, DA2, DAS, no RSA
Stakes: 0 units
Betting Spread: 1-5 (0-0)
Penetration: 68%
Counting System: Hi-Opt II with Full Indices
Hands/Hour: 180
Expected Value = $390 per hour

Scenario #2
JA Nugget (Reno)
# of decks: 1
Rules: H17, DA2, no DAS, no RSA
Stakes: $50 units
Betting Spread: 1-4 ($50-$200)
Penetration: 7 Rounds (heads up)
Counting System: Wong Halves with Illustrious 18 Indices
Hands/Hour: 200
Expected Value = $285 per hour

Scenario #3
Foxwoods (Norwich, CT)
# of decks: 6
Rules: S17, DA2, DAS, LS, no RSA
Stakes: $50 units
Betting Spread: 1-10 ($50-$500)
Penetration: 80%
Counting System: Hi-Lo with Sweet 16 & Fab 4 Indices
Hands/Hour: 220 (heads up)
Expected Value = $275 per hour

Needless to say, changing any of the variables listed would alter the expected value of an hour played. Now let’s assume for simplicity that a professional blackjack player played each of these scenarios for 5 hours per week. That’s a respectable 15-hour work week (nice, right?). Here’s what the 15 hours per week would yield in theoretical expected value…

(5 hours X $390) + (5 hours X $285) + (5 hours X $275) = $4, 750 per week

$4, 750 X 4 weeks = $19, 000 per month

Yearly Theoretical Earnings from Playing Blackjack

Okay, so in this example you’re looking at $19, 000 per month, which would then be $228, 000 per year if you played for 12 months. These numbers are theoretical, meaning that your reality will not be exactly there. You might overshoot your theoretical (gotta love that) or you might fall short (not as fun). However, if you play enough hours it all pans out over time, or at least your results will be in the ball park of your theoretical earnings. Getting it all in cash is nice too.

You might also like

http://.FFLDealer.org - FFL Dealer
http://www.FFLDealer.org - FFL Dealer
Pasqua dealer - cannabissansfrontieres.org
Pasqua dealer - cannabissansfrontieres.org
All Those Years Now I'm A Dealer: Unisex Champion Raglan Baseball T-Shirt M Oxford Gray/Scarlet
Apparel ()
  • Custom made and printed on demand when ordered
  • 6.1 oz, 100% cotton
  • Contrast-color raglan sleeves
  • Locker patch on lower hip
  • Embroidered Champion logo on left sleeve
Rust-Oleum 2/PACK RUST-OLEUM SPECIALTY 7458402 ALLISCHAM ORG STOPRUST PAINT AUTH DEALER
Home Improvement (Rust-Oleum)
  • 1 Gallon
  • Color:     Allis Chalmers Orange
  • Original equipment gloss colors
  • Indoor/outdoor
  • Durable corrosion-resistant.
PetEdge Dealer Services* Zack & Zoey Polyester/Cotton Basic Dog Hoodie, X-Large, 24-Inch, Vibrant Orange
Pet Products (PetEdge Dealer Services*)
  • Hooded sweatshirts are comfortable, cozy fit
  • Made of 65 percent polyester and 35 percent cotton
  • Available in vibrant orange color
  • Comes in X-large size
  • Measures 24-inch length
Monster Cable CAT5E Color Cable
CE (Monster Cable)
  • Model No. Cp Cat5E-Org Ez1
  • Advanced Xln Xtra Low Noise Construction Minimizes Emi
  • Low-Friction Duraflex Jacket Resists Temperature Extremes, Abrasion & Chemicals
  • Features Sequentially Printed Numbers For Accurate Measurement During Installation
  • Fast Data Transfer Of 350 MHz Between Computers & Peripherals
  • 1, Ft
  • Orange
Bracketron Bracketron NanoTek Stand - Black
Wireless (Bracketron)
  • NanoTek mounting technology secures your mobile device without the need for adhesives, and holds a compatible mobile phone in horizontal or vertical orientation...
  • Aircraft-grade, aluminum-composite construction. An elegant matte finish adds a stylish look.
  • Low-profile, portable stand can be mounted on most hard surfaces for flexible placement options.
  • Integrated cable management slot lets you keep your device s power cord within easy reach for simple charging.
  • Compatible with most cellphones cell phones with hard shell cases, and tablets up to 7 , including Apple iPhone & iPad mini.

Copyright © . All Rights Reserved