How Do Casinos Make Money From Blackjack
How Do Casinos Make Money On Blackjack In the list above you can find welcome- and deposit bonuses from many of the most popular online casinos out there. Almost all gambling companies offer new customer a first casino deposit bonus. These bonuses are handed out to new customers making a first deposit in the casino section. Blackjack sees you try to win money directly from the house. Casinos do everything in their power to hinder successful card counters. This includes using continuously shuffling machines, multi-deck shoes, and vigilant security measures. Anybody who’s caught counting cards is often kicked out of the casino and banned.
- How Do Casinos Make Money From Blackjack Winnings
- How Do Casinos Make Money From Blackjack Real Money
- How Do Casinos Make Money From Blackjack Vegas World
It’s a question that’s long-plagued blackjack players: How can casinos pay 6-to-5 for blackjack?
For many years in Las Vegas casinos, blackjacks paid 3-to-2. It was the standard. That means if you made a $10 bet, a blackjack would pay $15. In a 6-to-5 game, however, that same $10 bet will get you $12 for a blackjack.
Doesn’t sound like too much at first glance, right? This simple change in rules gives the house an additional edge of 1.39%. Over time, that seemingly small difference can cost players a lot.
Casinos already have an edge. Paying 6-to-5 for blackjacks gives them even more.
In recent years, insidious 6-to-5 blackjack games have started popping up all over The Strip. In some casinos, it’s hard to find a 3-to-2 game at all.
Recently, we tried our hand at blackjack at a downtown casino, and were dismayed to learn, mid-game, that here, too, blackjacks paid 6-to-5. Not downtown! The infection is spreading!
As we do not tend to keep our displeasure to ourself in situations like this, we mentioned our disappointment to a pit boss (a casino floor manager), asking, “How can you pay 6-to-5 for blackjacks?”
We got the most brutally honest answer, ever. The pit boss said, simply, “Because people still play.”
As we were picking our jaw up off the new casino carpet, we realized he was absolutely right. Poor game rules aren’t something casinos do to players. We do it to ourselves.
We vote with our business. If we refuse to play 6-to-5 blackjack, casinos won’t offer it. (Well, it won’t offer it as often, because there will always be people who don’t particularly care. They want to play where they want to play, and they clearly have money they don’t need.)
If we stay at hotels with resort fees, hotels will continue to charge resort fees.
If we attend shows where performers lip-sync, performers will continue to lip-sync.
It’s important to remember, though, we decide. So, what kind of Vegas experience will you have?
Do you love the casino scene?
Does being a casino dealer seem like the perfect blend of glamour, excitement, and fun?
At first glance, being a dealer at a casino might seem like the perfect job. After all, you probably already enjoy the games you’ll be playing. And you will be getting paid to play them.
You don’t even have to risk losing any money while you play. The casino is banking all the action.
As a casino dealer, the amount you win for the house has no bearing on your pay, though. You get an hourly wage plus tips.
Compared to some jobs, being a casino dealer might be a great deal. As casino gambling continues to grow across the nation, more jobs become available, and fewer potential employees are out there to fill those jobs. This means wages are climbing, too.
This post examines how much you can expect to make as a casino dealer, tips and all.
What Is the Average Wage for a Casino Dealer?
Your average wage as a casino dealer isn’t impressive at all. It’s a service industry, so when you calculate how much you’ll make, you need to take the same kind of mindset that waitresses and bartenders take:
How much money you make is based more on tips than on your hourly wage.
And the better you serve your customers, the more they’ll tip.
In other words, if you’re not a people person, becoming a casino dealer might not be a great idea.
The hourly wages for casino dealers don’t vary based on the game, either. Blackjack dealers make the same kind of money as baccarat dealers, who make the same kind of money as poker dealers or roulette dealers (or croupiers, as they’re called).
The starting pay for an average casino dealer is between $8 and $10 per hour. Some of that is based on experience, too.
If you’re able to get 40 hours a week, which is unusual, you’re looking at $16,000 to $20,000 per year. Most casino dealers, especially starting out, don’t get 40 hours a week, though.
That’s barely enough to pay the rent if you have a roommate and live in a cheap apartment.
Depending on the casino and the stakes of the games you’re dealing, you can expect to make anywhere from $15 per hour in tips to $50 per hour in tips, on average.
That $50 per hour figure, by the way, is an outlier statistic. This assumes you’re working at a high-end casino dealing the higher-limit casino games to the high rollers.
Even then, some high rollers don’t tip — or if they tip, they don’t tip well at all.
Poker dealers make the most money from tips on the most consistent basis, but a lot of this depends on people skills. In some casinos, the dealers are required to pool their tips.
I once played at a casino in Las Vegas with an older poker dealer named Boris. He got mad at me for saying the words “Carpe diem” at the table. He said that I was only allowed to speak English at the table.
Being a friendly guy, I smiled and explained to everyone at the table that the phrase is Latin for “seize the day.”
Boris didn’t think that was helpful, either. He was surly and rude.
As a result, I didn’t tip him.
I shared the story with a professional poker player friend of mine, and he told me that he would have raised hell with the cardroom manager until Boris had been fired.
And the thing is… I don’t mind a little correction. In fact, I’m a humble guy. Had he been reasonably friendly and polite about it, I would have continued to tip him. So it goes.
Also, just because you’re dealing a higher-stakes poker game doesn’t mean you’ll make more in tips. Some of the high-rolling poker players are notorious cheapskates. If you’re dealing high-roller blackjack, craps, or roulette, you’ll do a lot better than if you’re dealing high-limit hold’em.
According to Glassdoor, the average wages for dealers and related jobs are all over the place. They suggest that the average dealer makes $40,000 a year. They also suggest that an average poker dealer only makes $20,000 a year.
Other related jobs include the floor supervisor, with an average salary of $53,000 a year, a casino host, with an average salary of $35,000 a year, and a casino shift manager, with an average salary of $27,000 a year.
The site also lists salaries by company, and it looks like Caesars is the best place to be a dealer, with a salary of $42,000.
Indeed.com has more survey results and suggests an average of $15/hour, which equates to $30,000 a year. They had a listing for a dealer position in Black Hawk, Colorado, where the starting pay was $38/hour. That’s $76,000 a year.
ZipRecruiter suggests that top dealers make $400,000 a year, but I can’t imagine that’s accurate. The rest of their averages are in line with what I saw on the other sites mentioned.
The Perks and Drawbacks of Being a Casino Dealer as a Career
If you know anything about the service business, you probably know that dealing with the customers can be the biggest perk and the biggest drawback to your job. This is especially true in the casino business, though, because emotions tend to be amped up when money is on the line.
You’ll probably spend a lot of time on your feet if you’re dealing table games in the casino. If you’re dealing poker in the cardroom, you’ll probably need to bring a pillow for some extra cushioning at your chair.
One of the other drawbacks of being a casino dealer is that it turns what used to be a leisure activity into a work activity. Playing blackjack is great when you get to do it a couple of times a year for a few hours at a time.
But after dealing blackjack for 30 hours a week for six weeks straight, it becomes drudgery.
In most casinos, smoking is still allowed. That might or might not bother you. I’ve spent enough time in bars and AA meetings that cigarette smoke doesn’t bother me at all, but I’m not like most people.
One of the perks of dealing casino games is that it doesn’t require a degree. You can go to a vocational school to become a dealer, though, but the time and financial commitments are smaller than with other careers. You can usually be qualified to be a casino dealer after a couple of months and an investment of $1,000.
If you’re a night owl, or if you’re looking for a second job — we used to call it “moonlighting” — casino dealing might be perfect for you. After all, most casinos are open 24/7. And guess which shifts are the hardest ones for the managers to cover.
Most casinos are owned by large companies with human resources departments. This means that you’ll probably be eligible for a benefits package. These can include health insurance and retirement benefits, as well as paid time off.
Breaks are longer for casino dealers than you’ll see at other jobs. At most casinos, you work for 90 minutes and then take a 30-minute break. During an eight-hour shift, you get a total of two hours of break time.
If you like having stories to tell, being a casino dealer puts you in a position to have lots of anecdotes. Heck, I have quite a reputation as a raconteur just from the stories I have to tell by being a player. And believe me, I haven’t spent THAT much time gambling in casinos — not compared to someone who deals for a living, anyway.
What Are Your Job Responsibilities as a Casino Dealer?
Think of the dealer as the host for a specific game. The dealer shuffles and deals the cards, or spins the roulette wheel, or directs the action at the craps table. The dealer also trades chips for money.
If you’re a poker dealer, you’re responsible for collecting the rake. It’s your job to make sure the players post their blinds.
If you’re dealing a casino game, you collect the players’ losses and pay out their winnings in chips.
It’s traditional to start your career dealing blackjack because that’s the most popular table game.
But in Europe, it’s more likely that you’ll start as a croupier — that’s the fancy name for the dealer running the roulette game.
The dice table is the toughest table game to be a dealer. Even after writing about craps for years, I still have to look things up. The action is fast, there are lots of bets on the table, and there’s just a lot to keep up with. Craps is the last game most dealers learn.
You’re responsible for maintaining your own gambling license, too. It’s similar to having a driver’s license if you’re going to drive for a company or a food handler’s permit if you’re going to cook for people.
If you have lousy credit and/or a criminal record, you might run into trouble getting your license.
By the way, I have a lady friend who dealt blackjack for years. She’s clueless when it comes to basic strategy. You’re not required to learn the correct strategies for the games you deal.
How Do Casinos Make Money From Blackjack Winnings
My advice to prospective dealers is to avoid giving advice to players. That’s a no-win situation because the players are going to lose their money in the long run because of the nature of the games. If they followed your advice, they’ll just blame you for this.
Who needs that kind of headache?
Conclusion
If you like people, enjoy casino games, and don’t mind cigarette smoke, becoming a casino dealer might be the career for you. You don’t get to keep the money the players lose, but they’ll often tip you when they’re winning, so you’ll get to root for them.
How Do Casinos Make Money From Blackjack Real Money
You’ll make at least $15,000 a year dealing casino games, but you might make as much as $100,000 a year. I’ve seen reports of dealers who made more, but I’m skeptical, and you should be, too.