Notes

Should You Play $2 Blackjack?Did Casino Stakes Really Increase When Considering Inflation?
Blackjack stakes in land-based casinos have definitely increased. Many brick-and mortar-casinos now require between a $10 and $25 minimum bet.

That said, you might think that $2 blackjack is unheard of in land-based gaming. However, it can exist in small quantities. The only real problem, though, is that there?s a big catch to playing it.

The following post covers where you can find $2 tables. It also discusses the drawbacks to this game alongside its upsides too.

Where Does $2 Blackjack Exist?
Las Vegas is currently the only place to find $2 tables. Needless to say, Vegas has more than 100 casinos. You don?t desire to wander the streets in search of $2 tables.

According to a recent blackjack survey, Poker Palace may be the lone Vegas casino that currently offers a $2 game. Located in North NEVADA, it?s a non-glamorous joint that relies solely on gambling to draw players. You?re not likely to find the biggest swimming pool or hottest nightclub here.

Casinos in other gambling destinations may feature $2 blackjack on a short-term, promotional basis. However, I?m unacquainted with any casinos outside of Vegas that consistently provide these low stakes.

Travel Time & Costs Are Involved
Again, you?ll need to visit Las Vegas to take pleasure from $2 stakes in a land-based casino. Additionally, you will have to cover the price of the trip if you don?t live in/near Sin City.

This aspect is not any problem should you have another Vegas trip planned. However, you?re highly unlikely to go to Vegas just for $2 minimum bets alone.

Low-stakes blackjack is great for low rollers. It?s certainly not worth a vacation, though, that costs $2,000 or more. You?ll likely save additional money by playing $25 in a local blackjack market.

Low Maximum Bet
Even when you?re a higher roller, you may love the thought of playing $2 blackjack at a brick-and-mortar casino. It is possible to benefit from a minimal house edge (covered later) and vary stakes dependant on if you?re hot or cold.

Blackjack

You should also take note, though, that there?s little opportunity for true high-roller play. Poker Palace only lets you bet around $50 per hand. While $50 may seem like a lot to numerous players, it?s not an extreme amount to high rollers.

Many high-stakes players like wagering $100 or even more per hand. The $2 tables at Poker Palace, however, prevent you from getting this sort of action.

Why Is the Max Bet So Low?
Blackjack games aren?t free to run. Casinos have to at least pay a dealer?s minimum wage to run the game.

Minimum wage might not sound like this type of huge cost to help keep a blackjack table running. In the end, dealers make the majority of their salary through tips.

However, real cash blackjack also features one of the lowest house advantages in the casino. Poker Palace?s $2 game only posesses 0.41% house edge.

When combining the reduced house edge with $2 stakes, Poker Palace doesn?t make any profits. Instead, it likely loses money with these tables.

Here?s the math on what much they might lose per hour, despite having a full table:

7 players are in the table betting $2 per hand.
70 hands are dealt each hour.
7 x 2 x 70 = $980 wagered each hour
The home edge is 0.41%.
980 x 0.0041 = $4.02 in hourly profits
Poker Palace pays a dealer $9.75 each hour (Nevada?s minimum wage).
9.75 ? 4.02 = $5.73 in hourly losses
Of course, some of these players may wager a lot more than $2 per hour. They aren?t all going to use perfect strategy, thus boosting the casino?s profits.

On the other hand, though, the table won?t always be full. Casinos must also factor in their a great many other costs (e.g. utilities, property taxes) that are necessary to run all games.

Excellent Rules
You can see that this cheap game isn?t absolutely perfect. $2 stakes are just available in LAS VEGAS, and they also come with a low max bet.

That said, you may consider forgetting these games altogether. However, $2 blackjack does have a major upside.

Surprisingly, Poker Palace?s $2 tables offer some of the best rules in Vegas. Here?s what you can expect on these tables:

3:2 natural blackjack payouts
Double down after splitting (DAS)
No re-splitting aces
No surrender
The 3:2 payout on natural blackjacks is the key rule here. It lowers the house edge by 1.39% in comparison with a 6:5 payout.

Many games with $5 and $10 stakes don?t even offer 3:2 payoffs. Instead, they feature the dreaded 6:5 natural payouts.

Being able to double down after splitting also helps out. It lowers the house advantage by 0.17% in comparison with no DAS.

Few Theoretical Losses
You stand to reduce almost nothing with $2 blackjack when compared to higher stakes. Below, you can observe the math on theoretical losses with a $2 game versus $5, $10, and $25 tables.

For simplicity?s sake, all of the games feature exactly the same house edge and hands per hour:

$2 Blackjack
Without a doubt $2 per hand.
80 hands are dealt per hour.
2 x 80 = $160 wagered each hour
The house edge is 0.41%.
160 x 0.0041 = $0.66 in theoretical losses per hour.
$5 Blackjack
You bet $5 per hand.
80 hands are dealt per hour.
5 x 80 = $400 wagered each hour
The house edge is 0.41%.
400 x 0.0041 = $1.64 in theoretical losses per hour.
$10 Blackjack
Without a doubt $10 per hand.
80 hands are dealt each hour.
10 x 80 = $800 wagered each hour
The home edge is 0.41%.
800 x 0.0041 = $3.28 in theoretical losses each hour.
$25 Blackjack
You bet $25 per hand.
80 hands are dealt each hour.
25 x 80 = $2,000 wagered each hour
The home edge is 0.41%.
2,000 x 0.0041 = $8.20 in theoretical losses per hour.
Should You Ultimately Play at $2 Tables?
You should weigh the pros and cons before choosing a $2 game. Only then will you know if these tables are right for you personally.

A large pro is that $2 stakes lead to fewer theoretical losses. As covered in the last examples, you?ll theoretically lose much less money at a $2 table.

Assuming you?re a person who doesn?t desire to risk much in blackjack, you then?ll definitely appreciate the low theoretical losses. You may also get more entertainment out of your bankroll.

Playing Blackjack

Here are a couple examples to show just how much further your bankroll will go with $2 blackjack:

$10 Table
You've got a $100 bankroll.
You wager $10 per hand.
80 hands are dealt each hour.
10 x 80 = $800 bet per hour
The house edge is 0.41%.
800 x 0.0041 = $3.28 in theoretical losses each hour.
100 / 3.28 = 30.49
Your bankroll will theoretically last for 30.5 hours.
$2 Table
You have a $100 bankroll.
You wager $2 per hand.
80 hands are dealt each hour.
2 x 80 = $160 bet per hour
The house edge is 0.41%.
160 x 0.0041 = $0.66 in theoretical losses per hour.
100 / 0.66 = 151.52
Your bankroll will theoretically last for 151.5 hours.
Recapping the cons, travel may be the biggest obstacle to playing this game. Again, you must visit Vegas to play these games, and you?re almost assuredly not traveling here for the $2 tables alone.

Another main drawback involves the reduced maximum bet. In the event that you?re someone who likes betting big when you?re hot and/or to benefit from a low house edge, you then?re somewhat limited here.

That said, you need to decide if the lower house edge and theoretical losses are worth the travel and limited betting.

Online Blackjack Is a Nice Option to Vegas
The fact that $2 tables are just in Las Vegas is actually a major dealbreaker for you. Luckily, it is possible to still enjoy cheap stakes without heading to Sin City.

Online blackjack permits you to play for even less than $2. Every online casino that features blackjack offers a $1 minimum bet.

The added benefit is that you don?t suffer from poor rules. Most mobile blackjack games feature around a 0.5% house edge.

Some land-based casinos with $25 minimum stakes don?t even give you this good of odds to win. That said, mobile blackjack is an effective route for low stakes and favorable odds.

You can also enjoy bonuses when playing online. Many gaming sites provide you with the opportunity to grab deposit bonuses and VIP rewards.

That said, you need to thoroughly check out an online casino before signing up. You want to ensure that the casino offers blackjack bonuses and comps.

Conclusion
In the event that you?re a low-stakes player, you should definitely play $2 blackjack when it?s available. You?ll enjoy the casino atmosphere while risking almost nothing in theoretical losses.

However, availability is the biggest problem. NEVADA? Poker Palace is the only casino that currently offers this game.

Therefore, you?ll have to live in Vegas or already have a vacation planned there to benefit. In the end, $2 blackjack alone isn?t worth the trip.

Assuming you're in Sin City, though, then you should definitely give this game a go. It?s a good way to enjoy real-money blackjack without spending much. Because of the low house edge, you might even win money.Casino stakes are higher today than they were decades ago. In a few land-based casinos, the least expensive blackjack is $25 per hand. Meanwhile, you need to spend $3 to play probably the most popular slot machines.

Casino stakes have obviously increased when comparing today to days gone by. But have they really increased when contemplating inflation?

I?m going to answer this question by discussing how high minimum bets used to be. I?ll then cover why stakes may be cheaper today when contemplating inflation.

JUST HOW MUCH Have Casino Stakes Gone Up
Back in the 1960s and ?70s, $5 blackjack tables and nickel and quarter slot machines were common. You didn?t see the $25 tables and $3 slot machines (often dubbed penny slots) that are common today.

Since days past, though, stakes have steadily increased. If you visit the Las Vegas Strip, for instance, you?re likely to see $25 blackjack everywhere. You might also need to wager $25 to place certain craps and roulette bets.

Vegas Strip slot machines have also gotten more expensive when considering the speedy play rate. You?ll typically pay between $1 and $3 to spin the reels in many land-based casinos.

The Strip isn?t the only real gambling hotspot which has boosted stakes. Many casinos over the US and beyond also feature similar minimum bets.

Why Do Some Gamblers Think Minimum Stakes Increased?
The increased casino stakes haven?t gone unnoticed by those that?ve been gambling for some time. Some players have watched minimum table-game bets go from $5 to $25 through the years.

These same gamblers typically blame corporate greed for the rise. They believe that casinos have become so obsessed with profits that they?re ready to increase minimum wagers by 5x or 10x.

The truth that many corporations now own casinos doesn?t dissuade this idea. After all, Boyd Gaming, NEVADA Sands, MGM resorts, and the Wynn own many casinos. Their main goal is definitely to make profits by whatever means necessary.

Inflation Shows a Different Side of the Story
Casino stakes haven?t increased simply because corporations are greedy. Instead, inflation has forced the gaming industry?s hand to a big degree.

$5 in the 1960s definitely isn?t worth exactly the same amount in the 2020s. It wasn?t even worth near to the same amount by the 1980s.

Here?s a glance at just how much different bet sizes were worth in the sixties versus today:

A 1 bet in the 1960s will probably be worth $9 today.
A $5 bet in the 1960s is worth $45 today.
A $10 bet in the 1960s is worth $90 today.
A $25 bet in the 1960s will probably be worth $225 today.
Amazingly, some land-based casinos still offer $5 blackjack and cheap slot stakes. Lots of the same establishments are found in Downtown Las Vegas and on the nearby Boulder Strip.

However, exactly the same casinos use $5 blackjack as a way of drawing players. They don?t depend on these cheap tables as their main source of revenue. Furthermore, such casinos typically operate more cheaply than mega resorts.

Blackjack

The latter have more expenses wrapped up within their complexes and property taxes. They are able to?t cover their expenses with $5 blackjack and quarter slots.

Because the information above indicates, $5 was worth $45 in the ?60s. Although you may fast-forward to the 1980s, the same amount was worth $30.

The normal $0.25 slots in the ?60s would require $2.25 today. The same machines in 1980 would require $3.30 nowadays.

Like I?ve mentioned multiple times, many land-based casinos feature $25 blackjack. The majority of the rest require at least $10 minimum bets. These amounts would be worth $82 and $33, respectively, in 1980.

When you consider inflation, casino stakes haven?t increased over the board. Instead, they?ve actually decreased in a few areas.

Other Factors That Have Contributed to raised Minimum Bets
As you can see, inflation is the driving force behind larger minimum wagers today. However, the next factors have also helped push up bets.

Shift in Focus
Casinos still place a higher emphasis on gambling?otherwise, they wouldn?t be casinos. However, they?ve also learned lessons from the Great Recession in the late 2000s.

From 2007 to 2009, both Atlantic City and NEVADA suffered declining revenue. Many gamblers and tourists began tightening their wallets to ride out the recession.

However, Atlantic City was hit even harder than Vegas since it relied more on gaming. It had fewer attractions to draw visitors beyond the gambling tables.

Therefore, Vegas and, especially, Atlantic City have shifted focus to an all-around entertainment experience. Other gaming destinations have done the same.

The idea is to have multiple methods to attract visitors. $5 blackjack and nickel slot machines aren?t section of this plan.

Rise of Luxury Resorts
Continuing off the final point, luxury resorts have only gotten bigger and better. They now offer various kinds of entertainment, including fine dining, nightclubs, lavish pools, shopping, shows, and spas.

Of course, some of these amenities will always be common in casinos over the past few decades. However, they truly became even more common recently.

A number of the biggest resorts feature a large number of resort rooms, many restaurants, and a lot of shopping outlets. Even the mid-sized resorts have hundreds of hotel rooms and lots of amenities.

Players Are Willing to Bet More
Despite higher minimum wagers, blackjack, craps, and roulette tables continue steadily to fill. Most players don?t appear to have a problem with the bigger minimum bets.

Of course, a lot is due to inflation. People are willing to save money money on casino gambling and elsewhere since they?re used to raised prices.

Regardless, $25 minimum wagers aren?t so crazy anymore. Many gamblers are specially ready to place $10 bets.

Will Minimum Bets Ever Stop Rising?
Considering that minimum wagers at tables have rose fivefold in some gambling destinations in the last several decades, you might wonder if this trend will ever stop.

The only method minimum bets will quit rising is if inflation also stops increasing. Predicated on history, I don?t see this happening.

Casino Games

Inflation has been a steady constant over time. It sometimes decreases, such as for example in 1954, when inflation fell by 0.7% percent.

Overall, though, this financial factor means that money today won?t be worth just as much in future years. Casinos will eventually have to adjust their minimum stakes again to continue making money.

What to Expect From Casino Stakes down the road
Simply put, you may expect minimum bets to help keep rising in the coming future. Casinos have proven they?re not going to stay put when money will probably be worth significantly less than previous years.

I doubt that gambling establishments will jump from $25 minimum wagers to $50 immediately. Instead, they could gradually increase by upgrading to $30 and then $40.

However, I wouldn?t eliminate the $50 minimum bet at Vegas Strip casinos in the distant future. These large resorts draw visitors regardless, and they?ll still likely attract gamblers.

The good news, though, is these changes won?t happen overnight. You likely still have a lot of years of $10 and $25 table games left. You?ll also have the ability to enjoy the occasional $5 games as well.

Conclusion
Older gamblers may reminisce about the days when nickel slots and $5 blackjack were common. However, such games are just available in less glamorous casinos today.

Many gaming establishments are actually large resorts. They care almost as much concerning the restaurants and pool as they do the gaming floor.

The same resorts don?t manage on nickel slots and $5 table games. Instead, they might need at the very least dollar bets on slots and $10 to $25 on tables.

You can always discover the occasional casino that bucks the trend and features lower minimum bets, especially in Las Vegas. More often than not, though, gaming venues will increase their stakes to keep up with inflation.

As explained before, many casinos haven?t even increased their bets enough. A $25 bet today would be more like a $3 wager in 1960. For low rollers? sake, hopefully, casinos continue the trend of not increasing bets too much.
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