1. What is Blackjack EV?

Expected Value (EV) in blackjack represents the average amount a player can expect to win or lose per bet over time. A positive EV indicates a profitable strategy, while negative EV means the player will lose money in the long run.

2. How Does the Calculator Work?

The calculator uses the EV formula:

Where:

• \( Bet \) — The amount wagered in dollars
• \( Expected\ return \) — The percentage return expected from the bet

Explanation: The equation calculates the expected monetary value based on your bet size and the expected return percentage of your blackjack strategy.

3. Importance of EV Calculation

Details: Understanding EV helps blackjack players evaluate different strategies, compare betting systems, and make informed decisions about their gameplay.

4. Using the Calculator

Tips: Enter your bet amount in dollars and your expected return percentage (positive for advantage, negative for house edge). For example, basic strategy typically has an expected return of about -0.5%.

5. Frequently Asked Questions (FAQ)

Q1: What's a typical EV for basic strategy?
A: With perfect basic strategy, EV is typically around -0.5% (house edge of 0.5%).

Q2: Can you get positive EV in blackjack?
A: Yes, through card counting or other advantage play techniques that can give players a 1-2% edge.

Q3: How does bet size affect EV?
A: EV scales linearly with bet size - doubling your bet doubles your expected loss or win.

Q4: What affects expected return percentage?
A: Game rules, number of decks, penetration, and player skill level all impact expected return.

Q5: Is this calculator useful for other casino games?
A: The same EV concept applies, but expected returns differ significantly between games.