Considering that blackjack, with the right strategy, is one of the lowest house edge games in casinos, many people want to make a career and become professional blackjack players.
This means that you’ll end up making a living out of playing blackjack.
But is it really possible? According to what you can confirm on this site, blackjack can be a really profitable game, but as we learned through many examples in our society, the house always wins, at least in the long run.
Well if you decide to go through this path, you’ll need to become an expert in blackjack and pursue your dream of becoming financially independent of your winnings.
Let’s go through the idea of making a living out of playing blackjack, find out how much can blackjack players make, and whether is it a sustainable strategy.
Can You Win At Blackjack In The Long Run?
The most obvious question you need to ask yourself before making a decision to live off your blackjack winnings is whether or not can you win continuously to keep up your budget healthy.
Blackjack on average has a house edge of 2%, which means that for every $100 you put in the game, you’ll lose 2% or $2.
This is not quite a sustainable strategy for the long run, as most studies will suggest that the house will end up winning.
In order to make this strategy work and end up profitable in the long run, counting cards is crucial. So, in order to make money on endless blackjack sessions you’ll need to be an expert card counter, watch many tables, risk big money, and deploy questionable betting strategies.
Even though most of these strategies are not illegal per-say, deploying questionable strategies, and card counting will get you banned from any big casinos before you can land a big win.
If we take into account all the data from casinos, we can find that even if you become an expert card counter and follow great strategies, the average person won’t be able to manifest the edge, meaning that the casino will win in the long run, at least according to statistics.
On top of that, starting your blackjack career means that you must have a big bankroll to work with. The idea of a big bankroll is to survive losing streaks and climb back on the ladder. With that said, if you’ve made plenty of money to fund your bankroll, you should stick to what made you the money in the first place, not playing blackjack.
Can You Make A Living Playing Blackjack?
Very few people have managed to successfully pull off a blackjack career where they end up winning a lot of money.
So, for the average player, the answer is no.
Even with the low house edge, counting cards, and high-end strategies, the game is designed in a way that you cannot create a sustainable income and the house will always win in the long run.
Blackjack is a game of mathematics. If we look at the odds of you winning constantly with 8 decks of cards in play, the situation becomes almost impossible.
Blackjack can be very profitable in the short run, but it cannot be considered a strategy to make a living out of in the long run.
How Much Blackjack Players Make?
Well, this depends on many factors, such as:
• Types of tables you play
• Betting Strategy
• Counting Cards
• Starting Bankroll
This means that there is no exact answer to how much money can a professional blackjack player make.
But if you really want to get into this business, we can look at some statistical numbers of how much you should expect a return on your investment.
According to Wizard of Odds Michael Shackleford, a professional blackjack player that has the ability to count cards and plays the standard blackjack game we all know has only 0.5% to 1.5% return on investment.
This means that if you enter with a budget of $1 million and you are a professional player, you can expect anywhere from $5,000 to $15,000 in wins over time. With that said, there is still a big risk that you might end up losing most of your bankroll.
Risking $1 million just to get a max of $15,000 isn’t a profitable way to make money, especially not if you are planning to live off your blackjack winnings.
So, unless you have a budget where 1.5% of it will be enough to live your life, blackjack isn’t a career choice for you and you won’t be able to make ends meet.
Blackjack is an exciting game that definitely can bring you some serious wins. However, statistically, it is not a rock-solid strategy that you can depend on. In other words, it is better to play blackjack casually, and find another money-making opportunity that comes will fewer risks.