Soft 18 and the dealer has an 8, 9, or 10. The following tables display expected returns for any play in blackjack based on the following rules: dealer stands on a soft 17, an infinite deck, the player may double after a split, split up to three times except for aces, and draw only one card to split aces. The dealer also gets two cards, but one is face down. The basic strategy chart displays the recommended move for every possible combination of player hand and dealer up-card. As a recreational player, you have a slightly better chance to win each hand at a machine-dealt table. Just download the 6 Deck Blackjack Strategy Chart PDF to your computer, or open it in your browser and click on print. Say how you would play the hand then check the strategy chart or table to be sure you got it right. Blackjack basic strategy table. Press on the chip size you wish to bet, then press a betting circle to place a bet in that position. “Bad players at the table will hurt you. 96% possibility, which means you’ll most often leave after about. The below chart: Blackjack Basic Strategy Chart. Blackjack begins by selecting a seat at the table. While feeling. Why Blackjack Strategy Works. In this article we solve these and other questions with the help of mathematics. However, that’s not the case. Losing all wagers after splitting. This is the most accurate basic strategy chart for California No Bust Blackjack. Options, once cards are dealt, are to Stand, Hit, Double or Split. The tables above are based on the standard blackjack rulesets. Each element is an extremely important component of the game. In this strategy, each time you lose, you double your bet. If the three cards equal a flush, straight, straight flush, or three of a kind the side bet pays 9 to 1. So make sure you are somewhat familiar with it before taking the quiz. While feeling excited or knowledgeable about the game is natural, remember that each player has their unique style and approach. Double down on soft 18 if dealer up-card is 2. Best slot games. The blackjack table can be divided into two parts: one for the players, and; another for the. Think of it like this: you always start again when you lose. 3. The actions in a blackjack strategy chart are: H - Hit. The standard blackjack strategy is to only surrender if your chance of winning a hand is 25% of lower, and there are only a handful of blackjack scenarios where this happens: Surrender 16 against 9, 10 or Ace. Based on these rules, the player's expected value is -0. Hard 13 through 16 will stand against 2-6, hit against 7-ace. The following table shows the probability of each hand in a six-deck game,as. Search. Take the Free Double any time you’re dealt a hand valued 9 to 11. Of the advanced strategies we will cover in this article, card counting is arguably the most well-known. The first two sections (hard and soft) tell you how you should play that hand against the dealer’s upcard, the pairs section tells you whether or not to split your hand against the dealer’s. The key is to play the perfect blackjack strategy and loose as little as possible until you have wagered enough to be eligible for the withdrawal. Nov 10, 2023 / 3 min. Choose any terminal available at the table and look down at the laptop in front of you. Oscar’s System was proposed in the 1960’s in a book by mathematician Dr. Player may re-split to four hands, including aces. 4–8 deck blackjack basic strategy charts. Players can reduce the casino advantage by applying basic blackjack strategy because this game has an element of human choice. We have used mathematical probabilities to work out the best moves to make. Essentially, the basic strategy is a template which shows you the best course of action to take based on the cards dealt. The house edge on the 3:2 game is about 1%. It’s also possible to gain the monetary edge over the casino. The exact playing decisions and house edge depend on the playing rules in effect at the table. The D’Alembert Strategy. A standard basic strategy chart can only provide you with the strategy for one set of rules, such as dealer hits on soft 17, limiting your mastery to just one game. How to Play Blackjack, in 4 Easy Steps Yes, when it comes to blackjack strategy, there are loads of rules to learn. In both cases, an A stands for ace. When you use this blackjack strategy, you need to go back to the original bet as soon as you lose one. Blackjack relies on a combination of strategy, skill, and good fortune. Early surrender allows players to surrender their hand when the dealer has a face up card of ten or an ace before the dealer checks for blackjack. , Sunday through Thursday, and 10 a. Blackjack Basic Strategy Chart: 4/6/8 Decks, Dealer Hits Soft 17. Blackjack Rules & Gameplay: Understand the aim, essential rules, moves, and bets in 21. The value of a hand is the sum of the point values of the individual cards. (The jacks, queens, and kings are still in the deck. Blackjack Bonus: $25 no deposit bonus + 100% up to $1,000 on Deposit Number of Blackjack Games: 14 Bonus Playthrough for Blackjack: 10% contribution, 1x on no deposit bonus, 15x on deposit-match Should blackjack players claim the bonus or just deposit: Claim the bonus, but don’t expect to get much out of the deposit match portion. I just started learning about playing blackjack and ended up learning the basis strategy chart from blackjackapprenticeship. Player may re-split to four hands, including aces. After you hit a soft 17, what you do next depends upon the total of your hand and the dealer’s upcard. The point of Oscar's blackjack betting strategy is to try and win one betting unit at a time. No Bust Blackjack Strategy Chart. The goal of the strategy is to win exactly one unit per series. However, this is only the case for players who play a good blackjack strategy. This is basic blackjack strategy at its most general, adaptable to many common rule variations. The script run. m to 3 a. Using the blackjack basic strategy. Most land-based or online casinos will. The terms "blackjack strategy table" and "blackjack strategy chart" are often used interchangeably, providing the same general action information for specific scenarios. Don’t Ask the Dealer for Tips. In summary, this casino has a pretty solid Blackjack offer. 3 decks = 0. Blackjack strategy cards generally come in a black and white table and a color-coded chart. The exact playing decisions and house edge depend on the playing rules in effect at the table. ”. 45%. If you consider these differences in the. Blackjack Rules. Downtown Las Vegas keeps the traditional 3:2 payouts alive. DraftKings’ tables are open 24 hours a day, 365 days a year. Here’s a comparison of some 6-deck blackjack games with and without the surrender rule available… Blackjack SurrenderBlackjack is mostly an even money game, rising to 2:1 at best if you are dealt a Blackjack. Blackjack is played in essentially 5 repeating steps including (1) shuffling the deck, (2) dealing the cards, (3) declaring the dealer “upcard” and checking for dealer Blackjack when necessary, (4) allowing each player to act on their cards, and (5) resolving each hand and bet. A rule of thumb is anything that pays. Depending on the blackjack game, the cards will be dealt in a particular order around the. 3597% for a whopping 1. You have 11 and want to double down to maximize your profits. SP. Cards 10 to Ace: -1. Blackjack strategy Basic strategy. You might decide that $25 is your unit, so your betting range is $25 to $100. When Dr. Unlike any other game in the casino, when playing blackjack your decisions can have an outcome on how the hand plays out and thus can contribute to the wins or losses of the players at the table. Here are the full rules of the game. But in order to find out which Blackjack cheat sheet to look at, you should know the exact rules of the casino table you are going to play. 64% edge. If you plan to use it at a land-based casino, you probably want them to be smaller. Oscar’s System – Blackjack Betting Strategies. When the dealer holds a 5, they're going to bust 42% of the time, and when a player doubles on a soft 18, they're going to make a hand that's 17 or higher 38% of the time. There are a few small adjustments that you may want to consider if you are playing a blackjack game where the dealer hits on soft 17. HITTING SOFT 17. m. Card counting is a statistical method to get an advantage over the casino while sitting at a blackjack table. When your hand value is 12-16, hit if the dealer’s face-up card is 7 or higher. 4. Blackjack for Beginners Our beginner’s guide to Blackjack is. Cut card used. 50%. RULE #3: WHEN THE DEALER’S UPCARD IS A 5 OR 6, ALWAYS. Cards 7 to 9: 0. 1 Deck, Dealer Hits Soft 17. The script run. The blackjack table is a green one with the basic information and game rules on it. If you cannot surrender with these sets of hands, the best option is to stay and avoid going bust. You’ll find that one of the positive points about playing at the 6-deck table, is that the rules are going to be fairly liberal. You're mulling it over. These strategy tables were created with data from Eric Farmer's excellent Blackjack Strategy Calculator. Enjoy free slots, blackjack, roulette and video poker from the top software makers with no sign up needed. By playing perfect basic strategy, your expected return is 99. This blackjack strategy is done when the player believes they have a low chance. To use the basic strategy, look up your hand along the left vertical edge and the dealer's up card along the top. Let’s start with. (d) After you win for the first time, reduce your bet. Learn how to play blackjack like a pro with this handy chart that shows you the optimal strategy for any situation. For example, normally you will hit a 12 against a 2. The goal is to reach 21 without busting. You’ll find that one of the positive points about playing at the 6-deck table, is that the rules are going to be fairly liberal. At the basic level, blackjack is a game of math and statistics. Like the ‘Soft 17 Rule’, basic blackjack strategy is also affected by the number of decks used in a blackjack game. The strategy tables for Vegas and A. P - Split the pair. Aces may be counted as 1 or 11 points, 2 to 9 according to pip value, and tens and face cards count as ten points. In a game of razor thin margins, every pound matters. The questions are based on the principles of Basic Blackjack Strategy. For a single-deck game, hit when the dealer’s upcard is 7 through ace. Bets are accepted at the beginning of the game and as rounds proceed, there will be no further increase or decrease in bet values. Tip #3 Know When to Surrender. Here is the strategy when the dealer exposes both cards. This includes looking for the best video poker app as well. Blackjack strategy cards generally come in a black and white table and a color-coded chart. dealer’s Ace. 4-8 Decks Blackjack Dealer STANDS on Soft 17 Chart. 1 sign behind your cards. Double soft 18 vs. The single most important thing that you need to understand about the game of blackjack is that it is a game of player decisions. Perfect Pairs – bet pays out if the player is dealt two of a kind. This works to lower the house edge against you. Still managed to go on multiple 5-10 card losing streaks and lost 270k today. Surrender 16 against 9- Ace and 15 against a 10. Check out the blackjack basic strategy calculator for any number of decks or any set of rules, along with recommendations for best online casinos for bonuses…. Optimal Strategy for Blackjack. Find the point of their intersection and it will say what to do in this situation according to the blackjack strategy chart. (Just don’t lay it on the table; instead, hold it in your hand. Doing anything else can (and does) lead to confusion. Each player at the blackjack table can make decisions based on their strategy and intuition. We advise you to start out at a table with a low betting limit, like $1. A classic blackjack table features a semi-circular design, accommodating up to seven players. Take Down Double Deck Games with These Charts. Keep in mind that doesn’t mean you can play only 100 hands, necessarily. You may not take a path of the same color twice in a row. R simulates Blackjack games (based on 10,000,000 moves with 8 decks and 3 people playing) to generate a database that will be analyzed with the data. The Classic Blackjack Table. Never split 10-value cards or a pair of 5’s. This family of blackjack cards games includes Pontoon, the British version, and Vingt-et-Un which is a. At the points where. Card suits have no meaning in blackjack. In contrast, the 3:2 blackjack tables feature a 0. Blackjack Rules -. Understanding the Table. Our advanced algorithm allows you to customize different table rules so you can make the best informed decision to beat the house. Blackjack Strategy Additional Rules. 0. To split – Exactly match your original bet and make a V sign with your first two fingers. First thing to do is look at the center of a blackjack table to see whether it's a 3:2 or 6:5 payout table. Unless it's a blackjack, then what the hell are you doing. Of course, you must steer clear of the Insurance bet wherever possible. Just knowing how to play game often isn't enough to. There is a difference because a push is just as bad as a loss on a Free Bet, thus causing a more aggressive strategy. Click to choose the dealer’s upcard. Las Vegas Blackjack Strategy Cards. It’s your base that you start from. Basic Strategy: Elevate your blackjack skills with these tactics and charts. So don’t say “hit me” or “stand. Your first bet would be $5. Step #5: Pick the right table Blackjack works the same wherever you are in the world, but because of small variations in rules, games can pay out very different percentages. Drawing a hand of higher value than the dealer’s hand, without going over 21. The game really took a beating during Covid, with a lot of smaller places getting rid of it completely. Blackjack may be played with one to eight decks of 52-card decks. Use our Blackjack Training Drills to master blackjack basic strategy and card counting: Our Basic Strategy Drill trains you at basic strategy so you never make a wrong playing decision. ) Notice that as the number of decks increases, the house edge increases incrementally up to 0. The average amount at regular blackjack tables is around $5-$10 at the end of a session, but this can greatly depend on your profits. 64% for an eight-deck game. To put that small number in perspective, typical European blackjack tables in online casinos have a house edge of only 0. Improve Your Blackjack Game. Use A Basic Blackjack Strategy Cheat CardBlackjack Strategy Chart. Advanced Blackjack strategy: Pairs. Double on 11 (except if dealer has Ace) Double on 10 (especially if dealer has 9 or less) Double on 9 if dealer has 6 or less. For starters, unlike other casino card games where you are playing against the other players at the table, blackjack is a card game between the house and the player. The web page explains the basic terms, rules and strategy of blackjack, and provides 15 charts to help you follow the best play in each situation. Along one edge of the grid are the possible values of your hand, and along the other are those of the dealer. Find out the mathematical proof, the house edge and the tips for blackjack strategy with charts and examples. It is a strategy which maximizes the player’s expectation given only knowledge of the player’s hand and the dealer’s up-card. Progressive Betting Strategy. For instance, if you place random bets on the game instead of following a steadfast strategy, your chances of winning diminish substantially. With a career spanning two decades, Mathieu Blake knows his way around a blackjack table. m to 3 a. By using the 1-3-2-6 betting strategy, the first bet is 1 unit, the second bet is 3 units, the third bet is 2 units, and the fourth bet is 6 units. Blackjack tables are open from 10 a. From the Nevada Gaming Control Board 2009 revenue report, we see the win for "21" was indeed $1,008,525,000. Ds - Double if possible, otherwise stand. Hit soft 18 vs. 6 deck blackjack advanced strategy – for players who love playing with multiple decks at the tables, they can use this strategy so as to help them win easily. Practice with free games. Surrender if you have 15, 17 or pair of 8s, if dealer up-card is Ace. It is the most popular table game in the United States, and is easily found in casinos throughout the world. A 1-5 bet spread means that the player is betting a minimum of 1 unit per hand and a maximum of 5 units per hand. m. Make the gesture. If this gives you a second pair of aces or eights, treat it as its own hand and split again. 2. Online Blackjack. The Blackjack house edge calculator will help you see your and the casino odds in the specific game you are playing. Blackjack can have an RTP of up to 99% if you play without a strategy. For blackjack hard hands, below are the following useful strategies to take. Hard 8 and below will always hit. Four optional side bets of 21+3, Perfect Pairs, Bust Bonus, and Crazy 7’s can also be played. #1. The dataset produced follows the format below, with each line representing a move in a round (game_id) with the expected earning in case the player. I chose to automate this logic using three classes: Game. Side bets offer you the chance to play much longer odds for higher player wins – as much as 5,000:1 in. This item: Instructional Services Basic Strategy Card for Blackjack. 5%, depending on the specific rules. Double soft 19 vs. Let's look at an example. 1. Home; Blackjack Tournament Strategy; Blackjack Tournament Strategy. Never split 10s, but always split aces and 8s. The 12-card set includes two cards each for these rule variations: 1 Deck, Dealer Stands on all 17s. , for all ten dealer’s upcards. The innovative Advanced Blackjack Strategy Cards from BlackjackInfo provide a first-ever pairing of the best possible basic strategies, with optimal card counting index numbers right on the card. If we were to boil down a blackjack strategy to one simple rule, it would be: if the dealer looks weak, you should be aggressive and get as much money on the table as you can. The biggest difference is that the basic strategy does consider the cards player’s hand is made up of. Hard 11 will always double down. Written by: Michael Shackleford. Suppose the player bets $10 and then splits eights against a dealer ten, to the following:Under typical California rules, the table minimum will be $10 wagers, while the maximum will be $600. A unit is the amount you’re betting when the count is negative or 0. 6 – Manage Your Bankroll. Here is a short list of the side bets: Insurance – insurance against “Blackjack” if the dealer has an ace with its face up. Basic blackjack strategy. Basic Blackjack Rules: The goal of blackjack is to beat the dealer's hand without going over 21. Stand on soft 19 and 20. In a blackjack game, the goal is to beat the dealer’s hand without exceeding the value of 21. A pair of 8s equals 16 in blackjack. That’s 4X better odds than 6 or 8 deck games. These rules. The specific rules are as follows: Six decks (this chart is also accurate for 4 or 8 decks) Dealer stands on soft 17. The regular Blackjack tables support a maximum bet of $5,000, while the high stakes or “high rollers” Blackjack tables will support a maximum bet of $50,000. The regular table supports a max bet of just $5,000 while the high roller table supports bets of up to $50,000. For example, if you find a blackjack table that pays 6 to 5 on a blackjack (a “natural”), run away. But with a $200 minimum bet -- and figuring that a blackjack bankroll ought to be 50 times the basic wager — $10,000 seemed like an excessive amount to risk for a few hours of. This isn’t a strategy to be used in-game but rather one that could help increase your. So the probability of four in a row is (64/1326) 4 = 16777216/ 3091534492176 = 1 in 184270. Blackjack card values: All cards count their face value in blackjack. After the first two cards are dealt, each player can hit (take another card), stand (stay with the cards they have), or in certain situations double down, split pairs, or surrender (give up your hand and keep half. Doubling down in blackjack is one of the several moves players get to make when the hand is dealt, and it is critical to not losing too much at the tables. So anytime before a true 3, you will hit 12 v. I understand there are different variations depending on rules, but I don't want to memorize every single variation/chart. Here are a few tips: Always assume the dealer’s face-down card is worth 10. are displayed below. Blackjack is one of the most famous table games around, whether you play online blackjack, live blackjack, or at a land-based casino. The values for the different cards are as follows: Cards 2 to 6: +1. These are bad totals for you, so make sure you split. Playing perfect blackjack at the right table can drop the casino edge to below 1%! But what is perfect blackjack, exactly? Perfect blackjack means playing with optimal strategy. Learning about the strategies for blackjack helps a player take the desired actions and improve their odds of winning. 40%. All of this leads to doubling down being the far superior strategy. If you bet $10, you win $10 from the dealer (plus you keep your original bet, of course. You've been dealt a seven and a five for a hard 12, while the dealer shows a three as his upcard. The following abbreviations are used in the blackjack strategy charts. Blackjack strategy tables are an essential tool for any serious blackjack player. Chances of the Dealer exceeding 21. dealer’s 2. NB: This table assumes four to eight decks in play and that the dealer hits on a soft 17. Blackjack pays 6 to 5. How To Read a Blackjack Strategy Chart. Ds - Double if possible, otherwise stand. Late surrender, on the other hand, is just available to use when the dealer has already checked for blackjack and does not have one. 014%. While it adds a touch of objectivity, four losses are too short a run, and you’ll find that you’re walking away from most tables after a short amount of time. With a bet of $10, you keep your $10 and win a further $15 from the dealer. As you begin to play make sure to keep your basic strategy guide open on a separate window. Basic blackjack strategy always calls for splitting a pair of 8s. 44% Pure) The KO Strategy is one of the very easiest Blackjack card counting strategies, contained in the book Knock-Out Blackjack--The Easiest Card Counting System Ever Devised. For example, the following blackjack table shows the effect that the number of decks has on the house edge against a basic strategy player with h27 and DAS. Double deck blackjack features a tempting 0. (a) When you begin, select a minimum stake amount. 2% 42. The tall table on the left is for hard hands, the table in the upper right is for soft hands, and the table in the lower right is for pairs. ”. Blackjack is a game that is fun to play and needs learning. Next reshuffle the deck of cards, place a dealer’s 3 on the table, and deal yourself two cards face up. If you’re not quite ready to put your money on the blackjack table, many casinos offer virtual blackjack games that can be played for free. Or raise and lower your bets based on the count. Free Bet Blackjack is by far the most popular blackjack variant in Las Vegas. Except, a "blackjack" is the highest hand. Play the math and play consistently. Blackjack Training Simulator Practice Optimal Strategy. The right two columns represent a dealer ace according to whether the. However, this strategy does not cover certain advanced Blackjack strategy. 5% house edge with perfect play. Take Down Double Deck Games with These Charts. If you win again, increase your bet to two units. In contrast, the 3:2 blackjack tables feature a 0. The above are suitable for games using between 4 and 8 decks. 10 and as high as $500. Stand on 14, 15, and 16 vs dealer 2. 45% in favour of the house. This is basic strategy for a multiple-deck game, dealer stands on soft 17, late surrender, doubling after splits and doubling on any two cards is allowed. Practice for free online and then try out some of the hand gestures at home to feel more comfortable at the casino table. Try video poker for free and learn the basic. Hard 17 and above will always stand. The exact playing decisions and house edge depend on the playing rules in effect at the table. In this series he'll take you through basic strategy, card counting, and bankroll management. Whenever you see an empty seat at a blackjack table, you may assume it's for your taking (unless chips or a coat are holding the spot for a player who just stepped away for a moment or unless some player is playing two hands). Ph -. In other words, the winning percentages for the outcome of each hand. Utilising even a basic Blackjack strategy drops that 2% down to as little as 0. In most other card counting strategies, players must. Some people have even made a spreadsheet-like chart that helps you quickly analyze the best move to make based on your current hand. Some of the best classic blackjack variants offer a house edge as low as 0. 83%, according to gaming consultant Bill Zender. Win - the player wins as much as he bet. Aces may be counted as 1 or 11 points, 2 to 9 according to pip value, and tens and face cards count as ten points. 3. A pair of Aces equals 12, while a pair of 8s equals 16. Hard 12 will stand against 4-6, hit against everything else. “The order of the cards is sacred. The player advantage is 10% +/- 0. Using these assumptions, I've been able to reproduce the 'hard' strategy table exactly and my 'soft' strategy table only differs in one case (A7/A) where I have 'stand' rather than 'hit' though the. Blackjack table rules are all clearly published, and there’s never any mystery about how many decks the game draws from. It has a semi-circular form. This is because once there are 4 decks or more on the table, the mathematics are practically the same for 4+ deck tables. There are only five choices available: hit, stand, split, double down, and surrender. The cell where these meet will show you what action you need to take. All the 10s cards are removed from the deck, with just 48 cards in the game. ”. This guide provides the essential double deck basic strategy charts and pro tips to memorize. If the dealer has less than 21, you win. This, or any chart for other set of rules, is. However, since it is hard to memorize blackjack strategies and also, keep in mind, the rule variations in multiple situations, players. A blackjack strategy card or chart has a table that shows the best way to play every possible hand. Those sections are hard hands, soft hands, pairs, and surrendering. Since the basic strategy chart only deals with the first two cards, you will also need to learn what decisions to make after taking a. You may have heard some of them. For small multipliers, the strategy is almost the same as you’d be playing at a regular blackjack table. Re-split aces – Lowers house edge by 0. 8-8. The blackjack basic playing strategy for surrender in a six-deck game with the dealer standing on soft 17 is: Surrender hard 16 (but not 8-8) against a dealer 9, 10, or Ace upcard. Blackjack strategy for. Blackjack Strategy Tables. We will now include an important Blackjack guide table that would pay you to memorise or course revisit our page any time you need it. Editor's rating: 8/10:The basic strategy for hitting in Blackjack is to take another card if your hand is valued at 8 or less, or if your hand is valued at 12-16 and the dealer’s up card is 7 or higher. Online Blackjack Bonuses View All We constantly maintain a database of all the casino bonuses from the hundreds of online casinos we have reviewed, and we note which bonuses allow blackjack to count towards the wagering requirements. Great gamblers come to the table with a strategy. If you place one bet, you will be dealt one hand. Lets assume a very basic set of rules and table for them, these rules are unlikely to be seen in any casino and the reason is clear, there is only a 0. Our Top Basic Blackjack Strategy Tips. Blackjack strategy cards generally come in a black and white table and a color-coded chart. Try video poker for free and learn the basic. The “In-Between” Split System: 1-3-2-6 Blackjack Betting System. Two 5’s might result in two 15’s, while playing two 5’s as a 10 you have a good chance of getting a 10. Learn The Basic Blackjack Strategy. Stand on 17 and above. The deuces, 3s, 6s and 7s are worth +1, while 4s and 5s are worth +2. Seeing that first. 🌎 Top Gambling Cities in the US (The Best Venues with Blackjack, Poker and Table Games) 🔫 History of Russian Roulette (When Was Russian Roulette Game Created and Why) 🎁 Top Slots with Bonus Games (Play Real Money Slots with Superb Bonus Features) 🎟️ Crazy Lottery Winners Stories (The Strangest Lottery Wins and Loses)I've been using a blackjack basic strategy chart which in real blackjack with the gta rules should reduce the house edge to less than . 24%. This involves observing the dealer’s shuffling patterns and keeping track of which cards end up at the top of the deck. Learn the basic strategy for playing blackjack with four or more decks, including the dealer's up card and the hard totals. The following basic strategy tables show when to surrender (Y=yes, N=no) depending on the player's total, dealer's up card, and the number of decks. Make sure to check out the Blackjack Strategy Guide written by the ‘Wizard of Odds’ Michael Shackleford, which goes into more details as to the best way to play blackjack. The tables above are based on the standard blackjack rulesets. When using basic strategy, the long-term house advantage (the expected loss of the.