Re: I don\'t understand blackjack (longish)
If your buddy plays with perfect basic strategy, then yes, the house edge goes down to about 0.5%. So a $5 expect loss for every $1000 is correct. However, Blackjack is a game of high variance, and it seems as though your buddy is betting 20%+ of his starting bankroll on some bets, which greatly increases his risk of ruin.
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