Exchange Blackjack

Exchange Blackjack logo

Exchange Blackjack is a variation created and played at Betfair.com. It gives players a different way of playing blackjack, as it introduces new rules and gameplay. Players bet against each other, unlike regular real money blackjack, to see whether any hand will win or not.

This OUSC guide will help you learn the different rules and how to play Exchange blackjack. Those players who play can take a look at the basic strategy section to get better odds of winning.

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Rules and How to Play

Aside from the unique system of betting on the result of hands, rather than playing them yourself, Exchange Blackjack follows the same gameplay structure as traditional online blackjack.

With that said, if you’re still learning the ropes of regular blackjack, head over to our main page for the classic game to brush up on the basics. Once you learn the ins and outs of blackjack, return here to see how Exchange Blackjack stacks up.

Different Gameplay from Regular Blackjack

Exchange Blackjack online

It can be not easy to get your head around this revolutionary gameplay format, so imagine logging on to your favorite online casino and clicking on a traditional blackjack table. This table is fully occupied, so you stick around and sweat the action while waiting for a seat. As you watch the players at the table make their decisions, hitting or standing, splitting or doubling down, it occurs to you that it might be fun to bet on the result of each hand.

Exchange Blackjack allows you to do just that. By pitting four “players” against a “dealer,” all of whom are pre-programmed to play their cards according to perfect strategy, the game gives you a chance to assess each player’s hand to the dealer’s before betting on which hand will wind up winning.

Exchange Blackjack represents a stark departure from the typical casino gambling experience, especially for American players. We’ll begin with a thorough review of the game’s rules and structure, including the available wagers, the unique dynamic odds system, and other features which are unique to this variant. From there, we’ll guide you through finding Exchange Blackjack online before concluding with an introduction to proper strategy.

Common Rules

Before diving into the details of the specialized exchange betting scheme, we’ll run through the standard blackjack rules which govern the game. Along with each rule description, we’ll also cover how each rule affects your overall gameplay experience:

#1

An “Infinite Shoe” is Used

Exchange Blackjack relies on a random number generator to “deal” each card. A standard 52 card deck is used, with each card holding its normal value (2 to 10 at numerical rank, J / Q / K at 10, aces at either 1 or 11). The software designed by Betfair utilizes an infinite number of decks, similar in philosophy to a brick and mortar casino’s eight-deck shoe, but expanded exponentially to make “dealing” more efficient.

#2

The Highest Possible Hand for Players and Dealer is Not Blackjack

This rule represents a significant departure from traditional twenty-one, as the best possible hand is no longer an ace plus a ten-value card or blackjack. Instead, in Exchange Blackjack, the best possible hand made by players or the dealer is known as the “five-card Charlie,” or any five-card combination that totals 21 or less. When it comes to five-card Charlies, all five-card combinations hold equal value, so a 2 3 4 5 5 for a 19 total is worth the same as a 3 4 4 5 5 for a 21 total.

#3

Blackjacks are Ranked as the Second Highest Hand

Leaving five-card Charlies aside, the next highest hand in the game is the standard blackjack. Any combination of an ace and a ten-value card is suitable for a blackjack, and this hand will beat all other hands (even 21 totals), except for five-card Charlies. A blackjack will beat any other 21 total while 21 totals outrank 20 totals, and so on down the line.

#4

All Wins Pay Even Money

Your wagers are paid out according to the true odds attached to each stake. For the pre-programmed “players,” all winning hands receive an even money payout. This only matters as part of the score-keeping process between the virtual “players” and the virtual “dealer,” as your payouts will always be based on the dynamic odds system.

For each of the virtual parties present at the Exchange Blackjack table – the four “players” and the “dealer” – their decision-making will follow a pre-programmed system based on optimal blackjack strategy. No matter what cards a “player” holds, they will always make the correct decision regarding whether or not to hit or stand.

Player & Dealer Actions

However, a few provisions have been included in this “perfect strategy,” most likely to streamline the gameplay experience and create a faster pace for actual players. These guidelines for “player” and “dealer” actions break down as follows:

#1

No Doubling Down or Splitting is Allowed

Exchange Blackjack prohibits the four virtual “players” from doubling down on favorable totals or splitting paired hands in an exciting twist on the old dynamic. This rule was likely instituted to make the “player” decisions as quickly as possible while avoiding drawn-out hands.

#2

The “Dealer” Receives Only One Up Card to Begin

One aspect of “European” style blackjack that has made its way into Exchange Blackjack, this rule requires the virtual “dealer” to take only a single up card to begin each hand. The “dealer” must then wait until all “player” actions have been completed before taking the second card and making subsequent decisions.

#3

The “Dealer” Must Stand on Soft 17’s

The dealer will always stand when holding an ace and a 6 ( also known as a soft 17). This arrangement follows the “American” blackjack style, and by standing on soft 17s, the virtual “players” will benefit slightly in terms of their overall expectations.

#4

The “Dealer” Must Stand on All Five Card Totals

A natural extension of the five-card Charlie rule ensures that the virtual “dealer” will never hit and break up a pat five-card Charlie.

Exotic Wagers

In addition to the basic wagering on each “player” hand, you can also elect to place any of the “exotic” wagers found in Exchange Blackjack. These exotic wagers are described in detail below:

#1

The “Dealer” Wins or Ties with All Four Player Hands

In this bet, you back the virtual “dealer” against the four “player” hands. One of the rare instances in which you can bet on the house, Exchange Blackjack lets you take the “dealer’s” side – but if you do, the “dealer” hand must beat or tie all four of the “player” hands.

#2

One or More of the Five Hands Receives a Five Card Charlie

This exotic bet turns a winner whenever any virtual hands result in a five-card Charlie.

#3

All Cards on Board Will Be Unique, Both in Terms of Suit and Value

By taking this exotic wager, you’ll be hoping that every one of the cards revealed during the next hand is unique. Thus, any repeated cards, such as the four diamonds appearing twice, results in a loss.

#4

Only One Hand on the Table Lands an Exact Value of 21 Points

Another peculiar prop bet, in this exotic wager, you’ll be hoping that one, and only one, of the five hands on board, lands an exact total of 21.

These exotic wagers represent longshots, so the odds attached to each bet will be much higher than those found on the basic “player” bets. For example, taking the “one or more hands will produce a five-card Charlie bet,” you’ll typically receive 30 to 1 odds on your money.
During a game of Exchange Blackjack, the odds are adjusted to reflect current game conditions. Thus, if a repeat card hits the board, the exotic wager on repeats will instantly be removed.

Playing Exchange Blackjack

Now that we’ve covered how the virtual “players” and “dealer” will manage their game, let’s move on to the bread and butter of Exchange Blackjack: the exchange betting system.

#1

You’ll be watching a basic online blackjack table on your screen, with the four “player” spots and the “dealer” spot appearing in their usual positions. Each game consists of seven rounds or hands.

#2

Your job is to place wagers on the result of each round, either beforehand or as they happen. Of course, you can bet on one or more of the four “player” hands, and odds for each hand will be constantly updated to reflect the current game conditions.

#3

Should Player 1 receive a strong 20 total, while the dealer holds a lowly 3 up card, the obvious play would be to “back” Player 1 against the dealer. Betfair’s dynamic odds system will calculate the true odds that Player 1 will win, given the available information revealed by the cards, and you can then wager on Player 1’s hand to win. Under this example, however, you wouldn’t be getting excellent odds, simply because it’s a near-lock that Player 1 will wind up winning.

#4

You could always take the long-shot instead and “lay” Player 1 or bet against them winning the hand. With a 20 total versus a three-up card, laying odds on Player 1 would result in a low-risk, high reward scenario.

#5

Depending on the exact cards held by each “player,” the up card held by the “dealer,” and the influx of actual wagers being made on each side, Betfair will produce accurate true odds that reflect each hand’s current variables. If several wagers come in to back Player 1 under the above example, the odds on Player 1 winning will go down accordingly.

Best Places to Play Exchange Blackjack

Betfair Casino

As a proprietary product owned by global betting exchange company Betfair, Exchange Blackjack is only available through the Betfair online casino platform. If you want to play this online casino game, you have to sign up at the site and find the title in their online portfolio.

Exchange Blackjack Strategy

Blackjack strategy

The house edge attached to Exchange Blackjack stands at 3.90%, which is significantly higher than most blackjack variants, especially traditional blackjack.

Unless you have a particular desire to play this unique take on twenty-one, the best strategy for preserving your bankroll is to avoid Exchange Blackjack in favor of the regular version. Ordinary blackjack offers a house edge of just 1.50%, and that’s when you’re playing according to gut instinct alone. Employ optimal strategy, and your house edge shrinks to under 0.50%.

Based on these numbers alone, the best strategy for Exchange Blackjack is discipline, as high volatility gambles like this can produce big wins and even more significant losses.

Exchange Blackjack History

In an innovative new addition to the blackjack landscape, the game known as Exchange Blackjack was developed by U.K.-based company Betfair – which bills itself as the world’s largest global betting exchange.

The concept of betting exchanges may be unfamiliar to American gamblers. Still, in the U.K. and across Europe, Betfair has worked since 2000 to bring the creative wagering format to the industry’s forefront.

Essentially, a betting exchange operates much like a stock market, with bettors placing their wagers against one another rather than the sportsbook. True odds are posted for the result during any sports contest or event, along with various team and player-specific proposition bets and a whole host of additional wagers. The exchange concept is based on bettors taking either side of a particular stake, with the odds fluctuating in real-time to reflect the current market conditions.

Becoming Popular Internationally

Betting exchanges have proven to be quite popular with European punters. The system allows for more fluid in-game wagering, the ability to “hedge” bets in real-time, and the option to immediately “cash-out” wagers in which you’re currently winning for an equitable portion of the overall purse.

Betfair decided to adopt the betting exchange concept to its expanding lineup of online casino game offerings in a bold move over a decade ago. The result is a new wave of Exchange-based table games, such as Exchange BaccaratExchange Hold’em, and of course, Exchange Blackjack.

The concept seems simple enough on its surface. Rather than playing blackjack hands for yourself and wagering on the results of your play, Exchange Blackjack enables you to wager on four automated blackjack players on the dealer or several prop bets.

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About the Author
Neil White

Neil White - Editor in Chief

His drive and passion for casinos and the most popular games keep him in touch with the latest news and interests to provide the best for his readers.