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Blackjack tournaments are similar to "normal" blackjack in that players all play against a dealer, but that is where the similarity ends. In tournament play the real money is not the chips that are bet, it is the remaining size of each players stack at the end of each round.
Typically tournaments take place over a number of "rounds". A round is a set number of hands (from as few as 10 to as many as 30), and players begin each round with an equal number of chips. At the end of each round the player(s) with the highest stacks win and advance to the next round. Some tournaments may be quick single table tournaments-in these the player with the most chips simply wins the tournament.
Taking the single table tournament as an example, a player is able to wager the tournament entry fee (say $100) and play against typically 5 other players to win the total pot ($600) if he ends up with the most chips. Because the game is not played against the house it pays out 100% (less any tournament entry fees) and could be perceived to be a fairer game than blackjack against the house.
Because the first player to act is at a disadvantage, there is a dealer "button" which is a chip indicating the first player to act that is passed around the table. That way each player takes turns to go first. In most tournaments the dealer positioning on the first hand is decided randomly. One way is by either dealing each player 5 cards and then the highest poker hand being the "dealer". Another method is to deal players one card at a time until a player gets an Ace and becomes "dealer".
Rules and how to play Blackjack:
The object of the blackjack game is to accumulate cards
with point totals as close to 21 without going over 21.
Face cards (Jacks, Queens and Kings) are worth 10 points.
Aces are worth 1 or 11, whichever is preferable. Other
blackjack cards are represented by their number. If a
blackjack player and the House tie, it is a push and no
one wins. Blackjack Ace and 10 (Blackjack) on the first
two blackjack cards dealt is an automatic blackjack
player win at 1.5 to 1, unless the house ties. A
blackjack player may stand at any time. Playing blackjack:
To win you need to beat the dealer without busting. You
bust when your blackjack cards total to more than 21 and
you lose automatically. The winner is whoever has closest
to a total of 21. You reach 21 by adding up the values of
the blackjack cards. The blackjack table seats about 6
players. Either six or eight decks of blackjack cards are
used and are shuffled together by the blackjack dealer
and placed in a card dispensing box called 'Shoe'. Before
receiving any blackjack cards players must place a wager.
Then the players are dealt two cards face up. The
blackjack dealer gets one face up, one face down. Each
blackjack player in turn either stays or takes more
blackjack cards to try and get closer to 21 without
busting. Blackjack Players who do not bust wait for the
dealer's turn. When all the players are done, the dealer
turns up the down card. By blackjack rule, on counts of
17 or higher the dealer must stay; on counts of 16 or
lower the blackjack dealer must draw.
you make a total of 21 with the first two cards (a 10 or
a face and an Ace), you win automatically. This is called
'Blackjack'. If you have Blackjack, you will win one and
one-half times your bet unless the dealer also has
Blackjack, in which case it is a Push or a Tie (or a
Stand-off) and you get your bet back. The remaining
blackjack players with a higher count than the blackjack
dealer win an amount equal to their bet. Blackjack
Players with a lower count than the dealer lose their bet.
If the dealer busts, all the remaining players win. There
are other betting options namely Insurance, Surrender,
Double Down, Even Money and Split.
Insurance: side bet up to half the
initial bet against the blackjack dealer having a natural
21 - allowed only when the dealer's showing card is an
Ace. If the dealer has a 10 face down and makes a
blackjack, insurance pays at 2-1 odds, but loses if the
dealer does not.
Surrender: giving up your hand and
lose only half the bet.
Early Surrender: surrender allowed
before the blackjack dealer checks for blackjack.
Late Surrender: the blackjack
dealer first checks to see if he has blackjack. If he
does, surrender is not permitted.
Double Down: double your initial
bet following the initial two-card deal, but you can hit
one blackjack card only. A good bet if the blackjack
player is in a strong situation.
Even Money: cashing in your
blackjack bet immediately at a 1:1 payout ratio when you
are dealt a natural blackjack and the blackjack dealer's
showing card is a blackjack Ace.
Split Hand: split the initial two-card
hand into two and play them separately - allowed only
when the two first blackjack cards are of equal value.
Use each blackjack card as the start to a separate hand
and place a second bet equal to the first.
Hard Hand: A hand without a
blackjack Ace, or with an Ace valued at 1 is said to be
Hard in that it can only be given one value, unlike a
Soft Hand. (You can value an Ace 1 or 11 to suit you).
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