Here's another fact about even money that most players don't know: Taking even money when you have a blackjack and the dealer shows the Ace is the same as taking insurance on the blackjack. Suppose you bet $20 and get the blackjack, but the dealer happens to have an Ace upcard. If you want insurance, you make a $10 insurance wager (half your bet).
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Let’s explain how blackjack even money works step by step so you can get a better understanding. Step 1. The game starts, you get an Ace and a 10. Step 2. The dealer gets two cards for himself, the open one (face card) is an Ace and you cannot see the other one yet. Step 3.
Win $15. —. Win $15. Notice that if you always insure your blackjack (possible outcomes 1 and 2 above), you always win even money regardless of the dealer’s outcome on her hand. This is why casinos have reverted to the “even money” proposition when a player has a blackjack hand and the dealer’s upcard is an ace.
Even Money In Blackjack - Taking Even Money With A Blackjack. There is a betting option available to blackjack players known as even money. The process is simple. If the player is dealt a natural blackjack, as in their first two cards are summed to equal 21, and the dealers exposed card is an ace, the even-money bet is a form of insurance policy.
The answer is: NEVER TAKE THE EVEN MONEY ON YOUR BLACKJACK. Here’s why: When the dealer has an Ace showing, you’re going to PUSH approximately 30.74% of the time. Also consider that you will have a blackjack approximately 6.4% of the time when the dealer shows an Ace. Without taking the even money, you’ll get the 3 to 2 payout 69.26% of ...
Far better, you might think, to ask for even money and guarantee your profit. Wrong. Average these eventualities, and you will find your blackjack hand is worth around 1.04 units. So, if you stake $10, your blackjack hand expected profit value in the long term, at least when the dealer upcard is an ace, is $10.40.
The selling point of even money in blackjack is that you’re going to win no matter what. This post explains the fallacy behind thinking that insurance (or even money) is a good idea when playing blackjack. How Even Money Works in Blackjack. Even money works when you’ve been dealt a natural, a two-card hand that totals 21.
It follows that when you insure your hand, you end up winning even money 30.7% of the time. If you decline insurance, 30.7% of the time your blackjack will push with that of the dealer so you neither win nor lose anything. The remaining 69.3% of the time, you stand a better chance of winning 1.5 times your initial bet.
Most casinos don't offer even money on blackjacks in 6-5 games for exactly the reason that you describe. At a regular 3-2 table, even money is precisely what you would be paid regardless of whether or not the dealer has a blackjack. So it speeds up the game from the house perspective. But in a 6-5 game, there would be a player advantage from ...