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Blackjack insurance is a side bet given to a player if the dealer’s card is an ace, as insurance on the dealer’s hand is ‘blackjack’. Blackjack insurance odd pay at 2/1 and the maximum bet allowed is usually half of a major player’s bet. In blackjack, the house edge is 3:2, so you will earn $150 on your primary wager and lose $50 on your insurance bet if you hit a blackjack. Despite this, you will get $100 in compensation. Both you and the dealer will have 21 points on your cards. Insurance: on average, when the dealer has an ace up, the remaining cards in blackjack will be 30. 87% tens (based on a six-deck game), making insurance a bad bet. However, if the probability gets above 33. 33%, it becomes a good bet. Counters know when the remaining cards are ten-rich, and make powerful insurance bets at those times. In other words, if you bet the maximum of $5 insurance on a $10 bet and the dealer has a 21, you’ll push on the blackjack, but win 2-1 on your insurance. So you’d be up $10. However, if you take the insurance and the dealer doesn’t have a blackjack, you’ll lose your $5 bet and win 2-1 on your blackjack ($15) for a total of $10. The simplest and best blackjack strategy for insurance is simply to always say no if you’re playing for real money. At between 4-8% on average (and as high as 14% if lots of tens have already come out), the house edge compares poorly to the very competitive house edge of blackjack itself. Blackjack (formerly black jack and vingt-un) is a casino banking game. If the dealer has a blackjack, insurance pays 2 to 1
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The difference is that in the 3:2 payout, the player gets paid $3 for every $2 that he bets on a winning blackjack hand whereas, in the 6:5 payout, the payment is $6 for every $5 bet, which makes the odds 1. Although it appears to be a minor difference, it has a significant effect on the expected outcome for the player. Blackjack insurance is a side bet given to a player if the dealer’s card is an ace, as insurance on the dealer’s hand is ‘blackjack’. Blackjack insurance odd pay at 2/1 and the maximum bet allowed is usually half of a major player’s bet. The house edge increases accordingly. The dealer is allowed to sneak a peek at the hole card and the dealer wins if he/she has 21 or blackjack. Late surrender and insurance are permissible. 37%] european blackjack – 2 decks of cards are used in european blackjack games. Each of the first 2 cards dealt to the player is face up. Losing blackjack insurance bet. Your original bet is still $10. This time you get an 8 and a 10. The dealer again shows an ace. Blackjack insurance is still $5, at half your original wager. The dealer turns over a non-ten, like a 4. Your $5 insurance bet is lost. The dealer’s hand plays out, hopefully not beating yours. Insurance is the act of protecting your hand against the possibility that the dealer has blackjack. In a game of 21, a blackjack by the dealer means an immediate loss for the player. Whenever a dealer shows a 10, the first thing he will do after dealing the cards is check his hand for a blackjack. Insurance: on average, when the dealer has an ace up, the remaining cards in blackjack will be 30. 87% tens (based on a six-deck game), making insurance a bad bet. However, if the probability gets above 33. 33%, it becomes a good bet. Counters know when the remaining cards are ten-rich, and make powerful insurance bets at those times
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