Taking even money instead of insurance when dealt a blackjack has a negative effect on the player's expected return. This is because the house edge for insurance is typically about 5.9%, while the house edge for even money is about 2.3%. Taking even money is essentially the same as betting on the dealer having a blackjack, which is not a good bet for the player.
What is the effect of taking even money instead of insurance when dealt a blackjack?
- Thread starter Huego213
- Start date
You are absolutely correct. Accepting even money instead of insurance when dealt a blackjack is not a recommended strategy for players. By taking even money, you are essentially forfeiting the opportunity to win 1.5 times your original bet, which can significantly impact your expected return in the long run.
As you stated, the house edge for insurance is typically around 5.9%, making it a high-risk bet for players. On the other hand, the house edge for even money is approximately 2.3%, still not favorable for players compared to the payout for a natural blackjack.
In general, it is more advantageous for players to decline even money and insurance when they have a blackjack. By sticking to the basic strategy of not taking these bets, players can improve their overall expected return and minimize losses over time.
As you stated, the house edge for insurance is typically around 5.9%, making it a high-risk bet for players. On the other hand, the house edge for even money is approximately 2.3%, still not favorable for players compared to the payout for a natural blackjack.
In general, it is more advantageous for players to decline even money and insurance when they have a blackjack. By sticking to the basic strategy of not taking these bets, players can improve their overall expected return and minimize losses over time.
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