When insurance bet is worthy ?
October 29th, 2012 at 6:22:52 AM
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I just found an online 4 deck blackjack game where the insurance bet pays out 11 to 5. And since this is better than the usual 2 to 1, it made me think from what odds on and up the insurance bet would become a +EV proposition in case of not being able to count cards?
October 29th, 2012 at 6:38:10 AM
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The simple math (i.e. infinite deck) says that when it pays 13 for 4 (or 9 to 4) then it's got no house edge.
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October 29th, 2012 at 8:39:17 AM
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Quote: DJTeddyBearThe simple math (i.e. infinite deck) says that when it pays 13 for 4 (or 9 to 4) then it's got no house edge.
Thank you DJTeddyBear, but I think I did not understand very well, 13 for 4 is 3.25 to 1 and 9 to 4 is 2.25 to 1, which one is it ?
October 29th, 2012 at 8:47:43 AM
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Quote: PlayHunter...13 for 4 is 3.25 to (sic) 1 and 9 to 4 is 2.25 to 1...
Here's a example to help one understand the difference between "for" and "to": In a regular blackjack game, insurance pays two TO one, which is exactly the same as three FOR one.
October 29th, 2012 at 8:54:43 AM
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Thanks ChesterDog, very clear to/for me now. :-) And thanks again DJTeddyBear, sorry for my misunderstanding but am glad I asked.
