Even Money Count
Blackjack pays out 3:2, so you would only take "even money" if the count is high enough to warrant taking Insurance, because they're essentially the same thing... right? I'm having a hard time wrapping my head around it, so I want to make sure I'm thinking about it right.
Also, has anybody heard of taking "even money" AND insurance? If the count is high enough, it would make sense to do both if they're both offered, right?
Quote: limey250I mostly play at my local casino, so I'm not sure if it's offered everywhere else, but if you have Blackjack and the dealer is showing an Ace, you can claim "even money" and just take that amount instead of playing out the hand and possibly pushing.
Blackjack pays out 3:2, so you would only take "even money" if the count is high enough to warrant taking Insurance, because they're essentially the same thing... right? I'm having a hard time wrapping my head around it, so I want to make sure I'm thinking about it right.
Also, has anybody heard of taking "even money" AND insurance? If the count is high enough, it would make sense to do both if they're both offered, right?
You got it. It's the same thing. Taking even money speeds up the game. In the old days you had to go through the motions but no longer. Take insurance or even money at Hi-Lo +3. No, you cannot take both but I like the way you think. :-)
Quote: 1BBYou got it. It's the same thing. Taking even money speeds up the game. In the old days you had to go through the motions but no longer. Take insurance or even money at Hi-Lo +3. No, you cannot take both but I like the way you think. :-)
And it's okay if you forget this index, because it's the only one you can calculate with pen and paper! Out of curiosity, I dusted off the old algebra skills and worked out a formula for the exact insurance index I for N number of decks (with one ace removed). I'll put it in the below 'Spoiler' if any of you want to take a crack at it.
Quote: limey250I mostly play at my local casino, so I'm not sure if it's offered everywhere else, but if you have Blackjack and the dealer is showing an Ace, you can claim "even money" and just take that amount instead of playing out the hand and possibly pushing.
Blackjack pays out 3:2, so you would only take "even money" if the count is high enough to warrant taking Insurance, because they're essentially the same thing... right? I'm having a hard time wrapping my head around it, so I want to make sure I'm thinking about it right.
Also, has anybody heard of taking "even money" AND insurance? If the count is high enough, it would make sense to do both if they're both offered, right?
Just want the throw in a little trivia for you here. I don't know if you ran the numbers or just haven't noticed but even money is the 100% equivalence of insurance ;]
Think of it like this
Insurance is .5 of your initial bet, if you take even money it is the equivalence of insuring your blackjack because you would have moved forward .5 of your bet then if the dealer has blackjack (which is what you are assuming when taking even money) you would win the initial bet and push your hand. So "even money" was the phrasing casinos made up to insure your blackjack without having to move the chips.
The theory was if you moved the chips forward and the dealer had blackjack they would push your bet but pay you out the insurance (which is a 1.0 AKA even money) or if you did insure it and the dealer didnt have blackjack you just lost a .5 bet and then won a blackjack of 1.5 which is 1.5-.5 - 1.0 aka the same exact shit as EVEN MONEY except now the dealer just wasted an extra 15 seconds going through all that to take your chips and pay you out which now costs the casino money because time is money :]
Just thought that would be some trivia for the people who aren't so mathematical and don't see everything in numbers! Best of luck everyone.
