# EVEN-MONEY BLACKJACK — LUCK OR MATHEMATICS?

Did you know that the probability of the dealer having a blackjack when their upcard is an ace is less than one in three? In the exciting world of blackjack, understanding the concept of even-money can greatly impact your gaming experience and, potentially, your winnings.

This article will guide you through the ins and outs of the even-money option and help you determine whether to rely on luck or mathematics when making decisions at the table.

## WHAT IS EVEN-MONEY IN BLACKJACK?

Even money‘ is a term used in blackjack to describe a specific betting scenario that occurs when a player has a blackjack, and the dealer is showing an ace. In this situation, the dealer may offer the player an even-money payout. But what does this mean, and how does it affect your even-money strategy?

A blackjack is the best possible hand a player can have, consisting of an ace and a 10-value card (a 10 or face cards like jack, queen and king), which add up to a total of 21 points exactly. Typically, when a player has a blackjack, they receive a payout of 3:2 on their original stake. This means that if blackjack players bet €10, they would win €15.

However, when the dealer’s upcard is an ace, there’s a chance they could also have a blackjack, which would result in a push. A push is a tie between the player and the dealer, where neither party wins and the original wager is returned to the player. To avoid the possibility of a push, the dealer offers the player an even-money payout.

This allows the player to receive a 1:1 payout on their original wager, regardless of whether the dealer ends up having a blackjack or not. For example, if a player wagers €10 and accepts the even-money option, they would win €10. This guarantees a win for the player, but it comes at the cost of a potentially higher payout if the dealer does not have a blackjack.

The decision to accept even-money is an important one, as it can impact your overall strategy and potential winnings in later stages. In general, the odds favour the casino. This is because the probability of the dealer having blackjack is less than one in three, making it more likely that you would win more by sticking to the standard 3:2 payout.

Understanding this concept is essential for making informed decisions and maximising your chances of success. By learning when to accept or decline the even-money option, you can improve your overall strategy and increase your potential net profit over time.

## HOW TO PLAY BLACKJACK FOR EVEN-MONEY?

Explore the process of playing blackjack with the even-money option, and understand the crucial factors that affect what you might decide to do next. Read on to gain insight into the importance of mathematics versus luck in determining your chances of success.

### PLAYER VS. DEALER. WHO HAS MORE CHANCES?

When you play blackjack, the main goal is to have a higher hand value than the dealer without going over 21. To decide whether to take even-money or not, you need to think about the chances of the dealer having a blackjack.

If the dealer is showing an ace card, their hole card would have to be a 10-value card to make a blackjack, including a 10 or face cards. There are 16 cards with a value of 10 in a standard deck of 52 cards. This means that there is a little more than a third chance the dealer will have a blackjack.

If you think that the dealer has a higher chance of getting a blackjack, you might want to take the even-money option.

However, if you use mathematics and not just luck, you can see that the dealer has less than a one-in-three chance of having a blackjack. This means that, over time, you will win more by not taking even-money.

When playing blackjack, it’s important to remember that even-money is a side bet, and it’s separate from your main strategy. Using mathematics and a basic strategy can help you make better decisions when you play at a blackjack table and increase your chances of winning.

So, it is better to rely on mathematics rather than luck when it comes to even-money blackjack.

## EVEN-MONEY BLACKJACK HAND

An even-money blackjack hand occurs during a specific situation in the game when a player has a blackjack, and the dealer’s upcard is an ace. A blackjack hand consists of an ace and a 10-value card, which add up to a total of 21 points. This is the best possible hand a player can have in blackjack, and it typically pays out 3:2, meaning that if you bet €10, you would win €15.

When the dealer’s upcard is an ace, there’s a chance they could also have a blackjack hand. To protect your initial bet and secure a win, the dealer may offer you an even-money payout.

This side bet allows you to receive a 1:1 payout on your initial bet, regardless of whether the dealer ends up having a blackjack or not. So, if you bet €10 and take even-money, you would win €10.

While taking even-money can seem like a safe choice, it’s essential to understand the implications of this decision. If you accept even-money, you are giving up the potential for a higher payout (3:2) in exchange for a guaranteed win (1:1).

Most players might think it is safer to assume that the dealer’s hole card is a face card, but over time, it can lead to decreased net profit. The chances of the dealer having a blackjack are less than one in three.

To make the best decision in an even-money blackjack situation, it’s important to rely on mathematics and a basic strategy rather than just luck. By understanding the probabilities involved and making informed choices, you can increase your chances of winning and maximise your net profit.

Additionally, it’s crucial to remember that even-money is a side bet, separate from your main game strategy. Focusing on your overall blackjack strategy and using a math-based approach can help you make better decisions throughout the game, not just in even-money situations. Remember to play responsibly no matter what.

## ARE EVEN-MONEY AND THE INSURANCE BET THE SAME?

When you play blackjack, and the dealer’s face-up card is an ace, you might be offered even-money or an insurance bet. While these two wagers might seem similar, there are differences and similarities between them that you should understand before you sit at a blackjack table.

### DIFFERENCES

Even-money and insurance have some key differences. Even-money is offered when you have a blackjack hand, and the dealer is showing an ace facing up. If you take even-money, you get paid 1:1 on your inital bet, regardless of whether the dealer has blackjack or not. This option helps you secure a win but may not maximise your profits in the long run.

On the other hand, while insurance is a side bet that you can take when the dealer has an ace upcard, you will be offered insurance regardless of whether you have a blackjack or not. The insurance bet is equal to half of your original bet and pays 2:1 if the dealer has a blackjack. If the dealer doesn’t have a blackjack, you lose the insurance bet but can still play your original hand.

### SIMILARITIES

Both even-money and insurance bets share some similarities. Both bets involve making a decision when the dealer has an ace upcard and are considered side bets separate from your main game strategy. Additionally, both bets serve as a way to protect your original bet against the possibility of a dealer blackjack.

However, it’s important to remember that taking insurance or even-money options is generally not recommended for basic strategy players who want to maximise their winnings using a math-based approach. In both cases, the chances of winning favour casinos and taking these bets may cause them to lose money in the long run.

## ORIGINAL BET AND CHANCES OF WINNING

In blackjack, your original bet plays a significant role in determining your chances of winning. When you’re dealt blackjack, and the dealer shows an ace, you might be tempted to take the even-money strategy to secure a win. However, understanding the odds and making decisions based on mathematics can help you maximise your net profit in the long run.

When you don’t take even-money, and the dealer doesn’t have a blackjack, you get paid 3:2 on your original bet. If you consistently make this decision, over time, you are more likely to win than if you were to take even-money. By focusing on the bigger picture and calculating the odds, you can make better decisions that can lead to increased profits.

It’s essential to remember that blackjack is a game of skill as well as luck. Using a well-thought-out money strategy can help you make the right choices and, ultimately, increase your chances of winning. So, if the dealer asks whether you want to take this option or not, put your blackjack skills to good use and reject that offer!

## BEST TIPS FOR PLAYING EVEN-MONEY BLACKJACK

Discover essential tips for boosting your success in even-money blackjack situations. Learn how to make informed decisions and improve your overall game strategy as you play at the table.

• Understand The Odds

Familiarise yourself with the probabilities of various outcomes in blackjack, including the likelihood of a dealer’s upcard leading to a blackjack. This knowledge will help you understand the bigger picture and ultimately make more informed decisions about whether to take this option.

• Use A Basic Strategy

A basic blackjack strategy can guide you through various situations in the game. This helps you make better decisions and minimise the house edge.

• Avoid Relying On Luck

While luck plays a role in blackjack, it’s essential to make decisions based on mathematics and strategy. This will increase your chances of winning over time and prevent you from placing a bad bet again and again.

• Be Disciplined With Your Bankroll

Set a budget for your gambling session and stick to it. This will help you avoid chasing losses and prevent you from losing more money than you can afford. Earning a good net profit is always great, but you must protect your funds and control your gambling no matter what. Blackjack, like other games, never guarantees a win, so you never know what might happen.

Pay attention to the decisions you make during the game and evaluate them afterward. This can help you identify patterns and improve your overall blackjack strategy and blackjack skills.

• Strike The Right Balance

Striking the right balance between luck and mathematics is crucial when playing even-money blackjack. By understanding the probabilities involved and employing a solid strategy, you can make the most out of every hand.

## CONCLUSION — EARN LUCK IN A GAME OF BLACKJACK

Betting at a blackjack table will keep you on the edge of your seat. Not only is blackjack fun to play, but it definitely gets those cogs turning — one of the many reasons why it is found at most casinos.

Boosting net profit is always on punters’ minds, so most players assume that when a casino offers insurance or even-money, they should take it, thinking they stand a better chance against the dealer’s downcard. This is not the case, however.

That said, whether you decide to buy insurance or take even-money, you must always play responsibly. Check out LV BET’s wide collection of tables — there’s a reason why we’re one of the best casinos in the industry!

## FAQ

### ✅ IS IT WORTH ACCEPTING EVEN-MONEY IN A GAME WITH A DEALER?

Accepting this option can be tempting, as it guarantees a payout. However, it is generally not recommended to accept even-money, as the odds favour casinos. In the long run, you are more likely to win more money by not taking this option and sticking to a math-based strategy.

### ✅ DOES AN EVEN-MONEY BET PROTECT A PLAYER FROM A PUSH?

Yes, an even-money wager protects a player from a push. A push occurs when both the player and the dealer have a blackjack. If the player accepts even-money, they get paid 1:1 on their original bet regardless of whether the dealer has a blackjack or not. However, this protection comes at the cost of potentially losing money in the long run.

### ✅ IS IT WORTH INSURING YOUR BET WHEN PLAYING FOR EVEN-MONEY?

You will be offered insurance when the dealer shows an ace upcard. It allows you to protect your original bet in case the dealer has a blackjack. However, just like with even-money, insurance bets are generally not recommended, as the odds favour the casino.

Using a math-based approach, you can increase your chances of winning by not taking insurance.

### ✅ WHEN DOES THE BLACKJACK EVEN-MONEY PAY OUT?

Blackjack even-money payouts occur when you have a blackjack and the dealer shows an ace upcard. If you accept even-money, you get paid 1:1 on your original bet immediately, regardless of whether the dealer ends up having a blackjack or not.

### ✅ IS THE HOUSE EDGE ALWAYS GREATER THAN THE PLAYER’S ADVANTAGE?

The house edge is the percentage of each bet that the casino expects to keep over the long run. In blackjack, the house edge can vary depending on the specific rules of the game and the strategy used by the player.

By adhering to basic blackjack strategy, you can minimise the house edge and increase your chances of winning. However, it is important to remember that, imost casinos still retain a slight edge.

If you’re a card counter, you might assume that this can be further reduced, but bear in mind that card counting is banned at many online casinos.