Is Even Money the Same as Insurance in Blackjack?

In blackjack, even money is when a player is dealt a natural 21 and the dealer has an Ace showing. The player is paid 1-to-1 on their bet instead of the usual 3-to-2.

This option is available on most online blackjack tables and in land-based casinos.

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PRO TIP:When playing blackjack, even money is not the same as insurance. Even money is when a player gets 1:1 payout on their original bet if the dealer has a blackjack. Insurance is when a player bets an additional amount in order to protect their original bet against the dealer having a blackjack.

So, is even money the same as insurance in blackjack?

The main difference between even money and insurance is that even money pays out immediately if the player wins, while insurance pays out if the dealer has a blackjack. Insurance can be bought for half of the player’s original bet and pays 2-to-1 if the dealer has a blackjack.

Even money is a good option for players who want to avoid taking insurance, as it offers the same payout if the player wins. However, it’s important to remember that even money only pays out when the player has a natural 21 – if the player hits 21 with more than two cards, they will only be paid 1-to-1 on their bet.