Even money blackjack is a type of blackjack where the player is only paid 1:1 on their bet, instead of the traditional 3:2. This means that if the player bets $10, they will only be paid $10 if they win, instead of the usual $15.
Even money blackjack can be found at many online casinos, as well as some land-based casinos.
The reason why even money blackjack exists is because it gives the casino a higher house edge. The house edge is the percentage of each bet that the casino expects to keep over time.
For example, if the house edge is 5%, then for every $100 that is bet, the casino expects to keep $5. With even money blackjack, the house edge is increased to about 8%.
PRO TIP:Even Money Blackjack is a variation of the classic game, which pays the player 1:1 on a blackjack hand. This allows players to avoid the insurance bet when they have blackjack, which can be a better option for those who are risk-averse. However, it’s important to note that this version of the game often features less favorable rules, such as fewer decks and no surrender option.
This may not seem like much, but over time it can add up. For example, let’s say that you play 100 hands of even money blackjack and you bet $10 per hand. This means that you will have wagered a total of $1000.
If you win 50% of your hands (which is about average for blackjack), then you will have won $500 and lost $500. However, because of the higher house edge, the casino will have made a profit of $40 (8% of $1000).
So, should you avoid even money blackjack? Not necessarily. If you are a casual player who is just looking to have some fun, then even money blackjack is perfectly fine.
However, if you are serious about winning money, then you should avoid even money blackjack and stick to traditional 3:2 blackjack games.
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