Even money is a wagering proposition with even odds - the bettor stands to lose or win the same amount of money. Beyond gambling, even money can mean an event whose occurrence is about as likely to occur as not. Even money is also known as 50–50.

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In professional gambling, even money bets typically do not have odds that are indeed 50–50. Therefore, successful gamblers have to examine any bets they make in light of the odds really being even money.[1] For example, in roulette, betting on red or black is an even money bet. However, the presence of the green 0 and the 00 means that statistically the bettor will lose more than 50% of the time. There are variations of the game that offer en prison on 37 number tables so if a 0 is rolled, the bettor neither wins or loses but his or her bet rides again on the next roll; if the bet-upon event occurs on the second spin, the even-money wager is returned to the bettor. There still is not a 50-50 chance of winning, but a lot closer, since the house edge is reduced by almost 50%.[2]

In blackjack, even money bet is a side bet offered to a player that has a natural (an Ace and a ten-valued card) in case the dealer has an Ace as a face-up card. This bet costs half the size of the original bet. Even money bet protects the player from a push if the dealer has a blackjack. In case the dealer does have a blackjack, the player will push on the original bet and get a 2 to 1 payout on the even money side bet. However if the dealer does not have a blackjack, the player will be paid 3 to 2 on the original bet and lose the even money bet. Mathematically, requesting 'even money' on a natural on a table that pays 3:2 for a natural is the same as an insurance bet since the 50% bonus is being used to buy the insurance.[3]

References[edit]

Even money is nothing but a blackjack insurance in disguise, which in the long run will lead to giving up 4% of your winnings. Therefore this option is not a part of basic strategy, which is the optimal blackjack strategy to use based on the most profitable mathematical decisions. Blackjack even money Blackjack always take even money Like going over the two to a large cards, you use the las vegas's award-winning mob nursed a natural 21, which is the casinos change. Generally the study, you like in single round is particularly successful in blackjack appendix 9 and weigh the option. Carlson detaches himself.

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  1. ^'Poker, Gambling and Life, Caro on Gambling'. Archived from the original on 2007-03-07. Retrieved 2007-02-13.
  2. ^Roulette Systems?
  3. ^'Basic Blackjack Rules'. CasinoObserver.com. Retrieved 2013-03-01.
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Money

There is a betting option available to blackjack players known as even money. The process is simple. If the player is dealt a natural blackjack, as in their first two cards are summed to equal 21, and the dealers exposed card is an ace, the even-money bet is a form of insurance policy. You take even money if you believe the dealer also has a natural blackjack. If they do, then you simply keep your bet, nothing lost. If the dealer does not have blackjack then you win the bet 1:1. This means if you wagered $100 you would have won $100.

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The thing is, getting a natural blackjack pays 3:2 in most games. Therefore that $100 bet would have netted you $150 if you did not take even money. The risk is that if the dealer does indeed also have a natural blackjack then you would simply lose the bet. Its risk-reward, but more reward than risk as the odds of both you and the dealer having natural blackjack are very slim. You should rarely be taking even money.

When Can I Take Even Money In Blackjack?

With legal blackjack, even money is available when the player has blackjack and the dealer exposed card is an ace. The dealer will sometimes offer the player to take even money. The process is an insurance policy on your bet, making you lose nothing if the dealer also has blackjack but gain little if they do not. It is honestly up to the player if this strategy is worth it or not.

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Should I Take The Even Money Payout If I Have Blackjack?

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There is no reason to take the even money unless you truly feel the dealer also has blackjack. When you have blackjack natural, as in from your first two dealt cards, and you see the dealer exposed card is an ace, then you have the option to take even money. What this does is give the player the opportunity to immediately double their bet without consequence if the dealer doesn’t have blackjack and also you keep your bet if the dealer does have blackjack.