Even money blackjack is one of these bets and it is also quite an interesting one: You can use it if you have a natural 21. In other words, it becomes available right after you get the best possible hand in the game. Some players think that it is a good bet because a payout is guaranteed, and some think it causes a loss in the long run.
So, who is right? Should you take even money in blackjack? Is there a specific blackjack even money rule you need to learn? We will answer all these questions in this article, and we will start with the obvious one: what is even money in blackjack?
What is even money in blackjack?
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How does even money work in blackjack?
Let’s explain how blackjack even money works step by step so you can get a better understanding.
1. You can skip the blackjack even money bet and keep playing
If you go with this option, you can win or lose the game. In fact, as long as the dealer does not have 21 points, you win the game – you already have the best hand possible. However, if the closed card of the dealer is a 10, he will also have 21 points and this is called a push, as we mentioned above. In this scenario, you get your initial wager back – no profits.
2. You can take the blackjack even money bet
If you go with this option, the game immediately ends, and you win. Blackjack payouts for this scenario are simple: You simply double your wager, which is why it is also called blackjack double down even money. So, for example, if your initial wager is 10 EUR, the payout will be 20 EUR.
Insurance bet vs even money in blackjack: What is the difference?
If you are playing blackjack for real money, you are aware of the insurance bet. It gives you “insurance” in case the dealer has 21. The main features of the insurance bet are:
➤ If the dealer’s up card is an Ace, you can place this bet. The most important thing to know here is that the insurance bet is independent of the actual bet. So, for example, if you bet 10 EUR for the game, you have to place another 5 EUR for insurance and therefore invest 15 EUR in total.
➤ If the dealer’s closed card is a 10 (i.e. his hand is worth 21 points) you will lose the game, but your loss will be reduced as the insurance bet pays 2:1. For this bet, you have deposited 5 EUR, so the payout will be 10 EUR. Your total investment was 15 EUR – so your loss was limited to 5 EUR. If you hadn’t taken the insurance bet, you would have lost 10 EUR.
This information is, in fact, enough to explain the difference between insurance and blackjack even money bets:
Is even money a good bet in blackjack?
So, is it better to take even money at blackjack? The short answer is no, you should not take this bet. The long answer is still no, but you may consider taking it if there are some specific conditions. Let’s take a closer look at both scenarios.
Why to never take even money in blackjack?
No advanced blackjack strategy (not even blackjack tips) includes even money blackjack bets and there is a reason for that: It increases the house edge in the long run. And this is for a remarkably simple reason: In a blackjack single deck casino game, it is unlikely that both you and the dealer will get Ace and 10 cards at the same time.
2 Aces in blackjack at the same time is already a low probability, if you add two 10’s at the same time and put all these combinations together on the same hand, this probability will be even lower. Mathematically speaking:
As a player, you do not want the house edge to increase: Whether you are playing live blackjack or regular blackjack, ideally the house edge should always stay below 1%. Otherwise, you will win less and lose more in the long run. Therefore, it is best to decline the blackjack even money offer, unless the situation requires it.
When to take even money in blackjack?
So, what kind of situation can require taking the blackjack even money offer?
FAQ: Your questions on even money blackjack answered
Use the right even money blackjack strategy & win big
We explained the right strategy for blackjack even money bets: Avoid them at all costs unless you are sure that the dealer has a 10. You can test this strategy and see for yourself right now: Just pick one of our recommended online casinos, pick a game, and place your first even money blackjack bet. Play other games without using this bet and compare the results: You can thank us later! We will always be here continuing to guide you along your blackjack journey. As always, we wish you good luck!