Understanding The ‘Even-Money Proposition’ In Blackjack
Most casino players who visit casinos to win the jackpot will gravitate towards the game tables love the game of blackjack. You can find both veterans and newcomers sitting elbow to elbow looking for ways to outsmart each other. The great thing about blackjack is that it doesn’t solely rely on luck. If you put your mind to it and study, you’ll discover that the game is not only entertaining but also can be quite cerebral and challenging. We must confess that it is not a game that’s easy to master. It takes an investment of both time and energy in order to study all the possible blackjack jackpot winning strategies and permutations. There are also rules, positions of playing and ethics. Things like the even-money proposition, the game variations and card counting. Only by mastering all of these can you look forward to making substantial paydays from casinos.
Learn Your Blackjack Strategies
Having said all of that, you should keep in mind that the game of blackjack is not just about the cold technical aspects. While seated at the games table it’s important to understand the table etiquette, manners and signals that all help contributes to the whole gaming ambience. Knowing some jackpot winning tips and tricks can make a huge difference to the gameplay. On a social level, it will also determine the type of welcome you’ll receive when you sit down. Only by understanding these basic rules will you be able to even find a suitable table to play at. We suggest that you go online and practice at a site like the excellent Bet365 Casino. It’s a great method for learning and they even have live dealer games, which will help improve your playing level no end.
Along with all the rules and strategies, there is another very important factor you’ll need to learn about. And that’s the even-money proposition in blackjack. Many players will say that this is a sure-fire win. And in some games, you may have heard the dealers and pit bosses say the same thing. But before you can win using the even-money proposition you need to learn about how to do so. That’s why here Jackpotfinder.com, we thought we’d take some time out to discuss the even-money proposition in blackjack. You’ll be able to see exactly how it works and if there’s any value in playing it.
What Is Even-Money In Blackjack?
Simply put, it’s a proposition that comes into play if after the hands are dealt, the dealer shows an Ace upcard. An example would be if you get a blackjack and you wager $20. Now the dealer shows that upcard and you immediately imagine that you have a reason to worry. At this point, you can ask for even money. This means that before the dealer takes a peek at their down-card, they will pay you $20 and withdraw your cards from the game. In this way, you’ll get $20 guaranteed, even if the dealer then hits blackjack.
How Does It Function In Blackjack?
On paper, this looks like an easy proposition to increase your jackpot winning chances. But it’s not quite as straightforward as it first appears. When you ask for even money, you have no idea whether the dealer is going to hit a blackjack. That means to say that if a dealer doesn’t hit blackjack you would win $30. But by accepting even money beforehand, you’ll only get $20. That means that there’s always a possibility that if you decline the proposition, and the dealer manages to hit blackjack, then you will have nothing to show for it. So you may ask, what are the chances of this happening? Well, let’s take a deeper dive into the even-money proposition odds.
As you know, blackjack is a 6 deck game. This means there are around 312 cards. Out of these, 96 are 10 + value cards. So that means if you hit a blackjack and the dealer shows an ace, then there are 309 cards left and out of them, there will be 95 value cards. Looking at the odds, this means that the chances that the dealer will have a 10 value card as a down card, is around 95:309. In other words, around 30%. In reality, this translates to the dealer hitting the jackpot about 30% of the time. But looked at another way, it means that they will not hit the jackpot around 70% of the time
The Even-Money Proposition: Is It Really Worth It?
Now we’ve looked into the percentages, you should have a better understanding of what it means when you decline the even-money proposition. Essentially it means that by declining, you have a 30% chance of ending up with absolutely nothing. These numbers also show us that you have the possibility to gain $30 about 70% of the time. These calculations show that the dealer has a chance of NOT hitting the jackpot around 70% of the time. So the real question is; are you smart enough to realise which will be more profitable for you in the long run? Remember that the casino is not going to be generous with you. The real offer here is a chance that the casino will take the $10 house edge at least 70% of the time. Over an evening this can add up to a considerable sum.
Conclusion: The Even-Money Proposition In Blackjack
Playing the even-money proposition may seem like a very low-risk method of insuring the safest option for your bankroll. Nevertheless, if you’re the type of person who wants to risk more, then we feel that the even-money proposition is probably not worth it. Playing over a longer period of time with the even-money proposition bet will cause the RTP to fall. This means that the house edge goes up by around an extra 2.7%. We suggest that you keep in mind this statistic before you choose this option for yourself. You can try out all sorts of blackjack bets, along with a huge number of game variations at Bet365 Casino. They will also give all new players a very nice welcome bonus of 100% up to £25 to help you get started.