What Does Insurance Mean In Blackjack – Casinos don’t cheat, at least not the reputable ones, because they don’t have to. Every casino game is designed so that the house wins more than it loses in the long run, so there’s really no need to cheat.
Of course, casinos want to maximize their profits, but given the strict surveillance they are under, why risk messing up a good thing they have if they are trying to make an extra profit? It is illogical.
What Does Insure Mean In Blackjack
A well-known deceptive practice is to offer a game that at first glance plays with one or two decks, when in reality it is something completely different.
What Does Insurance Mean On Blackjack
A dealer in a portable game typically has one or two decks in his hands and deals the cards. Sometimes, though, if you look closer, you’ll notice a shuffling machine holding a deck of cards and the dealer is actually pulling out one or two decks of cards and dealing them. When they run out, the dealer returns them to the machine and pulls again.
This is not a game of one or two decks, but rather a game of 4 or more decks in disguise. And as we know, the greater the number of decks, the greater the house edge grows.
Some games offer blackjack payouts 2 for 1. How cool! Read again. It says 2 for 1, not 2 for 1. Two for one is just another way of saying even money. This means that by winning the hand, you will get back double your original bet (if your bet was $100, you will receive a total of $200: your original bet plus the $100 won, in other words, even money). This rule is most often used in blackjack machines, but it can also be seen in some live tables.
In comparison, a 2:1 payout (2 to 1) means you will win double your initial bet, plus the initial bet. Let’s say you bet $100. If the payout is 2 to 1, you will win $200 and get your initial bet for a total of $300.
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This rule follows the same logic as the standard 3:2 payout, where you win three dollars more for every two dollars bet. For example, betting $100 will win you $150 plus the original bet of $100 for a total of $250.
Therefore, a 2:1 payout is the best offer for the player, but casinos tend to use it only as a promotion. Then comes the standard 3:2 payout and then comes rules that are very disadvantageous for players, such as 2 for 1 and 6:5.
The 6:5 payment is another trick that some casinos try to employ, relying on people who do not know how to do simple calculations. A 6:5 payout pays the player six dollars for every $5 bet. For example, a $100 bet will win you $120, instead of $150 with the standard 3:2 payout. Play a 6 payout game : 5, you lose 60% of the blackjack payout bonus that traditional games offer you.
At first glance, this may not seem like a big deal, but it really is. A 6:5 payout triples the house advantage over the player and is actually much worse than playing the more player-unfriendly 8-deck game with a 3:2 blackjack payout.
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Another attempt by the casinos to significantly increase their advantage over the players is to offer games to a plan in which the cards are shuffled once the entire deck has been used. The problem is that these games also pay the same money as blackjack, which adds more than 2% to the casino edge.
We have already explained earlier in our guide that “insurance” is not insurance at all, but rather a simple side bet that does not represent any advantage for the basic strategy player, on the contrary. And so the “even money” option, which is basically the same as insurance when the player has a blackjack. Never go for insurance even for money unless you are an experienced card counter and have seen a favorable advantage.
It is somewhat illogical for a casino to cheat and risk ruining its reputation for additional profits. After all, casinos will always be ahead in the long run because of the way their games are designed; All they need is a steady flow of players to generate those profits.
However, the possibility of malpractice in casinos always exists, regardless of whether it is a policy established by the management or the actions of individual sellers aimed at meeting the objectives.
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One thing you should keep in mind is that the introduction of a new deck or cards is done in front of all the players and is clearly visible. The cards must be placed face up, one deck at a time, so that the players are sure that these are not tricks. If the players do not have the opportunity to examine the newly introduced decks, they had better leave this casino. If the pit master approaches the table to examine the cards during the game, he must also do so so that all players can clearly see what is happening; Otherwise, you too will have to leave the Casino.
Also, watch out for salespeople making unusual hand movements. One of the most common cheating practices is to check what is the next card in the deck, and if it is something good (usually an Ace or a card of value 10), the dealer did not deal this card, but will pull that one down. . and save the first one for him or someone specific at the table.
You have to pay attention to the movements that the dealers make, such as checking their wrist watch or holding the cards with their thumb on the deck. This allows dealers to see the value of the top card by doubling or sliding the top card and dealing the second.
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The insurance bet is a bet that the dealer has a blackjack. It is a side bet offered only when the dealer’s starting card is an Ace. You need to bet half of your initial bet and if the croupier actually has a blackjack, your bet wins at 2:1 odds.
While “insurance” may seem like you are insuring, protecting or increasing the odds of your initial bet, it has nothing to do with it. That’s a completely different bet. You bet that the dealer has a 10 as a hole card, which may or may not help you break even.
Blackjack insurance is offered for a limited time after the dealer shows an Ace. Here’s how it works:
Let’s say you secure a bet of £10. This means you make an additional £5 bet on the dealer’s hand. Therefore, it is possible that one or two bets will be lost. There are 3 scenarios:
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The main objective of blackjack insurance is to meet. However, most players accept this bet for one of two reasons:
Sometimes players are insured through confusion, faulty reasoning, or a complete lack of statistical training. You cannot do without a good knowledge of the game if you want to have a chance of success playing blackjack.
For example, players are expected to be deceived by the name of the bet and do not understand the rules and the meaning of blackjack insurance. Conceptual confusion can lead to some stupid mistakes, and using insurance as a betting strategy in itself can drain your funds.
Beginners will secure a pair worth 20 points instead of 7 soft ones. They may believe that such a hand gives them a strong position. So, they take insurance. In fact, he is strong because he is close to 21, but he is not someone who can guarantee.
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Remember, it doesn’t guarantee anything. You bet that the dealer’s hole card has a value of 10. When you have two 10-point cards, the last thing you want to do is bet that the dealer has another one. Even more when you consider that the house edge for this bet is close to 6%.
The fact that you have 2 of them significantly reduces the probability that the dealer has a 10 hole card.
Overall, the dealer has a 33% chance of getting blackjack. With every 10 that is placed in play, your blackjack chances decrease and your chances of winning insurance decrease as well. Therefore, this betting model is not one to follow.
Card counters can modify this side bet in their favor. They can benefit from this by applying different strategies to discern when a 10 or a figure is imminent. If you do a little research on the subject, you will see that many use the Hi-Lo system.
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The Hi-Lo system assigns a value to each card to facilitate card counting. Cards 2 through 6 receive a value of +1. 7, 8 and 9 have a value of 0. Cards from 10 to the King have a value of -1. You must focus on the table and add or subtract the corresponding number. Depending on the sum of the current count, the players take different paths of action in the game, e.g.