even money in blackjack title image

Winning big at blackjack? Lucky you! This guide will teach you all about “even money” in blackjack. Get that edge over the house. Read on. Master your chances of winning with even money!

Five Things You Must Know About Even Money

  • ✅ Even money means the player is offered a 1:1 payout when they have a blackjack, and the dealer has an Ace showing.
  • ✅ Accepting even money is essentially taking insurance on your blackjack hand.
  • ✅ Accepting even money when the dealer has an Ace showing is generally not recommended as statistically, it is better to decline the offer and risk a push.
  • ✅ Casinos offer even money to prevent significant payouts to players with blackjacks when the dealer also has an Ace showing.
  • ✅ Experienced blackjack players often decline even money to maximize their potential payout and reduce the house’s edge.

ten and ace cards

What Is Even-Money

It’s a side bet offered to players with a blackjack (an Ace and a ten-valued card) when the dealer has an Ace in face cards. This bet costs half the original and protects the player from a push if the dealer has a blackjack.

Here’s how it works: if the dealer does have a blackjack, the player will push on the original bet and receive a 2 to 1 payout on the even money side bet. But if the dealer doesn’t have a blackjack, the player will be paid 3 to 2 on the original bet and lose the even money bet.

It’s important to note that mathematically, requesting even money on a natural table that pays 3:2 for a natural is the same as an insurance bet since the 50% bonus is used to buy the insurance.

So, while taking the even-money bet may seem like a good idea, it’s not always the best move.

As a blackjack player, it’s crucial to understand the odds and different strategies to increase your chances of winning.

And when it comes to even money bets, it’s important to weigh the potential risks and rewards before deciding.

So, next time you hit the blackjack table, keep even-money in mind but remember to play smart and use your best judgment.

Become a master of the odds, payout ratios, and house edge when making decisions in blackjack. Whether to accept even money should be based on risk tolerance, skill level, and the dealer’s upcard.

Tip: Practice rules, strategies, and math before playing blackjack. It can improve your chances of winning and more profit.

pair of aces

The Even-Money Proposition

“The Even-Money Proposition”!

Get it? That’s what this article is about. Even-money bets in blackjack.

Knowing when to take one of these can help you with your losses and make you win more!

Scenarios where Even Money comes into play

Even Money bets can seem like a sure thing in blackjack. They offer a 1:1 payout and act as insurance against the dealer’s blackjack.

This is when the dealer has an Ace upcard, and the player has a natural blackjack (two-card hand worth 21).

Taking a bird in the hand can be tempting, but it has a higher house advantage.

Mathematically, players will lose more than a third of the time if they choose this option. Some tables even have signs advising players not to make Even Money bets.

Understanding the odds, payoffs, and average winnings in blackjack can help make more informed decisions.

There’s no guaranteed way to win at gambling, but strategic betting can lead to better results.

Thumbs down and thumbs up

Pros And Cons of Taking Even Money

Even money is when the dealer has an ace showing, and the player has blackjack. It means the player gets their winnings instantly, without waiting for the dealer to peek.


The advantage of even money is that you’re guaranteed a win. Plus, it’s a smart wager for the long term, since declining the offer leads to a 69% win rate.


The downside is that experienced players and pit bosses consider it a bad bet. It pays nothing more than the original wager.

Man declining money

Declining Even Money

Potential Win If Even Money Is Declined

When playing blackjack, players must decide if they want to take even money when the dealer has an ace, and the player has a blackjack. Rejecting even money could result in a win.

Experienced players know it’s best to decline.

Here’s why: getting 1:1 instead of 3:2 for blackjack is what even money offers. But, if the player says no, and the dealer doesn’t have a ten-value card, the player could win 1.5 betting units. If the dealer does have a ten-value card, the one betting unit lost is less than with even money.

This tactic won’t always mean a win, but it is profitable in the long run. So, next time there is a dealer with an Ace at the blackjack table, don’t be scared to say no to even money and maybe get a great win.

Tip: Even money is another name for an insurance bet or side bet. Stick to a basic strategy and ignore the casino’s offers of guaranteed wins.

Five dice

Probability Calculations

Probability calculations are important when it comes to making decisions.

But understanding the layout, dealers, and certain cards can increase your chance of success. Remember, even with a 50/50 chance; there can be unexpected results in the last hand of a blackjack tournament.

  • Avoid the sucker bet.
  • Don’t bet more than half your bankroll.
  • Pay attention to the face-up card the dealer shows, especially if it’s an ace.

With the right strategy and knowledge of the game, casinos offer players the chance to win big. However, assume losses can happen and always play within your means.

Tip: Always post and pass on truth and reliable sources regarding probability calculations.

Las Vegas casino street

How Casinos Benefit From Even Money

Casinos’ Motives For Offering Even Money

Even Money” is a term used in blackjack. The casino offers a 1:1 payout instead of the traditional 3:2. This offer is usually when the dealer is showing an Ace. There’s a chance they could have blackjack, resulting in the player losing their bet.

It may seem like a “can’t lose” opportunity. But, it’s a sucker bet with odds in the casino’s favor. It reduces the player’s expected payout by half.

Blackjack table being set up

The Value Of A Blackjack Hand

Usually, the aim is to get 21, but there are other elements to consider when deciding to hit or stay.

For instance, having 20 looks like a surefire win, but if the dealer shows an ace or a face card, the possibility of losing is higher. On the other side, if the dealer has a low card or a six, for example, taking another card might be worth the risk.

Remembering the value of 10-value cards, jacks, queens, and kings is also key. These cards make up 30% of the deck and should be considered when making a decision. Ultimately, getting to grips with the value of blackjack can help you dodge gambles like even money bets which only pay out half the size of a regular blackjack prize.

even money vs insurance in blackjack

Even Money vs. Insurance

Even Money and Insurance can aid you in making better choices when playing blackjack. The dealer might offer.

Even Money when a player has a blackjack, and the dealer holds an ace, meaning the bettor will get a payout the same as their original bet, regardless of the dealer’s blackjack.

Insurance is a comparable bet, where players may protect themselves against the dealer having a blackjack by placing an extra bet equal to half of their bet.

These two bets might seem like a good option at first, but they are actually considered sucker bets. Physically, the odds favor the player when the dealer has an ace or any ten-value card, giving them a whopping 30% chance of blackjack.

Remember that the game can change rapidly, and it’s best to trust in the odds instead of taking a risk on a can’t-lose choice that could leave you with nothing. So, next time you’re presented with Even Money or Insurance, decline and trust the percentages. If you understand this simple concept, you will save money.

when to take even money

When To Take Even Money

Blackjack tempts players with even money, but it can be risky. Knowing when to take it is key. This article gives factors to consider. It also provides the best scenarios for taking even money. Readers can use this info to make smart decisions and raise their chances of winning.

Exceptions To Declining Even Money

Even Money may seem like a good choice when playing blackjack if the dealer’s face-up card is an Ace. But, there are exceptions!

  • If you have a Blackjack, you should always decline it.
  • If the dealer has a 10-value card and you have 11, you can get 21 with your next card. So, don’t take it.

Remember, Even Money is a sucker bet. The odds are in your favor to win the full payout. The casino dealer may try to pressure you but don’t give in.

Strategic Plays In Blackjack Tournaments

In blackjack tournaments, taking even money can be strategic. If the dealer is showing an Ace, players with a natural blackjack are offered even money to avoid a push if the dealer also has a natural blackjack. But, it is not always the best move.

If the player has a strong hand and the dealer’s face-up card is a 10-value card, it may be worth risking the push. This could potentially double the original bet.

Also, if multiple players take even money and the dealer does not have a natural blackjack, those who did not take it have a higher chance of winning.

Every situation is different. Practice with a blackjack simulator to observe the results of different plays.

Card counting

Card Counting And Greater Chances Of Dealers Hole Card

Card counting is a technique used by blackjack players to gain an edge. It involves tracking high and low cards that have been dealt. This can help players with their betting strategy and increase their odds of winning. Plus, it can indicate if the dealer has a ten-value card as their whole card.

If the count shows that many ten-value cards have already been played, the chance the dealer’s hole card isn’t a ten-value card is higher.

In this case, taking even money is smart, as it guarantees a win – but at a lower payout than if you wait to see if the dealer has blackjack.

Alternatively, if the count suggests there are still many ten-value cards left in the deck, it might be better to take the risk and not.

It’s important to keep in mind that card counting isn’t foolproof. Unexpected results can occur. Also, taking even money each time can lead to long-term loss. As with any gambling strategy, there’s no surefire way to win every time.