Originally Posted by
Renzey
Basic blackjack rules state that when the dealer has an Ace up, the player can take Insurance for half his bet, OR LESS. It doesn’t matter what the player’s hand is since Insurance is a separate side bet. Hence, someone who has blackjack against an Ace could decline even money and take Insurance for LESS, perhaps much less if he can’t stomach the risk of coming away empty handed. It’s not the Max EV move, but yields more than routinely taking full even money and may look better than rejecting it altogether.
Also, since the casino makes a net profit on all its Insurance bets combined, it would likely make a net increased profit from allowing players to take even money and take full Insurance on their blackjacks as well. A $50 ploppy would net either $25 or $100 by doing so. His rationale being that he either reduces his profit by $25 or increases it by $50.
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