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Originally Posted by
Freightman
He understands case 1
he sorta understands case 3. Dealer continues to play only if player doesn’t bust - assumes heads up
Now, Case 2. Most Stores won’t allow you to insure a player blackjack. If they did, your highest EV play (assuming insurance is justified) would be take even money on your blackjack ($10), and win your insurance bet for another $10 for $20 win, or lose your insurance bet after taking insurance ($5 win), or taking no insurance winning either $15 or nothing.
What makes no sense?
You simply are having a senior moment with this. Did you ever play in A.C.? They wouldn't let you take even money on your naturals. You HAD to put up the insurance bet. It was absurd, but it was the law. In most other venues, taking even money is simply a replacement for making that actual insurance bet, since the outcome is, inevitably, the same thing. You can't ever do both.
You're just confused about the nomenclature.
Don
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