Blackjack Buy In Bet

Blackjack side bets are based on chance, offer a chance of a very big payout, and the house edge is greater than it is for the main game of blackjack. First and foremost, blackjack side bets are fun and they can break up long boring blackjack sessions as well as offer a chance of a big payout.

1. Blackjack Buy In Bethel Park
2. Blackjack Buy In Bethesda
3. Blackjack In Bet
4. Blackjack In Between Bet
5. Blackjack Buy In Bethlehem
6. Blackjack Buy In

• Topics include an in-depth history of blackjack, biographies of the influencial people to the game, how to beat lots of blackjack variants and side bets, cheating, team play, an FAQ, and blackjack poetry.
• There are different systems but they all basically come down to this: If you’re winning, keep increasing your bet; if you’re losing, don’t increase your bet. This certainly helps avoid the break-even rut that blackjack can fall into — where you sit there for hours and never swing more than 25 percent or so from your buy-in.

I’ve written a few articles in the past that included advice that said you should never take insurance when you play blackjack. I stand by this advice because, for over 90% of the players who read my articles, the advice is 100% correct.

But I also need to present the other side of the argument to give you a complete understanding of insurance. The truth is that insurance is the correct play in a few specific situations. Most of these situations only become apparent to professional card counters, and because counting pros spend most of their time beating the casinos and not reading my articles, my advice of never taking insurance is correct for everyone else.

So why am I writing an article about taking insurance?

As you’re getting ready to learn, there are a few situations while playing blackjack when clearly it seems that taking insurance is a good bet. The odds are good that these situations are going to surprise you because they’re not why most players take insurance.

The Argument Against Insurance

The reason why taking insurance is a bad decision most of the time can be explained using simple math. But, as you’re going to see in the next section, this same simple math is used to show in a few situations that insurance is a good bet.

When the dealer has an ace, he or she offers insurance to the payers at the table. Insurance costs half of your original wager and pays 2 to 1 when the dealer has a natural blackjack. The only way the dealer has a natural blackjack is when his or her down card is worth 10 points.

The odds of the face down card being worth 10 points are 9 to 4 against. This is a percentage chance of 30.77% that the dealer has a blackjack. The reason why the odds are 9 to 4 is because of the 13 total card ranks, four of them are worth 10 points, and the other nine aren’t. The four 10-point value ranks are the face cards and the 10s.

When you compare 9 to 4 against the payout of 2 to 1, the casino has an edge. For the bet to be fair, the chances of the dealer having a blackjack need to be the same as the payout. The payout of 2 to 1 means that the percentage chance of the dealer having a blackjack needs to be 33.33%.

In any situation where the chance the dealer has a blackjack is over 33.33%, the insurance wager is a good bet.

The problem is that most of the time, the dealer doesn’t have a 33.33% or higher chance to have a blackjack. This goes back to how you compute the dealer’s percentage, or odds, based on the normal makeup of a deck of cards.

Determining the odds or percentages based on a normal distribution of cards in the deck sounds correct, but it assumes you don’t know the value of any cards. This is the safe way to do it, especially in a shoe game because a single card doesn’t change the odds or percentages much.

But what happens if you take the knowledge of cards played and remaining available in the deck or shoe into account?

Is there a way to use this information to determine when taking insurance is a good bet?

When You Should Take Insurance

Now that you understand how the math behind the insurance bet works, let’s look at a specific example where the bet changes from bad to good.

You’re playing in a single deck blackjack game.

• On the first round of hands, you see the value of 14 cards. Only one of them is worth 10 points, so the remaining cards have 15 cards valued at 10. With 14 cards played, the deck has a total of 38 cards.
• The second round of hands is dealt, and the dealer has an ace face up. You haven’t seen the value of the other player’s cards at this point, and you have a king in your hand. Now you’ve seen the values of 17 cards when you include the two in your hand and the dealer’s ace.
• The remaining unseen cards total 35 and 14 of them are worth 10 points. This means that the odds of the dealer having a 10-point value down card are 21 to 14 or 3 to 2 against. In other words, 40% of the time the dealer is going to have a natural blackjack.

A winning insurance wager pays 2 to 1, so the odds are better than that in this hand. The 2 to 1 payout means that the chance of a dealer blackjack needs to be at least 33.3%, and in this example, the chance is 40%.

While this example is an extreme one to show when insurance is a good bet, you can also learn something from it. Now that you know that the chances of the dealer having a natural blackjack need to be 33.3% or higher, you can use this information in any single deck blackjack game. You can even use it in a double deck game if you do a good job of tracking cards.

This is much like card counting in that you don’t have to memorize every single card that’s been played. All you need to do is keep track of the ratio of total cards played to 10-point value cards. This even works in shoe games, but the truth is if you’re able to keep track of this ratio in shoe games, you should be counting cards.

How Important Is This Knowledge?

While it’s important to recognize and use every small advantage you can find, the truth is that the opportunity to take insurance with an edge is rare. If you play in single and double deck games often, it’s something that you should watch for.

But you should only concern yourself with profitable insurance opportunities after you do a few other things to lower the house edge. The first thing you should do is find blackjack games with good rules. The next thing every blackjack player should do is use basic strategy. It’s a waste of time and energy to worry about insurance before you do these two things.

Once you learn about the rules and learn how to use perfect strategy, then you can start looking for opportunities to take advantage of insurance. But even in this situation, I recommend looking for insurance opportunities as an introduction to learning more about counting cards.

When you start tracking card ratios, which is at the heart of determining when taking insurance is a good bet, you’re starting to use the same techniques card counters use. And the fact is that most popular card counting systems include a breakpoint where players start taking insurance.

If you’re looking for every possible edge at the blackjack table, understanding how insurance works and when you should take it is important. But if you don’t want to do the extra work, then stick with good rules and proper strategy. By declining insurance every time, you’re not going to make a mistake often. When you do, it’s only going to cost you a small amount over time.

It’s a much more costly mistake to take insurance when you shouldn’t than to miss an opportunity to take insurance every once in a while, when it’s the correct play.

Conclusion

Taking insurance at the blackjack table is a bad bet most of the time. If you’re a basic strategy player or a seat of your pants player and don’t count cards, your best play is to always decline blackjack insurance. But as you can see from the numbers included in this article, there are certain situations when insurance goes from a bad bet to a good one.

Once you master basic blackjack strategy, start looking for opportunities where insurance is a good bet. When you start recognizing these opportunities, it’s a good sign that you’re ready to investigate card counting. It’s a small step from understanding and using what you learned above to become a successful card counter.

For those of you who are new to the game of blackjack and have never sat at a blackjack table in a casino, the following will teach you the how the game is played, from table etiquette, to the basic rules of the game.

The blackjack table in a casino is generally set up with seven betting spots, although some games have as few as five. A dealer acts for the house and stands behind the table to distribute the cards.

When you’ve decided upon the game you want to play by examining the sign that announces the minimum and maximum wagers, you will buy in for chips. Do not place your money in the betting circle, however. Instead, set it to one side and wait for the dealer to convert it into chips.

After you receive your chips place your bet in the circle in front of your seat. The blackjack dealer shuffles the cards, and if he’s dealing more than two decks, he’ll place the shuffled cards in a box known as a “shoe.” After he shuffles, he’ll ask a player to “cut” the deck, by using a colored card, known as the cut card. The player simply slides the colored card into the deck at any point. The dealer divides the deck at the cut point, and takes the cut card and places it about two-thirds the way into the deck. This deck “penetration” varies from casino to casino, and sometimes even from table to table.

Blackjack Buy In Bethel Park

The dealer then places the cards into the shoe, or arranges them in his hand (for two or less decks). The dealer will then discard-“burn”-the first card, and check to make sure that all players have their bets in the right place and in the right amount. He begins distributing the cards to the players from the front of the shoe or the top of the deck.He’ll begin with the player farthest to his left-known as “first base”-and then proceed to give one card to each player, including the dealer’s “upcard.” He’ll repeat the motion until every player has two cards. He completes the deal by sliding his “hole card” under his upcard.

In some casinos, the players are allowed to handle the cards. In this situation, the players receive their cards face down, and pick them up with their hands. If you’re playing this type of game, do not use two hands to pick the cards up. Pick them up with one hand and hold them over the table. Never remove them from the table or shield them in any manner from the dealer’s view. The dealer is responsible for the security of the cards, and must prevent them from being replaced by other cards or otherwise tampered with.

In other casinos, the players’ cards are dealt face up, and the players are prohibited from touching them. The dealer handles all the cards and chips.

The object of blackjack is to beat the dealer. The winner is whoever has closest to a total of 21. You reach 21 by adding up the values of the cards. Tens and face cards are worth ten points, the other cards count as their numerical values, and Aces are worth one or 11, at the discretion of the player.

Blackjack Buy In Bethesda

For example, a six of spades and a eight of hearts is 14. A Queen of spades and a Jack of diamonds counts as 20. An Ace of spades and a six of hearts can count as 17 or seven.

You determine the valuation of the Ace, and can decide the change it in mid-hand. In the last example, for instance, say you draw an Eight to the Ace and six. That would “bust” your hand if the Ace was counted as 11, so you drop it to a one. In that situation, you count it as one, and you’ve got a 15.

A “soft hand” is a hand that contains an Ace which is counted as 11. A “hard hand” is a one that does not contain an Ace or a hand where the Ace can only be counted as one point.

After the dealer gives each player two cards, he’ll return to first-base and start acting on each hand individually. He will point to your cards when it is your turn.

If you want another card-a “hit”-you indicate by scratching the table with your hand. The dealer will not accept a verbal command because the hand signal must be given so that the security cameras can see exactly what you want to do with that hand. If you want to “stand”-take no cards-you indicate by waving your hand, palm down. You use that motion when you’ve decided to stop taking additional cards, as well.

Blackjack In Bet

In the hand-held game, you scrape the table with the edge of your cards to indicate you want to hit. When you’re satisfied with your hand, you slide your cards under your chips in the betting circle.

If you take a hit and that card puts your total over 21, you lose automatically. The dealer removes your cards and your chips.In the hand-held game, turn your cards over immediately if you’ve exceeded 21, so the dealer can finish your hand.

At the end of the hand, if the totals of your cards are closer to 21, you win! If the dealer’s hand is closer to 21, you lose. And if you tie the dealer-called a “push”-no one wins or loses. If the dealer hasn’t busted, he will pay the winners and take the loser’s chips. If you have pushed, the dealer will rap the table with his knuckles and leave the chips where they stand. You are then allowed to increase, decrease or remove the bet.

The rules the dealer must play by are very simple. If the dealer’s hand is 16 or less, he/she must take a card. If the dealer’s hand is 17 or more, he/she must stand. Note that some casinos allow the dealer to hit on soft 17 which gives the house a very small additional advantage. The dealer’s strategy is fixed and what you and the other players have is immaterial to him/her as far as hitting and standing is concerned.

Blackjack In Between Bet

There is one way to win automatically, and that is to receive a total of 21 in the first two cards. That requires a ten-value card and an Ace. This is called a “natural” or a “blackjack.”

When a player receives a blackjack, he wins a bonus. Normally, all bets are paid off at even money when playing blackjack,but when you get a blackjack, you receive a three-to-two payoff. If you’ve bet $10, you’ll get paid $15, for example.

If you’re playing the hand-held game, you should turn your cards over immediately to get paid.

The only time a player can receive a blackjack and not get paid immediately is if the dealer also has an blackjack. In this case, it’s a push, and no one gets paid. You can protect yourself by taking “insurance.” If the dealer has an Ace showing he will ask all players if they would like insurance. The insurance bet is a side bet in which you can wager half of your original bet. To place an insurance bet place chips in the amount of half your original wager on the table in front of your original bet. If the dealer does have blackjack your insurance bet will be payed at 2-1 and you will lose your original bet. If the dealer doesn’t have blackjack you will lose your insurance bet but continue play with your original bet. In general, the insurance bet is NOT a good bet unless you are counting cards and you have determined that there is a high probability of the dealer having blackjack. If you aren’t counting cards DO NOT take the insurance bet.

One of the nice things about blackjack is the ability to increase your bets in mid-hand if you feel you have a good opportunity to win. When you have the chance to make these bets, you should take advantage of them.

One of the circumstances in which you may increase your bet is called doubling down. This means the casino will allow you to make a second bet equal in size to your first bet. In return for this right, you agree to accept only one more card for your hand. You can double down only after looking at your first two cards. You cannot take a hit and double down.

Many casinos allow you to double down for less than the amount of your original bet. This should be avoided because if the situation is worth doubling down, it is worth betting as much as you can, which is the amount of your original bet.

To tell the dealer you want to double down, you slide a second wager next to your original wager in the betting circle. Do not place the additional bet on top of the original wager, because the dealer may think you are trying to cheat by increasing your bet illegally. No hand signal is necessary. The dealer will see your double-down bet and give you one card, generally placed horizontally across the first two cards. In the hand-held game, the dealer will place the card under your chips in the betting circle. You may pick up the card to see what you’ve been given, but you’ll get more respect if you wait until the dealer settles all bets to expose your hand.

If you win your bet, you’ll be paid even money for the two bets, and receive double your original wager. If you lose, of course, both bets are taken away. In the event of a push, you keep both bets, but are not paid.

Another way of increasing your bet mid-hand is splitting. If the two original cards dealt to you are a pair, such as a seven of clubs and a seven of hearts, you can then split your hand if you wish, thus giving you 2 separate hands to play. To do this a wager equal to your original bet must be placed along side your initial wager.

If you have a pair that you want to split and your cards are dealt face down, turn them over and place them a few inches apart. If your cards were dealt face up, point to your cards and say “split” when the dealer prompts you for a card. The original bet will go with one card and you will have to place an equal amount of chips in the betting box near the other card. You are now playing two hands, each as though they were regular hands with the exception being that if you have just split two aces. In that case, you only get one card which will hopefully be a 10. If it is a ten, that hand’s total is now 21 but the hand isn’t considered a BlackJack. That is, you are paid 1:1 and not 1:1.5 as for a natural (BlackJack).

Blackjack Buy In Bethlehem

After splitting your cards the dealer will deal cards to your 1st hand until you decide to stand. He will then deal cards to your next hand. Keep in mind that stand, hit, split, and double-down rules apply to each new hand being dealt. Casino rules vary on how many times a player can split his cards. For example, if you draw a pair of eights, split them, and are dealt another eight, most casinos will allow to you split again and start a third hand. Ask the dealer what the split rules are if you do not know them.

Blackjack Buy In

So that’s how blackjack is played. But there is much more to learn if you want to be a successful blackjack player. You must know when to split your cards, when to double, when to take a hit, and when not to. The rules behind this are called basic strategy.