If you take even money, you'll be $20 richer regardless of what happens to the dealer’s hand. On the other hand, if you decline the even money, something very bad can happen; namely, the dealer could also have a blackjack, and you’d end up with nada for your beautiful blackjack. The choice looks clear: Take the sure money.
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The answer is: NEVER TAKE THE EVEN MONEY ON YOUR BLACKJACK. Here’s why: When the dealer has an Ace showing, you’re going to PUSH approximately 30.74% of the time. Also consider that you will have a blackjack approximately 6.4% of the time when the dealer shows an Ace.
With 96 cards with a value of ten (tens through kings), there is a 30.7 percent chance that the dealer has one of them to make a blackjack. So, that’s a 30.7% chance your hand will be a push. Far better, you might think, to ask for even money and guarantee your profit. Wrong.
How does even money work in blackjack? 1. You can skip the blackjack even money bet and keep playing If you go with this option, you can win or lose the game. 2. You can take the blackjack even money bet
If you take even money, you'll be $20 richer regardless of what happens to the dealer’s hand. On the other hand, if you decline the even money, something very bad can happen; namely, the dealer could also have a blackjack, and you’d end up with nada for your beautiful blackjack. The choice looks clear: Take the sure money. But hold on, because there’s more to this story. The problem here is what might happen if you decline the even money.
You take even money if you believe the dealer also has a natural blackjack. If they do, then you simply keep your bet, nothing lost. If the dealer does not have blackjack then you win the bet 1:1. This means if you wagered $100 you would have won $100. The thing is, getting a natural blackjack pays 3:2 in most games.
Even money comes into play when you have a blackjack hand and the dealer’s upcard is an ace. When this occurs, the dealer will ask you if you want “even money.”. If you say “yes” she will immediately pay you even money on your wager, before she peeks at her hole card, and then place your cards in the discard tray.
By offering you even money before the dealer peeks for a blackjack, casinos simply spare you the hassles of insuring your hand. Inexperienced players reason accepting even money is a good alternative because if they decline and the dealer also ends up with a blackjack, the two naturals will push, i.e. they will not earn any payout.
however, the pit bosses and the casino LOVE it when you take even money. blackjack is a game of odds the dealer will only have a blackjack 1/3 of the time that means that a whopping 67% of the time they won’t push on your blackjack. so follow the odds. it makes no sense to take even money, you will lose money in the long run by doing so.