Obviously, it depends on the number of decks and the rules of the blackjack casino for real money. Since online blackjack players are becoming smarter. Online casinos that offer live casino blackjack have to be even smarter.
So, to counteract a new wave of savvy blackjack players, online gambling sites came up with another superb solution. Can you guess what it is? We’ll give you a few seconds to answer.
If you can’t remember, or you don’t know. Blackjack casinos now add side bets to the equation which increases their profit margin.
When the dealer has an Ace as an upcard the casino offers you an insurance bet.
When will the dealer offer blackjack player insurance? When the dealer turns over his up card and he sees it’s an Ace.
Simple Blackjack Side Bets Illustration
If the dealer gets a blackjack, he’ll take your $5, but he’ll pay you 2 to 1 on your insurance bet. The dealer will then return your insurance bet of $2.50 as well as your $5.
Therefore, you lost nothing. In the event, the dealer did not have blackjack. You’ll forfeit the $2.50 wager you made on the insurance and you’ll play out the hand. Which begs the question. Is the bet on insurance good or bad?
If we look at the stats of Insurance it doesn’t favor the player. If the dealer’s card is an Ace he’ll win the hand 3 out of the 10 times. To simplify matters for the blackjack player, you.
If your average bet per hand is $5, you’ll lose every 3 hands out of 10. If you’re into stats and stuff. Have a look at how to use online casino game stats to your advantage.
Your loss will be $15 if you don’t take insurance. If you do take insurance of $2.50 it will cost you $17.50 after you played 3 hands.
This is why blackjack experts don’t like insurance bets because they can be expensive. The bottom line is never to take insurance.
The Truth About Side Bets In Blackjack
Are side bets in blackjack really that good? There are blackjack casino players that swear by insurance. They hold the opinion that it’s the only way to play if you have a blackjack.
Especially, if the dealer’s up card is an Ace. Once again let’s crunch the numbers. Remember, the dealer will have a 10 when he has an Ace 3 times out of the 10 times.
Blackjack pays 1 1/2 to 1, your aim should be to win the bet 7 out of 10 times. Assuming your average bet per hand in blackjack is $5 you’ll win $52.50.
It’s better to win your hand this way. Besides, winning your hand 10 times translates into a win of $50.
Other Side Bets – First 2 Cards Total 20
To best illustrate our point. Let’s say that the top live dealer USA casinos offer a side bet of 20. If your first two cards total 20 for an additional side wager.
The casino will pay you on that wager; regardless of the outcome. Many casinos pay 3 to 1; your odds are 9 to 1 of getting 20 on your first two cards.
If you decide to take out a side bet on each hand, you’ll lose. The house edge goes from a very placid -0.54% to a nutter of 24.71% on a 6-deck blackjack game.
Buster Blackjack – Additional Side Bets
Buster Blackjack is another side wager casinos offer. The player will win some money if the dealer goes bust. There is a small catch though.
The payout the player receives depends on how many cards it took the dealer to go bust. The more cards it takes the dealer to bust the more money the player wins.
If the dealer decides to stand on a soft 17. The dealer will bust 29.1% of the time. Moreover, if the dealer hits on a soft 17, he’ll bust 29.6%.
The odds against the player losing the hand are 2 or 3 times, basically, it’s meh.
Push Your Luck
Push your luck is a side when the player’s hand ties in with that of the dealer. This bet pays 10 to 1 if the player pushes the dealer.
An interesting thing about this side bet and compared to the previous side bets we discussed. Is that the house edge on this bet is small?
If you bet the max bet on this side bet of 1/2. The edge increase from 0.51% to 0.76% that’s if you play with a deck of 6 cards.
The cost is 0.25% which translates into a win of 1 out of 10 times, not good.