Odds of Winning Insurance Bets and Why Not to Include it in Your Blackjack Strategy

On 09.10.10, In Blackjack Strategy, Online Blackjack, By Vivi

Insurance is the one play in a regular game of online blackjack that needs to be talked about a lot. Many players truly do not understand why insurance is so bad for their blackjack odds and why they should not include it in their blackjack strategy.

In their eyes they are not losing money if the dealer does have a natural blackjack since they are getting the amount of their original wager back. Yes, with insurance you do break even, but the dealer has to have a 10 for a hole card in order for that to happen. And the odds are actually not in the house’s favor to have a 10 hole card.

There are thirteen different types of cards in a deck, with four of each type. Of those thirteen cards only four are worth 10 in blackjack and could create a natural blackjack when the dealer is showing an Ace: 10, Jack, Queen and King. So that is four out of thirteen cards, or a 31% chance of the dealer getting that natural blackjack.

On the other hand the other nine cards would keep the dealer from having a natural, which would cause you to lose your insurance bet, which is a 69% chance of losing the insurance bet.

Just looking at the odds you can see that the odds are in favor of the player losing their insurance bet, which is what casinos and online casinos want since insurance is a money-maker for them.

And speaking of money, let’s turn those odds into money so that you can see what a player stands to lose blackjack odds-wise from insurance.

If you were wagering $10 game of online blackjack, insurance would cost $5. Based on the odds, you stand to win $10 (insurance pays 2-1) four times for a total amount of $40 won. But you would have odds of losing your insurance wager nine times, which totals for a $45 loss.

Even if you won insurance four times and then lost it nine times, you still would not break even—you would still lose money. Which is exactly why insurance should not be a part of any players blackjack strategy. The odds are designed for the player to lose.

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Surrender as a Part of Your Blackjack Strategy

On 09.03.10, In Blackjack Strategy, By Vivi

Eventually novice blackjack players will come upon surrender. This is a play that is not always available in blackjack games, although it is available more often in blackjack games in brick and mortar casinos than it is in online blackjack.

Surrender is a blackjack play that should be a part of your blackjack strategy, ready in the wings should you find yourself in a blackjack game that allows for it. In a basic definition, surrender is when a player gives up half of their wager to give up playing out the round. It is similar to folding in poker, only your entire wager is not lost.

There are two types of surrender in blackjack: late and early.

Late surrender is only possible after the dealer has checked to see if he has a natural blackjack. If he does not, then players can surrender if they would like. But if the dealer does have a natural blackjack surrender then there is no surrender, and chances are you are going to lose the round. When made at advantageous moments, late surrender can hit the house’s edge for 0.08%.

On the other hand there is early surrender. This type of surrender differs from late surrender in that players can choose to surrender before the dealer checks to see if he has a natural blackjack. Even if he is showing an Ace and your hand is one that basic strategy says to surrender, you can still surrender and keep half of your wager. And you have the satisfaction of hitting the house edge for 0.6% as well.

And speaking of basic strategy and knowing when to surrender, those times are as follows:

Hard 15 versus a dealer 10
Hard 16 versus a dealer 9, 10 or Ace

The important thing to understand about surrender and your blackjack strategy is that you should only surrender when it is advantageous to do so. Surrendering just because you do not like the cards you have been dealt is not a reason to do so. Keep it in your blackjack strategy to only surrender when those four hands and dealer up card combinations are on the table.

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About Online Blackjack Games and Variations

On 08.13.10, In Blackjack Rules, Blackjack Strategy, Online Blackjack, By Vivi

Those who play online blackjack are bound to see blackjack variations from time to time. They crop up everywhere, in the majority of online casinos. They are out there—Face Up 21, Super Fun 21, Blackjack Switch and more. The problem is that not all novice online blackjack players truly understand these blackjack variations and the impact their rules have on their blackjack odds.

One of the biggest hits to a player’s blackjack odds comes from the payouts offered by these blackjack variations. Whereas in regular online blackjack games, a natural blackjack receives a 3-2 payout, in the majority of variations the blackjack payout is an even money payout.

And an even money blackjack game will take 2.27% off of a player’s blackjack odds. If you are playing according to basic strategy, the house’s edge will go from 0.5% back up to 2.77%. Playing in a game with an even money payout like that is only handing your edge right back to the house.

Another common rule found in blackjack variations pertains to doubling down. Many variations only allow players to double down on 9s, 10s or 11s. This impacts the player’s blackjack odds in a negative way again, taking 0.18% away from the player’s odds.

Typically doubling down can take 1.6% from the house’s edge. That is a big hit to their edge. And that is why many blackjack variations will only allow doubling down on 9s, 10s and 11s only.

The key thing to understand about blackjack variations is that they were created to take players’ money faster. And while they can be fun to play from time to time, they should only be played for fun in practice modes so as not to risk losing any money; or to play blackjack variations at low stakes. That is how you handle your blackjack strategy in regards to blackjack variations.

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Advancing Your Blackjack Strategy—Bet on Another Player’s Hand

On 12.17.09, In Blackjack Strategy, Online Blackjack, Uncategorized, By Vivi

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You can advance your blackjack strategy, lower the house edge a little more and possibly win a little extra money by betting on another player’s hand.

The reason you might want to bet on another player’s hand is because your neighbor may have an advantage but is hesitant to bet any more money on the hand.  If you bet on their hand, you can lower the house edge on that round by around 0.15%. And you can even make a little extra money off their hand.

Let’s say that you are playing at a table where everyone has bet the minimum of $20. The player next to you has been dealt 7-4 and the dealer has a 10. Your basic strategy will tell you that the best play for your neighbor is to double down. You see him hesitating to put forth another $20, maybe he tries to double for less with $10. You can offer to cover the other $10 so that both you and the other player can take full advantage of that hand. Now you have the chance of winning money off of your own hand and your neighbor’s.

Another good time to go in with another player’s hand is if he is dealt a pair of 7s and the dealer has a 6. Blackjack players know that 7 against a dealer’s 6 is a moneymaker. The other player should split the pair of 7s. Let’s say that he puts forth another $20 to split but is dealt another 7. He should split again. But if he does not, offer to cover the bet of the second split. Again, you are helping to lower the housed edge a bit and stand to win a little extra if that hand beats the dealer’s.

Something to remember is that blackjack is played as a player versus the dealer, even though there are other players at the table. The dealer represents the casino. And by helping out your fellow players, you are helping other players to beat the casino and have the casino pay players, rather than players losing money to the casino.

The point of having a blackjack strategy is to lower the house edge and win more money. Incorporating betting on another player’s hand is a nice addition to your blackjack strategy since it can work to accomplish those things. It also has the bonus of making you look like a nice player.

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