Quote
Originally posted by: RoadTrip
The house gains a small percentage when "Even Money" is taken, which is why it is considered a "bad bet" by many knowledgeable BJ players.
Sorry, I'm too lazy to go to Wizard for the exact percentages, chart, etc.
Am I mistaken here??
However, the semantics of Don D's statement do appear true and correct.
RoadTrip is not mistaken.
The "Even Money" bet is, in fact, equivalent to taking insurance, so there is a slight house edge. That is, in the long-run the player will win 1½-units often enough to exceed what he will win taking the sure-thing 1-unit every time.
Therefore, if RoadTrip is accustomed to playing $10,000-per-hand regularly, a few thousand hands a day, maybe ½-million or so hands every year, or 8-to-10 million hands in a lifetime, . . . DonDiego recommends he stand on his natural and reject taking the insurance.
But if the $10,000 wager is unusually large for him, DonDiego recommends he take the sure-thing $10,000 win.