This arises in England because the player is only allowed to take insurance on a blackjack v dealers ace(least it was when I last played about 4 years ago).
The only thing to really know is that if you are playing Basic Strategy you should never take even money on a blackjack(accepting the 3 to 2 payoffs when they occur wins more money in the long run than always taking even money). Only a card counter knows the few times when it is better to accept even money.
If you are a counter then your system should give the exact point at which you take even money. If you are not a counter then consider a system like HI-LOW. This is probably the most popular count system around.
All hell may break loose over this. I draw on average
one BJ per day-on a good day. I don't care if Julie
himself jumps out of the grave I will take even
moneey! Why TWO reasons-My best hand of the day right?
Why would I want nothing for it? Two-the most likely
reason for a player who draws poor cards to get a BJ
is that the deck is so rich that anybody who gets an
ace will have a BJ-even Mr. Thorp could see that.
He must take pretty pills or something-all I got out of getting old was ugly!
I don't think Frank has given the correct answer to a question yet. Even money on a Blackjack is insurance. When you strip away the BS (not basic strategy) you are betting that the dealer's hole card is a 10 with a payout of 2 to 1. This would be an even bet if 1/3 of the cards were 10's. Unfortunately, 4/13 of the cards are 10's, so a fair payout would be 9 to 4. Unless you are counting cards and know that the deck is rich in 10's, you should not take this bet, whether you have blackjack or not.
The fact that you have a bleck jack does not necessarily indicate that the deck is rich. The only information you derive from the fact that you have a blackjack that is of any value in making an insurance bet is that one 10 has been removed from the deck, making the insurance bet even poorer than usual -- more significantly so in single deck than in multi-deck. Of course, if you are like Frank, and your very presence at the table repeals the laws of probability and logic, you just have to do what works for you.
Get off the carbon monoxide-Read twice then open mouth.
My post explained why I go the other way-not what
the math says-I know the math better than you-but
for me it doesn't work. In fact is 2-1 in favor for me me!
NOW YOU THINK ABOUT IT-if you drew one bj per day
would you risk a push? If you would get a Jewish mother-in-law-she'd jerka knot on your head!