Why do casinos restrict their earnings by restricting insurance to 50% of the bet amount? It also often causes extra time for the amount to be properly calculated to 50% rather than just matching chip color and stack height.
This one change could make a casino way more $ than I could ever beat them out of. They could call it "Super Insurance" or "Megasurance". :-)
would go thru the roof.
You would get caught and barred way before that.
Yes, we could benefit from a peice of it. But the big bene is to the casinos bottom line.
When I was in the Dominican Republic a few years ago, one could insure for 100% of the bet. Maybe more, but I didn't try. They treated it more as a side bet than insurance.
in Prince George's county used to offer 100% insurance. In addition, you could bet insurance on anybody else's spot if they didn't want it. 5 min, 100 max. 2 spots were hard to find because of crowding. 8 decks, 1 deck cut off. They were shut down due to skimming.
The pit chimps don't have to do any math at 50%. If they actually had to think about the bet's payoff pandemonium would ensue.
If you need to match 100% of your wager, it loses its insurance semantics, even though it's pseudo.
if the increasing side bet lure (insurance) from pushing to guaranteeing a unit win (your proposition) will work with the public. And, it's no longer an even money proposition when you have a natural (not that 6:5 BJ had any real influence so far). So, who knows.
Regarding advantage play, the covariance increase can only specifically be answered by your tailored, precious sims.
