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Even money bet protects the player from a push if the dealer has a blackjack. In case the dealer does have a blackjack, the player will push on the original bet and get a 2 to 1 payout on the even money side bet. However if the dealer does not have a blackjack, the player will be paid 3 to 2 on the original bet and lose the even money bet.
even money When the dealer shows an ace and the player has a blackjack, the player can opt for even money and get paid immediately at 1:1. This is a version of insurance rather than a different bet. If the dealer has blackjack, the hand is a push, but the player receives twice the value of the insurance, which is the same as the original bet.
The game is a variation of Spanish 21 that pays even money on a blackjack and gives the player the opportunity to double their initial wager after seeing the dealer's upcard. The game also offers a bonus side bet (called Bust It!, Bust out or Buster) on whether or not the dealer will bust on the third card. This side bet must be made before the ...
A player blackjack wins immediately unless the dealer also has one, in which case the hand is a push. If the dealer is dealt blackjack, all players who do not have a blackjack lose. Wins are paid out at even money, except for player blackjacks, which are traditionally paid out at 3 to 2 odds. Some tables today pay blackjacks at less than 3:2.
Even if the gambler can tolerate betting ~1,000 times their original bet, a streak of 10 losses in a row has an ~11% chance of occurring in a string of 200 plays. Such a loss streak would likely wipe out the bettor, as 10 consecutive losses using the martingale strategy means a loss of 1,023x the original bet.
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There is a widely held belief that casinos instituted maximum table limits to limit Martingale betting strategies. The simplest of these strategies involves a player doubling the bet every time a loss is incurred on a bet with even odds, until the player wins. [6] [7] In reality casinos are not at risk from Martingale players.
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