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Table Games Big money bet! Do I take even money?

Discussion in 'Table Games' started by Gamesman, Aug 16, 2015.

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  1. Gamesman

    Gamesman VIP Whale

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    GChrome and I are playing BJ. We have a side bet going. What does the math say on taking even money on a BJ?
     
  2. thecarve

    thecarve Misanthrope

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    The math says, "seriously, dude?"

    That's not to say it isn't right for you. It's just a terrible bet from a HA perspective (provided you aren't counting).
     
  3. 63hearts

    63hearts Low-Roller

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    Isn't it +4 says take insurance
     
  4. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    Depends on if you are counting. If you are not, you're better off not taking it
     
  5. seviay

    seviay High-Roller

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    I don't count, so the only time I would take even money is if I had pressed my bet up to the point where it was equal to my entire buy-in (or maybe half my initial buy-in if my wife is there LOL). Otherwise, "even money is for suckers" and "scared money don't make no money" are the MO
     
  6. Gamesman

    Gamesman VIP Whale

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    Damn. OK. I conceded the bet.
     
  7. Jaygee77

    Jaygee77 Tourist

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    Even money is the exact same thing as taking insurance. (Seriously, it's the exact same outcome, regardless of if the dealer has it or not.) It's just dressed up differently. If you wouldn't take insurance, don't take even money.
     
  8. 63hearts

    63hearts Low-Roller

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    At 3:2 yes, at 6:5 no, if you find yourself playing 6:5 and are offered even money take it every time.
     
  9. meliphilus

    meliphilus Tourist

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    Did you go to the casino to get even?
     
  10. nostresshere

    nostresshere Mr. Anti Debit Card

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    If it is a "sucker bet", then why would be okay sometimes and not others?
     
  11. paperposter

    paperposter VIP Whale

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    if im betting 2k a hand and they offer even money all time i take its no big deal ,at 5$ no
     
  12. tringlomane

    tringlomane STP Addicted Beer Snob

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    Yeah. I wonder how often dealers incorrectly offer "even money" at 6:5.
     
  13. Jaygee77

    Jaygee77 Tourist

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    Absolutely...though that's only due to dealer error. Which I suspect is a whole other topic, to find out if any of us are honest enough to correct a dealer error when the error benefits us. I know I take the money and shut up (and I'd bet we all do.)
     
  14. Scottndindy

    Scottndindy Low-Roller

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    I have been in this same boat before and I took even money. I know it was high house edge but I had placed a bet way bigger than I should have. I actually had a talk with the dealer about it and we joked that if I can't not take even money then I bet way too much.
     
  15. breanna61

    breanna61 Super Moderator

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    I always say the same thing to my husband....if you've bet an amount that has you tempted not to play the hand correctly, you've bet too much.
     
  16. merlin

    merlin VIP Whale

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    As has been mentioned, you are not taking even money, you are buying ins, if you are thinking about insuring that BJ you might as well insure a 20 too...and we all know only bad players regularly take ins, so the answer is NO, never, ever take even money(unless if your counting).
     
  17. Nevyn

    Nevyn VIP Whale

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    It is bad. Equivalent to insurance.

    You give up 0.5 units 69% of the time to win one unit 31% of the time.
    The break even point would be 66.6666 to 33.3333


    Now if COUNT is really high, on the other hand ...
     
  18. Gamesman

    Gamesman VIP Whale

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    Thank you for the math. I already conceded the bet, but good to know I was wrong mathematically, I think.
     
  19. nostresshere

    nostresshere Mr. Anti Debit Card

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    Either the bet is good, or it is not.

    Why does the amount bet change the answer?

    (just asking - love having you here Paperposter)
     
  20. mickeydfly13

    mickeydfly13 Tourist

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    Although not "mathematically" correct, I would take even money every time IF AND ONLY IF I had some crazy huge bet out there--an amount that I have never wagered. Let's say someone has a net worth of $500,000 and they went on a bender, took out a home equity line of credit, etc, and had a $250,000 bet. I'd take the even money in that case. How bad would it feel pushing the hand on a crazy bet like that? You just gave up $250k. Could have had it. Period. On normal wagering, I never take it. But in some crazy situation like this, I would bet most people would. Everyone has their price :)
     
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