1:1 payoff for BJ vs. dealer Ace - deal or no deal?

[21forme]

There was something new at the Borgata in AC today:

If you have a blackjack and the dealer had an Ace showing, they offered paying even money. After that, the dealer then asked if anyone wanted insurance, then peeked at the down card.

My gut tells me taking even money isn't a good bet (if the dealer doesn't have a 10 buried, you win 3:2, and if he does have BJ, then it's a push), but wonder if anyone else has any comments?

 

[Brutus]

its a loser by I think 4%.
same as taking insurance for a BS player

 

[bluewhale]

There was something new at the Borgata in AC today:

If you have a blackjack and the dealer had an Ace showing, they offered paying even money. After that, the dealer then asked if anyone wanted insurance, then peeked at the down card.

My gut tells me taking even money isn't a good bet (if the dealer doesn't have a 10 buried, you win 3:2, and if he does have BJ, then it's a push), but wonder if anyone else has any comments?

Even money (chicken money) are just casino names for insurance. think about it, it works out to the same thing. taking even money IS taking insurance.

 

[sagefr0g]

only take even money if the true count is right for taking insurance.
that would be at tc> = +3 .
some may take even money on a small bet as a cover act.

 

[EasyRhino]

You know, in KO blackjack, the authors work out an explanation saying that the house edge on "even money" actually is somewhat lower than on insurance. But there was a lot of formulas so I didn't pay attention.

Is that true?