Tropicana offers insurance on blackjack, not even money

[ArcticInferno]

Someone please confirm this for me.
I was at Tropicana a few weeks ago.
I got a natural blackjack and the dealer was showing an Ace.
I said I wanted even money, but the dealer and the supervisor said that they changed their casino policy regarding even money.
They got rid of even money, but they do offer insurance on blackjack.
Yes, I understand that they're exactly identical.
However, to buy insurance, you have to put up the money before the dealer turns over the hole card.
What if you have no more chips left???!!!
It's aggravating, but I can live with it.
Does anybody know what they have to gain from this policy change?
How much more money can Tropicana possibly make from this silly little policy change?

 

[winr_winr_chicken_dinner!]

They will probably make quite a bit on this policy. A lot of people out there know how to take even money, but know nothing about how insurance really works. Quite a few of those people have been taught that "even money is always a sure winner" and that "taking insurance is throwing money away".

Go ahead and take those "even monies" if the situation warrants it I guess...

 

[peaegg]

Trop hasn't offered even money

This is not new. For more than 10 years that I played there, they never offer even money. I am not sure this is in favor of casino. My sense is that less likely people would take insurance than taking even money. Or player might take less than 1/2 amount for insurance.

 

[moo321]

Don't you want the ploppies to take even money?

 

[HockeXpert]

I would say the policy is "counter" productive. We all know that insurance is a sucker bet unless the count justifies it. If a ploppy doesn't understand the rule and won't put up extra money or doesn't have the funds to do so, the casino is losing the extra revenue they would get.

Allowing a ploppy to take insurance on a bj is a winner for the casino. It is a sucker bet. It actually hurts us in the long run because ploppies aren't contributing as much to our funds.:laugh:

I would bet some table games genious convinced management that not paying even money is more profitable.:joker:

HockeXpert

 

[moo321]

I would bet some table games genious convinced management that not paying even money is more profitable.:joker:

Bingo.

 

[FLASH1296]

For most of the history of casinos in Atlantic City the N.J.C.C.C.'s rules forbade the time-saving "even money" procedure.

I thought that that rule had been rescinded a few years ago.

Perhaps not.

 

[Canceler]

Should've left already...

What if you have no more chips left???!!!

Why did you start the hand without enough $$$ to double or split???!!! :grin:

 

[ArcticInferno]

I had the funds to put up the insurance.
I always play with sufficient bankroll.
I was asking a hypothetical question.

 

[geneticfreak]

For most of the history of casinos in Atlantic City the N.J.C.C.C.'s rules forbade the time-saving "even money" procedure.

I thought that that rule had been rescinded a few years ago.

Perhaps not.

This is true, I remember a couple years ago when the rule was changed to allow even money and there were small signs added to the table limits signs indicating 'Even money available'. It definitely confused some people and some dealers had trouble explaining it also.

 

[Brock Windsor]

When you take even money don't be shy about also putting up an insurance bet with a new dealer. You may be surprised how often you can take even money and get insurance.
-BW