The casino is counting on you to take the even money; next time, surprise them and decline it. Note: There are three opportunities where it might sense to take even money. First is if a casino is paying 6-5 for a blackjack and offers even money, in which case you will have the advantage. (Don’t get too excited because firstly, you should never play in a 6-5 blackjack game, and secondly, most casinos are not that stupid to offer even money on their 6-5 tables.)
Even money bet in blackjack is an option that becomes available in the following scenario: Your first two cards are worth 21 points. In other words, you get an Ace and a 10. The upside card of the dealer is also an Ace. In other words, there is a possibility that the dealer may also have 21 if...
Even money comes into play when you have a blackjack hand and the dealer’s upcard is an ace. When this occurs, the dealer will ask you if you want “even money.”. If you say “yes” she will immediately pay you even money on your wager, before she peeks at her hole card, and then place your cards in the discard tray.
Even Money In Blackjack - Taking Even Money With A Blackjack. There is a betting option available to blackjack players known as even money. The process is simple. If the player is dealt a natural blackjack, as in their first two cards are summed to equal 21, and the dealers exposed card is an ace, the even-money bet is a form of insurance policy.
The answer is: NEVER TAKE THE EVEN MONEY ON YOUR BLACKJACK. Here’s why: When the dealer has an Ace showing, you’re going to PUSH approximately 30.74% of the time. Also consider that you will have a blackjack approximately 6.4% of the time when the dealer shows an Ace. Without taking the even money, you’ll get the 3 to 2 payout 69.26% of the time.
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So basically, even money is just an insurance bet that you can only make when you have a blackjack. When you take even money, though, you lose your opportunity to get the 3:2 payoff. You don’t have to put up the additional bet, because the casino has just subtracted that $50 from your payoff for your hand.
In blackjack, even money bet is a side bet offered to a player that has a natural (an Ace and a ten-valued card) in case the dealer has an Ace as a face-up card. This bet costs half the size of the original bet. Even money bet protects the player from a push if the dealer has a blackjack.
Taking even money when you have blackjack and the dealer has an ace is just an expedited version of insurance, so it's also obviously a bad bet. However, recently I've seen two different Las Vegas casinos offer even money on blackjack-vs.-ace on a 6-5 table!