Even Money Bet in Blackjack: All You Need to Know

In the gambling world, all the players every day comes up with a new strategy to make their game interesting and also win more money. Even money bet is one of the popular options used by many blackjack lovers. But not everyone knows about Even Money Bet. So, In this blog post, we will explain all you need to know about the even money bet in blackjack. 

Blackjack is a popular gambling game in many areas. It’s possible that this is many bettors’ favorite game.  The goal of the game is to have a higher hand total than the dealer but not exceeding 21. When a gambler receives a blackjack (an Ace and a 10-value card), they are usually paid 3:2. However, there is a gamble known as “even money” that defies this rule.

What is an Even Money Bet in Blackjack?

When a player holds a blackjack and the dealer’s face-up card is an Ace, he or she can place a “even money” bet. Because the dealer’s Ace increases the likelihood that the player will have blackjack, the player might choose to earn even money rather than the standard 3:2.

When a player chooses the “even money” wager, they are assured an immediate payout equal to their original bet, even if the dealer also has a blackjack. To put it another way, the player foregoes the possibility of a larger payoff in return for the certainty of a 1:1 payout.

Even money can be an excellent option for people who prefer to be cautious and avoid taking chances. By accepting even money, players avoid a “push,” in which neither they nor the dealer win or lose. Instead, they make certain that they will win whether or not the dealer has a blackjack.

Should I Take Even Money while Playing Blackjack?

No way. Math doesn’t work. You hope the dealer will make blackjack enough times to justify your even money play. This won’t happen.

In a six-deck blackjack game with an ace dealer, you have a blackjack. The dealer has a 30.7 percent chance of making a blackjack with 96 tens-through-king cards.

30.7% of your hand will be a push. It could be preferable to ask for even money and ensure your profit. Wrong.

If you do nothing, the dealer’s downcard is 69.3% likely to be less than 10:

You win 0 profit units 7% of the time dealer has blackjack.
3% of the time dealer does not hold blackjack, and you earn 1.5 units (3:2).
The average blackjack hand is worth 1.04 units. When the dealer upcard is an ace, your blackjack hand estimated profit value is $10.40 if you bet $10. Why do casinos want you to always take even money and settle for $10?

Casinos aren’t sneaky. Just cute. This gives them a small blackjack house edge to make money.

Pros and Cons of Even Money Bet

Now that we understand what an even money bet is, let’s explore its pros and cons.


  1. Guaranteed Payout: The primary advantage of the even money bet is the guaranteed payout. Players who prefer to play it safe can opt for even money to avoid the risk of a push.
  2. Risk Mitigation: By accepting even money, players eliminate the uncertainty of losing the original bet in the event of a push. This can provide a sense of security and reduce the potential for disappointment.


  1. Lower Payout: The main drawback of the even money bet is the reduced payout. Choosing even money means sacrificing the higher 3:2 payout in favor of a 1:1 payout.
  2. Missed Opportunities: Opting for even money when the dealer’s up card is an Ace can result in missed opportunities for a larger payout. If the dealer doesn’t have a blackjack, the player would have received the higher 3:2 payout by not choosing even money.

When to Choose Even Money?

Knowing when to choose even money is crucial for players to make informed decisions during a blackjack game. Here are a few factors to consider:

  1. Consider the Odds: Evaluate the likelihood of the dealer having a blackjack based on their face-up card. If the dealer’s card is a 10-value card, the chances of them having a blackjack increase, making the even money bet more tempting.
  2. Assess Your Risk Tolerance: Determine your comfort level with risk. If you prefer a guaranteed payout and want to avoid potential losses, even money might be the right choice for you.
  3. Bankroll Management: Consider your overall bankroll and the impact of the reduced payout on your long-term profitability. If you’re playing with a limited budget, even money can help ensure a more stable bankroll.


All blackjack players can make an even money bet when they receive a blackjack, and the dealer’s up card is an Ace. Players secure a 1:1 payout by choosing even money, avoiding the risk of a push and ensuring a guaranteed win. While it may appeal to risk-averse players, it’s important to weigh the lower payout against the potential for a higher 3:2 payout. Understanding the odds and assessing your risk tolerance are key factors in deciding whether to choose even money. Ultimately, the decision rests on your personal preferences and playing style. So, next time you find yourself in a blackjack game with a blackjack and the dealer shows an Ace, consider the even-money bet and make your move wisely.

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