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Blackjack Making Right Choices Count Part 2

Here’s another example of how the proper decisions can affect your monetary expectations. All casinos I'm familiar with offer insurance. If the dealer is showing an ace, you can make a bet that is up to half your original wager that the dealer will indeed have a ten-valued card under his ace and therefore a blackjack. (Whenever a dealer shows an ace she will call out: “Insurance!” and give players the opportunity to make this bet.)

The insurance bet pays off at two to one. At first this seems like an attractive proposition -- after all the dealer has a pretty good chance to have that ten-valued card as there are four ten-valued cards for every 13 cards in the deck. And the casino is paying you two to one if you win the wager! But hold it a moment. If there are four ten-valued cards for every 13 cards, that means there are nine non-ten-valued cards - cards that will make you lose your insurance bet. So let’s see how that works out.

Let’s say that you are betting $20 per hand. Thus, your insurance bet will be $10. You win four times out of 13 for a total win of eighty dollars. However, you lose nine times for a total loss of $90. That’s a ten dollar difference. If you divide the 13 decisions into the 1 unit loss (or $130 bet into $10), you get an edge for the casino of 7.69 percent! You can expect to lose $7.69 for every $100 bet in this situation. That is some big edge and that is why insurance is not the way to go.

Still, here is a common mistake that many players make. The dealer is showing an ace and asks if you want insurance. You have a hand composed of two ten-valued cards. You want to make sure that you win that hand, which is the second strongest hand in blackjack. So you insure. Simple logic tells us that if you have two ten-valued cards in your hand, you have increased the dealer’s chance of not having a ten-valued card under his ace! Yet, many players will give the casino an even greater edge over them in this situation because they erroneously think they are improving their chances to win by insuring when in fact they are increasing their chances to lose.

Not all hands are as dramatic as the above but all hands have better or worse results depending on how you play them. The key is to make the right decision every time and thus reduce the house edge. In short, the above examples show us clearly that the decisions blackjack players make affect their chances for success.

The best approach to blackjack is to learn the complete basic strategy for the games you intend to play. These can be found in most good books on blackjack, including my own Best Blackjack.

However, as a shortcut that can be used by readers of this site tonight, I have created a much simpler version of basic strategy - called The Lucky 13 - that, if followed, will reduce the house edge to below one percent. It is found in the sidebar accompanying this article.

Frankly speaking, to avoid waking up tomorrow morning feeling as if you had been hit over the head with a blackjack, follow my Lucky 13 simple basic strategy tonight. Then when you have the chance, learn the complete basic strategy. And, happy sailing, sailor!

Frank Scoblete’s Lucky 13: A Simple Basic Strategy
Always split aces.
Always split eights.
Always stand when you have 17 or more.
Always hit your 12 through 16 when the dealer has an upcard of 7 or more.
Always hit your 12 against a dealer upcard of 2 or 3.
Always stand on your 12 against a dealer’s 4 through 6.
Always stand on your 13 through 16 against a dealer upcard of 2 through 6.
Always hit hand totals of 11 or less, no matter how many cards compose them, against all dealer upcards.
Always double on two-card totals of 11 when dealer has upcard of 10 or lower.
Always double on two-card totals of 10 when dealer has upcard of 9 or lower.
Always stand on your hands of A7, A8, A9 against all dealer upcards.
Always hit on your hands of A2, A3, A4, A5, A6 against all dealer upcards.
Never take insurance.


Visit Websites Of The Scoblete Network

www.goldentouchpoker.com
www.goldentouchcraps.com
www.goldentouchblackjack.com
www.scoblete.com
www.gscobe.blogspot.com
More Columns By Franki Scoblete

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