Hit & Stand strategy
Not all cards allow you to double down or surrender your hand. This leaves us with the dilemma of whether to hit or stand. While it may seem obvious when the pressure is on, the proper course of action can become clouded. For example, you might decide to hit at 16 when you should stand or vice versa at different times. After reading our section on hitting & standing, you can avoid making mistakes.
The Insurance option is a side bet that, for an added stake of half our bet, we can make when the dealer has an ace displayed. The insurance protects us from the danger that the dealer has a blackjack. If this is indeed the case, we can win triple (3x) the value of our side bet back, effectively breaking us even on the bet. Sound like a good idea? This has an easy answer – no, it’s not! It would be best for you never to use insurance. Find out why here as we explain the reason.
Even Money strategy
The Even Money strategy applies in a scenario where we’ve been dealt a hand of 21, and the dealer’s face-up card is an ace, which could potentially mean 21 also. A tie would mean that we get our stake back but lose out on the chance of making a profit. The house offers us the option of even money where the hand ends, and we collect double our stake in return. While this might sound like a good deal, this is not unlike using insurance, which will effectively lower our profit by 4% over the long run. We’ve got more insight into this strategy, including the mathematics involved.