Both Even Money and Insurance are types of bets in blackjack. The difference is that even money is a bet that the dealer will draw to an ace, while insurance is a bet that the player will draw to a certain card.
Even money is a simple wager – you’re betting that the dealer will draw to an ace. This is a fairly safe bet, since almost every dealer in the game will hit an Ace at some point.
If you’re dealt an Ace, your hand will be strong enough to beat most other hands.
Insurance is more complex than even money. You’re betting that the dealer will not hit an Ace, but rather will draw to another card.
If the dealer drAWS to an ace, your hand will be weak and you’ll lose your bet. But if the dealer drAWS to a card other than an Ace, your hand will be strong and you’ll win your bet.
Both bets have their own advantages and disadvantages. Even money is always safe, but it’s not as likely to pay off as insurance.
Insurance is more likely to pay off, but it’s more complex and risky than even money.
