A progressive side bet is a bet that gives the house a certain advantage over the player. This type of bet is illegal in most casinos, but is still commonly found in online blackjack.
Progressive side bets are made up of several different components, including vigorish, edge, and insurance. .
Vigorish is the amount of money that is added to the bet each time it is played. Edge is the amount of advantage that the house has over the player.
Insurance provides protection for the player if they lose their hand.
Edge and vigorish are typically set at a percentage of the initial wager, while insurance is typically set at a fixed amount. When a progressive side bet is placed, the house takes on all of these risks and pays out based on how often they are triggered.
Edge and vigorish are usually set at a percentage of the initial wager, while insurance is typically set at a fixed amount.
There are two main types of progressive side bets: variable edge and fixed edge. With variable edge side bets, the edge changes depending on how much money has been wagered.
With fixed edge side bets, the edge remains constant regardless of how much money has been wagered.
Both types of side bets can be used to advantage casino patrons by giving them an edge over other players. Fixed edge side bets give players an advantage because they know exactly how much money they are risking; variable edge side bets can give players an advantage because they can’t predict how much risk they are taking.
