Extra Blackjack Options
Besides the basic blackjack options described above the players are offered extra blackjack options which include: Insurance bet, Even Money bet and Surrender option. The first ones, Insurance and Even Money, are found in all blackjack games, whereas Surrender is very rarely found in casinos.
Insurance is an extra bet offered when the dealer shows an Ace. This bet costs half of the original bet and protects player in case the dealer has a Natural. After the Insurance bet has been taken or passed, the dealer checks his Hole card. If the dealer has a Natural, the players loses the original bet and the insurance bets win 2-to-1. If the dealer does not have a Natural, the Insurance bets are lost and the players keep on playing their hands.
In case the player has a Natural (Blackjack) and the dealer up card is an Ace, the player is offered an Even Money bet. This bet protects player from a push in case the dealer also has Blackjack. This bet equals half of the original bet as the Insurance and if the dealer has Blackjack, the player gets their initial bet back and gets the Even Money bet 2 to 1.
The surrender option is not found in many casinos, though this does not mean it cannot be found. This option provides a chance to surrender half of the original bet in cases where consider you have a losing hand. This bet is made before any decisions like Hit or Stand and allows you to save half of the original bet.
The surrender option if found can be of two types – EARLY or LATE.
Early Surrender gives a player a chance to save half of his bet before dealer checks for Blackjack. As this version is of advantage to the player, it is very rarely found. The Late Surrender is more often found at blackjack tables. This version of blackjack rules allows the player to forfeit his bet only after the dealer checks his hole card for a Blackjack.