And I thought that insurance was being sneaky. It has nothing on Bad Beat Blackjack Progressive by DEQ Systems Corp. DEQ has spent the last five years creating and designing a new electronic side bet that can be built into blackjack tables.
Shall we compare the two and see just how sneaky Bad Beat Blackjack Progressive is.
First we will look at insurance. Insurance is offered when the dealer has an Ace showing, and essentially is a side bet on whether the dealer’s hole card is worth 10 or not. If the hole card is worth 10 the dealer has a natural blackjack, you would lose your original wager, but you would collect 2-1 on your insurance side bet so that you were paid an amount that is equal to the wager you lost.
There are only four Aces per deck. Let’s say that you are at a table that is using four decks, like a Vegas Strip Blackjack table. That means there are sixteen Aces out of 208 cards. On average there is a 7% chance that an Ace will show as the up card. So you only have the opportunity to take insurance sixteen times.
Now we will look at Bad Beat Blackjack Progressive.
This is a side bet that will pay the player if they have a final hand total of 20 and are beaten by the dealer with 21. The more cards that make up the dealer’s 21, the more the player receives on their side bet; but a dealer 21 made up of seven cards will payout the progressive jackpot.
Bad Beat Blackjack Progressive plays on the notion that the player will always receive something if his strong hand is beaten. Which on the surface sounds like a good idea. But there are several problems:
– It only covers a player 20, not a player who hits to 21.
– It does not cover if the dealer beats you with a natural blackjack.
– It does not cover pushes.
And perhaps the biggest problem of all is that the side bet can be made every single round. This is very bad. At least with insurance there are only certain times it is offered. But Bad Beat Blackjack Progressive puts players in the position to lose even more money every single round. The probability of you having a hand total of 20 and the dealer beating you with a multi-card hand of 21 is actually very slim.
This is one type of side bet that should be high on your list of things to avoid since you stand a better chance of losing more money each round than you do of winning a payout off of it. And it is just horrible to prey upon player feelings in order to extract more money. Sure, it is a blow when our 20’s are beaten, but that is a part of the game.
And this company, this DEQ Systems Inc., has created a way for casinos to cash in on that feeling. Because of the increased opportunity for players to lose money Bad Beat Blackjack Progressive should be avoided. There is no sense to throwing money away on almost every hand to collect on a hand here and hand there—the financial cost does not balance out unless the dealer has a seven card 21.