3:2 vs 2:1 in Blackjack: What’s the Difference?

Blackjack 3 to 2 vs 2 to 1 odds refers to possible payout options in blackjack. The 3:2 option is more common, and it implies that the player gets a payout of $3 for every $2 spent. A 2:1 payout option is less common. In fact, it’s hard to find any casino offering a 2:1 payout ratio on blackjack-based games. However, you may find blackjack variants or side bets with a 2 to 1 payout option.

A good example of a side bet with the 2:1 payout odd is the blackjack insurance. This is a side bet offered by a few casinos that allows you to wager on the possibility that the dealer’s downcard will be a 10 card when the upcard is an Ace. This bet option provides insurance against the possibility that the dealer’s hand will be a blackjack (Ace plus 10-card).

Blackjack insurance offers a payout of 2/1. However, players are only allowed a maximum bet that’s half of their main bet. With a 2:1 payout option, players get 2x their bet amount. So if you wager $10 on this side game, you’ll be getting $20 if you win. But for a 3:2 odd, you’ll get $15 as your winnings when you spend $10.