N.J. Admin. Code § 13:69F-2A.8

Current through Register Vol. 56, No. 24, December 18, 2024

Section 13:69F-2A.8 - Insurance bets

(a) Whenever the first card dealt to the dealer is an ace, each player shall have the right to make an insurance bet, which shall win if the hole card of the dealer is a king, queen, jack, or 10, and shall lose if the hole card of the dealer is an ace, two, three, four, five, six, seven, eight, or nine.

1. A player may make an insurance bet on either or both of the player's hands.

2. Any insurance bets shall be placed only after the first four cards are dealt to all players, before any players are offered the opportunity to switch cards pursuant to N.J.A.C. 13:69F-2A.7, and before any additional cards are dealt to any player.

3. If a card reader device is in use, all insurance bets shall also be placed before the dealer inserts his or her hole card into the card reader device.

(b) An insurance bet shall be made by placing on the insurance line of the layout an amount not more than half the amount staked on the player's initial wager, except that a player may bet an amount in excess of half the initial wager to the next unit that can be wagered in chips, when because of the limitation of the value of chip denominations, half the initial wager cannot be bet.

(c) All losing insurance bets shall be collected by the dealer immediately after the dealer discloses his or her hole card and before the dealer draws any additional cards.

(d) After all losing insurance bets are collected, all winning insurance bets shall be paid at odds of 2 to 1.

(e) Insurance bets shall not apply to the match wager.

N.J. Admin. Code § 13:69F-2A.8