N.J. Admin. Code § 13:69F-2.9

Current through Register Vol. 56, No. 19, October 7, 2024

Section 13:69F-2.9 - Insurance wagers

(a) Whenever the first card dealt to the dealer is an ace, each player shall have the right to make an insurance bet which, except as otherwise provided in 13:69F-2.7(c), shall win if the dealer's second card is a king, queen, jack or 10 and shall lose if the dealer's second card is an ace, two, three, four, five, six, seven, eight, or nine.

(b) An insurance bet may 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. If a card reader device is not in use, all insurance wagers shall be placed immediately after the second card is dealt to each player and prior to any additional cards being dealt to any player at the table except, at the discretion of the casino licensee, a player may place an insurance wager immediately prior to such player indicating whether he or she wishes to double down, split pairs, stand, and/or draw as provided for in this subchapter and prior to any additional cards being dealt, provided that the casino licensee complies with the notice requirements set forth in 13:69F-8.3. If a card reader device is in use, all insurance wagers shall be placed prior to the dealer inserting his or her hole card into the card reader device.

(c) All winning insurance wagers shall be paid at odds of 2 to 1.

(d) All losing insurance wagers shall be collected by the dealer immediately after he or she draws his or her second face up card or discloses his or her hole card and before he or she draws any additional cards.

(e) Insurance wagers shall not apply to the progressive blackjack wager permitted pursuant to 13:69F-2.19.

(f) An insurance wager does not apply to any of the additional wagers permitted pursuant to 13:69F-2.17(a).

N.J. Admin. Code § 13:69F-2.9