Blackjack No, Not That One
Black jack insurance is available to you whenever the dealer’s face-up card is an ace. If this happens, you have the option to “take insurance” before the dealer checks the face-down card. Despite the name, it has nothing to do with insuring your original bet and can be viewed as a side bet. If the dealer actually has a blackjack (Ace + 10), you win the bet and it pays 2-to-1. If the dealer does not have blackjack, you lose your side bet. Up to 50% of your original wager can be made on insurance.
However, they can redeem two 50-cent chips for a $1 chip. No double after splitAfter a split, most games allow doubling down on the new two-card hands. Disallowing doubling after a split increases the house edge by about 0.12%. ResplittingIf the cards of a post-split hand have the same value, most games allow the player to split again, or “resplit”. The player places a further wager and the dealer separates the new pair dealing a further card to each as before. Some games allow unlimited resplitting, while others may limit it to a certain number of hands, such as four hands (for example, “resplit to 4”).
I learned this game 20+ years ago, and we always called it black jack! The rules were very slightly different than your rules. There are more accurate charts for specific numbers of decks and certain rules. If the player’s hand loses to Blackjack, then only the mandatory initial bet is forfeited and all other optional bets that have not bust will be pushed and returned.
Once the cut card is reached, the shoe will be changed, without dealing all remaining cards. The more cards left in the shoe at the time of a change, the harder it is to benefit from card counting practices. As such, the odds swing away from the player as the shoe penetration decreases. This is, of course, irrelevant for games that use continuous shuffling machines.
You can check out this sheet for a handy guide to blackjack variants and their respective RTPs. Lucky Ladies has a much lower RTP at just 86.66% but is favoured by many players due to its high payout opportunities. The goal is to have your first two cards total 20, with the best hand being two queens.
The correct strategy moves for hard 16, assuming you cannot surrender are relatively easy to remember. You stand on 16 against 2 through 6 and hit versus 7 through ace. The same applies to multi-card totals that add up to 16, or at least if you follow total-dependent basic strategy.