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(5) a transaction that relates to the likelihood of anything occurring or not occurring may be a bet within the meaning of subsection (1) despite the facts that - (a) the thing has already occurred or failed to occur; and (b) one party to the transaction knows that the thing has already occurred or failed to occur. (a) entitlement to participate in the arrangement, scheme, competition or device depends on - (i) the payment of or giving of any money or money equivalent or any thing else of value by the participant; or (ii) the attendance or other qualification of the participant, without payment; and (b) the distribution depends, at any stage of the arrangement, scheme, competition or device, on an element of chance (even if the arrangement, scheme, competition or device, in some other respects, involves a genuine or purported exercise of skill), and includes lucky draws, raffles and sweepstakes, and any transaction by way of gambling that is classified under the regulations as a lottery, but does not include any arrangement or scheme, competition or device that is specified or described by the minister, by order in the gazette, not to be a lottery for the purposes of this act.
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during blackjack, the "house" will offer you insurance when the dealer is showing an "ace. before playing online blackjack, consider making an insurance strategy, whether you always want to take or leave the insurance.
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