What Does It Mean To Insure In Blackjack
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- What Does It Mean To Insure In Blackjack Winnings
- What Does It Mean To Insure In Blackjack For Dummies
- What Does It Mean To Insure In Blackjack Without
- What Does It Mean To Insure In Blackjack Machines
Blackjack insurance is a term that confuses a lot of people, especially novice players. What is even more confusing is knowing when to buy blackjack insurance. Experts usually say purchasing it is a bad bet and should be avoided at all costs, but that is not always the case. But before we get into that, lets us talk about what blackjack insurance is.
What is Blackjack Insurance?
If the dealer shows an Ace during a round of blackjack, he or she will offer the player a chance to purchase insurance. If you buy the insurance and the dealer’s next card is a 10, the dealer will have a blackjack, and you would have won the insurance bet. This bet pays 2:1, but the downside is that you lose your original bet.
An insurance bet is a side bet, meaning you can take it or leave it. The buy-in for blackjack insurance is usually half the amount of your original bet. For example, if you wager £50 before the dealer shows an Ace, your insurance bet will be £25.
Why You Should Take Insurance in Blackjack
What Does It Mean To Insure In Blackjack Winnings
Some would argue that taking blackjack insurance is beneficial because you will recover at least half of your original bet should the dealer get the ace-10 combination. For instance, if you make a £50 wager and purchase insurance for £25, the dealer’s next card has to be a 10 for you to win back half, which is £25.
Why You Should Not Take Insurance on Blackjack
Most experts advise players to stay away from buying insurance because the chances of the dealer getting an Ace is 9:4. These odds indicate that the math is not on the side of the player. There are 52 cards in a single deck, and only four cards out of every 13 cards have a value of 10. On average, this means the dealer will get the ace-10 combination four times when he or she plays 13 instances – the dealer will lose 9 out of those 13 times. For experts, this makes an insurance side bet not worth it.
When Should You Purchase Blackjack Insurance?
There is only one scenario in which a side bet should be taken: when you also have a blackjack. By insuring your own blackjack, you guarantee a positive return should the dealer also get a blackjack. In this scenario, you will tie with the dealer (also known as a push), meaning your original wager remains in the betting circle, but since you won the insurance bet, you will collect the 2:1 payout. Experts will still say this is a bad bet because this strategy ignores all the math and relies more on your gut feeling (unless you are a card counter, you are relying on chance that the dealer will get a blackjack after showing an Ace).
What Does It Mean To Insure In Blackjack For Dummies
So, there you have it: only buy blackjack insurance when you have blackjack, and the dealer is showing an Ace. This will guarantee a positive return should the dealer get a blackjack. Even though experts might advise against it, the logic behind it is still sound if you are expecting an ace-10 combination.
When playing an Insurance bet, you will definitely lose some money. Image: Pixabay
Insurance is a side bet you will find in almost all Blackjack tables. Those operated by real-life dealers are no exception. This optional bet allows you to insure your wager at a certain price. Although the idea itself may seem quite attractive, placing an Insurance bet is considered one of the worst moves you can make in the game of Blackjack. Stay with us to learn more about Blackjack Insurance and whether it is worth it.
How Insurance Bet Works
As we have already mentioned, this is an optional, side bet and to play it you need to wager extra money. Insurance becomes available after the initial cards are dealt and the dealer’s face-up card is an Ace. Since the dealer’s hand could be a natural blackjack, you are allowed to insure a part of your wager. How does it function? After you see that the dealer has an Ace, you place an Insurance bet which is equal to a half of your main bet. Should the dealer hit a natural, the Insurance bet wins and you get 2:1. However, you lose your Ante bet. On the other hand, if the dealer does not show a blackjack, the Insurance bet loses.
What Does It Mean To Insure In Blackjack Without
When playing an Insurance bet, you will definitely lose some money. It can be your main bet when the dealer hits a blackjack or the side bet when the dealer doesn’t manage to create a blackjack hand. It is easy to see that you cannot win on both bets. As an Insurance bet pays 2:1, it means that you will win the amount equal to your Ante bet when the dealer has a blackjack. But at the same time, you will lose your main bet, meaning that you will in the end still lose half of your main wager. If you beat the dealer, you will win a payout of 3:2 and lose half of your main bet.
Should You Play Insurance Bet
An Insurance bet should be played only if you are sure that the dealer’s hole card is worth 10. You can be sure about it only if you count cards. As you know, it is not a reliable technique when it comes to Live Blackjack. Unlike at brick-and-mortar casinos, at live casinos, online the deck penetration is never deep enough to provide you with a card count you can bank on. You should not go for an Insurance bet especially when you have a 10 or any face card in your hand.
When you do the math, it is clear that an Insurance bet is really not worth it. Although we have given only two scenarios as an example of playing this side bet, there are other situations as well and none of them provides you with a chance to win more. You can only lose more money. The only situation in which an Insurance bet can be acceptable is when you have been dealt a blackjack and the dealer holds an Ace. By playing the side bet, you practically insure that you will keep your original wager and this is the biggest net gain you can secure. This particularly applies if you play Blackjack at high stakes.
What Does It Mean To Insure In Blackjack Machines
In conclusion, we have to underline that no matter what the dealer’s face-up card is, you should stick to your bankroll and do not take unnecessary risks. And playing an Insurance bet is definitely a risky and non-profitable move. It is better to go bust in a single round than lose your money in the long run.