Blackjack Insurance: What Is, When to It, and Why Should Avoid 2022

Do you know what blackjack insurance is? Well, you should learn about it, bet and the situations in which it may or may not be the best choice. We will explain that term below so you can get the best understanding after this. 

As you know, blackjack is one of the casino games that people can play whether online or in a land-based casino. This game became popular as players should play it with cards and their strategies. Therefore, that one term that players should know, ‘insurance’ is important in this card game. 

What Is Blackjack Insurance?

If the dealer’s up-card is an ace, the player can place a side wager on blackjack insurance to protect themselves against the dealer’s hand becoming ‘blackjack.’

Insurance odds in blackjack are 2/1, and the maximum bet is usually half of the player’s primary bet. In the event that the dealer has blackjack, the player may be able to break even on the hand, even if they lose their main stake.

Furthermore, before the dealer checks their hole card (the one not visible to the players), insurance is given and paid out if the hole card has a value of 10, resulting in a two-card 21. However, you can also play blackjack with real money at qqslot.

When Should A Player Take Insurance in Blackjack?

If the dealer’s up-card is an ace, insurance may appear to be an enticing alternative, as there’s a one-in-three chance their other card has a value of ten.

Unless you are an expert card counter, however, probability indicates that insurance is a losing bet in the long run.

To win your insurance bet, the dealer must hold a 10-value card as his hole card. Expert card counters can keep track of how many cards are left in the deck and determine when there are enough to make the percentage call on insurance.

Why Should You Avoid Taking Insurance in Blackjack?

The example below illustrates why, even in the best-case situation, betting insurance in blackjack is a losing strategy in the long run.

  1. In a one-deck game, you’re playing alone versus the dealer, and neither of the cards in your first hand has a value of ten.
  2. As a result, 16 of the remaining 49 cards have a value of 10, ensuring that your £10 insurance bet has the best chance of winning.
  3. Regardless, your position is one that is unlikely to be sustainable in the long run.
  4. The £10 insurance bet wins 16 times on average and loses 33 times. Each win is worth £20, for a total of £320.
  5. However, the 33 losses at £10 each leaves you with a total loss of £10.

Because neither you nor any of the other players have 10-value cards in their starting hands, this is the best-case situation. If this were the case, the odds of the dealer having a 10-value hole card (and thus winning your insurance bet) would be substantially lower.

Finally, that is a brief explanation on what is blackjack insurance and when to take it. For reminder, if you are planning to play this game online, make sure that your chosen casino is trusted so you can play it safely. 

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