A question I get asked quite frequently by casino players is whether they should take insurance in blackjack. It seems to be something that confuses a lot of people, even among those that fullyunderstand basic strategy and the role that math has to play in blackjack.
- How Does Blackjack Insurance Work
- How Does Insurance Work In Blackjack
- What Is Insurance In Blackjack
- When To Take Insurance Blackjack
When I'm asked this question I usually just give a simple answer (no), but I sometimes feel inclined to expand on this and explain why. I recently did this with a player who asked the question,and for one reason or another he just couldn't seem to accept what I was saying. He was absolutely convinced that the insurance bet is always the right way to go.
The insurance bet is a separate bet that the dealer has a blackjack. You put up half the amount of money of your regular bet and if you win you are paid 2-to-1. So you win your insurance bet but you also lose your regular bet to the dealer's blackjack. Thus, in that round you break even. The insurance bet is a separate bet that the dealer has a blackjack. You put up half the amount of money of your regular bet and if you win you are paid 2-to-1. So you win your insurance bet but you also lose your regular bet to the dealer's blackjack. Thus, in that round you break even. When do you take insurance? How Does Blackjack Insurance Work? What you are doing when you take insurance is wagering that the dealer will obtain a blackjack. The dealer communicates the option of this side bet to players at the table. When playing online, you will see a pop-up button announcing the availability of blackjack insurance.
My initial reaction was to wonder why he asked me the question in the first place, as he was so sure he knew the correct answer himself. My second reaction was to think that I should write a blogpost about taking insurance in blackjack. So here it is! I'll explain exactly what the insurance bet is for any of you who are not familiar with it, and then use some basic math to explain whyit's a bad bet.
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One seemingly good bet to beginning blackjack players is taking insurance. And a major reason why beginning players are fooled into thinking insurance is a good idea is because dealers ask players beforehand if they want insurance when the opportunity arises. However, this is a very poor wager, and we'll get into the specifics of why after explaining more about this bet.
How Does Blackjack Insurance Work
How Insurance Bets Work
The opportunity for insurance wagers arise when the dealer draws a face-up ace; at this point, the dealer will go around the table and ask everybody if they want to take insurance. The insurance is in case the dealer receives a blackjack, and you put out half of your original bet as the insurance. Assuming the dealer does have a blackjack, you win 2-1 on your insurance wager.
To illustrate how this works, let's say that you make a $10 bet, and the dealer shows an ace. You then take the offered insurance bet by laying another $5 out on the table. The dealer turns over his second card, which is a king, thus giving him a blackjack. In this event, you receive win $5 on your insurance bet ($10 total), but lose $10 since the dealer had a blackjack. So basically, your overall bet was a push, and this doesn't seem like such a bad deal so far.
Now, let us assume that the dealer didn't have a natural blackjack; in this instance, you automatically lose the $5 insurance wager; however, you still have a chance to win the original $10 wager if your hand beats the dealer's.
Why the Insurance Bet is Bad
How Does Insurance Work In Blackjack
One seemingly good bet to beginning blackjack players is taking insurance. And a major reason why beginning players are fooled into thinking insurance is a good idea is because dealers ask players beforehand if they want insurance when the opportunity arises. However, this is a very poor wager, and we'll get into the specifics of why after explaining more about this bet.
How Does Blackjack Insurance Work
How Insurance Bets Work
The opportunity for insurance wagers arise when the dealer draws a face-up ace; at this point, the dealer will go around the table and ask everybody if they want to take insurance. The insurance is in case the dealer receives a blackjack, and you put out half of your original bet as the insurance. Assuming the dealer does have a blackjack, you win 2-1 on your insurance wager.
To illustrate how this works, let's say that you make a $10 bet, and the dealer shows an ace. You then take the offered insurance bet by laying another $5 out on the table. The dealer turns over his second card, which is a king, thus giving him a blackjack. In this event, you receive win $5 on your insurance bet ($10 total), but lose $10 since the dealer had a blackjack. So basically, your overall bet was a push, and this doesn't seem like such a bad deal so far.
Now, let us assume that the dealer didn't have a natural blackjack; in this instance, you automatically lose the $5 insurance wager; however, you still have a chance to win the original $10 wager if your hand beats the dealer's.
Why the Insurance Bet is Bad
How Does Insurance Work In Blackjack
What Is Insurance In Blackjack
Consult any source of blackjack strategy and they'll tell you that insurance is bad. And the first thing you have to understand with this concept is exactly what insurance entails. Most players mistakenly assume that insurance is meant to protect their hand in the event that the dealer has a blackjack. But the reality is that insurance is merely a wager on the dealer having a natural blackjack.
When To Take Insurance Blackjack
The main number you want to concentrate on here is 9:4 odds – or rather, the odds against the dealer having a blackjack when they're showing an ace is 9:4. To break this down further, let's say you make $5 insurance bets 130 times; based on the 9:4 odds, you'd win your bet 40 times for $400 in total winnings ($10 total earnings X 40 bets). On the other hand, you'd lose 90 of these bets for $450 in total losses ($5 total losses X 90 bets). New no deposit casino codes usa. As you can see, this leaves you $50 in the hole, thus making it a bad bet overall.
