Blackjack insurance was invented by casino bosses who liked the sound of inserting a new side bet during a game of blackjack. The name, betting and payout structure were all designed to appeal to players who were worried about the dealer making blackjack, and who might be willing to pay a little more for the chance to come away even, despite losing their main hand.
To understand why the Blackjack Insurance bet is so bad you need to take a quick look at the mathematics of the game, lets take a 2 deck game that offers players a House Edge of 0.45%. The house edge is worked out by looking at the rules, and in this example the Dealer will always hit a soft 17, and a player can double down after a split but ...
In blackjack, insurance is a side bet which is separate to your original stake. Offered only when the dealer's upcard is an ace, it acts as a safety net against an opposing blackjack. An insurance bet is usually half your original wager and pays 2 to 1.
As there are four cards worth 10 in Blackjack (10, Jack, Queen and King) players can place an insurance bet if they feel the dealer will get Blackjack. Insurance bets pay 2:1 and allow the player to stake up to half of their original bet, meaning should the dealer turn out to have Blackjack, the player wins the amount of their original bet and does not lose any money on the round.
Insurance in Blackjack, also known as a Side Bet. Insurance is one of the many options offered to a blackjack player, but it is an option which is most often exercised incorrectly in live play. Insurance is a side bet which is considered independently of the main wager made by the player. All casinos offer insurance as a standard option.
Insurance in blackjack is a side bet that the player can place if the dealer’s up-card is an ace. An insurance bet is placed on the assumption that the dealer has a ten-value card, apart from the ace, giving him a blackjack. Once the cards are dealt, the dealer asks for insurance bets from all players before the first one plays.
In the online blackjack game, you will see the “insurance” icon, giving you an opportunity to exercise a side bet, allowing you to ensure your hand against instantly losing to the dealer’s two-card 21. You will then have to decide whether you’re going to do this or not.
Blackjack insurance is a side bet offered to the player if the dealer’s up-card is an ace, as insurance against the dealer’s hand being ‘blackjack’. Blackjack insurance odds pay out at 2/1 ...