Should I take Blackjack insurance? Blackjack Strategy Questions

by Bailey Haun
iGaming News, Casino Reviews and Games

Should I take Blackjack insurance? Blackjack Strategy Questions
One of the most disputed questions on blackjack is whether or not to take the “insurance” side-bet. Today at Casino Bonuses Now you will discover what math and reason have to say about this kind of bet offered on blackjack when things can get really messy.
For players that are somehow new to the game and don’t know what an insurance on blackjack means, then don’t worry; “insurance” is a type of side-bet offered on blackjack games when the dealer is showing an Ace on their hand. Before they show their whole hand you can make an insurance bet, this means that you will only be betting half of your bet’s original amount, but in the case that the dealer reveals a blackjack in their hand you will not lose money but you will get 2 to 1 your money back.
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On theory this sounds like great news as you will have another chance of winning money while playing against a crushing 21 hand, but the reality is that you are literally betting against the chance that the dealer has gotten a 21 on their hand; on the case that the dealer ends up with something different than a 21, then you will lose your insurance money.
Due to this risk many players all over the world discuss if taking what seems to be a “safer bet” is a good or bad decision.Especially when you consider that insurance only appears on special cases, this could mean that depending on what point of the game you are on, the result of winning or losing can increase or decrease exponentially.
In order to be able to make an insurance bet you need the following steps:
- The dealer must have a revealed Ace on its hand (before revealing the second card).
- The dealer will offer all players on the table the option to make an insurance bet.
- All players on the table must decide to make the insurance bet or not before the dealer checks its whole hand; if he checks it the offer expires.
- Insurance is a good option when you are playing a blackjack game with a large number of decks (the more the better) as it increases the odds that the dealer will have a 21 on his/her hand.
- If you have a mid-hand around 14-15 then even the insurance won’t save you from getting blown away as you are in a very poor position that could even make you lose on any situation anyways, so safe your money.
- As the bet is only pays 2 to 1 it is considered to be bad in a long-term play as the winnings don’t compensate the risk that the insurance represents.
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