Blackjack Insurance Explained

What is Insurance in Blackjack?

A rookie mistake in most cases. Insurance in Blackjack hardly means anything to the player and means more money for the house. One of the things most often seen is that the dealer will put the player on the spot with insurance and ask before a hand is dealt. This means that the player will be going in blindly as far as if they will even need it or not therefore, insurance is something a lot of beginners fall for but catch onto quickly.

When the dealer draws a face up ace, the player is presented with the opportunity to take out insurance if they would like. In land based casinos, the dealer will go around the table and ask everyone present if they would like insurance. When the player takes out insurance, this comes in handy if and only if the dealer gets blackjack. Half of the player’s bet will be returned as the insurance. If the dealer does have blackjack, players will win 2-1 on their insurance wager. Need an example? Make a $10 bet, the dealer draws an ace, from there your insurance will cost you $5. When the dealer turns over another card to land him blackjack, you will take the $5 back but lose the $10 in total. If the dealer does not have a natural Blackjack in this run, players will lose the $5 insurance but they will still have the opportunity to beat the dealer with the original $10 wager.

Just about any seasoned Blackjack player out there will let you know that insurance is in fact bad. In order for you to make a decision about insurance, you needed to understand what the reasoning behind the insurance bet is. Because so many don’t educate before sitting down at a table, this is a good money maker for the house. Due to the name “insurance” players are under the impression that the money is to protect their hand, which in fact this is not the case. You are simply betting that the dealer does have Blackjack which means no additional gain for yourself.

Nine times out of ten, the insurance bet will not land you a win, unfortunately. But with the game of Blackjack, there are many different betting strategies made available to players. Many different systems to be followed and rules to be broken. Whether you’re playing online or in a land based casino, the game is purely about odds with a little bit of skill and luck to get you by.