Blackjack Insurance Bets: How Do They work?

Betting Guide / Betting Help

May 13,2022
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Bruce Williams

Blackjack Insurance Bets

Insurance bets are a form of side bet in Blackjack that can help you avoid losses if you think the dealer will hit Blackjack but can also aggravate them. That's why we're here to inform you about Blackjack insurance bets. Find out now.

How To Place Insurance Bets

The dealer will ask each player at the table if they want to gamble on insurance. If you choose this option, you must set the appropriate quantity of chips on the table. For example, a $10 original stake requires a $5 side bet. When playing online Blackjack, a pop-up screen will ask if you want to bet insurance or not and if the dealer's hole card is an ace.

Pros And Cons Of Insurance Betting

Whether you play online or at a live casino, you've surely noticed that most Blackjack games provide insurance. The major reason is that many participants favor blackjack Insurance bets. Still, experienced players generally think that this one is a terrible bet. You should avoid betting on insurance if you do not want to analyze circumstances when it may be useful. However, card counters might benefit from the Insurance bet since they are believed to know when to make use of it for maximum profit. If you're a card counter and being given insurance, you should know if there are any 10-value cards left in the deck. Would you bet on insurance if there were no more 10-value cards? The dealer cannot have Blackjack! However, the dealer's hand always wins if the deck only has 10-value cards.

If you are not a card counter, you should study and practice a good insurance technique. If you are not prepared to use the Insurance bet successfully, the most practical answer is to avoid utilizing it. At first look, insurance appears like a good way to safeguard your money. But, it guarantees nothing. Ultimately, you only gamble on whether the dealer has a Blackjack hand. Statistically, putting an Insurance bet seldom pays off, and you will not recover the losses over time. However, while all Blackjack experts agree that taking the Insurance bet is not the greatest approach, there are times when we may prefer to cover our Blackjack and the chance of a win.

With Blackjack, Can You Use An Insurance Bet?

If the dealer's up card is an ace, the player will receive an alternate insurance bet. The dealer will offer you an amount equal to your initial stake, regardless of the dealer's second card. This is known as "taking even money. So, assuming the player's original stake was €100, he will be withdrawn from the round with a profit of €100.

Why Use Blackjack Insurance

Insurance bets might be attractive when the dealer has an ace and you have a poor hand. Yet, the probabilities tell us that the dealer is unlikely to get Blackjack, even if his first card is an ace. Thus, the chances of an insurance bet are always against him. While four cards can achieve Blackjack when the first card is an ace, only 30.8 percent of the time will one of them be the second card, meaning that you should examine carefully any insurance bet since they may double your losses. On the other hand, an insurance bet is a good option if you have Blackjack and are concerned about the dealer having the same wins.

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