What Is The Insurance Bet in Blackjack?
Insurance in blackjack is a strategy available to players only when the dealer's exposed card is an ace. With this option, players can make a side bet that the dealer will hit blackjack and if the dealer does, then the player doubles their bet. This is a strategy many players take advantage of when they feel they are dealt a bad hand and are confident that the dealer is going to hit jackpot.
When Should I Take Insurance In Blackjack?
If you feel like you have a bad hand and the dealer's exposed card is an ace, then you should implement an insurance. That way the player can still win in the round where the dealer has blackjack. This is a risk, however, so be aware that taking insurance is no guarantee for a win. They pay from insurance is 2:1 so it is a good way to double your bet if the dealer hits blackjack.
Is It Worth It To Take Insurance In Blackjack?
It depends. If you truly believe the dealer will hit blackjack or are feeling lucky, then yes. If not, then it is a bad bet. It is all risk/reward like any other aspect of blackjack and players should go into every situation understanding that. Blackjack is a game of chance as a concept therefore if placing a side bet with insurance is worth it is up to the player.
Insurance Payouts In Blackjack
In legal blackjack, insurance pays the player 2:1 (the player receives two dollars for every one dollar bet). In other words, insurance doubles your bet if you are right. The goal of insurance is to make money if the dealer hits blackjack, where I other situations that would mean a loss for all players. The pay in insurance is a major incentive however, so many players take insurance when the opportunity arises.