What Is Insurance On Blackjack

What Is Insurance On Blackjack – You know they shouldn’t bet; all experienced blackjack players at the table know not to bet.

However, there will always be someone at the table who will insist to anyone who will listen that you should secure your 20 against the dealer’s ace. Or even money is a good bet.

What Is Insurance On Blackjack

What Is Insurance On Blackjack

While I suffered in silence years ago in Las Vegas, I will now do my best to explain why insurance is never a good bet—no matter what your new friend who likes to throw mojitos across the table says.

Blackjack Insurance: Always A Bad Bet

Insurance in blackjack is a side bet you can make if the dealer has an ace, so you can bet that the dealer actually has blackjack. If you are right, you will be paid 2 to 1.

But of course you will lose your main bet. So by insuring your bet, you are insuring your hand against the dealer having that dreaded blackjack.

This is only offered if the dealer has an ace, and crucially, you can only take insurance for half of your main bet.

This is because it is easy to keep up with tens in the deck, and any knowledgeable player will destroy the insurance bet if allowed to bet more.

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There are 13 types of cards. Four of them are 10 value cards which will give the dealer blackjack. So the odds are 9/4 against you winning the bet. It will only pay you 2 to 1, so the house edge is almost 6 percent.

In fact, if I had noticed anything other than that you always hedge with big bets and never with small bets, I would have called with my eyes to the sky before you were dealt the next card.

That being said, let’s talk about our new blackjack instructor who gets drunk and tries to get you to pay your $20 deposit because it was a “good hand.”

What Is Insurance On Blackjack

If you are dealt two 10 cards, you know it is two smaller 10 cards that can make the dealer’s hand a blackjack. Insurance at this point is not a good idea.

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Another hand that someone at the table asks you to cover is when you have blackjack against the dealer’s ace.

This version of insurance is often referred to as even money, because you will receive even money for your bet.

It’s just a term used for the shortcuts dealers take when paying insurance at tables that still pay players blackjack 3 to 2.

In this case, if you bet $10 and get blackjack, you can even claim the money. The dealer will happily give you $10, take your ticket, and be on your way.

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If the dealer also has blackjack and you place a $5 bet on the insurance line, you will push your blackjack, but you will be paid $10 on your separate insurance bet.

If the dealer doesn’t have blackjack, you will lose your $5 insurance bet, but get 3 to 2 on your blackjack.

That’s $15 minus $5 for insurance, or net $10. Unfortunately, this little math trick only works at blackjack tables that still pay 3-2.

What Is Insurance On Blackjack

They don’t even offer money at tables where blackjack pays 6 to 5. In this case, you would put down your $5 deposit.

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If the dealer has blackjack, you win $10 as in the original even money scenario. But if the dealer doesn’t have blackjack, you lose your $5 insurance and only get $12 for your blackjack.

Additionally, insurance works the same way on tables that pay 3 to 2 or 6 to 5. Although obviously, a 3 to 2 game has much better odds.

But of course you play a lot of blackjack. Paying for something is not the same as paying the most over time.

If you take even money for these 13 cases, you have $130. Otherwise, you hit 4 times when the dealer has a 10, but you get $15 on the other 9 non-10 cards. That’s $135.

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It’s a bit simplistic because it ignores the cards dealt to you and the dealer, but in the long run, you’ll make a profit of more than 3 percent if you don’t even take the money.

Despite the good intentions of your slightly boisterous new friends at the blackjack table, or even in some cases, the uninformed dealer, insurance is not a good idea for the casual blackjack player.

The increase in the number of tables paying 6 to 5 in blackjack has caused a lot of confusion in taking even money.

What Is Insurance On Blackjack

You don’t offer this shortcut because the math isn’t the same as a 3 to 2 table, but you can still insure your blackjack.

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Perhaps the only positive thing to come out of 6 to 5 blackjack is the return of the debate about eliminating insurance altogether.

We can earn money per hour. Spending 10 or 15 seconds scrolling through the schedule looking for insurance when almost no one is taking it seriously can have a serious impact on the profits of hundreds of thousands of hands.

Saving the old 3 to 2 tables is an ingrained (but bad) tip to take the money and leave with something. This ensures at least some player participation in betting on the insurance side.

But now, with 6 to 5 games forcing people to actually get blackjack, participation has fallen to an all-time low.

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Don’t be surprised if in the near future you log in and insurance is no longer listed in bold.

But don’t worry, your chatty friend in 7th can probably add up to about 12 seconds compared to hours of cards.

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What Is Insurance On Blackjack

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Is card counting illegal in Las Vegas? There is absolutely no reason to worry about being handcuffed in the middle of a blackjack hole in Las Vegas… Insurance bets in blackjack seem to confuse most players. They either don’t understand what it’s all about, or worse, they always bet on insurance when the dealer offers. This article demystifies this bet and offers advice on whether you should be successful.

Once you are dealt two starting cards and the dealer’s top card is an ace, the insurance bet comes into play. Before any player can decide how to play his hand, the dealer will ask the player if they want to make an insurance bet.

This is an optional and separate side bet where players must decide whether they want to bet on the dealer’s hole card being a ten or a face card. If so, the dealer will have black jack and the player who placed the insurance bet wins.

When taking an insurance bet, casino rules allow the player to bet an amount equal to half (or less in some casinos) of the original bet.

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For example, you bet $10, the dealer makes a deal, and his top card is an ace. Before any player can act, the dealer asks the players if anyone wants to make an insurance bet.

The dealer loudly says “insurance” while pointing his finger at the felt and moving it from left to right in front of all the players. Players who wish to bet insurance place a $5 chip on the insurance line. (see diagram)

If the dealer has a ten or face card in the hole, giving him blackjack, the insurance bet is paid at odds of 2 to 1. Therefore, in the example above, a $5 insurance bet would win $10.

What Is Insurance On Blackjack

Note: In the example above, although you would have won $10 on the insurance bet, the initial $10 bet on your hand would have automatically been lost to the dealer’s blackjack.

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If you also have blackjack, then it is a push, meaning you neither win nor lose. Since you won $10 on the insurance bet but lost $10, your net amount is zero.

This insurance side bet was introduced into the game of blackjack to give players the perception that they could “protect” their hand against the dealer hitting blackjack. It seems logical, but there are some facts that casinos don’t tell you about their insurance bets.

Point number three above is a very strong recommendation that requires a little further explanation (with simple math) to prove why you should do it

If offered the opportunity to bet on a coin toss (heads or tails), winning even money if you guessed correctly and losing the original bet if you guessed wrong, would you play?

Blackjack Insurance Explained

How about playing this coin toss game? You

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