Blackjack insurance was invented by casino bosses who liked the sound of inserting a new side bet during a game of blackjack. The name, betting and payout structure were all designed to appeal to players who were worried about the dealer making blackjack, and who might be willing to pay a little more for the chance to come away even, despite losing their main hand.
Insurance bets are a type of side bet in Blackjack that can prevent potential losses if you are confident that the dealer is about to get Blackjack, but also exacerbate them if this turns out not to be the case.
In blackjack, insurance is a side bet which is separate to your original stake. Offered only when the dealer's upcard is an ace, it acts as a safety net against an opposing blackjack. An insurance bet is usually half your original wager and pays 2 to 1.
That's where insurance comes in. Insurance is a special side bet that lets the player stake half their original bet against the dealer hitting a natural blackjack (a hand containing an ace and a picture card for a total of 21). Insurance can only be taken if the dealer shows an ace.
Insurance in blackjack is a side bet that the player can place if the dealer’s up-card is an ace. An insurance bet is placed on the assumption that the dealer has a ten-value card, apart from the ace, giving him a blackjack. Once the cards are dealt, the dealer asks for insurance bets from all players before the first one plays.
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Despite what the casinos would have you believe, the blackjack insurance bet is strictly a side bet that has nothing to do with increasing or decreasing your chances of winning the original bet. When you make the insurance bet, you are betting solely that the dealer’s hole card is a ten or picture card.
Insurance in Blackjack, also known as a Side Bet. Insurance is one of the many options offered to a blackjack player, but it is an option which is most often exercised incorrectly in live play. Insurance is a side bet which is considered independently of the main wager made by the player. All casinos offer insurance as a standard option.
W hat is insurance in blackjack? Blackjack insurance is a side bet offered to the player if the dealer’s up-card is an ace, as insurance against the dealer’s hand being ‘blackjack’.
Let’s say you bet $10 in the initial hand, and the dealer’s upcard is an ace. You take the blackjack insurance for $5. If the dealer has blackjack, you win $10 from the insurance, and get your $5 insurance bet back – but you lose your initial $10 bet (unless you also have blackjack), so you come out of the hand even.