Simply, taking insurance means betting that the dealer will have blackjack. In blackjack, when the dealer is showing an Ace and before they show their hole card, a side-bet called insurance becomes. Bovada is What Does Insurance Mean In Blackjack the number-one US-friendly online casino. Owned and operated by the renowned Bodog brand, Bovada is famous for its fair play certified iGaming titles What Does Insurance Mean In Blackjack and robust sportsbook and racebook options. The Bovada casino is one of the best in the business, utilizing software from world-famous companies like Realtime. In the online blackjack game, you will see the “insurance” icon, giving you an opportunity to exercise a side bet, allowing you to ensure your hand against instantly losing to the dealer’s two-card 21. You will then have to decide whether you’re going to do this or not.

Blackjack Insurance Payout
What Does The Term Insurance Mean In Blackjack
What Does Taking Insurance Mean In Blackjack

Whether you’re playing live online blackjack or going down to your local casino, you’ll need to know the basics first. Get used to using every tool at your disposal if you truly want to win in blackjack. Today, we’ll be taking a look at one such tool – the bet insurance. This is a rather controversial topic for most blackjack fans – a lot of veterans consider it a trap for beginners. However, used wisely, it’s not without its advantages.

Still, let’s start at the very beginning by going through the rudiments.

What Is Bet Insurance in Blackjack?

Bet insurance in blackjack is a kind of side bet you make on the dealer getting a Blackjack. The only time you can make such a bet is if the dealer gets an Ace as their upcard. The idea is to prevent yourself from losing to a Blackjack, or at least to make the money back. That’s why it’s called insurance – you’re making a safety net against a sudden loss. However, if the dealer does not end up drawing Blackjack, you’ll lose the bet insurance. Generally, bet insurance costs half your original wager and pays out 2 to 1.

If it’s still not clear, we’ll use an example. Imagine that your initial draw adds up to 19 – a 9 and a Jack, for instance. That’s a pretty strong hand, but the dealer’s first card is an Ace. This gives them a solid chance of beating you with the coveted 21.

With most blackjack live tables, the dealer stands on a soft 17. As such, the biggest danger to your strong hand is a dealer Blackjack. You can put down insurance with a stake that’s half your initial wager. If you do and the dealer does get Blackjack, you lose the hand but win the insurance bet. Because of the standard 2:1 payout, you would break even instead of losing money.

Of course, if the dealer does not get Blackjack, you lose the insurance bet. However, you could still go on to win the hand. That’s why bet insurance is only really worth it if you get a hand that amounts to more than 17. Your profits would be smaller if you win, but at least you had the safety net.

When to Use Insurance Bets in Blackjack?

The first question most beginners ask is – is the insurance bet good? The short answer is no – in most cases, the insurance bet is not a good option to take. That is because the average odds on the dealer getting blackjack after an initial ace are 9/4, or around 30%. That means that the insurance bet odds would have to be closer to 3:1 to be worth it. The discrepancy is quite large, which makes insurance bets fairly low value.

That’s why we recommend most beginners stay away from insurance bets. Of course, advanced players may find some exceptions to the rule. You may find yourself in a game where the shoe has considerably more high-value cards than is usual. The more such cards there are left, the bigger the dealer’s chances of getting Blackjack are.

Experienced card counters may find themselves in such a situation and be aware of it. In such specific cases, bet insurance can become a useful part of your blackjack strategy. However, most live online blackjack tables play with shoes of 6 or 8 decks. The number of high-value versus low-value cards would have to be seriously skewed to make bet insurance worth the wager. You can find more information in our basic guide to blackjack card counting.

We hope this blackjack insurance bet strategy guide was useful. Good luck!

Everyone likes to play it safe sometimes, especially when they are playing Blackjack.

There is multiple ways that players can play things a little bit more safely and less gung-ho with extra bets.

One of the more popular versions is Blackjack Surrender, which allows players to give up their hand if its looks likely they will lose and receive half their bet back.

However, this is not the only way to do so and most tables will allow its players the option for “insurance”. Blackjack insurance is a much more straightforward way of making sure you don’t lose more cash than necessary when the dealer is in a good position.

Many players are rightly skeptical of this option in Blackjack, but this said, it can still be beneficial for certain types of players and in specific situations. However, you should bear in mind that the option for insurance has many flaws and is not the best option in a lot of other scenarios.

However, read here and find out here what does insurance mean in Blackjack, learn how to use it effectively and then make your own mind up about whether or not it can benefit your future Blackjack games.

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How Blackjack Insurance Works

Essentially, Blackjack insurance allows the player the option to lessen their wager after the dealer exposes their cards and reveals an Ace card.

In this scenario, if the rule is in play, then if the dealer has an Ace then he or she will go around the table asking each player whether or not they want insurance.

When you have insurance, it means you take out half of your original bet as insurance. So for example, if you had placed a $10 bet you will then have to wager an extra $5 for the insurance to be in play.

Then, if the dealer exposes his second card and he does indeed have Blackjack, then you win your insurance $5 back as well as the other half your original bet, due to insurance paying 2:1. This means that although you will have lost the original wager, you will have got the total amount back. As such, you have broken even.

In the opposite situation, if he doesn’t, then you lose your $5 insurance bet, but will still stand to win with the original $10 wager.

When to take Insurance in Blackjack?

When to take the insurance bet is pretty straightforward, as you only get offered in the specific situation where the dealer is holding an Ace.

Naturally, it then reflects the hand you have and the probability that the dealer will be holding a 10 or a face card.

If you feel comfortable enough with your hand, for example, if you yourself are holding an Ace, regardless of your other card, naturally the odds are the same and you may as well stick to what you got.

The same goes for whether you have a good hand in any other situation, such as a picture card and an 8 or 9.

The only real exception would be in the scenario where you are holding something very weak, like a 5 or 6, where in any scenario, insurance or not, you would see yourself struggling against a dealer’s Ace.

The insurance bet is not something to take just because you can see an Ace. The fundamental issue with the Blackjack Insurance bet is the extra investment that is required and thus, you will need to be sure it is worth it.

Is the Blackjack Insurance Bet Worth it?

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What Insurance Mean In Blackjack