Blackjack Insurance
Blackjack insurance could be described almost like a reserve bet, something just in case, creating an “insurance” option if things don’t go as planned and the dealer is the one who ends up with the blackjack.
The idea of blackjack insurance is providing protection, or an alternative plan, saving you from losing your whole bet if the dealer were to get a blackjack, and instead just break even. If you get a blackjack too, then that’s a tie, where the dealer might offer you “even money” instead of insurance, which is pretty much the same concept of the dealer’s blackjack insurance.
As with all insurance, blackjack insurance does have a price, a bet of half your original bet. Blackjack insurance is offered when the dealer’s up-card is an Ace. Whereas if he has a ten valued card underneath his Ace, then that’s a blackjack, and if you’re “insured” then you’ll be paid at 2 to 1. On the other hand, if the dealer does not get a blackjack, then you’ll lose your insurance bet, but you’ll still have to play your original bet.
Despite sounding like a great deal, guaranteeing a profit even when all else fails, it’s still not so simple, and it might not always work out to your favor. So blackjack insurance is sometimes perceived as not such a great thing for the player to bet on, since it has a high house advantage. It could nonetheless be mastered, if approached by a professional. Generally, beginners should steer clear from blackjack insurance, since a loss could have a detrimental negative effect, as losses are doubled if both the insurance and the original bet are lost. Experienced or advanced players however can take the chance and might win it over.
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If you’re a basic strategy player, then a piece of advice would be to stay far away from even considering the insurance bet. However, if you’re a card counter, then you’ll most likely be able to handle it, as probabilities are followed up and you’ll be able to determine the chances of a blackjack and a successful insurance bet.
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