What is Insurance Bets in Blackjack?

Christopher
Last updated on 15th September 2020

Published: 26/07/2019

Categories: Blackjack Articles, Blackjack Guides, Blackjack rules 3, Guides

Dealer holds up 2 cards to show insurance bets.

Guide to Insurance Bets When Playing Blackjack

The Blackjack insurance bet is a side bet option. If you are starting to learn Blackjack and have the basic rules of the same, there are a certain side bet options and other features that come in handy. Here I take a look at what insurance bet is and how it can benefit you while playing Blackjack online.

You can apply this knowledge both at online casinos and land-based ones.

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What is Insurance Bet?

In this article, I assume that you already know the basic rules of Blackjack. The Blackjack insurance bet is a side bet feature whereby the dealer makes a Blackjack when he shows his first card which is an ace. This side bet is additionally made to the original bet placed. Payout is 2 to 1 when you make a win. Insurance bet’s main aim is to win back some of the first bet when the dealer lands the Blackjack.

For instance, when you bet an amount of $20 on a Blackjack hand, you would be dealt 19 while the upcard of the dealer would be an ace. You can then decide to bet on insurance, maybe an amount of $10. The dealer will then look at the downcard and if it is a 10 that makes it a Blackjack naturally. Original bet loses out but the insurance bet of $10 pays you $20.

Another function we’ve covered earlier is ‘betting behind‘ which could be an option if you want to learn Blackjack but without the stress and knowledge of choosing your own cards.

The Rule in Insurance Bet

what is insurance bet in blackjack

Payout in Blackjack insurance bets would be 2 to 1. You need to bet half amount of what you originally bet when the hand was dealt out. Insurance bet would pay out by double the amount that you place. When a dealer gets a Blackjack the profit on insurance bet that you get will equal the bet on insurance amount. If the dealer does not get Blackjack then you lose the insurance bet.

If you want to read up more on payout & house edge of Blackjack, check out my article on 3:2 vs. 6:5 Blackjack payouts.

Instances when Insurance Bets Work

This is not an option that you need to exercise all the time. It is best to opt for wagering on insurance when you count cards in a real casino. Odds are 9 to 4 that a dealer will get a Blackjack. Also, the trend states that insurance bets make you lose half and since these bets are always 2 to 1, the proposition works in certain situations.

For instance, if you are at an advanced card counter where you keep track of the ten point cards left on the deck, the more face cards and tens have been on the deck, the more it is likely that the dealer will hit a Blackjack. If you have followed this count then insurance would be a profitable bet to place. It is best to opt for it when you have been playing several hands of the game at live casinos.

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Odds for Insurance Bets

Exact odds when to win a Blackjack insurance bet are not always the same. These depend on the decks used and a number of cards of ten point values that have been dealt with already. Card counters keep track and can help a player identify the conditions when an insurance bet becomes profitable. In general, however, insurance bets do not come through and odds usually come off against the player. Hence, if you are playing online Blackjack and decks are shuffled before a hand is dealt out then it is difficult to keep track and get favorable odds for insurance bets.

There is another reason why you need to avoid insurance. If there are several decks being used in a single game, the odds worsen for a player. House edge on insurance bet is about 5.8% when a single deck is used. The number becomes 7.5% when eight decks are used.

A Tip to Use

When you wish to take on insurance or need to take it, it is best to do it when playing a game of one deck of cards. Check that few cards with ten points are dealt out and a full table is on.

Conclusion

is blackjack insurance a good bet

It is best to avoid Blackjack insurance bet which should be your strategy when you play Blackjack, especially with one deck cards and at an online casino site. Do so only when you have been keeping count and know the kind of cards that have been dealt out.

However, knowing that you have Blackjack insurance bet is an option can come in handy, especially as you play long sessions at casinos. It is a technique used by advanced and expert players, it is best that you have a card counter handy when you opt for this side bet.

Keep that in mind next time you are looking through a list of online casino games and decide to play blackjack.

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