What is an Insurance bet in Blackjack?

When you place an insurance bet in blackjack you are essentially placing a side bet on whether the dealer has achieved blackjack. If the dealer’s up card is showing an Ace or a 10 the player will be given he option to place an insurance bet worth half their initial stake. This bet pays out at a rate of 2/1 meaning that if the dealer does have blackjack you have won back your initial stake.

If the dealer doesn’t have blackjack, the hand is finished, and you don’t have the option to take any more cards. Check more on this topic and find out here the best casino sites offering this game!

When should you use the insurance option when playing online black jack?

An insurance bet can seem like a good idea when your faced with it because the dealer has an obvious chance of achieving a blackjack. However, placing another side stake worth half your initial stake can be a costly hand if your dealer doesn’t receive blackjack. If you’re dealer does receive blackjack, then you’re back on a level playing field. But there’s always the option to stay in the game and beat the dealers hand had you declined the insurance offer and waited for the second card to be turned.

Players should consider their own hand when deciding whether to take up the insurance option. If the player is sitting on a solid hand, then it might be a better idea to decline the insurance offer. If your hand is weak then the insurance offer may be a good idea. It all depends on how much you’re willing to lose on one hand. It could always be a better idea to move onto the next hand with no added cost.

What are the odds of a dealer achieving Blackjack?

When the dealer shows an ace for their up card the chances of them achieving blackjack stands at around 9/4. If we were to simply this further this means you would win 40 out of 130 hands that you took the insurance offer. On the basis of placing £5 stakes this would mean you were £400 up. However, what about the other 90 hands? This means the player would stand to lose around 90 of the 130 hands on average, losing £450. This means on average you’re like to be down over time if you take the insurance bet every time. But That’s Gambling.

What are the Pros and Cons of the Insurance Bet?

There’s a few advantages and disadvantages when it comes to placing an insurance bet in blackjack. Here’s just a few:


  • Allows players to recoup losses in the face of a dealer blackjack.
  • Can act as a last chance saloon for players at the end of their balance


  • Odds of winning an insurance bet stand in the dealer’s favour at 9/4.
  • Dealer may not achieve blackjack and it would have been more financially beneficial to play out the rest of the hand.

What’s the difference between Even Money and an Insurance bet in Blackjack?

When a dealer offers you even money on your bet in blackjack they are essentially offering you the opportunity to walk away from the hand with a profit without having to endure the rigmarole of placing an insurance bet and waiting to find out if the dealer has blackjack. 

However, the even money is only beneficial to the player if the dealer achieves blackjack. If the player wins the hand without the dealer achieving blackjack or the player has blackjack and takes the even money to assure that they’ll at least win something, then it can be a worse idea than just placing an insurance bet or walking away all together.

The even money return was a casino strategy thought up by casino owners to tempt players away from playing a hand they may still win by offering them an even money profit on their hand. An instant win seems to be too much to turn down for most players.

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