What is an Insurance Bet in Blackjack?

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. Before we dig more at this article, you might want to learn how a legit real money casino operates. And how can you make sure that the online casino you are playing with is legit.

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. That is 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. Especially 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. You could have beat the dealers hand had you declined the insurance offer and waited for the second card to be turned. In addition, if you really are interested in blackjack, you might want to learn these new online blackjack tips that you can use in your next visit to your favorite online casino site.

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.

Playing Black Jack in your favorite online casino sites are as fun as playing Kaiser Slots, there is a big chance that you play huge amount of money while having fun.

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.

Pros and Cons of the Insurance Bet in Blackjack?

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

Advantages:

  • 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

Disadvantages:

  • 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.

Free Slots Sites go hunting for the best online casinos, free slots sites, free spins no deposit no wager sites and get you the best slot sites and best UK slots out there. So, stay tuned and come back for the weekly updates!

Leave a Reply

Your email address will not be published. Required fields are marked *

New Casinos
4.0 rating
Get 100% up to £100 + 25 Bonus Spins on Aloha! Cluster Pays
5.0 rating
Welcome Offer: Win Up To 500 Free Spins
5.0 rating
Get up to £150 + 50 Bonus Spins
4.3 rating
Claim £66 bonus on each of your first 6 deposits. Plus 66 bonus spins on your first deposit
4.0 rating
Get 100% up to 100 Free Spins on your First Deposit
Free Slot Sites
Copyright - FreeSlotSites.com is intended for the sole use of the individuals over 18 years of age. We support responsible gambling, so in case you require information about gambling addiction or need support please use the link BeGambleAware®