In blackjack, insurance is a side bet that allows players to protect themselves against the dealer potentially having a blackjack. However, Insurance bets pay 2-to-1 if the dealer holds a blackjack.. While this may seem like a good deal, insurance is a sucker’s bet more often than not.

There are a few different factors to consider when determining if taking out insurance is the right move. These include:

  1. The number of decks being used
  2. The dealer’s upcard
  3. Your own hand

Let’s take a closer look at each of these factors:

  1. The number of decks being used: 

The more decks in play, the more likely the dealer will have a blackjack. This is because there are more 10-value cards in the deck (which are needed for the dealer to make a blackjack). Therefore, insurance is rarely a good idea if you play in a single-deck game.

  1. The dealer’s upcard: 

This is the most important factor to consider when deciding whether or not to take out insurance. If the dealer is showing an ace, there’s a good chance they have a blackjack. If the dealer shows a 10-value card, they also have a decent chance of having a blackjack. However, if the dealer is showing a low card (2-6), the chances of them having a blackjack are slim.

  1. Your own hand: 

Insurance is generally not a good idea if you have a strong hand (19 or 20). Because you have a better chance of winning the hand regardless of whether or not the dealer does have a blackjack. On the other hand, taking out insurance may be a good idea if you have a weak hand (12-16). Again, this is because you’re at a higher risk of losing the hand if the dealer has a blackjack.

How to use insurance in blackjack?

As we’ve seen, insurance is a side bet that pays out if the dealer has a blackjack. If you decide to take out insurance, you’ll need to make an additional bet equal to half of what you betted originally. So, if you’re betting $10, you’ll need to bet an additional $5 on insurance.

Your insurance bet will pay out at 2-to-1 odds if there is a blackjack with a dealer. So if you bet $5 on insurance, you’ll win $10. While this may seem like a good deal, it’s important to remember that you’re only winning back your original bet while playing with Fastpay casino. In other words, you’re not making any money off of the insurance bet.

On the other hand, if the dealer does not have a blackjack, you will lose your insurance bet.

As we mentioned before, insurance is generally a sucker’s bet. This is because the dealer’s odds of having a blackjack are usually not in your favour. However, taking out insurance may be the right move in some situations.

  • Insurance is rarely a good idea if you play in a single-deck game. This is because the dealer’s chances of blackjack are relatively low.
  • If you’re playing in a multiple-deck game, taking out insurance may be a good idea if the dealer shows an Ace or a 10-value card. This is because the dealer’s chances of blackjack are relatively high.
  • Insurance is generally not a good idea if you have a strong hand (19 or 20). This is because you’re likely to win the hand regardless of whether or not the dealer has a blackjack.
  • Taking out insurance may be a good idea if you have a weak hand (12-16). This is because you’re at a higher risk of losing the hand if the dealer has a blackjack.

What are the benefits of insurance in blackjack?

  1. Protects you against the dealer having a blackjack: If the dealer does have a blackjack, the insurance bet pays out at 2-to-1 odds.
  2. Gives you a chance to win even if you have a weak hand: If you have a weak hand (12-16), taking out insurance may be a good idea. This is because you’re at a higher risk of losing the hand if the dealer has a blackjack.
  3. May help you break even if you lose the hand: If you lose the hand, but the dealer does not have a blackjack, you will only lose your original bet. You will not lose the additional money you bet on insurance.
  4. May help you win more money if you win the hand: If you win the hand, and the dealer does have a blackjack, you will win the insurance bet in addition to your original bet. This can help you come out ahead even if you would have otherwise lost money on the hand.

What are the drawbacks of insurance in blackjack?

  1. It’s a sucker’s bet more often than not: The odds are generally not in your favour regarding insurance.
  2. You’re still at risk of losing the hand: Even if you take out insurance, you’re still at risk of losing the hand if the dealer doesn’t have a blackjack. Check the best casino from Betsquare and choose the one that you want to play with.
  3. It’s a waste of money: Insurance is generally a bad bet, which means it’s a waste of money to take it out.

Conclusion

Insurance is a side bet that pays out if the dealer has a blackjack. Taking out insurance is generally not a good idea, as the odds are usually not in your favour. In some situations, however, insurance may be the right move. Choose wisely!