About Blackjack Insurance and Even money
One of the nice things about blackjack is insurance however it is perhaps the least understood of all the commonly available strategies and rules of Blackjack. We dont find this is necessarily a bad thing because the insurance bet is normally a weak bet for the player, with a high advantage for the house. However, that's not always the case. Here are a couple explanation of insurance and even money bets when playing online casinos
If the dealer is dealt an up-card of an Ace, he/she will offer "Insurance" to the player(s). Insurance is offered and can be taken with bets made up to half your original bet amount in the insurance betting round, in front of your bet. The dealer will check to see if he has a 10-value card underneath his Ace, and if he does have Blackjack, your winning insurance bet will be paid at odds of 2:1 i.e. you will recover half your original stake, hence its known as "insurance". You'll lose your original bet of course (unless you also have a Blackjack), so the net effect is that you break even.
If the dealer was not dealt a Blackjack, you'll land up losing the insurance bet, and still have to play the original bet out. In the most basic of explanations, insurance is kind of like a side-bet. Essentially players are given a 2:1 chance to bet on whether the dealer has a ten valued card in their hands.
Blacjkack odds tells us the following: When using a single deck blackjack game, there are usually sixteen cards that have a value of ten. Lets make the assumption you cannot see your cards or any one elses, the 10's consist of 17 out of 52 left over cards after the dealer's Ace was taken out. In order to break even on an insurance bet, the hole card needs to be a 10.The explanation defined here is usually different when you are dealt a natural Blackjack. In this case, you will be offered even money on your bet.
For arguments sake, you bet $20, and you land a blackjack. In most cases you will collect $25 unless the dealer hits the same cards and then its considered a "push". IF the dealer lands an Ace up, and you go onto taking insurance, there are essentially 2 things can take place:
- When dealer hits Blackjack - The player tie's with the $20 and wins 2:1 on the insurance bet.
- When the dealer has no blackjack - The player loses the $10, but collect $25 for the players Blackjack.
Many online casinos allow players to remove the insurance bet, and simply state that they will take even money odds for their Blackjack. In our opinion, the good and profient Blackjack player will usually not take the insurance.
View other pages about playing online blackjack:
Blackjack Card Values | Blackjack Deal of the Cards | Blackjack Dealer | What is Blackjack/Natural | Blackjack Surrender | Hitting or Standing in Blackjack | Doubling Down in Blackjack | Splitting Pairs in Blackjack | Insurance and Even Money | Online Blackjack | Online Blackjack Bonuses |
