What Is Buying Insurance In Blackjack

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  • The profit margin on blackjack tables is often very low. Casinos try to gain advantage over the players by offering insurance, which gives them the upper hand. The chances of two players holding blackjack at the same time are over 1666/1. Many casinos will allow blackjack.
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What is buying insurance in blackjack for dummies

Blackjack insurance is a term that confuses a lot of people, especially novice players. What is even more confusing is knowing when to buy blackjack insurance. Experts usually say purchasing it is a bad bet and should be avoided at all costs, but that is not always the case. But before we get into that, lets us talk about what blackjack insurance is.

Our eCasino games use a service called What Is Buying Insurance In Blackjack WebGL, a web-based graphics library that eliminated the need for plugins to run graphics on your web browser. WebGL has minimum hardware requirements and if your device does not What Is Buying Insurance In Blackjack meet these requirements, you What Is Buying Insurance In Blackjack may experience display issues. In blackjack, insurance is a side bet which is separate to your original stake. Offered only when the dealer's upcard is an ace, it acts as a safety net against an opposing blackjack. An insurance bet is usually half your original wager and pays 2 to 1. The side bet is. FreeMoney.com is your online trusted free money and financial resource. FreeMoney analyzes and reviews the many online money-making opportunities out there.

What is Blackjack Insurance?

If the dealer shows an Ace during a round of blackjack, he or she will offer the player a chance to purchase insurance. If you buy the insurance and the dealer’s next card is a 10, the dealer will have a blackjack, and you would have won the insurance bet. This bet pays 2:1, but the downside is that you lose your original bet.

An insurance bet is a side bet, meaning you can take it or leave it. The buy-in for blackjack insurance is usually half the amount of your original bet. For example, if you wager £50 before the dealer shows an Ace, your insurance bet will be £25.

What

Why You Should Take Insurance in Blackjack

Blackjack

Some would argue that taking blackjack insurance is beneficial because you will recover at least half of your original bet should the dealer get the ace-10 combination. For instance, if you make a £50 wager and purchase insurance for £25, the dealer’s next card has to be a 10 for you to win back half, which is £25.

Why You Should Not Take Insurance on Blackjack

Most experts advise players to stay away from buying insurance because the chances of the dealer getting an Ace is 9:4. These odds indicate that the math is not on the side of the player. There are 52 cards in a single deck, and only four cards out of every 13 cards have a value of 10. On average, this means the dealer will get the ace-10 combination four times when he or she plays 13 instances – the dealer will lose 9 out of those 13 times. For experts, this makes an insurance side bet not worth it.

When Should You Purchase Blackjack Insurance?

There is only one scenario in which a side bet should be taken: when you also have a blackjack. By insuring your own blackjack, you guarantee a positive return should the dealer also get a blackjack. In this scenario, you will tie with the dealer (also known as a push), meaning your original wager remains in the betting circle, but since you won the insurance bet, you will collect the 2:1 payout. Experts will still say this is a bad bet because this strategy ignores all the math and relies more on your gut feeling (unless you are a card counter, you are relying on chance that the dealer will get a blackjack after showing an Ace).

So, there you have it: only buy blackjack insurance when you have blackjack, and the dealer is showing an Ace. This will guarantee a positive return should the dealer get a blackjack. Even though experts might advise against it, the logic behind it is still sound if you are expecting an ace-10 combination.

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To Buy or Not to Buy - Blackjack Insurance That Is
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What Is Buying Insurance In Blackjack For Dummies

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To Buy or Not to Buy - Blackjack Insurance That IsBlackjack
Nov 19, 2001, 16:03
By Bruno Casciato http://www.gamblingonlinemagazine.com

The odds of the house holding blackjack are over 55/1. The insurance bet that casinos offer about this eventually is at 2/1. Don't take it.
As blackjack pays 3/2 and any other winning hand even money, insurance may look attractive. This is an illusion.
Firstly, all to often it is only available to half of your original stake. So all it can do is leave you where you started monetarily as the one and a half points you'll receive will be equal to what you've staked. In the event that the dealer beats you with blackjack you'll lose your original bet. A check on the casino's blackjack rules will frequently reveal that where the dealer and the player hold hands of the same value there is a standoff, or void. So you don't really need to take insurance.
Insurance bets will lose 982 times out of 1000, in the long run. As you have discretion whether to bet or not, it would be in your favor to redirect your chips to other bets in your playing strategy.
The likelihood of blackjack occuring will increase after a long period when neither Aces or blackjacks are dealt. The best possible situation for insurance bets occur when there are no more than 71 cards in a shoe of 312 cards, when no single Ace has appeared on the table.
Even in this extremely rare instance the maximum predictable long-term profit from the insurance bets alone, can only be 1.04% of amounts staked on the insurance bets. But this is cancelled by the losses on original bets because of the staking rules.
The profit margin on blackjack tables is often very low. Casinos try to gain advantage over the players by offering insurance, which gives them the upper hand. The chances of two players holding blackjack at the same time are over 1666/1.
Many casinos will allow blackjack players to increase their bets rather than take insurance.
You will stand to lose less by taking a selectively aggressive playing policy and increasing your stakes when you feel confident of beating the house rather than taking insurance.

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