The Fastest Way to Memorize Blackjack Basic Strategy
Insurance in blackjack should be classified as a sucker bet.
It is also classified as a side bet, available in most games of 21.
It is offered when the dealer holds an Ace as their up-card.
The bet is only open before the dealer checks or draws the hole card.
For players not holding a natural blackjack, if insurance is taken, they must place an additional wager equal to half of their original wager.
If the dealer goes on to draw a card valued at 10 to make blackjack, the insurance bet is paid out at 2:1.
For players who are holding a natural blackjack, they may also take insurance called maximum insurance.
Here the player forfeits the 3:2 payout for a winning blackjack hand in place for a guaranteed even-money 1:1 payout, regardless of what the dealer has.
Insurance Is A Bad Wager Picture this: the dealer is showing an Ace.
Your hand, in comparison, is terrible.
Or this: the dealer has a face-up Ace but you have a two-card natural blackjack.
The 3:2 payout for your blackjack is mighty tempting, but if the dealer also draws a 10 and makes blackjack as well, taking a guaranteed win with maximum insurance, rather than risking a push, sounds like the best move.
At first glance, insurance bets do seem like good side wagers.
They sound like should you take insurance when you have blackjack safe back-up plan in an intense game of blackjack, where a dealer two-card natural seems likely.
And the way many blackjack dealers describe the bet makes it seem the best and this web page logical move you can make in the dreaded situation of a dealer face-up Ace.
Unfortunately, this is an illusion and the casino is the only party who will click here make money from such a bet in the long run.
How Insurance Bets Work As a side bet, insurance bets have nothing to do with the cards we have.
Taking insurance while your own hand is a two-card natural maximum insuranceor a crappy 15, makes no difference, because it has no bearing on it.
So we have broken even in the end.
Additionally, in every full 52-deck of cards, four out of every 13 cards are worth 10 points in blackjack ; the cards which would lead to a dealer blackjack after showing an Ace.
The following sections drill further to explain the high house edge of insurance bets.
The payout of a regular insurance bet when the player is not holding blackjack is 2:1.
If we begin with the assumption our hand does not contain a 10-value card, then there are 16 cards worth 10 points in the deck, and 33 other cards.
So to get the actual odds of winning the insurance bet, we divide 33 by 16, which equates to 2.
But as the house needs to profit, this is not possible.
Divide 35 by 14, and we get odds of 2.
This is thus the worst possible hand to take the insurance bet even though you should not take it at allbecause the odds are so out of our favour.
Only with one deck and when the player is holding no 10s, is the house edge for insurance below 3%.
It sky-rockets after that.
Yes, ultimately this would make sense if we knew when to take it, but the only way any player can know when such an ideal situation occurs is if you know how to count should you take insurance when you have blackjack />Insurance is taken far too often.
Remain informed about its lack of tactical advantage or logic before playing.
And besides, if you take insurance every now and then just because you have a hunch, you are playing on instinct, which is a dangerous method of play in blackjack, as you are abandoning.
Blackjack Workshop - Insurance - Even Money.AVI
I have read a few bj books and I remember Stanford Wong advised in his "Professional blackjack" that "never take insurance", but what if I am place a. On a $10 bet, you'd MOST LIKELY lose $5 on the insurance bet and win ...
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