Blackjack Insurance: Safeguard from Total Loss

When the dealer's up card is an Ace, players are offered blackjack insurance. The player may or may not grab the offer. When one, however, places an insurance bet, it is an answer to the question: what are the odds that the dealer's face down card is a ten-valued card? When does it become a good gambling option?

Blackjack insurance is a two-way safekeeping of your money. It is a bet that can amount to almost half the original amount. Therefore, you can insure your original bet to a much lesser amount, say 45% of it. So if your original bet is $10, you may place an insurance amount of up to $5.

After the dealer checks the face down card and gets a blackjack, you lose your $10. However, blackjack insurance pays 2:1. So even if you lose the $10, you get it back in a way through the insurance bet.

In short, by betting on insurance money, you get back the amount of the original bet. Blackjack insurance, then, serves to roughly even out your loss.

But here's the downside to it: if the dealer doesn't have a blackjack, you will lose your $5 insurance bet. You will, however, keep your original bet.

In a deck of 52 cards, there are 16 ten-valued cards. Blackjack insurance is regarded as a good strategic move for a counting player. A counting player bases his moves on the statistical probability of 10s in the remainder of a 52-deck card. When the dealer has an Ace, house edge is estimated to range from 2 to 15%. A card-counting player assumes a strong likelihood that the dealer's face down card is a ten-valued card.

Therefore, opting for blackjack insurance is not wholly unpromising for the player who considers the optimal ratio of 10-valued cards to the rest of the cards in a deck. In effect, the player rests one's judgment on probability and mathematical estimation.

Blackjack insurance has to be placed in a betting stripe separate from your original bet. Never place the insurance tips on top of the original bet. This is to avoid confusing the dealer into thinking that you are trying to add more amount to your bet.

Blackjack insurance is a strategic move of insuring your wager when the dealer's up card is an Ace. You can bet to as much as 50% percent of your original bet. If the dealer doesn't a blackjack, you only lose your insurance bet. If the dealer does have a blackjack, you lose your original bet , but roughly acquires the amount of the lost bet through your insurance bet.

 

Copyright © All Rights Reserved. 
Close