Blackjack insurance was invented by casino bosses who liked the sound of inserting a new side bet during a game of blackjack. The name, betting and payout structure were all designed to appeal to players who were worried about the dealer making blackjack, and who might be willing to pay a little more for the chance to come away even, despite losing their main hand.
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.
Blackjack players have the chance to make an insurance bet when the dealer’s face up card is an Ace, meaning they will get Blackjack if their second card is worth 10. As there are four cards worth 10 in Blackjack (10, Jack, Queen and King) players can place an insurance bet if they feel the dealer will get Blackjack.
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What Should You Say to Blackjack Insurance – Yes or No? If you are playing blackjack and the dealer gets an ace, that can’t be a good situation for you. The casinos came up with the so-called insurance bet to help the players protect themselves and control their losses.
Putting it in simple words, opting for an insurance bet in blackjack implies betting on the possibility of the dealer having a blackjack. Whenever the dealer gets an ace as their face-up card, a side bet referred to as insurance becomes available to the players before the dealer's hole card is revealed.
What Is Insurance In Blackjack. Insurance in blackjack is a side bet that the player can place if the dealer’s up-card is an ace. An insurance bet is placed on the assumption that the dealer has a ten-value card, apart from the ace, giving him a blackjack.