How the insurance bet works in Blackjack
By paying 2/1, the insurance bet offers the player a little protection in case the dealer is dealt a strong card. But does it pay to take this bet?
How does blackjack insurance work?
Blackjack is a simple game: you need to approach 21 with your hand without “busting”. But sometimes you just have to beat the house total to win. When playing online casino online blackjack, the player always makes the first move. What if you could cover your bet against the dealer by beating your total? That’s where the insurance comes in. Insurance is a special side bet that allows the player to bet half of his original bet against the dealer hitting a natural blackjack (a hand containing an ace and a face for a total of 21).
Advantages and disadvantages of insurance bets
The more decks are used, the more cards with a value of 10 there are in the shoe. And with so many 10 cards to draw, the better the dealer’s chance of hitting blackjack. You’re in a bad position to still win the hand, so save. Either way, taking insurance is usually a long-term losing bet for players. The 2/1 price isn’t big enough to warrant the bet.
Finding alternative bets for online blackjack
Many variations of Microgaming feature a bonus bet of one kind or another. In most cases, you can also take out insurance on any side bet.
Multi-hand Blackjack Bonus:
Microgaming’s variation of European blackjack allows players to play four hands in one game. In addition to insurance, you can place side bets to earn 50/1 (Jack and Ace of Spades), 25/1 (Jack and Ace of Diamonds, Clubs or Hearts) or 5/2 (two cards of the same suit).
Atlantic City Blackjack Gold Series:
This is a unique blackjack variation allows players to “give up” half of their bet if they feel they are going to lose to the dealer.
High Streak Blackjack Gold Series:
High Streak Blackjack offers an accurate side bet that rewards players who win two consecutive hands. With the insurance bet that protects against a dealer blackjack, experienced players can make the odds in their favor by backing both bets.
Try the insurance betting system in blackjack
Insurance is a way to get back some of your bet if the dealer appears to be winning. But a better bet for players is to find a version of blackjack with the Surrender feature.