When Should I take ‘Insurance’ in Blackjack?

When Should I take ‘Insurance’ in Blackjack?

When Should I take ‘Insurance’ in Blackjack? 1950 750 The Black Jack Kings


When Should I take ‘Insurance’ in Blackjack?

Winning in blackjack requires some basic skills and strategies.  Despite blackjack being a game of chance, you can improve your chances of winning by making the right decision when a hand is dealt. You can also improve the house edge and minimize losses by utilizing the best decision.  Knowing when to make the various decisions involves understanding how the decision affects the present and future hand, and your overall payout. One of the important decisions that you can make is knowing when to take insurance against your bet.


When to Take Insurance

You win in blackjack when you get a better hand than the dealer’s.  Sometimes it is advisable to minimize the chances of losing the entire bet to the dealer. You take insurance when there is a high likelihood that the dealer’s next hand will be better than yours.  When the dealer’s first card is an ace or a 10, there are high chances that the next card he draws could get him to 21 or near 21 points in which case he would win. When you take insurance, you minimize the loss since you protect yourself from losing the entire stake to the dealer.


How does Insurance affect your payout?

Insurance pays 2: 1 meaning that you do not lose your stake but rather you get back your initial stake. If you predict correctly and the dealer wins, you lose your initial bet but get back the insured bet amount. The insurance that you win back is half the amount of your initial bet. However, since the percentage you get is double the insurance, you end up with an amount equal to your initial bet.

You should therefore only take insurance when you are confident that the dealer must win when they get their second card. The option should also be used rarely since the dealer will not always win when they get the ace or 10 cards as their first cards.