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Insurance in Blackjack

When you sit down to play a game of Blackjack in a brick and mortar casino or live on the Internet, the table layout will generally be the same. One word that you will see displayed on the table is "insurance".

Insurance is a protection bet when the dealer is showing an ace as the up card. When this happens the dealer will ask you if you want to take insurance. When you are playing online in a casino like the zero lounge a virtual voice will speak to you and say, "insurance."

Insurance is a side bet based on the simple question, "does the dealer have Blackjack or not?" The insurance wager is separate from your main wager on the outcome of your hand. The premise is the dealer has a 1 in 3 chance of having a ten-value card unexposed and thus making Blackjack. So the player is given an option to insure against the possibility that the dealer will have Blackjack. The player may add up to half of their original wager to the insurance bet.

Mathematically a player taking insurance bets will lose money over the long run. So why would a player choose to even consider it? The answer is variation. If a player's main goal is to reduce variation in any given session then they may seek the insurance option. Anyone with a casino bonus  should bear this in mind.

Players with Blackjack may also take insurance. When a player takes this bet they are committing to win an amount exactly equal to their original ante, regardless of the dealers cards but again these plays are not advantageous to the player in the long run.


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