The Secret of Blackjack Insurance

Blackjack insurance might be some of the most common betting method that casino players will use to place their bet in the game of Blackjack. In fact, if you are an avid blackjack player, the blackjack insurance will not be something new for you. However, there are still many casino players not familiar with blackjack insurance. This article will reveal the true use of blackjack insurance. It will also tell us when to use the blackjack insurance in their game.

One of the most feared situation for most casino players is when the dealer draw a blackjack. Whenever this happen, the casino players will lose all their bets even if they have blackjack themselves. Therefore, the blackjack insurance is often use in order to be fair to the casino players. It also offer one of the best way to prevent losing all of your bets to the blackjack dealer.

However, some casino players will treat the blackjack insurance as a surrender option. In most occasion, you might even see some casino players utilizing the blackjack insurance when they get hands such as 12’s or 13’s. Having the knowledge and skill to use blackjack insurance will greatly improve your game of blackjack. Otherwise, casino players would be wasting their money by placing their blackjack bets.

What Does it Mean to Surrender in Blackjack

The blackjack insurance can be used as an option to surrender your hand after you are dealt with the first two cards. There are two ways whereby casino players can utilize the blackjack insurance. One of the most common way is to verbally tell the dealer that you would like to surrender your hand. The second way would be through gesture. This is done by putting your finger on the layout and move it from right to left. The dealer would understand this signal as they are the preferred signal accepted by most casino. When you choose to forfeit your chance of playing the hand, the casino dealer will immediately take half of your bet.

Casino players also should be aware that not all casino will offer blackjack insurance. Therefore, it would be better if the casino player take a quick look at the rule card or ask the dealer to see if this option is allowed. Some casino players will never use the blackjack insurance. This is because they often view this as a coward’s way out of the game. In actual fact, this can be an effective method for casino players to walk away with your money instead of losing it all when used properly.

When to Surrender Your Hand

Experienced blackjack player will use the blackjack insurance when they have a slim chance of winning their hand. This often occur when the odds are not in their favor. Therefore, it would be totally logical to only lose half of the bet instead of losing it all. Generally, blackjack players should use the blackjack insurance when they have a winning chance of less than 25%. This would also mean that the casino are having 50% or more chance of winning the hand and getting all your bet. Below are some of the key takeaway for surrendering your hand:

If you are dealt with a 16 and the dealer has an up card of a 9, 10, Face card or Ace

If you are dealt with a 15 and the dealer has an up card of a 10 or Face card

The casino player shall not surrender their hand when dealt with a soft 15 or 16 or even an eight pair. The Ace pair can actually be counted as 11 and casino players can still add more cards to it without fearing of busting. In the event where the dealer has an Ace for an up card, casino player cannot surrender their hand until he checks for blackjack. When there are no blackjack, the casino player would have a 15 or 16, they may or may not surrender. Anyhow, it is not advisable to use the blackjack insurance under these situation as the house end at this point would not be greater than 50%.

What are the Odds of Winning Blackjack Insurance Bets?

The blackjack insurance is a great way to save the blackjack player from losing money when the dealer draw a natural blackjack. While using this option, casino players will automatically get back all their original bets and not lose all their money when the dealer draws a blackjack. The use of blackjack insurance is a highly debatable topic among the blackjack expert. Some of the expert said that it is bad for their blackjack odds. Therefore, it should never be included as part of their blackjack strategy.

In order to get a natural blackjack, the dealer would have to get a 10 in the hole. This would also mean that the casino players are able to break even with their insurance bet. For this type of bet, the odds of it happening would be 31% in a single deck game. In the same event, the odds for the dealer not getting a natural blackjack and get any other nine card is 69%. This would also mean that the casino player’s odds for losing in their insurance bet will increase under these situation.

Conclusion

When looking at these odds, it show that taking blackjack insurance is actually not a wise strategy. It may even cause the casino player to lose more money. Whenever the casino players manage to win the insurance four times and eventually lose it for another nine time. Breaking even would be difficult and most of the bets will end up losing more money than expected. The casino would be the only one benefiting from these events and that is also why they like the casino players to bet on blackjack insurance.