What every player should know about insurance bet in blackjack
Lesson description
Insurance bet payouts may seem appealing, but the reality of this side bet paying out is questionable. Find out whether this side bet is worth the risk with Mr Blackjack.
What this lesson covers
- The mathematics behind insurance bet
- How often insurance bet pays out
- The optimal conditions to make this wager
Episodes
FAQs
Is insurance bet good in blackjack?
Insurance bet has negative expected value. This means that if you were to bet on this wager every time, you would lose more money than you would win long-term. Our insurance bet guide covers this in more detail.
How much does insurance bet cost?
An insurance bet costs half your original wager and has a payout of 2:1. As an example if your initial wager was $10, your insurance bet will cost $5 with a potential payout of $10 on the wager.
Do payouts on insurance bets change in blackjack?
The standard payout for insurance bet is 2:1. If you find casinos offering lower payouts, avoid them. They’re trying to increase their edge by giving you smaller winnings on your side bets.
What does insurance mean in blackjack?
It essentially insures a player against the chance the dealer has blackjack.
How often does the dealer have blackjack?
Generally, the dealer has blackjack 30% of the time in a game. Players might assume this means the blackjack odds are in their favor, but the house edge on these wagers mean the payouts are low on these wagers, even if you win.
Are there other side bets I should make instead of insurance bet?
There are numerous side bets in blackjack. Some of these wagers appear in all blackjack games, other times casinos will create exclusive side bets for their tables. Our side bets guide covers the essentials behind the most popular wagers.
Where can I practice insurance bets?
Our free blackjack arcade has dozens of blackjack games available where you can practice making insurance bets.
