Blackjack is a complete skill game in casinos. At kiva.org, you can play it for real money. Still, it’s not easy to win this game. When playing blackjack, many players shy away from the insurance bet. They see it as a bad bet and believe they are throwing away their money by making this wager. However, if you understand how blackjack insurance works, you may find this is not the case. In today’s post, we will share the ins and outs of the insurance bet in blackjack and help you decide whether or not it is a wise investment for you.
The Mechanism of an Insurance Bet
In blackjack, an insurance bet is made when the dealer’s upcard is an Ace. The player bets that the dealer has a ten-value card in their hole card.
This side bet pays out at two-to-one odds if the dealer indeed has blackjack. The player loses their insurance bet if the dealer does not have blackjack. While this may seem like a good deal, the reality is that the odds are not in the player’s favor when making an insurance bet.
The probability of the dealer having blackjack when they show an …