Importance of Insurance in Blackjack

Some consider insurance bet as a necessary evil, while others consider as a good thing. Many players do not like the bet as it has a negative EV or expected value. Despite this, the bet is important in certain situations and can even be advantageous to the player. Our experts have prepared a comprehensive guide for Blackjack insurance and why it is important.

What is insurance in Blackjack?

Insurance is an optional bet in the game of Blackjack which the players can use if they think that the dealer’s face up card is an ace. It depends on the casino on how much you can bet on the insurance bet. In some casinos, you can stake up to half of your initial sake, while in others exactly half of the stake is taken. If the second card of the dealer turns out to be a picture card or a ten, then you win the insurance bet.

Situations where Insurance in Blackjack can be used

Dealers stress on using insurance because if the player wins the bet, he or she will come out with even money even if they lose the hand. If the player is good at counting cards and suspects that the rest of the deck will be full of tens, then it is a wise move mathematically to take an insurance bet. In this situation, the dealer is more likely to have a Blackjack card. It can be a game saver!

The next situation might be controversial. It has nothing to do with math, though. If the player has put a large initial stake and the dealer deals him a card and pulls up an ace, it is safer to call for insurance to guarantee your win bonuses.

Why is it important?

For the card counters, Insurance in Blackjack can be a very good play variation. It is worth over 30% of the total gains possible by the counters. But this can easily tip off the casino that you are an expert player. Ignore the bet and take the insurance if the situation recommends it. It can be useful in protecting high stake values.

Ask any card counter and he or she will always tell that Insurance in Blackjack is more valuable in the single deck rather than in multiple decks. First of all, Single decks are easy to count. The house edge is around 5.88% in single decks compared to 7.47% in an 8 deck game. Many advise using the 10-count^3 to estimate the advantage of accurately predicting a Blackjack.

How Insurance in Blackjack is used?

In Blackjack when the dealer draws a face-up card, he or she will go around the table and ask if anyone wants insurance. This is done in case the dealer gets a Blackjack. The player has to put half of the bet as an insurance and if the dealer gets a Blackjack, then the player 2-1 on the insurance wager.

In online casino games, the dealer usually moves from right to left side of the table asking every player if they want insurance. If both the player and the dealer receive a Blackjack, then no money is exchanged.

Insurance might seem like a reasonable option to protect your funds in certain situations. To be honest, it does not protect anything. Your bet stays on the dealer who might have a Blackjack card. Still, if your aim is to reduce the house edge and play in an optimal way, then insurance can be a good option.


Name: Importance of Insurance in Blackjack
Author: Helen Stratford
Published Date: 04/02/2019