Do you take insurance in blackjack? As a blackjack player, you will come across this question often from other players. But what does insurance mean in blackjack? If you are not sure in blackjack what is insurance or how to use it to your profit, we will explore all these answers in these rules.

Read our detailed guide for blackjack insurance rules and when it is profitable to take them.

Our Best Online Casinos To Play Blackjack

Cobra Casino
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Cobra Casino is an amazing gaming place. The casino allows you to make the most out of blackjack insurance bet, considering there are so many options from NetEnt, Wazdan, and Pragmatic.

Cobra Casino is a multilingual casino for anyone who has trouble understanding blackjack insurance strategy in a non-native language. If your country is banned from playing in the casino like the US or UK, you won’t be able to make an insurance bet. Too bad because their deposit bonus is pretty nice too.

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SlottoJAM
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High rollers get ready to leverage the online casino strategy blackjack to the full capacity because this casino has an impressive VIP program that allows you to make the best for your bucks.

You get your own personal account manager with personalized bonuses that boost your deposits and withdrawals. Outshine other players with your Blackjack tournament strategy in their online live casino with the power of Evolution Gaming and NetEnt in the background.

If you are thinking of How To Play Spanish 21, sports betting, or European Blackjack, there is no other place better than this.

  • Welcome package: 100% deposit match up to €300.
Wild Casino
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Taking insurance in blackjack meaning you get a chance to win more for your money, and now you can get the benefits in bitcoin. Not only is this casino a pioneer in online gaming, but you also get Mobile blackjack games, which enables you to play anywhere at any time.

You get complete privacy and a lot of payment choices to select from. The theme of the casino is very western and fun, and the games are plenty, along with esports betting. High limit blackjack is a staple of the casino, and taking insurance can help if you are a high roller adept at Casino strategies because they also have a huge welcome bonus.

Welcome package:

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Billion Casino
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If you are skeptical and thinking, are online casinos rigged, here’s a safe option for you. This casino is licensed and regulated by the UK Gambling Commission, which means they get regularly audited, and you never have to worry about when to surrender in blackjack when working on a strategy because you get a fair chance to win.

They have leading providers like NetEnt, Play’n GO, Pragmatic Play, Red Rake collaborating on the platform, which makes the gaming experience pretty excellent, in our opinion. The games are also highly compatible with mobile phones, including video poker.

Welcome package:

  • Get €200 + 100 free spins on signing up.

How Blackjack Insurance Work

Frequenting online casinos and curious about what is insurance in blackjack? Blackjack insurance is not exactly what it sounds like. If you have been reading Baccarat Strategy, Keno Strategy, and High Limit Slots Strategy to win, knowing how blackjack insurance works will help you in the game, especially if you are a high roller.

You don’t get money back when you make a bad bet. But it is a side bet which you can make on top of the original stake.

The only time you get this in betting sites is when the dealer has an Ace upcard. If you have read the Online Casino Guide, you know that this is safety against any opposing blackjack. This bet is half of your original wager and pays out at 2 to 1 odds.

The side bet gets completed when the dealer shows their second card. If the second card is a king, joker, queen or ten, the dealer makes a blackjack, which means you win the bet. If it’s any other card, you lose the insurance bet. Depending on card counting on your original bet, you can still win the original.

Do You Take Insurance In Blackjack - The Expected Value Of Returns

Further Information

The main goal of the insurance bet is that you win when the dealer has a blackjack. If the dealer has shown an ace before they have disclosed their hole card, the insurance bet becomes available. Now, normally the dealer will announce this option to all the players on the table. This means, if you are playing in an online casino, you get a button popping up to take or reject the bet.

The side bet is played indecently from the main wager. Even if you lose the side bet, you can still win the main one and payout at a 2 to 1 rate. If the dealer gets a ten making a blackjack, you get €2 for every €1 you have invested. If you won the insurance bet and lost the main hand, you have won more than expected.

On the other hand, when the dealer does not have black jack insurance bet, the play continues as usual, and you can still win the main bet.

If you want to take the insurance bet, you have to bet at least half of the main wager you have placed. So, if your original bet was $20, you have to make an insurance bet of $10.

The player can also choose the insurance bet when they have blackjack, which is called having even money.

When Do You Take Insurance In Blackjack?

If there are fewer decks on the table, you can take a chance. But if you are too bad at card counting and playing on an eight-deck table, it’s better that you stay away from insurance bets. The odds against the dealer of making a blackjack around about 9/4. This means you will lose more than half of the money you put on an insurance bet since you have to bet at a 2 to 1 odd.

If you are a card counter, however, and able to keep track of how many ten-point cards are still on the deck, then, by all means, this becomes your forte, and you should try your luck. If the deck has more tens and king, queen, joker cards, then the higher their chances of hitting a blackjack.

Some players love insurance bets, others not so much. In most forms, this kind of bet carries a negative expected return, which means you will lose more money if you keep taking it in the long term.

Do You Take Insurance In Blackjack For Better Odds?

The exact odds of winning the insurance bet won’t always stay equal. It will vary depending on how many decks are on the table, and how many ten cards have been dealt with.

Now, card counters can keep track of this and leverage the situation to make a profit out of this bet. However, for others, the odds are not very good. Especially since the decks get shuffled at every turn when you are playing in an online casino.

The house advantage on a one-deck game is 5.8% in an insurance odd, but that becomes 7.5% when eight decks are being used. The odds are just not worth it to play when there is such a huge house edge unless you know for sure what chance there is of the dealer to make a blackjack, and this is something that only advanced card counters can accomplish.

Advantages And Disadvantages Of Insurance Betting

PROS
  • Can boost your winning amount when played strategically.
  • It’s a safety net against other blackjacks.
  • Good when there are fewer decks on the board.
  • Good if there are more faces and ten cards on the deck.
CONS
  • Not worth the trouble if you have too many decks.
  • Has a negative expected return in most cases.
  • High house edge.

Do You Take Insurance In Blackjack – Verdict

This is a mixed bag. If you are playing for a long time and taking the insurance bet at every chance available, you can end up losing more money than you are expecting, and even at a very small fractional percentage, they still add up.

On the other hand, if you are a high roller and know when your hand is working, not taking the insurance bet might be a mistake. Take the best call, play in casinos that are fair and regulated, and have fun, because blackjack insurance depends on your hand and caliber.