Blackjack Insurance | 5 Reasons to Avoid

There are many actions in blackjack , one of which is insurance.

Insurance means “insurance” in Japanese. As the name implies, “insurance” is the action of betting half of your stake and insuring when the dealer’s first card is likely to be blackjack at A (ace). Refers to. In other words, it is an action to take advantage of the chance that you would normally lose and profit from it.

At first glance, insurance may seem like a very useful action, but if you don’t use it properly, you may end up losing money.

First of all, I will explain in detail what insurance is like. Insurance is an action that can be selected when the dealer’s up card is A.

If the up card is A and the other face down card is 10 or a picture card, the dealer is blackjack. In that case, the player also loses unless it is blackjack.

If the dealer’s up card is A, the player is likely to lose, so the real intention is to manage this situation.

Insurance can be used in such cases. If the dealer thinks he will be blackjack, he bets an additional half of his first stake. If you insure and the dealer actually becomes a blackjack, you’re right and you’ll get three times the payout of your insured stake.

For example, let’s say your initial bet is $ 100. And suppose the dealer’s upcard was A, so you insurance here and bet $ 50. In this case, the first $ 100 will be forfeited, but it will be plus or minus 0 as the dividend will be $ 150, which is three times the $ 50. In this way, insurance can prevent losses.

How to use Blackjack Insurance

In Blackjack, when the dealer’s up card is A, the dealer calls it “Insurance Open”. At this time, the player can insure by betting another half of the bet amount, and if the dealer says “insurance close”, he will not be able to insure any more.

If you have insurance, you will have the following 5 patterns.

  • Insurance hits + loses to the main race
  • Insurance is off + wins the main race
  • Insurance is out + main race is also lost
  • Insurance is out + player wins in blackjack
  • Insurance is right + player is also blackjack

Below, we will explain each pattern. In the following, the initial bet amount is $ 100 and the insurance bet amount is $ 50.

  1. Insurance hits, loses to the main raceLet’s say you have insurance and the dealer actually becomes blackjack. In this case, the initial bet amount of $ 100 will be forfeited.

Players will then be paid $ 150, which is three times the $ 50, as they will be refunded for what the insurance hits.

For every $ 150 you stake, $ 150 will be refunded, so your balance will be zero.

With this pattern, the insurance was successful and we were able to prevent losses. This is an insurance success pattern.

Insurance is off + wins the main race

Let’s say the dealer’s hand wasn’t actually blackjack, even if you did insurance. And suppose that the total value of the player’s hands is closer to 21 than the dealer, and he wins the main battle.

In this case, $ 50 of insurance will be forfeited, but you will be paid twice the initial bet of $ 100.

That leaves you with a profit of $ 50. In this case, the insurance has reduced the player’s profits.

Insurance is out + main race is also lost

Suppose you have insurance and the dealer is not blackjack and the total number of hands is closer to 21 than the player.

In this case, both the initial bet of $ 100 and the insurance of $ 50 will be forfeited, resulting in a loss of $ 150.

In this pattern, the amount of loss for the player was large due to the insurance. This is the worst pattern for insurance.

Player wins in blackjack

Suppose the insurance is off and the player wins blackjack. In this case, the dividend for the main race will be 1.5 times, so $ 150 will be paid. And since $ 50 of insurance is confiscated, the balance has become zero.

In this case, even though I became a blackjack, I lost profit because of insurance.

Blackjack for both players and dealers

If both the player and the dealer are blackjack, it will be a draw and the initial bet of $ 100 will be refunded as is. And for the insurance hit, $ 150 will be paid, which is a profit of $ 100.

This is the only pattern of insurance and profitability. However, the odds of both the player and the dealer becoming blackjack are fairly low, so it’s best to assume that it rarely happens in a real game.