Is insurance a good bet in blackjack?
Furthermore, should you ever take insurance in blackjack?
To take it, you must put up half your wager. If the dealer has blackjack, you win the insurance bet, usually at 2 to 1 odds - meaning you break even on the hand. If the dealer doesn't have blackjack, you lose the insurance bet. The verdict: Even if you think you're psychic, it's best to avoid insurance bets.
Moreover, what does it mean to insure your bet in blackjack?
Insurance is a side bet that the dealer has blackjack and is treated independently of the main wager. It pays 2:1 (meaning that the player receives two dollars for every dollar bet) and is available when the dealer's exposed card is an ace.
The Truth: It's absolutely true that dumb plays made by dumb players can affect the outcome of a hand for everyone else. But it has been proven mathematically that it is just as likely that a dumb play could result in the entire table's winning.