Explain Insurance In Blackjack
2021年12月13日Register here: http://gg.gg/x8bh2
Insurance is a word that most people are familiar with. You buy insurance just in case you get in a car accident with an uninsured driver, just in case you die and just in case you break your arm after falling off your ladder while hanging Christmas lights. You pay a premium up front and if or when the inevitable happens, the insurance companies takes care of (most of) the cost.
With traditional insurance in mind, I think a lot of players confuse what insurance is as a side-bet in blackjack. Insurance (in blackjack) is not as good as it appears. My goal for this article is to explain exactly what blackjack insurance is, and why you should avoid it like the plague.
Just because blackjack insurance is a simple concept to understand, doesn’t mean it’s without dispute. There are differing opinions on whether it is a good bet or a sucker bet, and we’re here to set you straight.Explain Insurance In Blackjack
Insurance is a side-bet that dealers offer to players whenever they have an ace showing. The idea behind insurance is to protect your bet just in case the dealer has a blackjack.
*The insurance bet is only available if the dealer’s up card is an ace. Late Surrender: A rule which allows a player to surrender after the dealer has checked for blackjack at the cost of half the initial stake.
*Insurance in blackjack should be classified as a sucker bet. It is also classified as a side bet, available in most games of 21. It is offered when the dealer holds an Ace as their up-card. The bet is only open before the dealer checks or draws the hole card.
*But before diving into how blackjack insurance works, let’s first explain what blackjack insurance means. What exactly does blackjack insurance mean? For most people, because of the word “insurance” in the name, they think the casino is protecting the players. That’s actually a wrong way to look at this. Blackjack insurance is a side.
*Insurance costs half of your original wager and pays 2 to 1 when the dealer has a natural blackjack. The only way the dealer has a natural blackjack is when his or her down card is worth 10 points. The odds of the face down card being worth 10 points are 9 to 4 against.
How Does Insurance in Blackjack Work?
When a dealer has an ace showing they’ll ask you if you want insurance. This is before they check for a (natural) 21. If you take the insurance you can wager as much as half of your original bet. For example, if your original bet was $10 you can pay as much as $5 for insurance.
Once the insurance bet has been placed the dealer will then check for a blackjack. If the dealer has a blackjack you’ll be paid 2-1 on your money (insurance bet). If you wagered $5 you’d receive $10. However, unless you have a blackjack, too, you will still lose your original bet, breaking even overall. If the dealer doesn’t have a blackjack, you’ll lose your insurance bet and will still have the opportunity to play your hand like normal.
Another insurance-like situation you may find yourself in is if you have a natural blackjack and the dealer has an ace showing. The dealer will offer you even money on your bet. In other words, if you bet the maximum of $5 insurance on a $10 bet and the dealer has a 21, you’ll push on the blackjack, but win 2-1 on your insurance. So you’d be up $10. However, if you take the insurance and the dealer doesn’t have a blackjack, you’ll lose your $5 bet and win 2-1 on your blackjack ($15) for a total of $10. Either way, you walk away with an even money win.
So… Should You Take Insurance or Even Money Side-Bets?Insurance Meaning In Blackjack
No. Experts recommend that you pass on insurance bets.
The reason why passing on insurance in blackjack is recommended is because the dealer will only show up with a blackjack 30.87% of the time. However, to breakeven on the insurance bet you need a 10-point card to show up 1 out of 3 times (33%). So every time you take this bet you’re taking a minor loss over the long run, assuming you max your insurance bet (half the original).Explain Insurance In Blackjack For Real
There are exceptions, of course. For example, if you’re a card counter than you would know how many 10-point cards are left in the deck. So if the deck is rich with 10-point cards it would make sense to take the insurance bet. If the deck is poor with 10-point cards you’d pass on insurance.
You could even make the argument that you don’t have to be a card counter. In fact, if you simply pay attention to the cards dealt and notice that there are more 10-point cards then you could pass on insurance, or vice versa. The difference here (from counting cards) is that you’re not as accurate, and would likely be making a breakeven play, or at best a slight win/loss.
At the end of the day, though, taking insurance is going to be a -EV bet for the majority of players. To give you a better idea of how insurance affects the house edge, just look at these numbers:
*1 Deck – 5.88%
*2 Decks – 6.8%
*4 Decks – 7.25%
*6 Decks – 7.4%
*8 Decks – 7.47%
Not very appealing, right? So unless you know how to count cards you should avoid taking the insurance bet in blackjack like the plague. Unless you like losing, of course.
One seemingly good bet to beginning blackjack players is taking insurance. And a major reason why beginning players are fooled into thinking insurance is a good idea is because dealers ask players beforehand if they want insurance when the opportunity arises. However, this is a very poor wager, and we’ll get into the specifics of why after explaining more about this bet.
How Insurance Bets Work
The opportunity for insurance wagers arise when the dealer draws a face-up ace; at this point, the dealer will go around the table and ask everybody if they want to take insurance. The insurance is in case the dealer receives a blackjack, and you put out half of your original bet as the insurance. Assuming the dealer does have a blackjack, you win 2-1 on your insurance wager.
To illustrate how this works, let’s say that you make a $10 bet, and the dealer shows an ace. You then take the offered insurance bet by laying another $5 out on the table. The dealer turns over his second card, which is a king, thus giving him a blackjack. Fish table gambling tips. In this event, you receive win $5 on your insurance bet ($10 total), but lose $10 since the dealer had a blackjack. So basically, your overall bet was a push, and this doesn’t seem like such a bad deal so far.
Now, let us assume that the dealer didn’t have a natural blackjack; in this instance, you automatically lose the $5 insurance wager; however, you still have a chance to win the original $10 wager if your hand beats the dealer’s.
Why the Insurance Bet is Bad
Consult any source of blackjack strategy and they’ll tell you that insurance is bad. And the first thing you have to understand with this concept is exactly what insurance entails. Most players mistakenly assume that insurance is meant to protect their hand in the event that the dealer has a blackjack. But the reality is that insurance is merely a wager on the dealer having a natural blackjack.
The main number you want to concentrate on here is 9:4 odds – or rather, the odds against the dealer having a blackjack when they’re showing an ace is 9:4. To break this down further, let’s say you make $5 insurance bets 130 times; based on the 9:4 odds, you’d win your bet 40 times for $400 in total winnings ($10 total earnings X 40 bets). On the other hand, you’d lose 90 of these bets for $450 in total losses ($5 total losses X 90 bets). As you can see, this leaves you $50 in the hole, thus making it a bad bet overall.
Register here: http://gg.gg/x8bh2
https://diarynote-jp.indered.space
Insurance is a word that most people are familiar with. You buy insurance just in case you get in a car accident with an uninsured driver, just in case you die and just in case you break your arm after falling off your ladder while hanging Christmas lights. You pay a premium up front and if or when the inevitable happens, the insurance companies takes care of (most of) the cost.
With traditional insurance in mind, I think a lot of players confuse what insurance is as a side-bet in blackjack. Insurance (in blackjack) is not as good as it appears. My goal for this article is to explain exactly what blackjack insurance is, and why you should avoid it like the plague.
Just because blackjack insurance is a simple concept to understand, doesn’t mean it’s without dispute. There are differing opinions on whether it is a good bet or a sucker bet, and we’re here to set you straight.Explain Insurance In Blackjack
Insurance is a side-bet that dealers offer to players whenever they have an ace showing. The idea behind insurance is to protect your bet just in case the dealer has a blackjack.
*The insurance bet is only available if the dealer’s up card is an ace. Late Surrender: A rule which allows a player to surrender after the dealer has checked for blackjack at the cost of half the initial stake.
*Insurance in blackjack should be classified as a sucker bet. It is also classified as a side bet, available in most games of 21. It is offered when the dealer holds an Ace as their up-card. The bet is only open before the dealer checks or draws the hole card.
*But before diving into how blackjack insurance works, let’s first explain what blackjack insurance means. What exactly does blackjack insurance mean? For most people, because of the word “insurance” in the name, they think the casino is protecting the players. That’s actually a wrong way to look at this. Blackjack insurance is a side.
*Insurance costs half of your original wager and pays 2 to 1 when the dealer has a natural blackjack. The only way the dealer has a natural blackjack is when his or her down card is worth 10 points. The odds of the face down card being worth 10 points are 9 to 4 against.
How Does Insurance in Blackjack Work?
When a dealer has an ace showing they’ll ask you if you want insurance. This is before they check for a (natural) 21. If you take the insurance you can wager as much as half of your original bet. For example, if your original bet was $10 you can pay as much as $5 for insurance.
Once the insurance bet has been placed the dealer will then check for a blackjack. If the dealer has a blackjack you’ll be paid 2-1 on your money (insurance bet). If you wagered $5 you’d receive $10. However, unless you have a blackjack, too, you will still lose your original bet, breaking even overall. If the dealer doesn’t have a blackjack, you’ll lose your insurance bet and will still have the opportunity to play your hand like normal.
Another insurance-like situation you may find yourself in is if you have a natural blackjack and the dealer has an ace showing. The dealer will offer you even money on your bet. In other words, if you bet the maximum of $5 insurance on a $10 bet and the dealer has a 21, you’ll push on the blackjack, but win 2-1 on your insurance. So you’d be up $10. However, if you take the insurance and the dealer doesn’t have a blackjack, you’ll lose your $5 bet and win 2-1 on your blackjack ($15) for a total of $10. Either way, you walk away with an even money win.
So… Should You Take Insurance or Even Money Side-Bets?Insurance Meaning In Blackjack
No. Experts recommend that you pass on insurance bets.
The reason why passing on insurance in blackjack is recommended is because the dealer will only show up with a blackjack 30.87% of the time. However, to breakeven on the insurance bet you need a 10-point card to show up 1 out of 3 times (33%). So every time you take this bet you’re taking a minor loss over the long run, assuming you max your insurance bet (half the original).Explain Insurance In Blackjack For Real
There are exceptions, of course. For example, if you’re a card counter than you would know how many 10-point cards are left in the deck. So if the deck is rich with 10-point cards it would make sense to take the insurance bet. If the deck is poor with 10-point cards you’d pass on insurance.
You could even make the argument that you don’t have to be a card counter. In fact, if you simply pay attention to the cards dealt and notice that there are more 10-point cards then you could pass on insurance, or vice versa. The difference here (from counting cards) is that you’re not as accurate, and would likely be making a breakeven play, or at best a slight win/loss.
At the end of the day, though, taking insurance is going to be a -EV bet for the majority of players. To give you a better idea of how insurance affects the house edge, just look at these numbers:
*1 Deck – 5.88%
*2 Decks – 6.8%
*4 Decks – 7.25%
*6 Decks – 7.4%
*8 Decks – 7.47%
Not very appealing, right? So unless you know how to count cards you should avoid taking the insurance bet in blackjack like the plague. Unless you like losing, of course.
One seemingly good bet to beginning blackjack players is taking insurance. And a major reason why beginning players are fooled into thinking insurance is a good idea is because dealers ask players beforehand if they want insurance when the opportunity arises. However, this is a very poor wager, and we’ll get into the specifics of why after explaining more about this bet.
How Insurance Bets Work
The opportunity for insurance wagers arise when the dealer draws a face-up ace; at this point, the dealer will go around the table and ask everybody if they want to take insurance. The insurance is in case the dealer receives a blackjack, and you put out half of your original bet as the insurance. Assuming the dealer does have a blackjack, you win 2-1 on your insurance wager.
To illustrate how this works, let’s say that you make a $10 bet, and the dealer shows an ace. You then take the offered insurance bet by laying another $5 out on the table. The dealer turns over his second card, which is a king, thus giving him a blackjack. Fish table gambling tips. In this event, you receive win $5 on your insurance bet ($10 total), but lose $10 since the dealer had a blackjack. So basically, your overall bet was a push, and this doesn’t seem like such a bad deal so far.
Now, let us assume that the dealer didn’t have a natural blackjack; in this instance, you automatically lose the $5 insurance wager; however, you still have a chance to win the original $10 wager if your hand beats the dealer’s.
Why the Insurance Bet is Bad
Consult any source of blackjack strategy and they’ll tell you that insurance is bad. And the first thing you have to understand with this concept is exactly what insurance entails. Most players mistakenly assume that insurance is meant to protect their hand in the event that the dealer has a blackjack. But the reality is that insurance is merely a wager on the dealer having a natural blackjack.
The main number you want to concentrate on here is 9:4 odds – or rather, the odds against the dealer having a blackjack when they’re showing an ace is 9:4. To break this down further, let’s say you make $5 insurance bets 130 times; based on the 9:4 odds, you’d win your bet 40 times for $400 in total winnings ($10 total earnings X 40 bets). On the other hand, you’d lose 90 of these bets for $450 in total losses ($5 total losses X 90 bets). As you can see, this leaves you $50 in the hole, thus making it a bad bet overall.
Register here: http://gg.gg/x8bh2
https://diarynote-jp.indered.space
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