Blackjack Betting on Insurance

admin · Site Admin Joined: 15 May 2007 Posts: 860

In Blackjack betting, an insurance bet is offered when the dealer's face up card is an Ace. In this scenario, players have a Blackjack betting opportunity to guess whether or not the dealer is holding a natural Blackjack that adds up to 21. Players basically bet on whether or not the dealer's face down card has a value of 10 (is a 10, Jack, Queen or King).

It sometimes occurs in an insurance bet situation that the player himself is holding a natural Blackjack of 21. In this case, a player with a 21 has several options.

This player will first be offered the chance by the dealer to accept Even Money. This offer is basically the dealer's way of saying, "I probably have a natural, and you have a natural, so let's call it even." If a player accepts, he receives a 1-to-1 payout. Whether or not the dealer actually has a natural is not important.

This player can also take the Blackjack betting offer. However, no matter whether or not the dealer has Blackjack, the player will always come out with a 1-to-1 payout because the player must lose one of his two bets (either the insurance or the original bet).

If this player decides not to take participate in insurance Blackjack betting, he will not lose anything. If the dealer has Blackjack, the player pushes, breaking even. If the dealer does not have Blackjack, the player wins the original 3:2 bet for natural hands.