Do You Take Insurance if You Have Blackjack?

If you’re a regular blackjack player, you’ve probably come across the question of whether or not to take insurance. Insurance is a side bet that becomes available when the dealer’s up card is an Ace. The idea behind insurance is that you’re betting that the dealer has a blackjack, which pays out at 2:1 odds.

However, the question remains – should you take insurance if you have blackjack? The short answer is no, and there are several reasons why.

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First and foremost, taking insurance when you have blackjack will not increase your winnings. In fact, it will only decrease them.

If you have blackjack and take insurance, your net payout will be 1:1 if the dealer does indeed have a blackjack. This means that instead of winning 3:2 on your original bet, you’ll only break even.

PRO TIP:If you have Blackjack, you can still take insurance in some cases. However, this is usually not recommended as it’s not a good bet. Insurance pays out 2-1 if the dealer has Blackjack, but the odds of this happening are low and the player will end up paying more for insurance than they would potentially win.

Secondly, taking insurance is generally not a good strategy in blackjack. Statistically speaking, the odds are against you.

Even though the dealer’s up card is an Ace, there are still nine other cards that could give them a total of 21 (10s and face cards). This means that there’s only around a 30% chance that the dealer actually has a blackjack.

Furthermore, taking insurance also increases the house edge in blackjack. By taking insurance, you’re essentially making another bet on top of your original one. This means that even if you win your original bet with a blackjack, if the dealer doesn’t have one and you lose your insurance bet, your overall payout will still be less than it would have been without taking insurance.

So what should you do instead? The best strategy in this situation is to simply stand pat with your blackjack hand and hope for the best. Don’t fall into the trap of thinking that taking insurance will somehow increase your winnings or improve your odds – it won’t.

In conclusion, while it may seem tempting to take insurance when you have blackjack, it’s generally not a good idea. By doing so, you’re essentially taking on an additional bet with poor odds and decreasing your overall payout. Instead, stick with the tried-and-true strategy of standing pat and hoping for the best.