How Does Insurance Work in Blackjack?

When it comes to blackjack, insurance is a type of bet that is available to the player when the dealer is showing an Ace as their upcard. If the player has placed an insurance bet and the dealer does in fact have a blackjack, the player will be paid out at 2-1 odds.

While this may seem like a good bet to make, it is important to understand that the odds are actually against the player.

This is because the probability of the dealer having a blackjack when they are showing an Ace is only about 31%. This means that for every 100 hands that are played, the dealer will only have a blackjack 31 times.

This means that over time, the player will lose money on their insurance bets.

So why do casinos offer insurance? The reason is because it provides them with another way to make money. While some players may win on their insurance bets, the vast majority will lose.

This means that over time, the casino will come out ahead.

So if you’re wondering how insurance works in blackjack, now you know. It’s a bet that is offered by the casino in order to make more money, and one that you should avoid if you want to be a successful blackjack player.