What Are the Odds on Insurance in Blackjack?

Most blackjack players know that insurance is a bad bet. The odds of the insurance bet are terrible, and it’s a waste of money. But what are the actual odds of insurance in blackjack?

The odds of insurance are 2 to 1. This means that for every $1 you bet, you will only win $2 if the dealer has a blackjack.

 Exclusive BlackJack Casino Offers: 

PRO TIP:When playing blackjack, it is important to take into account the odds of insurance when deciding whether or not to take a card. Insurance is usually offered when the dealer’s up card is an Ace. Taking this bet means that if the dealer has Blackjack, you will be paid out at 2:1. However, if the dealer does not have Blackjack, you will lose your original wager. Therefore, it is important to know the chances of the dealer having Blackjack before taking insurance – this is usually around 30%.

The chances of the dealer having a blackjack are about 9%. This means that you will lose money on insurance about 81% of the time.

So, should you ever take insurance? No! The odds are against you, and it’s not worth the risk. If you want to win at blackjack, stick to basic strategy and don’t waste your money on insurance.