Is Blackjack Insurance a Good Bet?

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For so many years, a lot of expert players have mixed views about taking insurance in blackjack. Some people think it’s a bad risk and some people think it’s a good bet. Although, the majority of the betting community agrees that it is a bad bet and should be avoided at all costs.

In this article, we will discuss the basics of insurance bets and why it is important that you know about them once you play it in a Singapore online casino.

Why do most people think it’s a bad bet?

In the game of blackjack, insurance is a side bet being offered to players once they know that the dealer’s up-card is an ace, which can make the dealer’s hand a blackjack.

The odds for a blackjack insurance has a payout of 2/1 and the maximum wager that is allowed for this bet is typically half of the player’s main wager amount. This offer will allow players to break even on their hand once the dealer hits a blackjack, even if it means they will lose their main bet.

This could be an attractive option for the players, however the players are only paid once the dealer’s down card is worth 10 points to make a blackjack, which has a low possibility. The insurance bets are a huge risk, this is why most experts think that this is a bad bet.

When should you take insurance bets?

According to experts the probability of the dealer making a natural blackjack is 33.3%, which means most of the time it can yield a losing bet. Furthermore, you can only be sure that the dealer will make a blackjack if you know card counting.

You can do card counting if the dealer uses a single deck on the blackjack shoe. You don’t need to memorise the value of each card in this technique, all you have to do is to keep in mind the ratio of all the cards with a value of ten points.

In short, blackjack insurance bets are profitable only if you apply a card counting technique. Players can break even once the dealer produces ten points despite the fact that the player’s main bet will lose, but they will still be paid half of their bet.

How important is it to know about insurance bets?

In the game, it is essential that you take any advantage of winning even if it is small. Honestly, taking insurance in blackjack is rare so you don’t have to worry about it. Although, once you have given a chance to play in a single deck game, you should take note of what we mentioned above.

In most casino games, devising a strategy is very important to ensure making a profitable hand. There are many betting systems out there that you can use to make sure that you will win in a blackjack game.

If you really want to take advantage of insurance bets and you are ready to take a risk, then you should start to learn about a few card counting techniques to apply in your online betting Singapore. By doing so, not only can you benefit out of this situation, you can also be ready when other opportunities to win emerge.

Final thoughts

Overall, insurance wagers are side bets that are offered to players before the dealer opens his hole card. This bet allows players to still receive a pay out even if they are about to lose their hand.

Although, this poses a huge risk and the assurance of winning in these offers requires players to apply certain card counting techniques. Nevertheless, if in doubt, you should avoid this bet at all costs.

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