Insurance may or may not be a term you are familiar with when it comes to the world of Blackjack. If not, it is important to study up and learn exactly what this could mean for you. Knowing what insurance is, and what it does, could mean the difference between big payouts and wins, and losing your bets all together.
Blackjack insurance is only offered in a specific scenario. If the dealer has an Ace showing, and before they can check the face down card, they will be required to offer insurance for the player on their own hand. This means that if you take it, you will be betting that the face down card is worth ten, which makes it a “natural” and a two card twenty one. If you take the insurance, and the bet is won (the dealer has a two card hand worth twenty one) then this means a big win for you!
The idea behind this is that you will want to protect your initial bet, even though the dealer will win with twenty one. The insurance is worth half of your original bet, and allows you to earn back the money you would have otherwise lost on the twenty one.