If you enjoy playing Blackjack online then chances are you will have come across a version which offers an ‘Insurance’ option. This Insurance wager is designed to take the sting away from losing by giving players a chance to cut their losses and walk away without too much damage. The trick is knowing the right time to take the Insurance wager for it to really be worth it. Blackjack players tend to work the Insurance wager into their Blackjack strategy, but it must be used carefully.
The way that it works is that the player will essentially be setting aside an additional bet that the dealer has Blackjack. This separate wager can only be used after the initial cards have been dealt and if the dealer’s up card is an Ace. To place the Insurance bet, players need to split half of their initial wager. If the dealer does show Blackjack with his hand then the insurance pays out and the player will break even for the hand. If the dealer has any hand other than Blackjack then the player will simply lose the Insurance bet.
The reason that Blackjack players use the Insurance bet is because they are anticipating that the dealer is about to reveal a 10 in his down card. These players are relying on their instinct rather than looking at the game statistics when they place a wager like this. For instance, they might feel like the dealer is on a roll and is therefore more likely to get Blackjack. Although using your instinct when playing Blackjack can be helpful, it is more sensible to rely on an effective Blackjack strategy – even one that involves subtle card-counting – and only use the Insurance wager when you have a statistically sound reason for believing the dealer may have Blackjack.
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