Blackjack strategy insurance is a side bet offered when the dealer shows an ace. It pays 2:1 if the dealer has a blackjack, allowing players to 'protect' their original wager. While it sounds safe, this bet is rarely a smart move in the long run.
Understanding when insurance aligns with basic strategy is key. For most players, especially those not counting cards, taking insurance increases the house edge and reduces expected value. It’s important to know the math behind the bet before making a decision at the table.
When the dealer reveals an ace, players are offered insurance, typically for half their original bet. If the dealer has a 10-value card in the hole, the insurance bet wins at 2:1, effectively breaking even on the hand. If not, the insurance bet loses.
While it seems like a way to avoid losing your main bet, insurance is a separate wager with a high house edge—usually around 7%. Over time, it costs more than it saves, making it a poor choice for disciplined players.
For card counters, insurance can be profitable when the deck is rich in 10-value cards. In these situations, the odds of the dealer having blackjack are higher than normal, shifting the expected value in favor of the bet.
For casual players using basic strategy, insurance is almost always a losing proposition. The odds of the dealer having a 10 in the hole are roughly 30.8%, but the 2:1 payout doesn’t compensate enough to justify the risk. Basic strategy recommends declining insurance in nearly all cases.
The verdict is clear: insurance is a sucker bet for most players. It adds to the casino’s edge and distracts from sound strategy. Even if you win occasionally, the long-term cost outweighs the benefit.
Stick to basic strategy—never take insurance unless you’re counting cards and have a strong count. Focus on making optimal decisions on hitting, standing, and doubling instead of chasing side bets that hurt your bottom line.
Is blackjack insurance a good bet?
No, for most players. It has a high house edge and rarely pays off in the long run. Only card counters should consider it under specific conditions.
What does insurance pay in blackjack?
Insurance pays 2:1 if the dealer has blackjack. You win the side bet but lose your original wager unless you also have blackjack.
Can you take insurance with a blackjack?
Yes, but it’s called 'even money.' You get a 1:1 payout immediately instead of risking a push. It’s generally better to decline and hope the dealer doesn’t have blackjack.
Play responsibly. Gambling can be addictive. Set a limit and stop if it stops being entertainment. 18+.