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What does buy insurance mean in blackjack

Blackjack Insurance Insurance is a word that most people are familiar with. You buy insurance just in case you get in a car accident with an uninsured driver, just in case you die and just in case you break your arm after falling off your ladder while hanging Christmas lights. You pay a premium up [ ]. 3) You don't have blackjack but the dealer does. You win $10 on insurance and lose your original $10 bet, a push. 4) Neither you nor the dealer have blackjack and you win the hand. Insurance – By the Numbers. I was playing blackjack with a friend of mine, Phil. let me tell you a little bit about the insurance bet in blackjack. Insurance is a side bet offered by most casinos. As with all side bets, it is a bet that heavily favors the house. Now let me buy the next round.

What does "insurance pays 2 to 1" in blackjack really mean?

Single Deck Blackjack Advantages and Disadvantages. That is how you break even. However, I have some great news I want to share -. After receiving an initial two cards, the player has up to four standard options: The player whose bet is at the front of the betting box is deemed to have control over the position, and the dealer will consult the controlling player for playing decisions regarding the hand; the other players of that box are said to "play behind".

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Insurance in Blackjack

Chat or rant, adult content, spam, insulting other members, show more. Harm to minors, violence or threats, harassment or privacy invasion, impersonation or misrepresentation, fraud or phishing, show more. What does "insurance pays 2 to 1" in blackjack really mean? Say, if I place 50 dollars on insurance, and I win the insurance, do I get back dollars?

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Also, can someone explain to me how this "breaks even"? Are you sure you want to delete this answer? Here's how I explain it to my players When the dealer shows an Ace, you have the option to insure your bet against my Blackjack.

To do that you'd place chips up to half the amount of your bet on the insurance line. If I do have Blackjack you lose your original wager and your insurance bet pays 2: If I don't have Blackjack you lose your insurance bet and you have to play out your hand like normal. Technically you are just getting to keep your money, the house has given you nothing.

If the dealer doesn't have Blackjack even if you win your hand you're still down half your bet: Insurance is a house bet. I wouldn't recommend taking it.

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One seemingly good bet to beginning blackjack players is taking insurance. And a major reason why beginning players are fooled into thinking insurance is a good idea is because dealers ask players beforehand if they want insurance when the opportunity arises.

The opportunity for insurance wagers arise when the dealer draws a face-up ace; at this point, the dealer will go around the table and ask everybody if they want to take insurance. The insurance is in case the dealer receives a blackjack, and you put out half of your original bet as the insurance.

Assuming the dealer does have a blackjack, you win on your insurance wager. The dealer turns over his second card, which is a king, thus giving him a blackjack. And the first thing you have to understand with this concept is exactly what insurance entails.

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Most players mistakenly assume that insurance is meant to protect their hand in the event that the dealer has a blackjack. But the reality is that insurance is merely a wager on the dealer having a natural blackjack.

The main number you want to concentrate on here is 9: Perfect Pairs refers to a wager in which the first two cards dealt to a hand will be a pair of the same value; for example, a pair of twos, threes, fours, etc. Odds are paid depending on whether the two matching cards are also of the same suit, same color, or are of mixed colors. If the two cards do not form a pair, then the Perfect Pairs wager loses. Essential to take note of, is the fact that blackjack rules vary from one casino to the other and this may complicate learning blackjack.

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