If you are new to blackjack, then you may not know about the infamous insurance bet. The insurance bet only comes up if the dealer’s face up card is an Ace. It is essentially a bet that the dealer’s next card will give them blackjack. A player who made the insurance bet is paid out 2 to 1. There are very specific circumstances where the insurance bet would be useful for players. If these factors are not present, then we would suggest refusing the bet and allowing the game to commence.
In this article, we will give you a good understanding of the insurance bet and when the right time is to make an insurance bet. Keep reading below to find out more about this and other useful blackjack tips.
Step-by-Step: What Happens When You Win Blackjack Insurance
Assuming you know a bit about the rules of blackjack from playing at USA online casinos, we will start by setting the scene. You have placed a $20 bet and are dealt a Jack and a 9. The dealer’s face up card is an Ace. Let’s look at a step-by-step illustration of how the insurance bet is won.
Step 1: You take an insurance bet equal to half of your original bet. Therefore, your side bet is $10.
Step 2: The dealer’s second card is dealt and he receives a 10 (or other face card), which means the dealer has blackjack.
Step 3: You have won your insurance bet as the dealer has blackjack. In this example, it means that your insurance bet is paid out 2 to 1, or in other words, you made $30. This leaves you with a net profit of $10 for that round.
How do you Lose Blackjack Insurance?
What happens if an insurance bet lost? Let’s look at another example where you have placed a bet of $20 and are dealt a 10 and an 8, while the dealer is dealt an Ace.
Step 1:Â You take out an insurance bet of $10.
Step 2: The dealer’s card is dealt and it is a 4.
Step 3: Your insurance bet has failed and you have lost the $10 side bet. Even though you lost your insurance bet, the round continues as normal where you can either hit, surrender, stand, or split.
