What is Dealers Insurance Blackjack bet?
Why does the Casino offer the Insurance BJ bet and should you always accept or decline or it?
When the Dealer has an Ace showing as it's upturned or face card you may be offered a Blackjack Insurance bet by the Dealer. Should you accept it or decline and why? The Casino BJ Insurance bet is a very odd bet for Blackjack as you are actually making a bet that the DEALER HAS been dealt a natural Blackjack (Ace and a face card).
If you make the Blackjack Insurance bet you actually now want the Dealer to have hit a natural Blackjack.
Basic Blackjack Strategy states that you should never accept the Dealers offer of a Blackjack Insurance bet. This is worked out on your long term profitability (+EV) but there may be short term situation where you may want to sacrifice this to insure your Bank Roll or winnings for that session.
Why does Basic Blackjack Strategy say that you should never accept the Dealers offer of Blackjack Insurance? The reason is that there are more cards in the Shoe that means the Dealer does NOT have a natural Blackjack than cards that help the Dealer to have been dealt BJ. You are taking a 1:1 or evens money bet on less than evens odds. So even if you win short term you have to lose long term.
How do Casino Blackjack Insurance bets work and pay out?
How does a Dealer BJ Insurance bet work? When you accept the Dealers offer of BJ Insurance you make an extra bet worth exactly half your original betting amount. The Dealer then checks his hole cards to see if he has been dealt a natural Blackjack. If the Dealer DOES have BJ then you win your BJ Insurance bet but lose your own original bet. Unless it is a Blackjack variation game where you push or even win if both you and the Dealer have been dealt a natural Blackjack.
Dealer Blackjack Insurance bets are normally paid out at 2:1 and as the BJ Insurance bet is half ( 50%) your original bet you would win a total amount equal to your original bet. The Dealer will normally win your original bet so you finish up evens. It is a non profit play if the Dealer does have a Blackjack but you do not lose any money.
If the Dealer does not have a BJ then you lose the Insurance bet and carry on with the hand but you know that the Dealer now does NOT have 21 or 20 for the moment.
How do you make a Blackjack Insurance bet when playing Online?
When playing Online Casino Blackjack and the Dealer has an Ace showing the software will offer you the option to accept the Dealers offer of Insurance. If you click OK or YES the Dealer automatically works out and takes an amount from your Bank Roll equal to half your original bet on this hand and places it on the table as your Blackjack Insurance Bet.
What happens if you are playing one of our multihanded Blackjack tables and have multiple spots or hands playing? The Online Casino software will give you an option on the first hand to accept or decline Blackjack Insurance for all the hands. If you decline then you will go through each hand deciding if you want Dealers BJ Insurance. Once you have decided the Dealer checks to see if they a Blackjack and if they do then those hands that you accepted the Dealers Blackjack Insurance Bet on will be paid out. Those hands that do not have BJ Insurance will lose.
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