Blackjack when to take insurance
Jun 25, · Hang around gamblers long enough and you quickly learn that insurance is by far the most controversial subject in blackjack. If the dealer has blackjack, you win the insurance bet, usually at 2 to. How Insurance Bets Work. 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. A push means that you tie the hand and receive no money for you blackjack. When you take insurance in this scenario, you will push on the blackjack but you will collect on your insurance bet. If the dealer does not have a blackjack you will lose the insurance bet but collect on your blackjack. Some players always insure their own blackjack.
Blackjack insurance: Odds say it's almost always a bad bet
Gaming Gurus. You are essentially winning your initial bet back when the dealer has Blackjack, for a net of 0 dollars on the hand and the insurance bet. You lose your initial stake but win the insurance bet. The chance of a 10 in the hole is then above normal. Out of all the figures throughout blackjack history, nobody is more famous than Edward O.
Insurance in Blackjack
When you play blackjack, insurance is offered whenever the dealer is showing an Ace. The idea of insurance is that you are betting that the dealer has Blackjack. If you want insurance, you place half the size of your bet in the insurance spot on the table. If the dealer does have Blackjack, you receive on your insurance bet. You are essentially winning your initial bet back when the dealer has Blackjack, for a net of 0 dollars on the hand and the insurance bet.
If the dealer does not have Blackjack, you lose your insurance bet and continue on with the hand. Pictured below you can see a situation where the dealer would ask everyone at the table if they would like insurance. The up-card for the dealer is an ace. At a casino, typically the dealer will say "Insurance Open", wait a few seconds, and then say "Insurance Closed".
In between these two statements is the time you would set half your bet size in the insurance area. Below is an example of being asked at an online casino if you want insurance:. Most times that you will see insurance utilized is when a player has Blackjack. Often the player will say "I'll take even money" which means they are forfeiting the blackjack bonus to ensure they win their initial bet.
They are essentially putting up the insurance, and if the dealer has Blackjack they push on their blackjack and win on the insurance. If the dealer doesn't have blackjack, the player loses the insurance bet but gets it back when getting paid on their own Blackjack. Sometimes you will also see someone with a 20 place money on insurance to "protect" their hand from the Blackjack.
A question I get asked quite frequently by casino players is whether they should take insurance in blackjack.
It seems to be something that confuses a lot of people, even among those that fully understand basic strategy and the role that math has to play in blackjack. He was absolutely convinced that the insurance bet is always the right way to go. My initial reaction was to wonder why he asked me the question in the first place, as he was so sure he knew the correct answer himself.
My second reaction was to think that I should write a blog post about taking insurance in blackjack. So here it is! You must choose whether or not you want to place it before deciding how to play your hand.
The rules for how much you can stake on the insurance bet will vary at different casinos. At some places you can stake any amount up to half of your initial stake for the hand, while at others you must stake exactly half you initial stake for the hand. If it is any other card you will lose the bet. It pays out at odds of As you can see, you only lose money in two out of the six possible scenarios when placing an insurance bet.
This might lead you to think that the bet is therefore a good one, but in fact the opposite is true. As such, there are basically only two possible outcomes to consider; you either win the insurance bet or you lose it. To win you need the dealer to have a blackjack, which means his second card must be either a ten or a picture card. The first applies if you are counting cards and believe the remaining deck is heavy on tens.
Crazy Eights is a game for two or more players, in which the object is to get rid of the cards in your hand onto a discard pile by matching the number or suit of the previous discard. There is a huge number of variations of this game, and many alternative names. Some British players call it Black Jack , which is unfortunate as it can lead to confusion with the well-known American banking card game Blackjack. The basic game of Crazy Eights uses a standard 52 card pack, or two such packs shuffled together if there are a lot of players.
The dealer deals singly five cards to each player seven each if there are only two players. The remainder of the pack is stacked face down on the table as a stock from which cards will be drawn.
The top card of the stock is turned face up and placed beside the stock to start the discard pile. Starting with the player to dealer's left, and continuing clockwise, each player in turn must either play a legal card face up on top of the discard pile, or draw a card from the undealt stock.
The following plays are legal. If an Eight is turned up by the dealer as the first card of the play pile, it is treated as though the dealer had played it. The dealer looks at his or her hand and nominates a suit, and the first player must play a card of that suit or another Eight. A player who has only one card left in their hand must alert the other players by saying "last card". A player who fails to do this before the next player takes their turn must draw two cards from the top of the stock as a penalty.
The first player who gets rid of all their cards wins, and the other players score penalty points according to the cards they have left in their hands - 50 for an eight, 10 for a picture, and spot cards at face value one point for an ace, two for a two and so on. If the stock pile is exhausted, the played cards, except for the last card, are shuffled and stacked face down to make a new stock and the game continues. Apart from the Eights, usually there are other cards that have special effects when played.