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Blackjack Insurance Strategy

Blackjack is an extremely popular game that is enjoyed by one and all. It is played by thousands of players in the online casinos. Seeing its immense popularity, many software development companies have come out with different variants of blackjack. The variants of blackjacks have different rules as compared to the rules of traditional blackjack. Blackjack insurance strategy is one such move that is available in a number of variants of blackjack. Let us see how blackjack insurance strategy works. Go and discover the Bullets and Faces Video Poker game at casinojeux.com platform! Discover much more about the game offer found at the jeux de casino page!

If the dealer's up card is an ace, then the player has the option of using the blackjack insurance strategy. If the player uses this option, then he has to place half of his bet amount in an area that is marked as insurance. If the dealer has a ten and he gets a blackjack, then the player will get a payout of 2 to 1 on his blackjack insurance strategy bet. He however, loses his original bet. If the dealer does not have a blackjack, the player will lose his blackjack insurance strategy bet money and the game continues on.

Most of the blackjack strategy guide say that blackjack insurance strategy is a lose-lose situation for a player. Hence they should avoid this blackjack insurance strategy. Let me give you concrete reasons why blackjack insurance strategy is bad. In a 52 card deck, three cards are dealt out and we are assuming that the player does not have a ten. This means that there are 16 cards of the value ten in the deck. The probability of the dealer getting the ten is 0.327. Hence the payout expected on winning, assuming that the insurance bet is of one dollar, would be $0.654. There are 33 cards in the deck that will surely not be a ten. So the probability of a ten not coming is 0.673. since the probability if a ten not coming is so high, it is better not to use the blackjack insurance strategy in the long run.