What are Insurance Bets?
As anyone with blackjack experience will tell you, the goal is for the sum of your cards to get as close to 21 without going over. If you get exactly 21, then you win a Blackjack! This is usually paid a 3:2 prize when won. Some tables may offer 6:5 instead, but we advise skipping out on those.
Now, this is what happens when a player wins blackjack. What about when the dealer has it? You’d think it’d be an instant win for the casino. But the operator gives you a chance to win back some of your losses. All you have to do is accept their Insurance bet!
The insurance bet appears when the dealer has an ace as their face-up card. When this happens, you’ll be given an option to bet half of your existing wager to mitigate the loss. Let’s use an example to make it clearer. Let’s say you’ve played ₹300 on a round, and the dealer draws an ace. You’d then bet ₹150 extra to get the insurance bet! You’d lose your main hand, but insurance will pay 2:1, or ₹300 in our example.
What is insurance option in online Blackjack and is it good for you?
What happens if the dealer doesn’t have blackjack, however? Well, in that case, your insurance bet is lost! Insurance is betting that the dealer’s two cards give them a Blackjack win. If the dealer doesn’t have Blackjack, then you lose the insurance bet.