Blackjack – Insurance May Be A Poor Bet
Online Casino Guides: Blackjack Betting Tips
By reading our online blackjack casino reviews and online casino guides on blackjack betting tips, you are that much closer to ending up in the black.
Our online casino guides are intended to provide you with information that’ll leave you having a better online casino experience. This guide specifically is about blackjack betting techniques, and even more specifically about something in blackjack called insurance.
Insurance is something a player may invest in if the dealer is showing an ace as one of his initial dealt cards. Insurance is a bet you place that says, “hey, if the dealer has a 10 or face card accompanying that ace I can see, then I’m going to get twice the amount I put down here.” On the surface, it seems like a bright idea. After a tiny amount of math, though, you’ll find it is a really clever way to get ripped off – assuming you’re not counting cards.
Insurance is not a viable investment because when you look at the distribution of the deck, only 4 out of 13 of them will be either a 10, Jack, Queen, or King. This means that 9 out of 13 times, the dealer is not going to have blackjack, and subsequently, 9 out of 13 times, you’re going to be losing that bet. Intuitively, if you see the dealer showing an ace, you’re going to be a bit worried. But it is precisely at these times that you need to remember online casino guides like this, keep your cool, and realize that probability is on your side. The only exception here, again, is if you’re counting cards, and you know pretty well that the dealer is going to get one of those 10 value cards. Another exception is when you’re playing with many people, and all of them, including you, aren’t showing any 10 value cards.
Generally speaking though, investing in insurance is not going to be a reliable bet.
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