Blackjack Tips Information & Video Source:
In this video blackjack expert Henry Tamburin explains why a basic strategy player should never make an insurance bet. He gives details on three different situations that a player may encounter and why he considers blackjack insurance to be always be a sucker bet.
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I would have liked to have seen some discussion of the "even money" insurance bet when you've got a blackjack of your own.
What if you were playing multiple hands or with other players at the table? Couldn't that make the insurance bet advantageous if there were many non-tens on the table, even with out card counting?
BTW, it is WORSE to insure a Blackjack than a bad hand by at least an additional 1% or so.
If you are playing at Bovada you better buy the insurance because those cocksuckers will get 5 blackjacks for everyone 1 that you get.
If the dealer doesn't have blackjack do i lose the insurance?
its a sucker bet
What if the count is really high
Players lose a lot more money playing the side bets like the royal match than from insurance.
I tell people: there are 4 ways to win and 9 ways to lose. If the bet was breakeven, there'd be 8 ways to lose. That extra way to lose is what makes the casino money on insurance. Regardless, most insurance takers are irrational, superstitious fools who let their emotions cloud their judgment about the math.
But if I for example have a 20 and the dealers card shows an ace, why shouldn't I take the insurance bet? If I would have bet 10$ + Insurance 5$ and I would lose insurance but win my main hand I would make 5$ profit instead of 10$. It is still profit. If the dealer shows a blackjack and I don't take the insurance bet I would lose 10$.
So why should I still not take the insurance bet?