What does insurance mean in blackjack?

Chat or rant, adult content, spam, insulting other members, show more. More sophisticated slot machines use five reels and these come in many different themes. Because card-counters are able to keep track, they can identify when the conditions are perfect to make a profitable insurance bet. Careful accounting of the exposed cards allows a player to make inferences about the cards which remain to be dealt. One downside of this rule however is that a Player Blackjack only pays Even Money!

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Harm to minors, violence or threats, harassment or privacy invasion, impersonation or misrepresentation, fraud or phishing, show more. What does insurance mean in blackjack? Are you sure you want to delete this answer? Insurance is basically a bet that states you think the Dealer has blackjack. It is usually a bad idea to take insurance unless you count cards and are sure the Dealer has blackjack. After all, if Insurance wins, you lost out on your initial bet.

If Insurance loses, you lost out on your Insurance bet and maybe more if you lose on your hand. Surrender is when you literally just give up and take back half your bet. Only some places allow it, and it varies when you are allowed to surrender. All of the above answerers have given you good advice. Think about it this way. If the dealer has an Ace, and you are NOT counting cards, how many cards out of 13 will give him a blackjack?

Only 4 right, because there are only 10, Jack, Queen, and King cards. When they dealer's up card is an ace, he will offer the players insurance. The players then have the option to bet up to half their original bet. If it wins, it pays 2 to 1, so the player ends up breaking even on the play.

Insurance should not ever be taken unless you are counting cards, at which point it can actually become statistically one of the best play adjustments you can make. Surrender is only offered in some casinos, and is an option for the player to give up half his bet after being dealt his first two cards. Surrendering can actually be the correct play without counting cards.

It is one of those fascinating Blackjack variants which offer players quite a wide array of offers once they get dealt a given hands combinations. These kinds of payouts usually do not require any additional side bet. The ultimate goal in blackjack is making the best decision on your hand so as to get your 21 or get closer to 21 than the dealer.

To do this, decisions must be made on every card. The questions here as a player are whether to hit, stand, double down, split, when to take insurance and when to surrender. Using the chart below, you are one step to becoming a major pro on getting that For a player to be able to beat the dealer and the house edge, he or she must master the art of counting cards. It is not a complicated activity but it needs a lot of keenness and accuracy.

Blackjack counting is based on basic strategy since it determines how every card is played. This is the oldest form of blackjack and is often referred to as traditional blackjack. The major difference between classic blackjack and other variants is the type of house edge it offers and the fact that you only play with a single deck with the exceptions of a few casinos that offer more options.

The odds involved in blackjack are whether a player will bust or win his bet. You need to first understand, what hands favor a dealer or the house, a phenomenon known as house edge. This amount is calculated by multiplying the total bets by the amount the casino keeps. The number of people who play Blackjack especially in America is larger than that of Russian roulette and baccarat combined. The notion that Blackjack is a difficult game to play has with time been dealt away with.

Two entirely different blackjack variants are known as Pontoon and this can be confusing for players. The other, following the initial rise of its popularity being in England, derives it names from being a British version of the common Blackjack card game. John Ferguson, who is better known by his pen name Stanford Wong, has become legendary throughout the blackjack world for writing some game-changing blackjack books.

This being said, Stanford Wong is definitely a man worth looking at a little closer. Blackjack card counting is the stuff of legend because skilled players have used this practice to make thousands or even millions of dollars. Blackjack betting systems are quite common since people use them in an effort to win more money with the game. One driving force behind the popularity of online blackjack is that many sites are generous with bonuses.

In fact, some players are able to beat the house edge when they combine skilled play with blackjack bonuses. Bill Kaplan and J. Massar formed the basis for what would become the most famous card counting team in history — the MIT Blackjack Team. Interestingly enough, the two Americans met at a Chinese restaurant in Cambridge, Massachusetts of all places. One of the lesser known skills among blackjack players involves recognizing dealer tells and exploiting them.

Erica Shoenberg certainly does not meet this stereotypical view of a blackjack player. But is Schoenberg really a blackjack legend, or just some model who happens to play a little blackjack on the side? Rather than pitting players against the house, blackjack tournaments start players off with equal chip amounts, and pay out prizes to the top chip earners. One of the simpler blackjack betting systems in the game is the Paroli system.

Although not widely used, those who do employ the Paroli system swear by its potential to earn big profits at the blackjack tables. Even those who barely know anything about blackjack strategy are familiar with the fact that skilled players stand a much better chance to win in the game.

In fact, you can lower the blackjack house edge down to 0. With this being said, here is a look at some of the things you need to keep in mind with blackjack strategy. These days, it seems like regular online blackjack is being replaced in popularity by live dealer casino blackjack. With live dealer blackjack games, you have beautiful women dealing you the cards, and you get to interact with other players too. In their pursuit of learning perfect blackjack strategy, some players often neglect to cover bankroll management.

But just like with any other casino game, blackjack bankroll management is extremely important, and something that players should definitely study extensively.

Two blackjack legends whose legacies are tied together are Ken Uston and Al Francesco. Number cards count as their natural value; the jack, queen, and king also known as "face cards" or "pictures" count as 10; aces are valued as either 1 or 11 according to the player's choice.

If the hand value exceeds 21 points, it busts, and all bets on it are immediately forfeit. After all boxes have finished playing, the dealer's hand is resolved by drawing cards until the hand busts or achieves a value of 17 or higher a dealer total of 17 including an ace, or "soft 17", must be drawn to in some games and must stand in others.

The dealer never doubles, splits, or surrenders. If the dealer busts, all remaining player hands win. If the dealer does not bust, each remaining bet wins if its hand is higher than the dealer's, and loses if it is lower.

If a player receives 21 on the 1st and 2nd card it is considered a "natural" or "blackjack" and the player is paid out immediately unless dealer also has a natural, in which case the hand ties. In the case of a tied score, known as "push" or "standoff", bets are normally returned without adjustment; however, a blackjack beats any hand that is not a blackjack, even one with a value of Wins are paid out at 1: Many casinos today pay blackjacks at less than 3: Blackjack games almost always provide a side bet called insurance, which may be played when dealer's upcard is an ace.

Additional side bets, such as "Dealer Match" which pays when the player's cards match the dealer's up card, are sometimes available. After receiving an initial two cards, the player has up to four standard options: Each option has a corresponding hand signal. Some games give the player a fifth option, "surrender". Hand signals are used to assist the " eye in the sky ", a person or video camera located above the table and sometimes concealed behind one-way glass. The eye in the sky usually makes a video recording of the table, which helps in resolving disputes and identifying dealer mistakes, and is also used to protect the casino against dealers who steal chips or players who cheat.

The recording can further be used to identify advantage players whose activities, while legal, make them undesirable customers. In the event of a disagreement between a player's hand signals and their words, the hand signal takes precedence.

Each hand may normally "hit" as many times as desired so long as the total is not above hard On reaching 21 including soft 21 , the hand is normally required to stand; busting is an irrevocable loss and the players' wagers are immediately forfeited to the house. After a bust or a stand, play proceeds to the next hand clockwise around the table. When the last hand has finished being played, the dealer reveals the hole card, and stands or draws further cards according to the rules of the game for dealer drawing.

When the outcome of the dealer's hand is established, any hands with bets remaining on the table are resolved usually in counterclockwise order: If the dealer's upcard is an ace, the player is offered the option of taking "insurance" before the dealer checks the hole card. Insurance is a side bet that the dealer has blackjack and is treated independently of the main wager.

The idea is that the dealer's second card has a fairly high probability nearly one-third to be ten-valued, giving the dealer blackjack and disappointment for the player.

It is attractive although not necessarily wise for the player to insure against the possibility of a dealer blackjack by making a maximum "insurance" bet, in which case the "insurance proceeds" will make up for the concomitant loss on the original bet. The player may add up to half the value of their original bet to the insurance and these extra chips are placed on a portion of the table usually marked "Insurance pays 2 to 1".

Players with a blackjack may also take insurance, and in taking maximum insurance they commit themselves to winning an amount exactly equal to their main wager, regardless of the dealer's outcome.

Fully insuring a blackjack against blackjack is thus referred to as "taking even money", and paid out immediately, before the dealer's hand is resolved; the players do not need to place more chips for the insurance wager. Insurance bets are expected to lose money in the long run, because the dealer is likely to have blackjack less than one-third of the time.

However the insurance outcome is strongly anti-correlated with that of the main wager, and if the player's priority is to reduce variation , they might choose to pay for this. Furthermore, the insurance bet is susceptible to advantage play. It is advantageous to make an insurance bet whenever the hole card has more than a chance of one in three of being a ten. Advantage play techniques can sometimes identify such situations. In a multi-hand, face-up, single deck game, it is possible to establish whether insurance is a good bet simply by observing the other cards on the table after the deal; even if there are just 2 player hands exposed, and neither of their two initial cards is a ten, then 16 in 47 of the remaining cards are tens, which is larger than 1 in 3, so insurance is a good bet.

This is an elementary example of the family of advantage play techniques known as card counting. Bets to insure against blackjack are slightly less likely to be advantageous than insurance bets in general, since the ten in the player's blackjack makes it less likely that the dealer has blackjack too.

The rules of casino blackjack are generally determined by law or regulation, which establishes certain rule variations allowed at the discretion of the casino. The rules of any particular game are generally posted on or near the table, failing which there is an expectation that casino staff will provide them on request.

Over variations of blackjack have been documented. As with all casino games, blackjack incorporates a "house edge", a statistical advantage for the casino that is built into the game. The advantage of the dealer's position in blackjack relative to the player comes from the fact that if the player busts, the player loses, regardless of whether the dealer subsequently busts.

The loss rate of players who deviate from basic strategy through ignorance is generally expected to be greater. Surrender, for those games that allow it, is usually not permitted against a dealer blackjack; if the dealer's first card is an ace or ten, the hole card is checked to make sure there is no blackjack before surrender is offered.

This rule protocol is consequently known as "late" surrender. The alternative, "early" surrender, gives player the option to surrender before the dealer checks for blackjack, or in a no-hole-card game. Early surrender is much more favorable to the player than late surrender. Most medium-strength hands should be surrendered against a dealer Ace if the hole card has not been checked.

For late surrender, however, while it is tempting to opt for surrender on any hand which will probably lose, the correct strategy is to only surrender on the very worst hands, because having even a one in four chance of winning the full bet is better than losing half the bet and pushing the other half, as entailed by surrendering.

With no hole card, it is almost never correct basic strategy to double or split against a dealer ten or ace, since a dealer blackjack will result in the loss of the split and double bets; the only exception is with a pair of A's against a dealer 10, where it is still correct to split.

In all other cases, a stand, hit or surrender is called for. For instance, holding 11 against a dealer 10, the correct strategy is to double in a hole card game where the player knows the dealer's second card is not an ace , but to hit in a no hole card game.

The no hole card rule adds approximately 0. The "original bets only" rule variation appearing in certain no hole card games states that if the player's hand loses to a dealer blackjack, only the mandatory initial bet "original" is forfeited, and all optional bets, meaning doubles and splits, are pushed.

Each blackjack game has a basic strategy , which is playing a hand of any total value against any dealer's up-card, which loses the least money to the house in the long term. An example of basic strategy is shown in the table below, and includes the following parameters: The bulk of basic strategy is common to all blackjack games, with most rule variations calling for changes in only a few situations.

For example, if the above game used the hit on soft 17 rule, common in Las Vegas Strip casinos, only 6 cells of the table would need to be changed: A, surrender 15 or 17 vs. A, double on A,7 vs. Also when playing basic strategy never take insurance or "even money. Estimates of the house edge for blackjack games quoted by casinos and gaming regulators are generally based on the assumption that the players follow basic strategy and do not systematically change their bet size.

Most blackjack games have a house edge of between 0. Casino promotions such as complimentary matchplay vouchers or 2: Basic strategy is based upon a player's point total and the dealer's visible card. Players may be able to improve on this decision by considering the precise composition of their hand, not just the point total. For example, players should ordinarily stand when holding 12 against a dealer 4.

However, in a single deck game, players should hit if their 12 consists of a 10 and a 2. The presence of a 10 in the player's hand has two consequences:

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