Online Casinos Offer Blackjack Insurance

August 7, 2007

Have you ever been playing at an online casino and noticed that when you play certain games such as blackjack that the casino offers you insurance? You may not understand why this would be an option, or you may not know why the online casino would be offering you it – either way, let’s take a look at it.

Firstly, it is important to remember that whether you are playing at a B&M casino or an online casino, the goal of the casino is to get your money. So, they are not going to promote any kind of bet that might be favorable to you over the house – they are in the business of making money, not losing it. So anytime they offer you something that seems like it would be good for you – take another look at it.

When you sit down to play Blackjack, firstly the rules and the options of doubling and splitting are very rarely offered up front from the online casino. This is because it is beneficial to the player to know these things, and hence bad for the online casino. So when they offer you insurance, do you think the online casino is acting in their best interest or yours?

Anytime that the dealer has an Ace as his card that is showing, you will be asked if you want the insurance after the deal. You can bet up to half of your original wager to win 2:1 if the dealer comes up with blackjack. This means that you are gambling on whether or not the dealer gets a ten and makes blackjack. On average, the insurance wager wins almost 31% of the time, which means you are losing more money 69% of the time. So keep this in mind, and know that it is never a good idea to take the insurance at the online casino, because over the long run, you will lose more than you win.

 

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