Insurance Meaning – A Popular Type of Blackjack Bet Available in Most Variations
Insurance is a type of side bet, most commonly associated with blackjack. Simply put, this is a betting option the players can utilize to hedge their bet or minimize their losses, as insurance minimizes the overall risk.
Focusing on blackjack, the insurance bet is available when the dealer shows a face-up Ace card.
If it turns out that the dealer has a natural blackjack, you will lose your main bet but win the insurance bet. As the insurance bet pays 2:1, you’ve minimized the damage you would have otherwise had if you just placed your main bet and lost it.