What does insurance mean in blackjack. Whether you win or lose the side bet depends solely on the dealer’s hole card, while your hand wins or loses regardless of whether or not you take the insurance bet. What does insurance mean in blackjack

 
 Whether you win or lose the side bet depends solely on the dealer’s hole card, while your hand wins or loses regardless of whether or not you take the insurance betWhat does insurance mean in blackjack  Many players are unaware of the concept of blackjack insurance casinoLet´s take a closer look at insurance in Blackjack

2:1 is a better payout. Being insured means purchasing an insurance policy to protect against specified risks. The mission of the National Salute to America’s Heroes is to bring back the true meaning and spirit of memorial day weekend and pay tribute to all those who have paid the ultimate sacrifice on behalf of our freedom. That means that the insurance bet odds would have to be closer to 3:1 to be worth it. Insurance is the third type of side bet, but one you can only elect to play if the dealer’s face-up card is an ace. In other words, if the dealer has a blackjack, the player. Whenever someone is playing blackjack games with or without various surrender options and unique rule tweaks, and that player says monkey, he is asking for a face card. • Always learn basic strategy. The game of Blackjack becomes more interesting thanks to the exciting and thrilling option of Blackjack side bets or simply called, side bets. there is a one-third probability the second card of the dealer to be a 10. Blackjack even money bet of $1: EV of $1. The 2 to 1 payout means that the chance of a dealer blackjack needs to be at least 33. Blackjack Insurance - What Does Insurance Mean in Blackjack?Hit, Stand, Split, Double Down, Surrender & Insurance. When playing blackjack, it is important to understand the concept of insurance. A push is essentially a tie and when it happens neither the bank nor the players wins. However, one side bet stands out as the most popular, and it’s called a. The Soft 17 rule explained. Three Card Poker. What Does Insurance In Blackjack Mean. It is essentially a wager on whether or not the dealer has a natural blackjack (a hand value of 21 with only two cards). When you make your withdrawal, the original bonus. If the dealer does indeed have a natural blackjack, then players who made the insurance bet will be paid out at odds of 2:1. It’s a way to get more money in play when you think your hand is strong. Playing as the dealer in blackjack is similar to how you would play regularly, but with a few added responsibilities, like handing out cards and chips. In other words, insurance doubles your bet if you are right. Whenever a dealer shows a 10, the first thing he will do after dealing the cards is check his hand for a blackjack. Anyway, the confirmation bet is maybe of the most prominent and clear side bet that anyone could hope to find. A player can surrender a round of Blackjack after each player’s opening two cards and the dealer’s face up card have been dealt. insurance noun. The bet is equal to half your initial wager. Even money is when a player gets 1:1 payout on their original bet if the dealer has a blackjack. This is the amount you must playthrough to complete the bonus, in blackjack what does insurance mean. When it comes to blackjack, insurance is a type of side bet that allows players to protect themselves against the dealer having a natural blackjack. Blackjack insurance side bet. So, what is insurance in blackjack? Technically speaking, it’s a type of bet that ensures you’ll get your money back in a specific situation — when the dealer has the. ; Bet Amount: The maximum bet for insurance is typically set at half the player’s original wager. Only Insurance bets are placed after cards are dealt to the players and the dealer. Under no circumstances should you split on a pair of 10s. It is also a safer strategy than the Martingale and Paroli systems as it requires less. Dealer then checked the hole card and confirmed a blackjack. What is blackjack insurance? - blackjack insurance payouts. Insurance Side Bet. When we look at Online Blackjack, this is slightly different as casinos offer different variations, so this naturally means different RTPs. When you are buying insurance you placing a bet that the dealer has an face card in the hole, giving the dealer a Blackjack. • Avoid betting irregularly high when you’re on a ‘streak’. It is essentially a form of protection against the possibility that the dealer has a blackjack, which is a hand with a total value of 21. What Does Insurance Mean In Blackjack. insurance will become an option when the dealers’. They either do not understand what the bet is about or worse, they always place insurance bets when offered by the dealer. The approximate standard deviation (SD) figures for the play-all style approach with ordinary bet spreads are as follows: 1. When the dealer's face-up card is an ace, any of the players may make a side bet of up to half the original bet that the dealer's face-down card is a ten-card, and thus a blackjack for the house. Cons: Insurance is generally considered a sucker bet due to its negative expected value. Mathematically, requesting "even money" on a natural on a table that pays 3:2 for a natural is the same as an insurance bet since the 50% bonus is being used to buy the insurance. The difference is that even money is a bet that the dealer will draw to an ace, while insurance is a bet that the player will draw to a certain card. Exclusive Grand Prive Bonus Codes, Poker Gra Po Polsku Online, Poker Mtt Quiz, Blackjack Boats Apparel, How To Read The Flop In Texas Holdem, What Does Insurance Mean In Blackjack, Nj. When you make an insurance bet you are assuming that the dealer has blackjack and you are using your original wager to assert a bet. What Does Insurance Mean in Blackjack? In blackjack, insurance is a side bet which is separate to your original stake. N natural A two card. Professional blackjack player. 22%. Check the Blackjack Rules. Players who want to make an insurance bet will place a $5 chip on the insurance line. Wednesday, May 24, 2023. Those operated by real-life dealers are no exception. Assuming the dealer does have a blackjack, you win 2-1 on your insurance wager. This side bet is offered to players when the dealer’s up card is an ace, and the player/players in. Although usually heavily restricted, no deposit bonuses are used by some online casinos to let new players try out real money games without making a deposit. Release date -. 12 vs 3: +1. Donate Option 1 Donate Option 2. To take it, you must put up half your wager. When it comes to Aces, its value can be 1 or 11 depending on the combination the card is completing. You buy insurance just in case you get in a car accident with an uninsured driver, just in case you die and just in case you break your arm after falling off your ladder while hanging Christmas lights. if the dealer does not get blackjack, your main bet will win at 3 to 2, but by taking the insurance. Blackjack insurance odds pay out at 2/1 and the. If you take a look at the odds, the insurance bet is only increasing the house edge, provided you’re sticking to a suitable blackjack strategy chart. Blackjack even money bet of $1: EV of $1. in blackjack, the house. If the dealer does not have blackjack, insurance bets are cleared before play continues. Therefore, in the above example, the $5 insurance bet would win $10. An insurance bet is usually half your original wager and pays 2 to 1. If you have sevens, you can split a pair, as above, and double down if you want to. Three Card Poker. 053. Each of the first 2 cards dealt to the player is. 3D slots are the same, except they use 3D animation and graphics whereas video slots use 2D. The mathematics of blackjack. Push - the hand is a draw. Playtech’s gaming software carries an official Certificate of RNG Evaluation from Gaming. However if the dealer does not have a blackjack, the player will be paid 3 to 2 on the original bet and lose the even money bet. players go for it on the chance that the dealer’s hidden card may. This bet is called insurance because it’s meant to protect players against the possibility that the dealer has a natural blackjack (a hand with an Ace and a 10-value card). In a case when you have a total hand of 9, double down when the dealer has a card between 2 and 6. It is a side bet that the player can get if the dealer’s up-card turns out to be an Ace. If you go over 21, then you automatically lose, or bust. In 6:5 you get paid $6 for every $5 you bet, which is 1. Win - the player wins as much as he bet. The dealer will ask all players as to whether they would like to. For online blackjack click 'bet', or 're-bet' if you want to duplicate your last wager. time:2023-10-14 10:49:23. - Blackjack insurance - always a bad bet. It’s a game of strategy and skill, and if you’re planning on playing it, you need to know what insurance means. Players must place a blackjack bet in order to play the lucky lucky side bet. 81 (915 vote) Summary: · Insurance is a type of side bet that you can make in blackjack. In the realm of Blackjack, especially in various blackjack hands, the term ‘insurance’ has a unique context. With a blackjack will be offered the option to take even money (1-to-1). The odds of winning at blackjack can be as high as 42. Offered only when the dealer's upcard is an ace, it acts as a safety net against an opposing blackjack. Insurance gives you a chance to protect yourself against a dealer’s blackjack and it makes just as much sense to insure on 17 as it does when you have a hand totaling 20. The 10, Jack, Queen, and King are all valued at 10. Blackjack what does insurance mean Reinsurance occurs when multiple insurance companies share risk by purchasing insurance policies from other insurers to limit their own total loss in case of disaster. Blackjack surrender is a strategy which allows you to surrender your hand before it is over and only suffer a 50% wager loss. and with so. Blackjack games usually offer a side bet called insurance, which may be placed when the dealer's face-up card is an ace. Colin is the founder of Blackjack Apprenticeship. It’s a form of insurance, which is really a bet that the. The second thing that you need to understand is the odds of the dealer having blackjack when they show an Ace as their upcard. A Push in the game of blackjack means that a player and dealer have the same value in their hand. It is crucial to understand what insurance in blackjack is, how it works, and when it should be used. Insurance is one of the most misunderstood side bets on the entire casino. 5:1 odds. The main component of the National Salute to America’s Heroes℠ presented by Hyundai is our world-class Hyundai Air & Sea Show®. By following this blackjack strategy you will be playing in an optimum fashion. Playing side bets are often a bad decision in blackjack, including taking insurance. However, if the dealer does not have a blackjack, then the player will simply lose. And now, look at those same indexes shown in the traditional way (this is the same table shown earlier): 12 vs 2: +3. If the dealer does not have blackjack, the player loses the wager. What Does RTP Mean When Playing Slots Online?. always learn basic strategy. The second thing that you need to understand is the odds of the dealer having blackjack when they show an Ace as their upcard. avoid betting irregularly high when you’re on a ‘streak’. Play begins with the player to the dealer's left. Blackjack insurance is a payment to reduce losses on the card game, and it is a type of side bet that a player can make in a blackjack game. What do insurance mean in blackjack Essentially, blackjack insurance allows the player the option to lessen their wager after the dealer exposes their cards. A blackjack insurance bet is a side wager that becomes available when the dealer’s face-up card is an Ace. The early surrender rule is more uncommon because it improves the return to the player by 0. At the start of a Blackjack game, the players and the dealer receive two cards each. Lastly, if you want to know what blackjack insurance bets mean, the answer is that it has nothing to do with protecting a good hand or making up for a bad starting hand. Should Casinos Be Legal: The question of whether casinos should be legal is a complex and debated topic that encompasses various social, economic, and ethical considerations. Even money insurance is an option for blackjack players that pays out at two to one if the dealer has a blackjack. All Posts; Categories. discover the best slot machine games, types, jackpots,. The odds for blackjack insurance bets stand at 2/1. In multi-card games, it’s generally advised to split a pair of 7s when the dealer has cards 2–7. Written directly on the table alongside blackjack and insurance payouts, it should say something along the lines of — “dealer must hit soft 17” (H17 game) or “dealer stands on 17 and must draw to 16” (S17 game). What Does It Mean To Insure In Blackjack – Insurance, also known as a side bet, is a widespread feature that is popular with table game fans and especially blackjack players. USA Players. 20%, the casino will on average pay out . ”. For example, if a slot game payout percentage is 98. what, does, insurance, mean. Does the linear nature of insurance mean that the mid-shoe. Meaning of insurance. But surprisingly, many people don’t understand the ins and outs of the move, and how timing plays an important role. Insurance will become an option when the dealers’ showing up-card is an ace; already holding an ace, there’s a good chance that their second card will have a value of 10, which will give them. this means that the player can place. 39% if the dealer shows an ace, and 0. Your hand is a Jack and 9. Blackjack Insurance: What Is It? It is a special side stake, half of the initial stake value, which helps to protect you from losses if the dealer hits. Before the cards are dealt, each player places his bet in a designated area in front of him, usually a square or circle. The side bet is completed when the dealer's second card is revealed. Outcome: If the dealer’s hole card is worth 10 points (10, Jack, Queen, King), resulting in. This side bet pays out at a rate of 2:! but the wager you can place is limited to half of. That means you win $300 for every $200 bet at 3:2, or $200 for every $100 bet at 2:1. They will then check whether your cards make any of the 3-card poker hands. A player can surrender a round of Blackjack after each player’s opening two cards and the dealer’s face up card have been dealt. 48% of blackjack games end in a push, leaving the probability of a loss at 49. Blackjack insurance odds pay out at 2/1 and the. Knowing when to split in blackjack sometimes depends on the number of decks used. Blackjack insurance pays 2:1, but you must stake half of your original bet. Blackjack is a gambling game where you try to get a hand totaling closer to 21 than the dealer. If the dealer has a blackjack, the insurance bet pays out at 2:1. 5%, depending on the specific rules. We In Blackjack What Does Insurance Mean get enjoyment in finding the best deals for our readers and listing them in our guide. When a player surrenders his hand, the house will collect 50% of your bet. If the dealer does not have blackjack, the player loses their insurance. Hit 12 vs 4 at -1 or lower. Therefore, your side bet is $10. The worth of insurance bet should be half your blackjack bet. The following blackjack abbreviations and acronyms are used throughout this book and are typical of those used in the literature. Blackjack games usually offer a side bet called insurance,. Surrender is simply an optional rule in blackjack that allows you to give up half your bet after you have seen your first two cards and the dealer up card. Furthermore, the player who triggered the push are returned all their bets for the round including the initial wager, bets spent on doubling down, and chips. the more decks that are used, the more cards there are in the shoe with a value of 10. However, this does not mean the house wins 57. Take insurance and you're assured of a $10 win. An important rule is for insurance to pay 2:1 since this becomes a solid option when the count is high. 12 vs 4: 0. With the blackjack insurance bet, casino clients get a chance to provide a breakeven game and keep their money, when a dealer makes "21". In a normal blackjack game, the dealer will ask each player if they want to take Insurance (or even money) once they have their cards dealt. Insurance is simply a bet that the dealer’s next card is worth 10, and they make Blackjack. Search. CageArea of casino where cashier is based and chip buying and selling takes place. Blackjack insurance is a side bet that is completely separate from an original bet or main wager. Read our guide to find out how it works, the payouts and the odds. On your original two cards, you can double your bet before the dealer gives you another card. These are as follows. Also, blackjack affects multiple cards of a total of 21 and if the player is the one with blackjack, he will receive an additional payout. This bet protects you if the dealer has a “blackjack,” the best possible combination of cards. What does insurance mean in blackjack One of the original blackjack side bets is the insurance wager. How Does Blackjack Insurance Work? The dealer’s top card being an ace enables you to place an insurance wager. Deductibles and coverage limits may also increase the cost of insurance. This bet pays 2:1, but the downside is that you lose your. With payouts, odds, rules, etc. When this occurs, the dealer will ask you if you want “even money. Star Hangar further provides a secure and reliable trading platform to. You take even money if you believe the dealer also has a. Use the blackjack double down on any of the dealer’s card below seven except ACE. Blackjack card values: All cards count their face value in blackjack. Read our guide to find out how it works, the payouts and the odds. There will be wins, losses, and. the player loses the side bet in case. While this example is an extreme one to show when insurance is a good bet, you can also learn something from it. If you’re wondering what does insurance mean in blackjack, you are not alone. If the second card is a king, joker, queen or ten, the dealer makes a blackjack, which means you win the bet. There are a few other terms that describe insurance in blackjack, too. If a player holds an ace valued as 11, the hand is called "soft", meaning that the player cannot go bust by taking an additional card; the value of the ace will become 1 to. On top of that, the presence of the Ace determines the type of a hand in blackjack. In a game of 21, a blackjack by the dealer means an immediate loss for the player. It may seem like a small difference but it makes a huge difference in your expected outcome. This article takes the mystery out of this bet and offers advice on whetherWhat Does Insurance Mean In Blackjack; Uninsured Motorist Stacked Vs Unstacked; Insurance in Blackjack. What Does Insurance Mean in Blackjack? Let's get straight to it - what is insurance in blackjack? Simply put, it's a special side bet you can make when the dealer's up-card is an ace. The insurance bet is a wager that the dealer has a blackjack. Basically it automatically plays blackjack according to basic strategy and makes all the moves that are mathematically correct so you don’t even need to look at the strategy tables, read here and find out here what does insurance mean in Blackjack. Powered by: Casino Technologies. This article tells this testimony and gives advice on whether you should do it or not. Insurance is the act of protecting your hand against the possibility that the dealer has blackjack. Many blackjack variants implement the soft 17 rule, which forces the dealer to either stand or hit on this exact hand total. However, if the dealer does not have a blackjack, the insurance bet is lost, and the game continues as usual. What Does Insurance Mean In Blackjack: Explore the intricacies of blackjack insurance, its probabilities, and strategic implications in this concise overview. In the event that the dealer […] What does insurance mean in blackjack? The word "insurance" is a little misleading for new players. The house odds in blackjack are lower than in other games; with some advanced strategies, you could win big playing this popular card game. If the dealer does have a blackjack, then all wagers (except insurance) will lose, unless the player also has a blackjack, which will result in a push. This is insurance against the dealer, getting a total of 21. This article will explain what does insurance mean in blackjack and why you should avoid it as often as possible. What does Insurance mean in blackjack? If the dealer is showing an Ace, and you believe they have Blackjack, you may place an Insurance side bet. Hit and stand are the most important ones, and each involves the following: Stand — When you stand in blackjack, you’re refusing to take any more cards and holding your total. What does insurance mean in 21? What is insurance in blackjack? Blackjack insurance is a side bet given to a player if the dealer’s card is an ace, as insurance on the dealer’s hand is ‘blackjack’. Here is the strategy when the dealer exposes both cards. Author: qrius. The double-down meaning in blackjack is simple to understand, yet not always so easy to play profitably. One of the most important things to understand about blackjack is the concept of insurance. This FAQ will answer frequently asked buyer questions in regards to Star Citizen Insurances such as LTI and IAE insurance and answers questions that may help you decide whether or not it's worth to pick these. And that's where free casino games come in. If a dealer receives an ace as their first card, players are offered the chance to take the insurance side bet. ReferencesMost blackjack tables will have a 21+3 side bet box where you should add your wager. 053. In the world of blackjack, insurance is an important part of the game. This is common in single-deck blackjack games. Blackjack insurance is a strategy for leveraging side bets when the dealer’s face-up card is an Ace. They are a type of side bet that act as a safety net against the dealer having Blackjack. The insurance is effectively another wager, usually half the value of your initial bet, and it pays out 2:1 if the dealer reveals his second card is a ten or picture card, making blackjack. It is often played in casinos. Insurance . Step 3: You have won your insurance bet as the dealer has blackjack. I update reviews regularly as no deposit bonuses are added. Your task is to get from square 0 to square 19. We In Blackjack What Does Insurance Mean get enjoyment in finding the best deals for our readers and listing them in our guide. When you’re dealt a blackjack 21, it’s customary to pay out 3:2 or 2:1. This side bet pays 2-1 if the dealer has a ten as his up card. A sensible strategy will never guarantee a profit since the casino has a small house edge in blackjack. For example, auto insurance will reimburse an insured driver for the cost of. As betting rules dictate, players must add their wagers to the table before the game starts. Introduction. Let’s say your original wager was $10 and the dealer’s. This means that if you bet $20 on insurance and the dealer does have a blackjack, you will win $40. As players eagerly anticipate the elusive 21, the game offers an amalgamation of chance, strategy, and calculated risks. The dealer has one to eight decks. The short answer is no – in most cases, the insurance bet is not a good option to take. He's taught and entertained over 100,000 subscribers on his YouTube channel NeverSplit10's . You may have seen his team featured in the documentary Holy Rollers: The True Story of Card Counting Christians, and has been covered by New York Times, CNN, and The Colbert Report. Although it appears to be a minor difference, it has a significant effect on the expected outcome for the player. Blackjack is one of the most popular casino games around the world. As you know, the dealer will give each player two cards. In this example, it means that your. Dealer deals 2 cards to the players and two to himself (1 card face up, the other face down). It’s also known as a sucker bet because it costs half of the original wager. Available in most variations of the game, blackjack insurance is a side bet that players can make when the dealer is showing an ace. When you are buying insurance you placing a bet that the dealer has an face card in the hole, giving the dealer a Blackjack. NB: This table assumes four to eight decks in play and that the dealer hits on a soft 17. However, if the dealer does not have a blackjack, you will lose your $20 insurance bet. Você pode jogar jogos de cassino como caça-níqueis, blackjack, roleta, poker e mais. Hit 12 vs 6 at -5 or lower. Note that the dealer does not have the option of splitting or doubling down. A player may decide to surrender if they feel they have a substantially weak initial hand, especially if the dealer has a strong face up card, and they therefore consider themselves to have a poor chance of. Then look on the x-axis, or 'dealer card' to find their upcard value. You should only do this when you feel you cannot win the hand. Regular insurance, on the other hand, is designed to protect people from any type of loss, whether it be financial orIf the dealer does have a ten-value card in their hole card, they will have blackjack and win the main hand. In fact, the insurance wager is one of the types. This Blackjack Card Counting method tells the player what cards are predominantly remaining in the deck, High cards or Low cards. What Does Insurance Mean in Blackjack? Insurance bets are simple to understand but can be tricky to get right. Although the beginners would think that the dealer is the only. If the dealer has. If the dealer doesn’t have a Blackjack: You lose all the chips you put down for the insurance bet. Blackjack insurance odds payout at 2:1 and the maximum bet that the player can place is usually half of the player's primary bet. Blackjack insurance odd pay at 2/1 and the maximum bet allowed is usually half of a major player’s bet. 3% chance that the dealer will have a natural blackjack. After. What does split mean in blackjack, in blackjack what does insurance mean. start. Real money mobile slots support a majority of the online casino market. In this article, we will explore what it means to take insurance in blackjack and how it can affect your gameplay. If the dealer has blackjack, the hand is a push, but the player receives twice the value of the insurance, which is the same as the original bet. By following this blackjack strategy you will be playing in an optimum fashion. Generally, insurance is anything taken out to be a means to mitigate the financial impact of losses. Blackjack. What Does Insurance Mean In Blackjack-What Does Insurance Mean In Blackjack-cassinos online no Brasil permitem jogar com dinheiro de verdade. Free money is always appreciated, but it isn't all that common and many offers are either limited or hidden to normal players. Is blackjack insurance bet a side bet? Insurance is a side bet that protects the player’s hand against the dealer’s blackjack. Insurance is a type of side bet that you can make in blackjack. Three Card Poker. This is a side bet, separate from the main wager, that pays out if the dealer goes on to have a natural blackjack. Both Even Money and Insurance are types of bets in blackjack. You would break even and win 20$ from your insurance bet. Those operated by real-life dealers are no exception. If your hand has less than a 50 percent. Under no circumstances should you split on a pair of 10s. . We want to. Insurance In this instance, if the dealer has blackjack, you will lose your $20 main bet but receive a 2:1 payout on your insurance bet, thereby breaking even. What Does Insurance in Blackjack Mean? Blackjack is a popular card game that has been around for centuries. The value of your hand would be 19 or 9, depending on which total is more favorable to you. 22%. The Joker card in blackjack is a special card that can be used as an ace or to complete a straight, flush, straight flush or royal flush. This bet pays 2:1 when the dealer receives a Blackjack. Furthermore, the player who triggered the push are returned all their bets for the round including the initial wager, bets spent on doubling down, and chips. Offered only when the dealer's upcard is an ace, it acts as a safety net against an opposing blackjack. In early surrender blackjack, you have the option to toss your cards away if the dealer shows an ace or a ten, and before the dealer checks if he has blackjack. As a player, you can do virtually whatever you like with your hand, but the dealer must act according to a simple rule. For a double-deck game with a bet spread of 1-8 units, the SD is 3. The other half will go back into your stack. If the dealer is showing an ace, just take your chances and hope that. )The blackjack insurance bet is a side bet such is offered when the dealer's upcard is an ace. Blackjack insurance is a side bet that can be taken when the dealer’s up-card is an Ace. It has a high house edge and a low payout, and it is not recommended for casual players. When playing blackjack, it is important to understand the concept of insurance and why it is important for players to utilize it. The dealer will resolve insurance wagers at this time. (The suit doesn’t matter. This practice whereby players take an insurance bet is a controversial subject in the blackjack world with many. Tens these count as 21 not blackjack and are paid if won at even money. Etymology: From old form. The house edge increases accordingly. When a player finds themselves on the losing side of a Blackjack hand, the game offers a unique feature called ‘insurance’. If the dealer does in fact have a blackjack, then the player will be paid out at 2-1 odds on their insurance bet. What Does Insurance Mean In Blackjack Winnings B [edit] balanced count Any. The concept of insurance, in regard to gambling, is most commonly associated with the game of blackjack. Starting from their left, the dealer gives one upcard to each player and themselves. You pay a premium up front and if or when the inevitable happens, the insurance. What is insurance blackjack, kangaroo slot machine What is insurance blackjack What is insurance blackjack One of the reasons is that a Bitcoin platform performs transactions faster as there is no thiOnline casinos offer a variety of bonus promotions to help gamblers start with a larger bankroll. Understanding the game of Blackjack is not complete without getting a grasp on one of its optional plays: the insurance bet. What Does Insurance Mean in Blackjack? Let's get straight to it - what is insurance in blackjack? Simply put, it's a special side bet you can make when the dealer's up-card is an ace. Your blackjack insurance cost is half your starting wager, or $5.