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Insurance - Insurance in Blackjack | | Insurance - Insurance in Blackjack: Encyclopedia II - Insurance - Insurance in Blackjack | | In the casino game , insurance is an optional play that requires the player to bet 1/2 of his current bet to the posibilitiy of the house drawing a blackjack (an ace and a ten), if the house does draw a blackjack, all insured players get their bet back, including the insurance, if not, the insurance is lost and the game continues as normal. a player can only buy insurance if the house open card is an ace or a ten-value card (a 1 ...
See also:Insurance, Insurance - Principles of insurance, Insurance - Indemnification, Insurance - How an insurance company makes money, Insurance - Determination of rate structures, Insurance - Gambling analogy, Insurance - History of insurance, Insurance - Types of insurance, Insurance - Types of insurance companies, Insurance - Life insurance and saving, Insurance - Financial viability of insurance companies, Insurance - Controversies, Insurance - Insurance insulates too much, Insurance - Complexity of insurance policy contracts, Insurance - Redlining, Insurance - Health insurance, Insurance - Dental insurance, Insurance - Insurance Patents, Insurance - The insurance industry and rent seeking, Insurance - Insurance in Blackjack, Insurance - Glossary, Insurance - Quote, Insurance - Lists | | | Insurance, Insurance - Complexity of insurance policy contracts, Insurance - Controversies, Insurance - Dental insurance, Insurance - Determination of rate structures, Insurance - Financial viability of insurance companies, Insurance - Gambling analogy, Insurance - Glossary, Insurance - Health insurance, Insurance - History of insurance, Insurance - How an insurance company makes money, Insurance - Indemnification, Insurance - Insurance Patents, Insurance - Insurance in Blackjack, Insurance - Insurance insulates too much, Insurance - Life insurance and saving, Insurance - Lists, Insurance - Principles of insurance, Insurance - Quote, Insurance - Redlining, Insurance - The insurance industry and rent seeking, Insurance - Types of insurance, Insurance - Types of insurance companies, Cindy Ossias, False insurance claims, Financial services (broader industry to which insurance belongs), Intergovernmental Risk Pool, Uberrima fides | | |
| | | Insurance: Encyclopedia II - Insurance - Insurance in Blackjack
Insurance - Insurance in Blackjack
In the casino game , insurance is an optional play that requires the player to bet 1/2 of his current bet to the posibilitiy of the house drawing a blackjack (an ace and a ten), if the house does draw a blackjack, all insured players get their bet back, including the insurance, if not, the insurance is lost and the game continues as normal. a player can only buy insurance if the house open card is an ace or a ten-value card (a 10, J, Q or K) and only at the beginning of his turn.
According to Game Theory, it is statistically unwise to buy insurance, given that the potential win is not enough to justify the risk of losing (there are 12 different cards, and either 4 or 1 are any good if insurance is possible).
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 Adapted from the Wikipedia article "Insurance in Blackjack", under the G.N U Free Docmentation License. Please also see http://en.wikipedia.org/wiki |
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