Insurance Bet in a Game of Blackjack

Video Transcript

"In this clip we’re going to be talking about using or taking insurance. If the dealers up card is an Ace the player’s offered the option of taking insurance before the dealer checks his whole card. The player who wishes to take insurance can bet an amount up to half his original bet, the insurance bet is played separately on a special portion of the table which is usually carries the word insurance pays to the one. The player who is taking insurance is betting that the dealers whole card is a ten value card, for example the player that’s $10 the cards are dealt, the players hand is 19 and the dealer shows an Ace, they player takes insurance by betting an additional amount of $5, the dealer checks her whole card and sees that it’s a $10 value card. The player looses his $10 bet on the blackjack hand but he wins the insurance bet so the player gets two to one on his $5 insurance wager and receives ten on top of the five which is returned to him, notice that the player came out even on the round."