Insurance Bet in the Game of Blackjack

"Hi this is Daniel on behalf of Expert Village. In this clip we are going to be talking about using or taking insurance if the dealers up cards is an ace, the player is offered the option of taking insurance before the dealer check his hold card. The player who wishes to take the insurance can bet an amount up to half of his original bet. The insurance bet is place separately on a special portion of the table which usually carries the word insurance pays 2 to 1. The play who has taken the insurance is betting the dealers hold card is a 10 value card. For example the player bets 10 dollars, the cards are dealt, the players hand is 19 and the dealer shows an ace. The player takes insurance by betting a additional amount of 5 dollars. The dealer checks her hold card and sees that it is 10 value card. The players loses his 10 dollars bet on the blackjack hand but his wins the insurance bet. So the player gets 2 to 1 on his 5 dollars insurance wager and receives 10 on top of the 5 that you return to him. Notice that the player came out even on the round."