The option is available only after all the initial cards have been dealt, and only if the dealer shows an ace. To take it, you must put up half your wager. If the dealer has blackjack, you win the insurance bet, usually at 2 to 1 odds - meaning you break even on the hand.
In all cases, is insurance a good bet in blackjack?
In a game of blackjack, the player simply has to beat the dealer's hand to win. But any tied hands end in a 'push', where the player's stake is returned. Insurance can be a good bet to take in a game with lots of decks. The more decks that are used, the more cards there are in the shoe with a value of 10.
Regardless, when playing blackjack What is insurance? Blackjack insurance is a side bet offered to the player if the dealer's up-card is an ace, as insurance against the dealer's hand being 'blackjack'. Blackjack insurance odds pay out at 2/1 and the maximum bet allowed is generally half of the player's main bet.
Additionally, how much money should I bring to blackjack?
Here is a general rule: always buy-in with at least 50 times the minimum bet. No exceptions. In other words, to play at a $5 minimum bet table you need to buy-in with $250. At a $10 table you need $500, and so on.
What does it mean when blackjack pays 3 to 2?
Somewhere on the blackjack table there will be a sign that says, "blackjack pays 3 to 2". All this means is that you, the player, will get $3 for every $2 you wager. This is standard, and gives the house slightly elevated odds. If you see "Blackjack pays 6 to 5" run away from that casino.