aka "even money" when you have a Online
Blackjack Games has already been discussed in great
detail. Don't take it! But what about at other times?
The answer is -- you should practically never take
it! Why not? Because Insurance is basically a bad
bet all the way around (remember the Basic Principle
of Profitable Gambling).
For every 13 times the dealer has an Ace up, she'll
have a 10 in the hole just about 4 times. If you
made a $5 Insurance bet on 13 different hands when
the dealer had an Ace up and she had Online Blackjack
Games 4 times, you'd win 4 Insurance bets at $10
each (2-to-9 payoff odds). Then you'd lose $5 the
other 9 times for a $5 net loss on the 13 Insurance
bets combined. This is just a small cross-section
of what would happen in the long run for all times
you took Insurance.
"But what about protecting my hand?",
you ask. What makes you think you can protect your
hand? You've got to get that kind of thinking out
of your head! Now, read this next statement twice;