Quote Originally Posted by RoadJack View Post
Hi there! If you guys could help me here, just to make sure I understand insurance right:


Say my initial bet is $10 and the count is high, the dealer has an ace showing. Before anything else, he offers insurance to all players and I take this option for $5. Then:

- Case 1: The dealer has blackjack and I don't so I break even on the hand [($5 x 2) - $10] = $0

- Case 2: Both the dealer and I have blackjacks so we push on the hand but I win $10 thanks to my insurance bet. +$10

- Case 3: The dealer doesn't have blackjack so I lose my $5 insurance bet and we continue to play the hand. -$5 + ?


Am I missing something?
Yes, case 2. Most places won’t allow you to insure player blackjack against dealer ace. If they did, assuming you optimize, you would take even money and then win your insurance bet.