Is calling even money analogous to an insurance bet?

[Julio88]

Yes, calling even money is the same as insuring a bet in blackjack. Even money is a side bet offered by the dealer in blackjack, when the dealer has a possible blackjack hand. By taking even money, the player forfeits the opportunity to win more money on the original bet and instead receives an amount of money equal to their original bet. This option is usually offered when the dealer has a strong chance of having a blackjack, and the player stands to lose their entire bet if they lose. Taking even money is usually seen as the safe option since it guarantees that the player will get their money back, however, it also means that the player can't profit from the hand if they win since they will only receive an amount equal to their original bet.

 

[Crazy_winner]

Both insurance bets and even money provide a way for players to protect their bets when the dealer's face-up card is an Ace. Insurance bets protect against the dealer having a blackjack, while even money guarantees a 1:1 payout for the player's blackjack