When is it a good idea to take insurance?

[Mike_25]

Should a player take insurance when the dealer shows an Ace? I usually don't because insurance bets pay only 50% while you lose 100% of your original bet if the dealer has Blackjack. My strategy is to just play my hand as normal and hope the dealer does not have Blackjack unless someone convince me there are some situations insurance make sense.

 

[Hasan77]

Taking insurance is generally a good idea in situations where the potential risk or financial loss involved is significant and could have a significant impact on your life or finances. Here are some situations when it is generally advisable to consider insurance:

Health Insurance: It is essential to have health insurance to cover medical expenses and protect against high healthcare costs. Medical emergencies or chronic illnesses can lead to substantial financial burdens, and health insurance can provide coverage for hospitalization, surgeries, medications, and preventive care.

 

[Mrkasino]

OK

 

[Dominic]

Thanks for this informative post...I'm new to this game so I don't have much contribution to make concerning this post. But I'm open to learning tho
How were you able to know that much about casino games?

 

[Baniro]

Taking insurance can be a good idea in various situations where it provides financial protection and risk mitigation. Here are some scenarios where obtaining insurance is often advisable:

Protection against significant financial loss: Insurance can safeguard you from potential financial hardships caused by unexpected events. For example, having health insurance can help cover medical expenses, while auto insurance can protect you from the financial burden of a car accident.

Compliance with legal requirements: Certain types of insurance, such as auto insurance or workers' compensation insurance, may be mandatory by law. In such cases, it is essential to have the required insurance coverage to comply with legal obligations.

 

[James108]

The most common time to consider taking insurance is when you have a strong hand, such as a pair of aces, and the dealer's upcard is an ace. In this situation, you have a good chance of winning the insurance bet, which can help offset the potential loss of your original bet.