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Should you buy insurance?

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On 12/16/2018 at 12:40 PM, Mrputo said:

yes, insurance make you insured when something happens to you

I dont know if you are trolling or not but, the game blackjack has an insurance option. 

I could totally get people getting confused if you just read the title of the threaad and not the contents... but cmon people put some more effort... 

i bet this was a troll and im fallong right into it huh...

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Blackjack insurance is always a side bet, but if there are times when card counters take insurance because of the 3:2 Blackjack payout of a standard game, does changing the payout to 1:1 change the strategy for taking insurance in  game? Knowing that casinos don't offer side bets that are better for the player than the house, I suppose it's safe to assume the odds are not in the players favor enough to take the bet away from the player. If it made too much of an odds swing, the game wouldn't offer insurance. For all I know it may actually make the odds worse for the player. In general, it may be a bad side bet.

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I almost never buy insurance in a blackjack game as it is a waste of funds when the dealer does not end up having a Blackjack. On the other hand during a very large gamble, making the wrong call on buying insurance would cost you a leg if the dealer does not have Blackjack.

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It is not recommended. But sometimes I do. I usually pay insurance when I bet a considerable amount and I have 20 points on my cards. Other than that, in other cases I don't usually do it.

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I usually never buy insurance while playing blackjack, i just feel like it is more fun to just take a little risk. So far it worked out pretty good to use that strategy, I never bet huge amount in blackjack anyway though, so I am not sure how I would decide if I bet high.

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Never. Unless you are playing in a real life casino, with no automatic shufflers, and you are counting the cards.. I guess this is possible in some Atlantic City casinos.

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The answer to this question is a resounding absolutely not. When you go to the casino, or in this case an online casino, there are games that provide a player “side bets”. Now insurance is different than that but my rule of thumb is this: If a casino is asking you to place a wager within a wager, you must realize that you are at a disadvantage because the casino is not going to offer you something, that would help you out at all. Using the infinite deck model that stake uses for their blackjack (which I absolutely hate they do that) you have 4 10’s 4 jacks 4 queens and 4 kings that you are paying insurance for. That is 16 cards for every 52 that it could be. It is absolutely absurd to place half of the original wagered amount on a 69.3% chance of losing that insurance bet. In a standard game of blackjack at a casino, that % is going to vary because of the equity of the remaining cards in the deck. hypothetically, if half of the 8 deck, 416 card shoe comes out and you have only had 40 values of ten come out, you have a 78 out of 208 (37.5%) of there being a value of 10 card to make the dealers blackjack. That still leaves a 62.5% chance of wasting half of your stake on insurance. With stake, it’s always easy to do that math because the equity of the cards is an infinite value. So the next time you want to buy insurance, ask yourself do you want a 70% chance of losing another half of what you put down? 

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Posted (edited)

I feel lie insurance in general is a good idea because it's something that can help you very much. I mean if you get sick or something you can always count on insurance. I remember when my dad died and we ended up in a huge financial whole because he was not careful with his finances. It was really hard on me and my family. So when I was older I decided that I am going to apply for life insurance. I found a really cool service online that really helps you figure out what kind of deal you need and what kind of deal works best for you. (I'll leave the link below). It was actually a lot of help for me and now I am sure that my family will be safe financially if something happens to me.

 

 

 

 

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You can check the link here: https://usave.co.uk/

Edited by MrsSandman

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No, not in this kind of casino setup. Buying insurance is only profitable if you are in real casini and you can count the cards. Otherwise, doing it here yields a total waste of coins because the game has infinite amount of decks being considered in every shuffle.

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Absolutely not! Winning with insurance against its payout is just too close for comfort. About 30% of winning with 2:1 payout already gives you a sharp "no" answer. It will only be different if you can do card counting which is not the case with Stake's BJ version.

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Life Insurance as a Strategy to Protect and Build Wealth When you buy life insurance you are looking to protect the lifestyle of your family or dependents if you should die. If this is your primary goal then low-cost life insurance may be a good starting point for you.

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Since were gambling! I don't do insurance..it might save u a couple of times but i u see..u loss more than ehat it saves

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i think the general rule is to never take insurance, but im not sure lets say you had a big bet out you were maybe uncomfortable with, perhaps consider taking it then, i rarely use it but interesting subject non the less, im going to see if i can look further into this

 

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I guess not insurance almost, if you think it will apear blackjack soon, you can choose Insurance, goodluck

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