Most people if bet $50, then their insurance bet will be $25 which is half of their main bet as insurance payout is 1 to 2.
If you place $100 on insurance and got $200 in return and won $1100, that will be assuming you place $200 per hand. If buy main bet and place insurance. If dealer blackjack, bets are pushed. If dealer no blackjack, insurance makan, and your main bet win is overall win half bets.
Bro silverfox,
Just to clarfiy my Blackjack situation in Marina Bay Sands Casino.
My
INSURANCE strategy
(1) Every bet I make is consistently $50
(2) If the dealer draw an ACE, I will push in a $100 on insurance but the dealer did not mention any limit set the insurance that I bought.
(3) In the situation where I bought insurance I won't double up if I had 11 points.
(4) If the dealer draw a PICTURE + ACE = BLACKJACK, I won $200 less $50 = $150
Of course if dealer draw other cards, I lost $100 but still left $50 initial bet to fight on.
On the flipside, 70% of time if dealer had an ACE in hand. The dealer is likely to draw a PICTURE to acheive a Blackjack a situation
that always flavour the House. My point why dun we take advantage of the Insurance despite only 2 to 1.
(3) If the dealer has A, no point to double up even if you have 11. Even if you double up and have 21 points, he has a picture, he can still take in your main bet plus the bet you double up.
(4) If dealer ACE+ Picture, you win $150
If dealer ACE+3 you lose $100, and he draws 7,6,5,4,3 and you have a smaller card than his card, you lose $50, total lose is $150
If dealer ACE+4 you lose $100 and he draws 6,5,4,3,2 and you have a smaller card than his card you lose $50, total lose is $150
and you should calculate that there are more combos.
Dealer has ACE, the correct percentage of drawing a 10 is 12/52 cards, that percentage is about 23.07%, That means to say when dealer has ACE 100 times, approx 23 times he gets a picture or 10 value card. Let's give him 30 times out of 100 hands.
you will win 30 times which is $6000 profit and lose 70 times which is $7000 losses. This is a situation where the dealer got more than the normal of times blackjack when he is supposed to. if not, the profit is even lesser and the losses will be even higher.