Insurance
In blackjack, a hedging side bet that the dealer has a blackjack.
In the context of casino gambling, particularly in the game of blackjack, "insurance" is a side bet offered to players when the dealer's upcard is an Ace. It allows players to wager up to half of their original bet that the dealer has a blackjack (a ten-value card as their hole card).
If the dealer does have a blackjack, the insurance bet pays 2 to 1, meaning the player recoups their insurance bet and wins a profit. If the dealer does not have a blackjack, the player loses the insurance bet, but the original hand continues as normal.
It's important to note that while insurance can seem appealing, it is generally considered a poor bet for players in the long run due to the house edge associated with it.
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