What is "insurance" on my blackjack hand?

What is "insurance" on my blackjack hand?

Frank Scoblete (Casino Gambling Expert & Bestselling Author) gives expert video advice on: What are the odds of winning in blackjack?; If I follow the basic strategy for blackjack, will I decrease the house advantage?; What factors should I consider in my blackjack strategy? and more...

In the game of blackjack, if the dealer shows an Ace, they'll say, "does anyone want insurance?" That means that you're putting up a bet that's half the size of your regular bet, on the basis that, under that Ace is a Ten and that indeed the dealer has "blackjack". If the dealer does have "blackjack", the dealer will pay you off on your "insurance" bet, but take your other bet. Blackjack "insurance" is not a good thing as the house has around a 5-7% edge.