What is the payout when you offer insurance?

• A. 1:1
• B. 2:1
• C. 3:1
• D. 5:1

Answer: (B)

The payout for insurance in games like blackjack is set at 2:1. When a player opts for insurance after the dealer reveals an Ace, they're essentially betting that the dealer's face-down card is a ten-value card, which would make the dealer's hand a blackjack. If the dealer indeed has a blackjack, the player who took insurance wins double the amount of their insurance bet. This is why the payout is structured as 2:1, creating an incentive for players to hedge against the possibility of the dealer having a strong hand.

In contrast, the other payout options do not accurately reflect the standard insurance payout structure used in games like blackjack.