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To make these insurance coverage bets worthwhile, you’d need the dealer’s hand to have a card with a price of 10 as their hole card to win your wager. With solely sixteen of those cards out there in a single deck, you’ve solely obtained about a 30% likelihood of successful. Before we discuss the use of insurance bets in Blackjack, you will want to understand the historic context. Traditional Blackjack has been around for hundreds of years.