The Insurance bet is normally a bad bet, the chances of winning are less than 1 in 3. It is always advised for any player to reject the insurance bet unless the player is using a card counting technique. Card counters are the only players that can reduce the casino’s edge with an Insurance bet. By calculating the odds and taking into considering all of the cards on the table, and all of the cards that were dealt in previous play it is possible to have an advantage on the casino, however it’s not an easy task. Card counting is not necessarily complicated, but when you take into consideration all of the variables and the speed of the game it is easy to make a mistake. It is always advised to be very confident in your card counting abilities before making the Insurance bet.