When a player opts for insurance while holding a blackjack. The player then receives a net gain of exactly one to one, instead of three to two if the hand would have been a winner. I.E. The player breaks even on a standard hand.
A payout of 1:1 which means that your winning money equals your bet. For example, if you place a bet of $20 and you win you then receive your $20 and an additional $20 as well.
A winning bet payoff equal to the original amount wagered.