A website has been launched recently. Currently, it is only in beta version, but the official version with real money should be launched soon. What is it exactly?
Insurance for your poker hands. You create an account and you set the hands you want to provide in your dashboard. You have a play money and real money account. For the moment, with the beta, only the money can be used.
How does it work?
For example, if you have insured all your all-in on the flop with 51% of equity and you are guaranteed to win money.
For example: you are all-in on the flop with KdKh vs the AdQs of your opponent.
The flop is 2 s - 7 h - Qd.
Here KK has a 79,80% equity. If you are insured for this hand and the pot is $ 100, you win always $77,78. If you win the hand, you will have $ 100 (the pot) - $ 22.22 insurance and if you lose, your insurance will give you $ 100 - $ 22.22 to be assured.
Obviously, in the (very long) long term, you are supposed to earn $ 79,80 and not $ 77,78 (it must be the insurer money!)
Other examples:
If you have 70% of the odds of winning $ 100 on an all-in, your insurance will cost you $ 31.50.
If you have 80% chance to win $ 100 on an all-in, your insurance will cost you $ 21.
If you have 90% chance to win $ 100 on an all-in, your insurance will cost you $ 10.50
To access the site by clicking on InsuredPlay.
Open an account and set your preferences (which hands you want ensure).
Even if it's a first glance EV - offer, it can be interesting for a player who would like to make the jump to a higher limit, but who's afraid of the variance. It happened to several; you make the jump to an upper limit and less than an hour, you have lost twice with AA all in preflop and two other buyin so that flush draws opponents complement each time! It can also be a good way to keep his attention on equity in the hands. It develops reflexes that force us to be more attentive to our game.
This insurance also provides other positive points. For example, if you're the type to tilt 2 stacks after losing with AA all in preflop against 33, this insurance is maybe for you. Yes, you will lose a few % over the long term, but it is nothing compared to the 2 or 3 buy-in you may have tuned.
This insurance also protects your bankroll to run bad periods. The site provides also some interesting extras when you are members. Go take a look.
For now, the site supports PokerStars, PartyPoker, and Titan Poker. You can ensure your hands to Hold'em and Omaha.
If you're really the unluckiest player of the world, this is clearly an offer EV + for you.
Discuss this news on PokerCollectif forums: make your hands of poker with InsuredPlay
