Poker Insurance

Well, I suppose it had to come.

Followers of Phil Helmuth, will have often seen him, ask for insurance, in cash games.

It works like this : He gets into a hand, where, after the money is in, he is .. say 4/1 fav. He asks for insurance, from a willing layer, taking, perhaps 7/2 .. which, reduces his variance. So, if the cards fall badly, he gets the insurance money, if not, he pays the premium, but picks up the pot.

http://www.insuredplay.com

This new website, is offering insurance, on all Poker Stars cash games, and even bubble insurance, in tournys.

The 'premium' , varies, but appears to be based on the cover u take + premium .. so,

If u elect for 10% cover, its 10% of the buy-in +  2.5% of the buy-in, for bubble insurance .. cash game insurance, varies, based on number of hands etc.

If u have bubble insurance, but, a limited bank-roll, having the insurance might make your play, a little more aggressively.

Things are changing in the Poker world .. Bitcoin etc / legal changes ..

((If you had bought Boyd Gaming at $7.00, as advised here a while ago, u would be happily looking at todays $9.00 share price))

((I am also happy, to report the demise of Gold .. this is going, much lower, IMHO))