What exactly is insurance?
Is insurance accessible at all times?
You must go all-in
(The pot in question is the Insured Pot)
- If side pots exist, two or three players must stay in the largest pot.
(The Insured Pot will be chosen from the largest pot)
You're dealt a hand that's great in your favour:
b) If there are only three players left, your chance of winning must be between 50.00 and 98.00%.
How does one go about getting insurance?
- At a 9-player table, for example, two players go all-in while the others fold.
- If you are dealt, your opponent is dealt, and the flop is dealt. You have a 90.00% probability of winning with your hand.
- Your winning chances are 90.00% (1 - 90.00%) = 9.00
- The cost of your insurance plan is calculated as follows: Compensation = 9.00 fee
- When you buy insurance, an insurance fee is deducted from the Insured Pot.
a) You obtain the Insured Pot if you win this hand, but you must pay the insurance fee.
b) Your insurance will be settled if you lose this hand: you will receive compensation and your fee will be refunded.
c) If you tie this hand, your insurance will be settled: you get the Compensation, plus the split pot with the Fee returned
- Only 5.0% of service charge applies to the insurance settlement
What are your choices?
- With the Minimum Plan, your exposure in the Insured Pot is still completely protected. You get a refund even if you lose.