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Can anyone explain how insurance works in High stakes poker games?
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[QUOTE="fishfood80, post: 5823285, member: 133255"] You explained it perfectly. Although the percentage can vary. A lot of times if you have like 85 percent equity a player might offer you 80 percent or something to get a better deal. On the flip you might ask for 90 percent to get a better deal. Recently Hellmuth was in a big hand against Ausmuth on poker after dark. He held AA against AK with only the river to come. There was a K on the turn and Phil wanted insurance. He asked JRB for 1000 dollars at 30 to 1. Meaning if he won he’d give JRB a grand but if he lost he’d receive 30k the pot was around 73k. JRB wanted it at 25 to 1 they settled on that at 800. Phil won and paid JRB 800. I think his equity was around 93-96% . So it really depends on the deal what you feel the players equity is worth to you. No matter what I think it adds another great element to a cash game. [/QUOTE]
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Can anyone explain how insurance works in High stakes poker games?
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