InsuredPlay.com allows online poker players to take insurance bets for online cash games. This means using the InsuredPlay software you can insure or take a hedge betting option to protect your poker bankroll against the outcome of an All in hand.
Not much comes for free in this world – apart from some freerolls (as you have to qualify for many types of freerolls) and of course your absolutely FREE sign up bonus if you sign up NOW (that you have to rake more than the bonus is worth but they are still FREE if you sign up NOW) – and for providing you with online poker insurance feature InsuredPlay does charge a premium.
How to implement being able to offer real time insurance bets for online cash games – with its short decision time and multi tabling – has always been the issue.
To get round this InsuredPlay have created an automated system where you choose the range of the situations that you want to be take or make your poker hand insurance. It is like having a Phil Hellmuth app where he leaps to your aid to offer you insurance with, of course, a little bit of vigorish for himself. Without having to listen to his voice.
What you really need to remember and understand about InsuredPlay is that once you have set up your insurance settings the software will automatically take insurance for you when hands or outcomes match the insurance range you have selected. You have no choice to not take the poker insurance when all in for a qualifying insurance hand, it is not an offer.
All you can do is change your settings or turn off the InsurePlay. It is all based on the mathematically outcome of the hand, not to do with the hand values or what your are drawing to. You can not choose to only draw to the nuts flush or a full house etc.
InsurePlay – your insurance settings
Your personal InsurePlay insurance settings are very easy to select as you have little choice, yet. You can select
- Minimum % odds that you will automatically take an insurance bet on when All in during a hand
- Minimum $ pot amount that you will automatically take insurance when All in
- Maximum $ premium amount you will pay up to
- Which poker game variations and online poker sites you want to use the insurance betting on
InsuredPlay online all in poker insurance settings
Using your insurance settings you will be able to fine tune which hands you take and how much vigorish (premium) you pay per hand. If the premium for the hand is more than you want to pay then the software will insure the hand pro rata.
InsurePlay beta testing for the future
If you sign up for the beta testing of the InsuredPlay software you will get a lower premium rate when it launches and other special offers. You may also help to develop its features and future direction of this poker app.
Things that could be looked into in the future include:
If you lose the insured hand then the system will instantly deposit the insured amount into your InsuredPlay account. However this does not stop you going broke on a table and potentially losing your seat with other vultures ready to pounce and take your seat. Perhaps in the future they will be able to credit it instantly into your poker site account?
Being able to get insurance when you are the Villain/Dog?
What other things could they develop in the short and long term? What features would you like to see?
why they no allow behind insurence !!!!!
i would like that long time !!!!
Great idea and fills a clear gap in the market place. Anything that reduces variance will be welcomed in today’s poker climate, so I wonder if we could be looking at the next big thing in poker here?
Incidentally, I seem to remember that a couple of years that iPoker planned to introduce something very similar in their download software – iPoker Hedhge hocs I think it was called, which would also offer the ability to insure pots etc
Some one else remembers hedge hocs! We had thought it was like one of those TV shows from when you were a kid and now no one else has a clue what you are talking about and just look at you with that blank stare thinking you are a crazy
We did a post on it here http://www.pokerq4.com/backbet-ipoker-hedgehoc but either the original specs (that they presented to everyone and said was going live in a couple of weeks) were very different or after about a years delay they changed it drastically.
insuredplay could and be a real game changer, especially for high stakes cash game players. I guess it all depends on how much the commission works out, now that the win rate of online poker is getting so tight.
Will auto poker insurance make players crazier and more agressive?
How much fold equity will it take out of the game and does it stop the power of the re raise of the draw against the made hand? Now that as long as your InsuredPlay.com account is funded enough you do not have to worry about being stacked if your bankroll is low when ahead with the made hand.
Ahhh, that must be where I read about it – how about T-shirt for a confirmed loyal reader?
Do you reckon this sort of thing would give rakeback grinders an unholy advantage against their respective rooms? For example, lets say you play a $60 pot in a 100NL game (which would be max rake). Now, if you insure this pot your liability is much reduced but as far as your poker room is concerned you’ve played a $60 pot and hence hit the rake cap… Do this over and over again and you’ll be earning rakeback essentially for free (less commission on the insurance)?
Or am I way off the mark here?