clarifying doubts about Insurance in poker

#1 9th October 2009, 4:58 PM

hi, was wondering if anyone could explain to me how insurance is done in poker? this is what i think insurance is supposed to be, but i have friends who disagree with how i go about doing it.

for example, my friend has bottom set, on a board of 3 9 Q, rainbow. so % wise, he's a 83% favourite. he's giving me 5% juice, and given that the total pot is $1000, if i insure him for the full pot, and if he wins, i'll get 17+5=22% of the pot. if he loses, i'll have to pay him 83-5=78% of the pot.

does this sound right to u guys, or are there different methods and ways of insuring?

#2 9th October 2009, 5:02 PM

Ive only ever heard of insurance in a card game for Black Jack.

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