P
postflopper
Rock Star
Silver Level
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?
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?
