Insurance

While it’s primarily associated with blackjack, poker insurance is an agreement between players in the form of a traditional side bet.

The purpose of insurance in poker is to minimize the potential loss if the opponent wins the pot. In other words, it helps protect the player from a bad beat or a suck out.

Imagine a scenario when you’ve gone all-in against a player with a bigger chip stack. A bad beat in this situation could put you out of the game if you can’t afford to rebuy.

So, making a small insurance bet prevents this from occurring at the cost of lower overall winnings.

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Ivan Potocki

Ivan played poker professionally for over five years but finally decided to merge his passion for writing with gambling and became one of the leading writers in this industry. Now he covers sports betting, casino & poker world and enjoys playing card games with his friends.

You can connect with Ivan via his LinkedIn profiile and follow him on Twitter.