Created by LawDude on August 5, 2009
Definition
A form of side bet made between poker players, where a player who is in a strong position will agree to bet a portion of his expected winnings against the possibility that his or opponent will hit his or her draw.
Example
Players 1 and 2 are all-in, player 1 has a flush on the turn and player 2 has a set. Player 1 might purchase insurance (if it is offered by another player), betting some of his expected winnings on the possibility of player 2 hitting his full house. This will protect player 1 against the possibility of the full house hitting and player 1 losing the entire pot.
Other Random Poker Dictionary Entries
- Tl;dr
- AF
- Hit By The Deck
- Loose call
- Two way hands
- Satansnake
- 4-bet
- Effective Stack
- B/F
- Open
- Button
- Steal the button
- Coin Flip
- Pot Commited
- Gamble It Up
- Delayed Continuation Bet
- Chip dumping
- Dead Zone
- Four flush
- Matrix Tournament
- Multitabler
- MP
- C/F
- Check bomb
- Bullets
- X-man
- Free Card
- Rake
- Step System
- Open raise
- Irregularity
- Improve
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