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Official InsuredPlay Thread Official InsuredPlay Thread

01-14-2013 , 04:07 AM
Quote:
Originally Posted by 108
Serious question, and a apologise if it's been answered before somewhere.

Has anyone verified the formula they use to calculate equity is correct/accurate?

If they are dealing with literally millions of insured hands in the long run - isn't a great way to make money by just adding/subtracting a few pips in the declared equity either way?

I know once the cards are up there are a finite number of end boards - but a few pips go a long way...

/paranoid
We're using a pretty standard odds/equity calculation method. You can verify our calculations using http://www.insuredplay.com/home/odds_calculator

The details of the calculations are given on the website for each insured hand. You can compare these to other calculators too if you want.

Quote:
Originally Posted by nlwolf
@Emre Kenci

Do you have any data showing how many PLO hands on average end up AI? (ideally for both HU and 6max)?

Also is there any data showing how much variance is reduced by using your service? HEM shows standard deviation in bb / 100. I wonder what is ev-adjusted standard deviation?

I play HU PLO, my variance is around 190bb/100. What would be ev-adjusted variance if I used your service? I know you can't tell me exact number, but you probably did calculations based on data from your customers...
We will be publishing these type of stats more often as the number of hands we have increases. I made a note of your request and they will go into the next stats based blog post.

Last edited by InsuredPlay Mike; 01-14-2013 at 04:16 AM.
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01-17-2013 , 02:12 PM
could you offer some larger then monthly clearance level also?

you could insure 8 million hands in 3 months, then break from poker 2 months and have entry level fees again, think im right?

oh and also a number of days left counter? not sure i see one

ty
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01-18-2013 , 04:19 AM
Quote:
Originally Posted by temporaryaccount
could you offer some larger then monthly clearance level also?

you could insure 8 million hands in 3 months, then break from poker 2 months and have entry level fees again, think im right?

oh and also a number of days left counter? not sure i see one

ty
Hi,

Yes unfortunately that is the case at the moment. We will factor in the number of yearly insured hands to our fee level calculation method soon.

Thank you for your feedback.
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01-20-2013 , 12:45 PM
What are some of the most common insurance settings? Curious what people find to be best. For example, are most people insuring all equity scenarios 1-100 and just insuring hands that are above a certain pot size? Maybe all pot sizes? Or are you finding that people only insure like 60-90% equity etc.? What are some common filters that you guys find optimal and why? Trying to find out how I would use this.

Thanks!
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01-20-2013 , 04:47 PM
The interval of insured equities should be symmetric around 50% because the variance of winnings in an all-in with equity x% is potsize*potsize*x%*(100%-x%), independently of the number of contestants. So if you choose to get insured as a 70% favourite, you should also get insured as a 30% underdog, and vice versa. According to the above formula, insurance of 50/50 flips is the most lucrative, but the variance of a 15/85 flip is only about twice lower than that of a 50/50 flip, so being insured in 15/85 flips is often worthwhile too. All-ins with the least variance are those where you're either drawing almost dead or smashing opponents. So I think a good strategy is to insure most all-ins, e.g. those where you have 10%-90% equity (it depends on your game, winrate and fee level).

As for pot sizes, thanks for the idea, of course insurance should be taken for pots above a certain size (because the fee is proportional to the potsize but the removed variance is proportional to its square). I haven't investigated into the minimum pot size yet , I guess even 70-80 bb pots (typical when clashing with shortstacks) should be insured by 100 bb players with reasonable winrates.

A good approximate strategy would be getting insurance in pots for which size*equity*(100%-equity) > C, where the constant C is to be determined individually, but afaik it's technically impossible with the current software version.

Last edited by coon74; 01-20-2013 at 05:03 PM.
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01-23-2013 , 07:57 AM
Hi guys,

Our lowest fee promotion ends on Friday, Jan. 25th. The promotion allows you to use InsuredPlay with the lowest fee percentage without playing the required number of hands for 30 days.

You need to sign up and make a deposit before the deadline to take advantage of this. If you already have an account but haven't made a deposit yet, make a deposit now and you will be automatically enrolled in this promotion.

Last edited by Mike Haven; 01-23-2013 at 10:27 AM.
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01-25-2013 , 05:20 AM
Hey Emre Kenci,

How long until the option to deposit/withdraw in EUR ? I'm losing more money in currency conversion fees than in InsuredPlay fees.
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01-27-2013 , 04:22 PM
Hi,

I have a quick question. Can you insure Rush hands played on Full Tilt ? Thank you.
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01-28-2013 , 01:56 AM
Yes, Rush hands can be insured (I attest this first-hand for PLO; NLHE is traditionally never deprived so I 100% believe Rush NLHE can be insured too, especially because they've written so at the site ).

+1 to Romeo83's euro account demand - most of us didn't know about the company when creating Skrill accounts !
Official InsuredPlay Thread Quote
01-28-2013 , 07:25 AM
Hi,

Quote:
Originally Posted by Romeo83
Hey Emre Kenci,

How long until the option to deposit/withdraw in EUR ? I'm losing more money in currency conversion fees than in InsuredPlay fees.
I understand that the FX fees are very high but unfortunately I can't promise an exact date for multiple currency accounts yet.

Quote:
Originally Posted by bAd JQKe 10
Hi,

I have a quick question. Can you insure Rush hands played on Full Tilt ? Thank you.
Rush poker is supported. If you had a problem with these hands please contact support and we'll look into it.
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01-28-2013 , 08:51 AM
Thank you. I can swear that when I read the page yesterday I didn't saw the " Rush Poker is supported " warning ) but now that I look it's there. Maybe I just had an old version of the page cashed or something :|.
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01-29-2013 , 02:41 PM
this is rocket science
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02-01-2013 , 10:10 AM
Quote:
If you deposit to InsuredPlay and withdraw your funds before using them on insurance or any other product on InsuredPlay, you will be asked to pay a fee to cover the transaction costs related to your deposit and cashout. In order not to pay fees, the total amount you paid for insurance premiums since your last deposit must be equal to or more than the deposit amount.

Please note that this is due to the transfer fees charged by the e-wallets to us.
Care to elaborate? So do I have to "wage" at least the deposit amount with my all in hands which I guess is fine or this is way more outrageous.
Official InsuredPlay Thread Quote
02-01-2013 , 03:39 PM
InsuredPlay should consider integrating its client into HEM/PT so that they could process hands and count equities, premia and fees together in real time (a tasty feature from the user-friendliness viewpoint, especially if the fee stat is available and there's no need to go to the website to check it). The way it is now, a double work is done: HHs are imported by IP and HEM/PT separately. I guess it's not an issue for most users who have decent computers, but on old laptops IP eats too much CPU power and might hang HUDs.
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02-03-2013 , 06:58 AM
Any chance of you ever supporting the Microgaming network?
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02-03-2013 , 07:17 AM
looking forward to GBP currency cashout, just registering my vote, feel its important issue & will help my IP usage. that is all.
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02-03-2013 , 11:58 AM
Quote:
Originally Posted by JustADreamer
Care to elaborate? So do I have to "wage" at least the deposit amount with my all in hands which I guess is fine or this is way more outrageous.
If you flip a $200 pot with 50% equity then your insurance premium is $100, which clears your $100 deposit from withdrawal fees.

It's very easy to reach free withdrawals.
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02-08-2013 , 09:27 AM
Hi,
Insuredplay, I've been using your software and it really gives me a nice profit it doubled my deposit on your site, but the question is what happen when i won in this case can you deduct money from my account?.

In a .05/.10 table with my 99 i flopped set against a loose player and shove after his raise on a board like this Me(HERO)9h 9c and Villian As 6c on a board like this 4s 6d 4d Ad 9d.

I really dont know how insurance and all works but the question still stand.

I checked my insuredplay account a deduction of 2.something dollar.
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02-09-2013 , 08:43 AM
Hi, since it is not convenient for my friend's country to use the deposit/cashout method. Can I use my insuredpay account to make deposit/cashout for him? ie. different account holder between insuredplay and pokerstars?
And how much should I deposit in order to have my hands insured?

By the way, why can't I find the contact in the your page?

thx
Official InsuredPlay Thread Quote
02-11-2013 , 06:16 AM
Hi guys,

Quote:
Originally Posted by themchose1
Hi, since it is not convenient for my friend's country to use the deposit/cashout method. Can I use my insuredpay account to make deposit/cashout for him? ie. different account holder between insuredplay and pokerstars?
And how much should I deposit in order to have my hands insured?

By the way, why can't I find the contact in the your page?

thx
I'm afraid this is not possible. You can only use your InsuredPlay account with a single PokerStars username. So in fact doing this would be against our Ts&Cs.

To contact support, click the 'Help' link on the upper right corner of the page and then click 'Contact Support'.

Or you can just click the feedback button on the left side of each page and we'll receive your inquiry.

Quote:
Originally Posted by IndianShindian
Hi,
Insuredplay, I've been using your software and it really gives me a nice profit it doubled my deposit on your site, but the question is what happen when i won in this case can you deduct money from my account?.

In a .05/.10 table with my 99 i flopped set against a loose player and shove after his raise on a board like this Me(HERO)9h 9c and Villian As 6c on a board like this 4s 6d 4d Ad 9d.

I really dont know how insurance and all works but the question still stand.

I checked my insuredplay account a deduction of 2.something dollar.
To ask a question about a certain hand, find the hand on the cash games section of the website and click 'Report error'.

This way we'll know exactly which hand you're referring to and we'll be able to give you a better answer.

Can you please do that for this hand?

Quote:
Originally Posted by coon74
InsuredPlay should consider integrating its client into HEM/PT so that they could process hands and count equities, premia and fees together in real time (a tasty feature from the user-friendliness viewpoint, especially if the fee stat is available and there's no need to go to the website to check it). The way it is now, a double work is done: HHs are imported by IP and HEM/PT separately. I guess it's not an issue for most users who have decent computers, but on old laptops IP eats too much CPU power and might hang HUDs.
You are right, that would be really good for user experience sake.

We are working on establishing partnerships with various companies at this time.

Quote:
Originally Posted by e-donk
Any chance of you ever supporting the Microgaming network?
We are not planning to support another site in the near future.
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02-12-2013 , 06:36 AM
plz add webmoney for deposit thank you
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02-12-2013 , 08:05 AM
Do u offer insurance for Double or nothing sngs on merge?
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02-13-2013 , 05:37 AM
They neither accept US deposits nor support any of the US networks in the first place. They support Stars/FTP/Party/iPoker only , and insure some big tourneys only (as a rule of thumb, Stars scheduled $22+ and FTOPS). (This has all been clarified by Emre earlier itt )
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02-19-2013 , 09:45 AM
Hi guys,

The players who were moved to FullTiltPoker.eu with the update they released yesterday can now keep using InsuredPlay with the update we released today.

Cheers
Official InsuredPlay Thread Quote
02-20-2013 , 07:51 AM
Quote:
Originally Posted by ussef61
plz add webmoney for deposit thank you
We applied to WebMoney for a merchant account twice and got the same response to both of our applications. The response was that they do not allow the use of their services by gambling related businesses, including poker.

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