Insurance is EV-. Just another way to screw players.

Not my post, credit Kyyberi

The calculations are there.

Juice is the amount that insurance pays over the EV0 amount. If EV0 insurance would pay $5, then if you pay $5,50 for it there is $0,50 juice. The one who gives the insurance makes profits from the juice.

In the example there is an all-in on the turn, 100bb stacks and hero has 85% equity.

Let's repeat the situation 100 times and hero wins 85 of those.

Without the insurance

85 times hero wins pot of 200,5bb = 17042,5bb
15 times hero loses 100bb stack = -1500bb

After 100 repetitions hero has 15542,5bb

With insurance

85 times hero wins pot of 200,5bb, but pays insurance of 17,7bb = 15538bb
15 times hero loses but keeps his stack = 0bb

After 100 repetitions hero has 15538bb.

Difference is about 0,05bb per hand. If the insurance cost is 1c lower, it would be the same difference but benefits the player. So it's uite understandable that it's rounded up.

I can't explain it any clearer. Insurance is EV0 so it doesn't affect your winnings directly in the long run.

So you're telling me ALL THIS TIME I could've just used it?

Nice, thank you/Kyyberi.

Have anyone's check Highstakes Poker room (GGskins) which offer VIP almost like the old FTP system (or like Stars now) you can get direct cash rebate by buying stuff on the HS Store..can some one check it and calculate the RB..

Level Bronze - Silver - Gold - Platinum and Red

Rake $1 = 100 pts

$10 cash rebate for 6.250 points
$100 cash rebate for 50.000 points
$1k cash rebate for 375.000 points
$10k cash rebate for 3.000.500 points

Thanks

You got the numbers, now do the math

Does anyone know how you can get into the VIP rooms? i see 3 vip rooms, Mariana bay sands and formosa poker club and slurpeez, I've heard that there is really good action in the VIP

so what is the rake on cookie freerolls? Hard to find out what the effective percentage is.

edit: also what times are the best traffic numbers at?

i found a guy who sells handhistory for ggnetwork, will i get banned if i use it?

imo it seems v likely as getting caught using a HUD would mean perma ban

So you're asking if you will get banned for cheating?

How about - don't cheat, whether it will get you banned or not.

Are you sure about this? After reading this I told myself, why not swing less and take the insurance.

Came this pot in PLO :


All-in on the flop for a total pot of : 1091.54$

I didnt pay too much attention to the numbers they gave, as they go quickly and quoted text above said it was almost neutral ev, if not neutral ev.
Using cardsplayer odds calculator,

my equity on the flop: 67.44%
his equity on the flop: 32.56%

Pot on the flop : 1091.54$

my equity value : 736.13$

my insurance payout : 543.27$

Which represents almost half of the value of the pot. Hmm?

I lost the pot, got 543.27$, winner got 1091.54$, as per HH. I also dont understand when in the HH the rake is taken.

Anyhow, there is a massive difference in my insurance money : 543.27$ and my equity money : 736.13$

And we said above; is it almost neutral EV to take insurance? What am I missing?


*

^


Ahhh, I could edit above but I get it.

You dont get your equity, nor your equity minus a fee.

If you lose, you simply keep your stack.

Got it. Misread or got confused, Ill leave the top post for information, just in case it helps somebody if he scrolls this.

https://forumserver.twoplustwo.com/2.../#post53421647

Essential read for everyone playing on the network!

Thanks for the heads up. This is my first time joining any site for Online. Do you have alternate recommendations? Im just playing with around $100 to get my feet wet so maybe this site is fine for me?

Asking questions gets you banned from GG Network. Attempting to comply is equivalent to transgressing. You can't know the rules. But if you break them, you'll lose your money.


tl;dr:
GG: If you break our rules, you’ll be banned and we’ll confiscate your funds.
Me: What are your rules?
GG: None of your business.
Me: Are you serious?
GG: You’re banned.

Email screenshots:
https://ibb.co/cQKoFn

text:

They have so many bots and superusers playing there, they could care less about any winning regs. Especially winning regs who have half a brain to question their arbitrary implementation of the "rules". Seems they are 1 step away from sending all the winning accounts to go grind .02/.04 in gulag work camps.

GGPoker's house rules state that players are allowed to play a maximum of 4 tables at the same time, can anyone verify that? I was unaware of it since I played there for the first time today and the software didn't prevent me from sitting on a 5th table, which I assume would have been the most logical thing.

https://www.ggpoker.com/house-rules/

Also is there a way to calculate rake paid? When I figured out that PokerCraft doesn't include rake I tried to calculate the rake based on the FPs I collected. I got 550 FPs today, which corresponds to $5.50 in rake, if I'm not mistaken (1 FP for $0.01 https://www.ggpoker.com/poker-promot...uffet-rewards/). Adding that to the $4.31 I lost (based on PokerCraft) + $0.50 I got as rakeback I should have lost $9.31, but my balance is missing $10.38.

So either PokerCraft isn't tracking results correctly or something is off with FPs received & rake generated, or money is magically disappearing somehow?

Wtf really? I was completely unaware of this 'rule'.

I was stunned when I read it, even more stunned that the software doesn't automatically stop you from sitting at more tables. (which Unibet does for example)

Fairly worrying that every email from GGnetwork looks like it was written by a lawyer. It's as if they expect the feds to bust the door down any minute.

Regarding the multi-tabling rule I mentioned yesterday, I informed a streamer who was unaware of it and he contacted Support, turns out it was an old rule and they have just changed it to the following:

"GGPoker allows players to actively play as many tables as they want on desktop, and up to a maximum of four tables at the same time on mobile devices."

The other thread where OP said that GGnetwork stole $5K from him as about "predatory behaviour" rule. That rule says that players are not allowed to exploit opponents to gain monetary advantage.

That is just so silly, as poker is all about exploiting strategies.

So I contacted GGnetwork security, and asked them three simple questions:

1) Am I allowed to color code players according to their skill level?

2) Am I allowed to try and play against the less skilled players, as an example when there are two tables to choose from and I always choose the one with the ”fishes”?

3) Am I allowed to leave table if I estimate that the table is -EV for me (as an example a table full of good players, due to high rake)?

Their reply was "please see our T&C". I replied that it doesn't help, that's why I am asking. So they gave me reply:
"As we have mentioned, what we can inform you is your request can be regarded as violation 'Bum Hunting and Predatory Behavior' of our policy. If a player move from a table to other table in common-sense point of view, it is not considered as violation of the rules. But we would like to inform you that moving tables to avoid playing against specific players or moving tables to target specific players can be regarded as acts of bum hunting."

It is still unclear what is allowed and what is not. What bothers me is that they can't just simply say it. They have the option to make notes and color code players, and you can select your table. And at the same time they say that you can't target specific players. That means that you shouldn't even table select. So why do they have these features in the software?

Now common sense says that I am just making a big thing out of nothing. If GG had common sense, that might be the case. But when you look at the threads about them taking the money when someone is accused of predatory behaviour, it's clear that they work with different policies than other sites.

Too many shady stories, and the total incompetence to say if I am allowed to table select or use color codings turned the scale to "too risky" for me.

P.S. The reason why I wanted to have clear answers was because I streamed live games from one of their sites. As the "evidence" is available, I wanted to make sure that the stuff I am doing in the stream is allowed. I explained this to them at my emails.

I would be very careful about doing business with this site. I have had several friends tell me they have had their accounts closed and money taken. They seem to use a vague definition of bum hunting or "predatory behaviour" to justify the bans. I know a couple of them were indeed bum hunting to a minor extent but some of them were almost certainly not. I get the feeling they basically ban winning regs who they feel cash out too much from the site. They also refuse to give detailed explanations to justify the decisions to ban players and take money and will refuse to consider reversing the decision.

isn't Natural8 regulated in UK? so why not fill a complain?