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PokerSurance offers online insurance

26 Sep 2007

SAN FRANCISCO, California -- (PRESS RELEASE) -- You've seen poker professionals on TV buy insurance when they move all-in on a hand of poker. It's a smart bet since it protects them from a bad beat and losing all their money. But, everyday players don't have this option and experience the real pain of going broke. Mitchell Cogert co-invented and patented a new bet called PokerSurance, to give the everyday poker player the insurance option reserved only for high- limit poker pros.

Here's a typical example: You move all-in with pocket aces and get called by another player's inferior hand. But, the poker gods are against you and your aces get cracked. You are busted and leave the game.

With a PokerSurance bet, when you are all-in, the dealer offers you PokerSurance. Now, if you lose to this player's inferior hand, you still win your PokerSurance bet. You can play longer and win more money.

While poker insurance has been around for decades, it was something negotiated on the side between the high rollers of poker. Casinos didn't offer it to their poker players since they never figured out how to make money on it. A PokerSurance bet solves this problem as it sets up a consistent way for the dealer to offer an attractive wager for players, at a fair price. As a result, poker rooms can earn more and have happier players who play longer.

PokerSurance is available for on-line poker sites, casinos and card clubs. It's a win-win for both poker rooms and poker players.

 
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