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Having just got my bike stolen, I thought it a good idea to look at the practice of insurance in poker, its implication and effects, and when and why you should take it or give it. The practice of offering insurance is prevalent in nearly all live cash games, and can enable players to offset some of their risk when in all in situations, although it has important downsides that need to be considered.
My goal in writing is to alert new players to some traps awaiting them. I expect that most players will lose a little when getting started unless they are initially much better than I was. But new players can learn and change their situations, perhaps more quickly than they expect.
If you want to take your poker game to the next level you absolutely have to recognize situations where it’s correct to go for “thin value” on the river.
Some of the very best starting hands in Seven Card Stud Hi/Lo are referred to as 'suited babies'. These are hands with three low (by low we mean any cards between an ace and an eight), suited cards, and recognising their strength and how to play them is crucial to Hi/Lo success.
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