Easy Money in a Hard Game!: [Pokertool] InsuredPlay: Bad Beat Insurance

What is a "Bad Beat Insurance"?

With such an insurance, whenever you are allin BEFORE the River, you get paid your equity share of the pot.

Sample Hand:

KK is all-in 80% equity on the flop to win the $100 pot
Logobulletdiamond

AQ calls and KK gets automatically insured for $20
Logobulletspade

Ace drops on the river and KK loses the hand
Logobulletheart

KK gets $100 in his account on InsuredPlay

So what exactly happened here: We pushed allin on the Flop and got called by AQ. We have 80% Equity, which means we should statistically win 80 out of 100 such situations. Now that we insured the hand, only 2 things can happen.

Sit1: We win the pot. +100$ from the pot, but the inusrance premium is 20$ so we get 80$ effective.
Sit2: We lose the pot we get +100$ from insuredplay but the insurance premium is 20$ so 80$ effective.
(Sit3: may be a splitpot but it still ends with 80$ effective)

Why would someone use this insurance?

Reasons for this might be:

Lower variance, meaning lower effective swings. This leads to a looser bankrollmanagement.
Many people have trouble coping with suckouts, with Insuredplay you kinda get what you earned ;)
Some people think pokersites might be rigged of they run bad all their life! haha

Reasons against the Insurance:

You don't participate on your upswings (stupid reason tbh)
The costs

Does it make sence for me to use this feature?

Do you play on another site than pokerstars? ----> NO because it's the only supported site.
Do you play cap games? ----> NO because the fees are way to high to have any +EV anymore.
Do you play deep games or Omaha? --> yes definately, because the swings in allinEV are extremely sick, so with this you can lower the variance for a relatively low fee.

Fees

Fees are always a small percentage of the pot. The amount of fee you pay on InsuredPlay depends on the number of insured hands you played in the last 30 days.