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| Wednesday, May 23 2012
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Online poker: Many new unreliable insurance offers on the net
Several companies are on the lookout of opportunisty since the liberalization of gaming, a real lucrative market for them. We learned recently that companies offer now bad beat insurance for poker players. And they think it's a loophole that needs to be exploited. But for players, it is another matter because the conditions to fulfill to benefit the prime and the price to pay are bristling hair. These offers seem attractive and appealing as these insurers are supposed to say they will reimburse up to 74% of the stake in case of loss but by analyzing the eligibility conditions, it amounts to a scam.
These are the details that online poker players should fill if they want to enjoy the famous insurance: to be up to date with its dues (5% on each set), the tournaments are not taken into account, the losing hand must use both hole cards and must have been revealed and the winner must use at least one hole card. It's not all, the player must pay attention to his insurance because claim will be only receivable during seven days. But the more complicated is the following: no refund outside an involuntary loss! And that last clause is still conditioned by some technical parameters difficult to control because it depends not only the player but the other players will also be charged. The maximum amount of insurance is 5,000 Euro with a maximum of one bad beat per year per player. To qualify for this insurance Bad Beat, the room must be approved by the insurer but for the moment no poker room has received such approval.
Source: Poker 777
Wednesday, 14 July 2010
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