Wager insurance for a No-Limit Texas Hold'Em poker game

Abstract

Wager insurance for a game of No-Limit Texas Hold'Em poker is provided to allow players to “hedge their bets” to limit the downside of losing a large bet through the provision of the ability to purchase, from the house, an insurance policy. The “premium” paid for the insurance policy is calculated by the house taking into account such factors as (a) the amount bet, (b) the strength of the hand, and (c) the status of the game, that is, how far along in the game the insurance is requested, in terms of how many of the sequence of steps in playing the game have occurred. Players may obtain insurance at any step along the way of the playing of the game. This permits a player to limit their potential loss, particularly where the player has the strongest hand to that point in the sequence of steps by which the game is played. In order to avoid undue complication, once a player becomes a policy holder and purchases an insurance policy from the house, that player may not take out another policy during the remainder of the same hand.

Description

BACKGROUND OF THE INVENTION[0001]The present invention relates to wager insurance for a No-Limit Texas Hold'Em poker game. Generally speaking, the card game of poker is an extremely well known card game. By whatever method, the object of the game is to obtain the strongest possible hand from cards dealt from a typical 52 card deck made up of 4 suits of 13 cards each. In such a deck of cards, the 4 suits are typically diamonds, hearts, clovers and spades. The types of hands that may be obtained while playing a typical game of poker are, from strongest to weakest:[0002]1. Royal Flush: This is the strongest poker hand and consists of the Ace, King, Queen, Jack and 10, all in the same suit. All suits have equal strength and, as such, all Royal Flushes are equal to one another.[0003]2. Straight Flush: 5 cards of the same suit in sequence, but not including the Ace. If one is comparing the strength of two Straight Flushes, the one with the higher top card is the stronger Straight Flush. I...

AI Technical Summary

Benefits of technology

"The present invention relates to a game of No-Limit Texas Hold'Em poker and provides a wager insurance policy for it. The invention includes a standard game of No-Limit Texas Hold'Em poker, which involves a dealer button, a big blind, and a small blind. The game is played with a minimum of two players, but can also be played with as few as one player. The players have a certain amount of time to make their decision, and there are rules for when to act and what to do when playing the game. The invention also includes a wager insurance policy for the game, which allows players to protect their bets in case of a loss. The policy includes a standard policy for the game, as well as a policy for when a player has gone all-in and a side-pot is created. The technical effects of the invention include improved game experience and increased player protection."

Problems solved by technology

However, he can still win the pot for which he had the chips.

Occasionally you will hear people say this is not fair or ethical poker.

If you are drawing at a straight, but there is a flush draw possible, then the cards that make your straight but also the flush are not clean outs.

This has counterfeited your hand and made it almost worthless.

If you have pocket kings, and the other two kings flop, you have crippled the deck.

If you're drawing to make a flush, and your opponent already has a full house, you are “drawing dead.” Of course, this is a bad condition to be in.

LeakA weakness in your game that causes you to win less money than you would otherwise.

For example, if you have A9 and your opponent has AJ, then your ace is not “live” because making a pair of aces won't do you any good.

A true maniac is not a good player, but is simply doing a lot of gambling.

However, a player who occasionally acts like a maniac and confuses his opponents is quite dangerous.

Micro-LimitGames so small that they couldn't be profitably dealt in a real cardroom.

RaggedA flop (or board) that doesn't appear to help anybody very much.

RockA player who plays very tight, not very creatively.

However, a turn card of Td would be very scary because it would almost guarantee that you are now beaten.

Please note that soft-playing is prohibited in tournaments and can result in penalties, up to and including forfeiture of winnings.

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