Online poker bad beats, be gone. That’s the goal with the new “All-in Cashout” at PartyPoker. The company announced the latest feature this week, which hopes to keep players from suffering a brutal run of cards.
Players can now insure their post-flop all-in bets, which pays out based on the chances of winning the hand. The cash is shipped to the player regardless of whether or not they win the hand.
“We are excited to introduce this new feature to our cash games and fastforward tables,” PartyPoker director Vadim Soloveychik said in a news release. “Having the option to hedge the risk of a bad beat when all in will hopefully give some players more peace of mind while making bold moves, which will add more thrill to the game for all players.”
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How PartyPoker’s All-in Cashout works
Getting some insurance on an all-in bet is simple. For example, a player involved in a showdown after moving all-in post flop may have an 80% chance of winning the hand. The pot has reached $100 and the player then has two options.
The hand can play out as normal, where the player either wins the $100 pot or nothing. The second option is to select the All-in Cashout button, which appears when the option is available.
Should the player take that option, the player receives the current odds to win, minus a 1% fee. In this case, the player would win $79.20.
However, a player choosing the insurance option would no longer be eligible to win the main pot or any side pots. The player may not get paid off the full amount of the all in, but avoids the paid of a bad beat.
What games feature All-in Cashout?
The All-in Cashout feature will be available for No Limit Hold’em and Pot Limit Omaha cash games and fastforward cash games.
If players decline the option, they’ll still be able to run it twice with two sets of board cards dealt. The two features can also run in conjunction.
“Some people can’t stomach the pain,” Team PartyPoker’s Jaime Staples said. “It’s common for players to seek deals to reduce the risk after they have moved all-in, but now thanks to PartyPoker, players won’t have to. I like how PartyPoker is now allowing players to opt out of showdowns for a small fee.”
PartyPoker adds to SPINS game leaderboards
In other PartyPoker promotion news, the company recently ramped up the SPINS and SPINS Ultra games. Through July 10, more than $20,000 worth of Party Dollars (aka “P$”) can be won daily in the new-look Daily SPINS Leaderboards.
A leaderboard is running for every buy-in level, meaning players can reel in some Party Dollars even at lower stakes. Medium SPINS are those with $50 and $100 buy-ins, while High SPINS are $250 and $500 games. However, leaderboards are offered for even those at the $0.25 level.
Up to 50 players from each buy-in level win a prize every day and prizes go all the way up to $1,500. Party Dollars recently replaced tournament dollars in order to give our players even more flexibility.
P$ can be used to buy into any PartyPoker games, including SPINS, SPINS Ultra, multi-table tournaments, sit & go’s, cash games, and fastforward.
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Amateur championships continue online & live
Plenty of action remains for PartyPoker players in the World Championship of Amateur Poker. The online portion of the series continues through June 26 and the live segment begins from June 29 – July 3 at Dusk Till Dawn in the United Kingdom.
The series is held in conjunction with the Amateur Poker Association and Tour (APAT). All tournaments are in freezeout format to help to create a level playing field. However, players busting the online starting flight can still enter a live Day 1.
The £150 Main Event highlights the series with the first starting flight beginning online. The WCOAP Online comes with several tournament formats. For complete schedule and series preview, click here.