Play poker in 2019 variance free
At SpinLegends our players get 'EV Insurance' meaning they get paid on their performance, not on their short term results. Find out more.
There is a lot of variance in Spin & Go, like a lot of other formats, but at SpinLegends we prioritise performance over results.
That is why eligible SpinLegends players can apply for EV Insurance. This is where you get paid based on your cEV rather than your cash results, so for example:
- You are running bad. You lost $1,000, but your $EV is $2,500. We send you $3,500. Now, we can split $2,500 according to your normal deal. You don't get any reloads, of course.
- You are running hot. You won $4,500, but your $EV is $2,500. You send us $2,000 and we split $2,500 according to your deal. No fees in this case.
- Top jackpots (120x, 240x and 12000x) are not included in the insurance. In case you win $6,000 on $30s and you have a EV of $2,400 for the month, we split the 6k straight away to your normal deal. The other spins we calculate as in the examples above. This means the EV insurance has a slightly higher effective rake: 6.94% on 30s, instead of 6% and 5,94% vs 5% on 60s+, which is not a real rake increase as you still have your jackpot Spins separately.
Real world examples
This is how it would have worked for two players currently at SpinLegends:
- You have an cEV of 52 at $30s and you play 3,300 Spins/month. You are generating $2,700 with our insurance + $1,020 in EV in jackpots, which stay high variance. Let's say you are playing on a 50% deal. You can cashout $1,350 guaranteed plus half your jackpot winnings.
- You are grinding $100s with 43 cEV and 2,900 games / month. You are generating $6,000 with our EV insurance + $2,800 in EV in jackpots. With a 50% deal, you can cash out $3,000 guaranteed plus half your jackpot winnings.
In both cases you can keep your rakeback on top as you are playing 1,500 games with >2% EVRoi.
This is not a mandatory new arrangement, it has to be agreed every month between SpinLegends and the players. It is open to players who play $30 Spins or above, average 1,500 games a month and has a minimum cEV requirement based on your current stake.
We can't take the luck out of poker (nor would we want to because it would no longer be profitable) but we can reward consistency and reduce variance for our hardest working players.
What is it like playing with EV insurance?
We spoke to SpinLegends member simon6184 to find out what grinding with EV Insurance is like in practice.
What made you choose EV Insurance?
: As a professional poker player, you always like to reduce the variance and prefer a steadier monthly income. In the past six six months before the EV Insurance started I ran massively under EV, so I was really looking for an opportunity to get paid by the performance at the poker table than by the results of the spinning wheel.
What mental game issues did you struggle with and how has it impacted them?
: I think in the past I have reduced my level of tilt more and more, even before the EV insurance started. Now having an insurance against “bad beats” in all-in situations reduces the level of stress even more. Despite all that, when you are running good and your self confidence is high you might still make some better decisions here and there.
Have you been on any big downswings since EV insurance, how are they different?
: In September I lost more than $10k in a few weeks and it still feels very bad to lose “almost every hand”. But knowing that your own loss is limited, probably reduces the fear of larger financial consequences, which might lead to tilt in the next step. So being able to stay at my limit with a more clam mind, will probably have increased my overall results during and after that downswing.
Thinking about getting staked?
The most reliable way to climb the Spin & Go ranks is by joining SpinLegends. We provide the bankroll, world class coaching, support and you also get to rail your fellow SpinLegends members.
As soon as you show promise we move you up in stakes and we even take variance out of the equation with EV Insurance.
