Pokerstars Cash Out

// News, Online Poker Action

Poker is very much a game of logic and math, but for whatever reason, most poker players believe in some sort of completely unreasonable theory or see patterns where patterns do not exist. An early one for me was that A-2 suited was an amazing hand because you have an ace and you can make a flush and you can make a straight! My current stupid belief is that when I get it all in with the best of it, I am definitely going to lose. And I am definitely, definitely going to lose if I have aces against kings. The third king is totally going to rear its ugly head. Fortunately for us pessimists, PokerStars announced the launch of the All-in Cash Out feature yesterday, enabling us to wiggle our way out of all-in situations with our sanity intact.

A new feature looks set to come to PokerStars ’ cash game offering after the world’s biggest online poker site rolled out the All-In Cash Out feature on its.NET play money site. This new feature. Real money withdrawals in your account are accepted in several ways. Read our terms and conditions for monetary transaction processing and find out more.

In theory, All-in Cash Out, which was tested for a couple of weeks on the PokerStars.net play-money client, is simple, but in practice, it can get a bit confusing, so let’s start unpacking everything.

Considering the amount of pot I lost on rivers at 90%-95% on turn, this cash out feature is amazing. In fact, I just used it yesterday. It went all in after the turn, I had a straight, he had 2 pairs. The pot was a clean 100$ and I was sitting at 90% chance to win everything. I immediately cached out.

I want my money and I want it now

The All-in Cash Out feature will present itself when a player is all-in, there is a call, and there is no further action pending. All that is left to come are the rest of the community cards. At that point, play is paused so the involved players can decide if they want to cash out or continue play.

If they both choose to continue (and we will just go with the hand being heads-up at this point because it is easier), the hand plays out as normal. No problem.

If either player opts to cash out, they receive a percentage of the pot proportional to their probability of winning the hand. This probability is displayed on the table. So, if Player A is 80 percent to win and the pot is $10, PokerStars will pay him $8. PokerStars also takes a 1 percent fee from the player’s payout, so Player A would actually receive $7.92.

Note that I said that “PokerStars will pay” the players who choose to cash out. This is important. The money does not come from the pot. The big reason for this is if only one player cashes out, that means the other player chose to resume, so he is still eligible to win the pot. In our above scenario, if Player B decided to resume and won the hand, he would scoop the entire pot as he would have done without the All-in Cash Out feature. After all, it wouldn’t be fair if he only got 20 percent when he didn’t hit the cash out button.

PokerStars has a stake in the hand

As you might be able to tell, this means that PokerStars can actually lose or win money in a hand aside from the rake and the 1 percent fee. If one player cashes out and that player wins the hand, PokerStars gets the pot, as the losing player can’t get it and the cash-out player is no longer eligible to win it. Using our example, the cash-out player received $7.92 from PokerStars (I am ignoring the regular rake) and PokerStars took the $10 pot. PokerStars profited $2.08.

If it is the reverse situation and the cash-out player loses, the other player gets the pot. In this case, PokerStars still paid the cash-out player $7.92, but Stars doesn’t get anything else, so PokerStars actually loses money.

If both players cash out, PokerStars pays them and takes the pot, profiting because of the 1 percent fee.

In an All-in Cash Out scenario, players are effectively playing against the house, something we are not used to in poker.

PokerStars is very aware of this last point and addressed the matter in a blog post:

Would PokerStars manipulate the cards in order to get the result that is most beneficial to us?

Absolutely not.

In no way whatsoever will PokerStars manipulate the dealing of any cards. The only way that PokerStars will make any direct revenue from this feature is through the 1% surcharge. While PokerStars will take the pot in hands where a player has Cashed Out but then goes on to win the hand, overall the number of pots won and lost will balance out according to Expected Value (EV).

Therefore, PokerStars will only break even in this regard, and subsequently the only revenue we will receive will come from the 1% surcharge.

“PokerStars has developed a reputation over almost 20 years. There is absolutely no way we would risk this by attempting to influence any results,” the world’s largest online poker room added. “The potential downside is far greater than any potential upside. It simply does not make business sense, and when coupled with the fact that PokerStars is highly regulated, be assured that the dealing of cards will remain as random as it has always been.”

All-in Cash Out at lowest stakes, limit game types

The All-in Cash Out feature is only available at micro-stakes cash tables, consisting of $0.01/$0.02, $0.02/$0.05, and $0.05/$0.10 stakes. It is also limited to No-Limit Hold’em, Pot-Limit Omaha, and 6+ Hold’em games. While it is in play at all of these tables – there are not specially-marked tables for All-in Cash Out – players can change their settings to not even have it come up as an option. Of course, other players may still use it, so strategies could need to be adjusted accordingly.

Additionally, though many in the poker community were afraid that this meant the demise of the Run It Twice option, PokerStars has said that Run It Twice is, in fact, still available.

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PokerStars’ game-changing new feature “All-in Cash Out,” exclusively revealed by pokerfuse, is expected to roll out to real-money tables, PokerStars has confirmed.

All-In Cash Out is just the equivalent of running it infinite times.The innovative and unique feature by PokerStars is currently only available at play money tables, but the feature is expected to be offered at real money cash tables in the near future.

All-in Cash Out works like insurance allowing cash game players to trade in their equity for cash when they are all-in with no further action pending.

Once a player goes all-in, they are presented with two options—Resume or Cash Out. Upon choosing the Cash Out option, players immediately receive a share of the pot based on their equity in the hand, minus a 1% premium charged by the room. Once they pick this option, they are no longer eligible to win the pot.

For instance, a player with a hand that is an 80% favorite to win in a $100 pot will have the option to take a guaranteed cash amount of $79.20. It is worth noting that the 1% fee is based on players’ equity and not the entire pot.

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The equity in the hand is then transferred to PokerStars which can either win or lose based on the final outcome of the hand.

For example, if the all-in player from the example above opts to cash out but wins the hand, PokerStars profits $21.80 (the difference between the $100 pot and the amount they paid the player for the equity in their hand). Conversely, if the cashed out hand does not win the pot, PokerStars is out the $79.20 already paid to the player.

If both the players (or more) choose to resume the hand, the game works normally and the pot goes to the player who wins the hand.

In many ways, All-in Cash Out is a more advanced version of ‘Run It Twice’, but without the requirement for both players to agree.This equity cash out feature is being introduced to allow players the opportunity to reduce their variance and avoid big downswings. It is currently available at select 6-Max NLHE tables on the play-money client. Players have the ability to disable the All-in Cash Out option by simply turning it off in the Settings menu.

Pokerfuse sat down with PokerStars’ Director of Poker Product, Chris Straghalis to learn more about the potential game-changing feature and the plans for its rollout to real-money tables.

What was the motivation to offer All-in Cash Out? What segment of your customer base do you expect All-in Cash Out to appeal to the most?

We’re always looking for ways to enhance our offering, in this case by responding to something that we know happens in live environments and has for years.

There was even a third-party provider who offered a similar, less-integrated solution online for some time. In many ways, All-in Cash Out is a more advanced version of ‘Run It Twice’, but without the requirement for both players to agree. It’s a great new mechanic that I expect will appeal to regular as well as occasional players who want the option to lower their variance and lock-up a share of the pot in certain situations.

Will All-in Cash Out be a feature at real money games? If so, when do you expect it to debut for real money, and at what real money games and stakes will All-in Cash Out be available?

We are currently evaluating our plans on exactly when we will roll it out and at what games and stakes, but we do expect it to become a feature of real money games.

All-in Cash Out and Run It Twice both serve to reduce variance, how will the two features coexist?

Pokerstars App

Run It Twice will remain available and work as you might expect: if both players have Run It Twice and decline Cash Out, we’ll run the cards twice as usual. If one player decides to Cash Out, the board will only run out once.

Pokerstars Cash Out

Reaction to the new feature has been mixed within the poker community. How do you respond to the criticism that All-in Cash Out takes some of the fun out of the game and adds incentive for players to collude?

It’s probably best to answer this in two parts.

Run it Twice has been in play for some time now. All-In Cash Out is just the equivalent of running it infinite times. In fact, because All-In Cash Out is optional, it enhances the RIT feature. It only requires one player to opt-in, with more opportunity for players to weigh up the value and decide that the benefits of reducing variance outweigh the 1% on their EV.

Collusion is, of course, something we continuously consider and prepare for. It’s against our terms of service and we have detection [and other] systems in place that we’ve designed specifically to address and prevent it.

Can players expect to see a similar insurance feature for tournaments from PokerStars in the near future?

Pokerstars For Real Money

There are no current plans to have a similar feature for tournaments.