Costly but worthwhile cover ... or STUPIDITY

Taking insurance appropriately can make you big $$$$ (or more accurately, save you big $$$$). However, when you take this insurance with the big bet out there ... especially with a stiff, a neon "COUNTER" sign appears on your forehead.

Assuming a good spread (i.e. 4 or 5 : 1 in SD), how much would it cost you to always take insurance. The upside would be to increase your longevity at the tables without heat. The downside, of course, would be the monetary hit you take with the bad insurance bet.

HOWEVER ..... with a good spread, you would be taking favorable insurance on the significantly larger wagers, and the unfavorable insurance on the little bets. Would you be losing money overall in this scenario?

Thanks in advance.

Leapus