A wide choice of bets can be played on craps, some of which are better value for the player than others. Before betting it is best to compare the difference in house advantage (the profit made by the casino) for each bet. The best-value bets are the pass/don’t pass and come/don’t come bets. These allow the player to make an additional bet called odds. By playing the odds bets, the house advantage is reduced to less than one per cent. Read the rest of this entry »
Situated in the Horseshoe Hotel on Fremont Street in downtown Vegas, Binion’s gives a taste of how gambling used to be in the Old West. Opened in 1951 by Benny Binion, a former Texas bootlegger and gambler, the casino evokes the atmosphere of a traditional gambling hall — no shows, no music, just gambling. Minimum stakes are $2 on blackjack and $1 on craps. The poker tables are not for beginners though, as many professional players make their living here. Read the rest of this entry »
How much money do you need to keep from going broke if you’re a professional and poker is your paycheck?
A professional poker player should realize that every dollar she wins will not be added to her bankroll. After all, she has to pay rent and buy groceries just like anyone else, and her only source of income is her winnings. Lose, and she pays her bills the only way she can: by dipping into her bankroll. But there’s a limit to how deeply she can dig without putting herself in jeopardy. Read the rest of this entry »
The main event is what draws the crowds to Las Vegas, and the 1997 and 1998 World Series of Poker were more dramatic than most. One event is the thrilling yet ultimately sad tale of an incredible comeback, the other a quintessential American success story.
Stu Ungar: The Comeback Kid
A dozen former world champs competed in the 1997 event, including two- time winners Doyle Brunson, Johnny Chan, and Stu Ungar, along with 27-yearold defending champion Huck Seed. Formerly an engineering student at Cal Tech, Seed took a year’s sabbatical to play poker and never returned. Read the rest of this entry »
Phil Hellmuth, Jr.
The self-described “poker brat” is one of poker’s most intriguing, yet controversial players. At times, he demonstrates a level of ingenuity that is rare, even among high-stakes poker players. On other occasions, Hellmuth admittedly plays so poorly he probably couldn’t beat a small-stakes game. Originally from Madison, Wisconsin, Heilmuth is the son of a university dean. He started playing poker seriously while enrolled at the University of Wisconsin and soon discovered he was far more interested in playing poker than studying. Read the rest of this entry »
One of Las Vegas’s last true patriarchs, Benny Binion started out by running illegal bootlegging and gambling rackets in Dallas during the 1930s. Binion arrived in Las Vegas in 1946 (some insist to evade murder charges back in Texas) and bought the dilapidated Eldorado Casino. He renamed it Binion’s Horseshoe, and it soon became the epicenter of gambling activity. The Horseshoe wasn’t really built for common tourists; it was a place for real gamblers.
For more than four decades, Binion had a standing public offer: He would accept a wager of any size, from anyone who walked into his casino. More than a few eccentrics were entranced by Binion’s willingness to take the ultimate gamble, and there are many stories in Binion’s folklore (all true) of high- rollers with suitcases full of money riding on a single roll at the craps table. But Binion’s first love was poker. Read the rest of this entry »
Poker is the only popular game of skillful human interaction where it’s possible on any given day to play against the world’s best players. At any of the hundreds of major poker tournaments held in the United States or Europe every year, you could find yourself face-to-face against former world champions such as Scotty Nguyen, Phil Hellmuth, Jr., or Huck Seed. Ever heard of them? How about T. A. Preston? Name sound familiar? He’s better known as “Amarillo Slim.” If No-Limit Texas Hold’em is your game, you might get raised by none other than Johnny Chan, who appeared in the film, Rounders. Chan won two World Series of Poker titles back to back! Read the rest of this entry »
Bookstores are filled with self-help books. Seminars galore promise to teach you how to be a winner in business, in love, and in your personal life. Some of these same principles can make you a winner at the poker table. Here are ten you may want to think about.
An outrageous image at the table may work for some people but not for others. Some players are better suited to tournaments, others to ring games (cardrooms). Play your best game and play within the confines of your own comfort zone. In other words, know yourself, and do what you do well. Read the rest of this entry »
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