Aug 11
Poker conjures up images of saloons in the old West where hustlers and gun fighters did battle. It seems that no Hollywood Western is complete without a gunfight over a poker game, but this way of life was often the reality for professional gamblers in the Wild West. In 1876 one of the west’s most famous lawmen, James Butler ‘Wild Bill’ Hickok, lost his life in a poker game in Deadwood, South Dakota. To this day his last hand — a pair of aces over eights — is known as the ‘dead man’s hand‘. Read the rest of this entry »
Aug 09
Hollywood movie stars Cary Grant and Raquel Welch performed the opening ceremony when Ballys was built in 1973, at a cost of $100 million.
In 1981 a second tower was added and the hotel was expanded to over 2800 rooms. Now owned and operated by Park Place Entertainment, the Art Deco interior recently had a $72 million restoration. The complex includes restaurants and a shopping arcade. Read the rest of this entry »
Aug 05
Each player receives two cards face down. Five cards are placed face up in the centre of the table. These cards are called community cards and are used by all the players. Each player uses a combination of the two cards in his or her hand and the five community cards to make the best possible five-card hand. Read the rest of this entry »
May 29
Computing your win or loss rate is simple: Divide the amount of money won or lost by the number of hours you’ve played.
This calculation shows you the average amount won or lost per hour played. In statistics, that figure is called the mean. If you play in different games, you might want to keep records on a game-by-game basis (to determine whether you’re doing better at Hold’em, Lowball, or Omaha) as well as on an overall basis.
All averages are not created equal
Knowing how much you are winning or losing on an hourly basis is important. But it is also important to know whether the mean is representative. In other words, is the mean a good indicator of the data it represents? Read the rest of this entry »
May 23
How large a bankroll do you need to outlast any bad run of cards and ensure that you’ll never go broke? This question comes up repeatedly whenever poker players start talking.
While “How big a bankroll . . .” is a complex issue that can’t be resolved by applying a rule or formula, there is one fact you can bank on with absolute certainty: If you are not a winning player, your bankroll will never be large enough. To eliminate the possibilities of ever going broke, losing players need a big enough bankroll to outlast their life expectancy. Without one, they’ll find themselves regularly infusing their playing stake with fresh cash. Read the rest of this entry »
May 09
Getting lots of practice quickly
Here’s another fabulous timesaver available in some of the Wilson Software programs. Once you set up a game and click to start it, a screen instantly pops up to ask whether you want to be dealt random hands, hands worth at least a call, or strictly raising hands. (Now don’t you just wish you could do that in a real game?)
The zipping and hand-skipping features enable you to play 60,000 hands — the equivalent of a full year’s play in a live game at 30 hands per hour, eight hours per day — in a quarter of that time (or less). It’s a lot like typing; you’ll get faster and faster as you practice. How many hands can you play per hour? Except for those hands you elect to play out, your speed will be limited mostly by how fast you can click that mouse. Read the rest of this entry »
May 09
Computer poker programs have come of age. The best programs offer interactive learning opportunities that were unavailable only a few years ago. Improved versions are hurtling down the pipeline at warp speed, each leaving its predecessor light-years behind. The realism of contemporary programs has largely negated statements made by poker gurus only a few years ago:
“I suspect poker is just too difficult a game to program reasonably well,” wrote one expert in 1996. At about the same time, another expert wrote that computer opponents were unable to learn from events in previous hands when making decisions, something a human player always does (or should). Read the rest of this entry »
May 07
What the games are like
Most Internet play-money games are loose action games. (That’s putting it mildly!) Players enter pots with guns blazing, firing bets and raises at will. Much of this activity is just smoke and mirrors, but when the smoke clears, someone will have made a hand. Don’t expect to win a pot without a struggle!
There are many family pots (pots in which all players participate in the action), and you won’t find many wallflowers sitting on the sidelines hand after hand. Betting is frequently capped (when players put in the maximum number of raises allowed). Hang on for the ride — if you have a hand. Read the rest of this entry »
May 04
Online poker casinos offering real-cash games often offer introductory play- money games. These are a great place to start. Here’s why:
Because they are meant to get clients used to the graphics and procedures of cash stakes games, these play-money games are user-friendly by design. You’re a potential cash client, and the online casino hopes to expand its business by making you feel welcome and comfortable.
Although the games are remarkably easy to use, the programming and graphics are highly sophisticated — they’re identical to those used in the money games. Overall, the games are far superior to games offered at Internet sites intended strictly for entertainment. Read the rest of this entry »
May 04
When it’s your turn to act, an opponent conspicuously staring in your direction is likely acting. This usually is a dare, an attempt to prevent your bet through intimidation. The opponent may call but will almost never raise. This means that you can bet any medium-strong hand with impunity, not fearing a raise.
So, instead of being intimidated by an opponent staring you down, simply consider that you can make more borderline bets for profit when you hold marginally strong hands. Read the rest of this entry »
Apr 29
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 »
Apr 28
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 »
Apr 25
Using Statistics to Predict Your Expectations
If you think you can beat the games you intend to play in for a living but aren’t certain, you can use statistics to help you assess what you might expect to win over the long haul. This involves calculating your standard deviation and using it to assess the kind of results you might achieve.
Let’s say that after 900 hours of playing $20—$40 Hold’em, your standard deviation is 20 small bets per hour, which is equivalent to $400. Everyone’s standard deviation is different. Yours will depend on a number of factors, including your playing style, your opponents’, and how aggressive or passive the game is. Read the rest of this entry »
Apr 24
Practice with Computerized Software
No matter how many hands you play at the table, using software like Wilson Software’s Turbo Texas Hold’em to practice against lifelike opponents and run simulations that will test your own theories will help you make rapid progress in your development as a poker player.
Computers can do things humans don’t have the time to accomplish. We’ve run experiments that simulated a lifetime of poker. We could have tested that same hypothesis by playing eight hours a day, five days a week, for 30 years, but what could we accomplish with that knowledge once we finished our research? It might be helpful if poker is played in the afterlife, but we’re more concerned with earthly uses for our know-how. Read the rest of this entry »
Apr 24
Do you want to become a better poker player today? Right now? Here are ten specific things you can do today, and each one of them will improve your game.
Know Your Numbers
If you don’t learn, understand, and use poker’s mathematical parameters, it will prove difficult to be a consistent winner in the long run. For example, if you’re playing Hold’em and flop four cards to a flush but don’t know the odds against completing that hand, what will you do when it’s your turn to act?
How will you ever know whether calling, raising, or folding is a play with a positive expectation? Finding positive expectations is the essence of winning poker, and it’s no more complex than recognizing those situations that will show a profit if they could be replayed time and again. Read the rest of this entry »
Apr 23
Ali offered little resistance. Outside of a few seemingly futile jabs, he looked as if he wasn’t even trying to fight back.
But that was Ali‘s strategy. After a few rounds, the heavily muscled Foreman grew tired. He had punched himself out and was spent. Ali, by comparison, was fresh. He was also unhurt. Ali then began a counterattack. He came off the ropes and danced in the center of the ring. Ali, who was faster, peppered Foreman with jabs and stinging overhand right hands. Now it was Foreman who had nothing to offer. “What’s the matter, George,” Ali said as Foreman launched a slow, tepid punch in his direction, “Is that all you got?” Read the rest of this entry »
Apr 21
Is there a player out there who hasn’t observed that poker is a metaphor for life? That metaphor is probably one reason why poker is so popular. Not only does it frequently mirror life, poker models it. Poker is life in a nutshell. The entirety of our existence compressed into a single hand of poker is a compelling thought.
A metaphor and a model for life! If true, there should be important life lessons everyone can take away from the poker table. When learned and applied, these lessons should make it much easier for a poker player to survive in a world where most people haven’t been force-fed these life-lessons across the poker table.
Being Selective and Aggressive
In the real world you do have to pick your battles, just as you must in poker. Sometimes you have to draw your proverbial line in the sand (”You’ve gotta know when to hold ‘em“); other times you have to carefully choose when to retreat (”Know when to fold ‘em”). Read the rest of this entry »
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