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 »
Jul 25
Subliminal Practices
Casinos use a variety of subliminal practices to ensure they get the maximum amount of money from visitors before they get anywhere near a gaming table.
Casino design is no accident. Almost every feature is built in with profit in mind. Exteriors are lavish and use every marketing trick to get players to walk through the door. This is taken to the extreme in Las Vegas, where shows put on outside the casinos get people to stop and watch, and, hopefully, go inside. Read the rest of this entry »
Jul 25
Gaming is all about winning and losing, so it makes sense to manage your money effectively. It is very easy to get carried away by the excitement, and lose your stake. By understanding the rules of the game, the odds paid, the chances of winning, and when to quit, players can ensure their casino experience is pleasant.
Gambling should be treated like any other form of entertainment. Expect to spend your money and have a good time doing so. Unfortunately most gamblers not only want to win, they actually expect to win and can take it extremely badly when they lose. Once the initial stake has been lost, they attempt to get it back by making increased bets. Most gamblers do not keep records of how much they win or lose. Big wins are fondly remembered, while losses tend to be forgotten. Even professional gamblers can delude themselves into thinking they either always win or break even. Read the rest of this entry »
Jul 24
Casinos offer a choice between games of skill, where the player can affect the outcome; and chance, where players have no input and rely on luck.
Games of chance include roulette, slots and punto banco. Once players have decided what numbers to play there is no further action to take.
Poker and blackjack are games of skill. As players make all the decisions about taking cards, they are able to use their intelligence to win. With games of skill, a combination of knowledge and experience can make the difference between winning and losing. Read the rest of this entry »
May 14
At one point Ungar raised seven hands in a row. No one called. Was he bluffing? Of course he was — some of the time. Everyone knew that. But no one knew when. Every contestant hoped one of his opponents would be eliminated first. It didn’t matter which one. Every time someone was knocked out, the surviving players climbed another rung on the pay ladder. Ungar knew that.
Ungar’s mastery of the table seemed palpable. He was a shark among a school of fish, and he sensed blood in the water. Bao, short on chips the entire day, was the first to fall — eliminated by Judah. By 1:30 p.m. Ungar had more chips than his remaining four opponents combined. 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 »
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