You are surfing posts written in January, 2009

Posted in Resources at 12:24 pm on 22 Jan 2009

Jesse May

Celebrity Poker Club is a British television show featuring celebrities playing poker. The program debuted on Challenge TV in 2003 as a spin-off to the popular Late Night Poker series. “Gentleman” Liam Flood is the casino manager for the program, and Cayt Dear is the producer.

Other celebrities featured have included Dave Gorman, Rory McGrath, Dexter Fletcher, Dennis Taylor, Louise Wener, Nick Leeson, Howard Marks, Charles Ingram, Martin Amis, Al Alvarez, Phil Taylor, Raj Persaud, Hattie Hayridge, Johnny Vegas, Darren Campbell, Phil Daniels, Graham Linehan, Ally McCoist and Michael Praed.

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Video: Team Mysterio LIVE “1736 FCC Celebrity Poker “

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Posted in Gambling at 4:58 am on 22 Jan 2009

Because religious authorities generally frown on gambling to some extent, and because of various perceived social costs, most legal jurisdictions censure gambling to some extent. Islamic nations officially prohibit gambling; most other countries regulate it. In particular, in the majority of circumstances – and perhaps all cases – the law does not recognise wagers as contracts, and views any consequent losses as debts of honour, unenforceable by legal process. Thus organized crime often takes over the enforcement of large gambling debts, sometimes using violent methods.

Because contracts of insurance have many features in common with wagers, legislation generally makes a distinction, typically defining any agreement in which either one of the parties has an interest in the outcome bet upon, beyond the specific financial terms, as a contract of insurance. Thus a bet on whether one’s house will burn down becomes a contract of insurance, as one has an independent interest in the security of one’s home.

Furthermore, many jurisdictions, local as well as national, either ban or heavily control (license) gambling. Such regulation generally leads to gambling tourism and illegal gambling – the latter often under the auspices of organized crime. Such involvement frequently brings the activity under even more severe moral censure and leads to calls for greater regulation. Conversely, the close involvement of governments (through regulation and gambling taxation) has led to a close connection between many governments and gambling organisations, where legal gambling provides much government revenue.

There is generally legislation requesting that the odds in gambling machines are fair (i.e. statistically random), to prevent manufacturers from making some high-payoff results impossible (since these have very low probability, this can quite easily pass unnoticed).

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Video: The Bloomberg Insight: Betting Against Treasuries

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Posted in Poker equipment at 2:29 pm on 21 Jan 2009

One dollar chips from various Las Vegas casinos. One dollar chips from various Las Vegas casinos.

Casino poker chips are special tokens representing a fixed amount of money. Especially in cardrooms and casinos, poker chips are also known as checks.

Construction and design

Poker chips are fabricated with complicated graphics and edge spot patterns intending to make them difficult to counterfeit. The process used to make these chips is a trade secret and expensive – typically done on high pressure compression molding machines.

The typical material of construction is not clay as is sometimes believed, but a ceramic material with clay added for texture and weight. The breakable, clay chips of the 1960s and 1970s are no longer manufactured. The clay composition of modern chips varies by manufacturer, and is typically very slight (1-10%).

The chips used in American Casinos generally weigh between 9.5 grams and 10 grams each. The chips sold for home use vary much more, depending on manufacturer and construction.

Common designs for home use depict the six faces of a dice or the suit symbols around the edge of the chip. They are typically manufactured with injection molding technology using ABS plastic. Some chips are molded around a small metal disc, called a slug, for weight.

Cigar Aficionado article on Collecting Chips includes more on their manufacture;[1]

set_of_poker_chips_in_case A set of injection molded ABS poker chips “hot-stamped” with denominations 100, 50, 25 & 10

Colors

The most common colors used at United States casinos to differentiate between chip denominations are:

  • White or blue, $1
  • Pink, $2.50
  • Red, $5
  • Blue, $10
  • Green, $25
  • Black, $100
  • Purple, $500

$2.50 chips are almost exclusively used for blackjack tables, since a natural typically pays 3:2 and most wagers are in increments of $5. However, the Tropicana Casino in Atlantic City, New Jersey has used pink chips in $7.50-$15 and $10-$20 poker games. Low-denomination yellow chips can vary in value: $20 by statute in Atlantic City and Illinois (which, oddly, also uses “mustard yellow” $0.50 chips [2]); $5 at most Southern California poker rooms; $2 at Foxwoods’ poker room in Ledyard, Connecticut and at Casino del Sol in Tucson, Arizona; and $0.50 at Potawatomi Casino in Milwaukee, Wisconsin. Blue chips are occasionally used for $10, most notably by statute in Atlantic City. In Las Vegas and California, most casinos use blue or gray for $1 chips.

Chips are commonly available in $1000 denominations, depending on the wagering limits of the casino in question. Such chips are often yellow or orange and of a large size. Las Vegas, Atlantic City, and other areas which permit high wagers typically have chips available in $5000, $10000, $25000, and higher denominations; the colors for these vary wildly.

European casinos use a similar scheme, though certain venues (such as Aviation Club de France) use pink for €2 and blue for €10. European casinos also use plaques rather than chips for high denominations (usually in the €1000 and higher range).

Casino-style chips can be bought for home games, but the price is approximately $1 per chip.

Generic poker chip sets can be bought at a much lower price, less than $0.20 per chip. These simulate the weight and feel of casino chips, but are of a very inferior quality.

Poker chips A standard 300 piece set of ABS plastic chips

Security

Each casino has a unique set of chips, even if the casino is part of a larger company. This distinguishes a casino’s chips from others, since each chip and token on the gaming floor has to be backed up with the appropriate amount of cash. In addition, with the exception of Nevada, casinos are not permitted to honor another casino’s chips.

The security features of casino chips are numerous. Artwork is of a very high resolution or of photographic quality. Custom color combinations on the chip edge (edge spots) are usually distinctive to a particular casino. Certain chips incorporate RFID technology, such as those at the new Wynn Casino in Las Vegas.

Counterfeit chips are rare. High levels of surveillance, along with staff familiarity with chip design and coloring, make passing fake chips difficult. Casinos, though, are prepared for this situation. According to wizardofodds.com, on one such occasion, the casino removed all chips from the gaming floor and replaced them with new sets with alternative markings, which resulted in the arrest of the attempted counterfeiters.

Casino chips used in tournaments are usually much cheaper and much simpler in design. Because the chips have no cash value, usually chips are designed with a single color (usually differing in shade or tone from the version on the casino floor), a smaller diameter, and a basic mark on the interior to distinguish denominations; however, at certain events (such as the World Series of Poker or other televised poker), chips approach quality levels of chips on the floor.

Authentic clay chip manufactured by Blue Chip Co for home use Authentic clay chip manufactured by Blue Chip Co for home use

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Video: Poker Chip Trick Tutorial DVD Trailer

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Posted in Poker jargon at 9:38 am on 20 Jan 2009
A-B-C, A-B-C-D
  1. A sequence of the lowest cards in a lowball game. For example, the hand 8-6-3-2-A might be called an “eight-six-a-b-c”.
  2. Uncreative or predictable play. He’s an a-b-c player.
ace-to-five, ace-to-six
Methods of evaluating low hands.
aces and spaces
A hand with one pair of aces, and nothing else. Used derogatorily, especially in games such as seven-card stud, where two pair is a typical winning hand.
action
  1. A player’s turn to act. The action is on you.
  2. A willingness to gamble. I’ll give you action or There’s plenty of action in this game
  3. A bet, along with all the calls of that bet. For example, if one player makes a $5 bet and three other players call, he is said to have $5 “in action”, and to have received $15 worth of action on his bet. Usually this term comes into play when figuring side pots when one or more players is all in.
action button
A marker similar to a kill button, on which a player places an extra forced bet. Typically in a stud game, a player is required to post an amount representing a completion of the bring-in to a full bet. For example, in a stud game with $2 and $4 betting limits and a $1 bring-in, a player with the action button must post $2; after the cards are dealt, the player with the low card must still pay the $1 bring-in, then when the betting reaches the player who posted the $2, he is required to leave it in as a raise of the bring-in (and has the option to raise further). Players in between the bring-in and the action button can just call the bring-in, but they know ahead of time that they will be raised by the action button.
action player
Euphemism for a less skillful player who bets and calls frequently with inferior hands. Also called an “Action Junkie” (derogatory).
add-on
In a live game, to buy more chips before you have busted. In tournament play, a single rebuy for which all players are eligible regardless of their stack size. This is usually allowed only once, at the end of the rebuy period.
advertising
To make an obvious play or expose cards in such a way as to deliberately convey an impression to your opponents about your style of play. For example, to make a bad play or bluff to give the impression that you bluff frequently (hoping opponents will then call your legitimate bets) or to show only good hands to give the impression that you rarely bluff (hoping opponents will then fold when you do).
aggressive
A player who frequently bets and raises. Compare to “passive”.
Ainsworth
A term used in hold’em; 6 – 2 as a player’s first two cards.
air
In a lowball game, “giving air” is letting an opponent who might otherwise fold know that you intend to draw one or more cards to induce him to call.
all in
Having bet one’s entire stake.
all blue/all pink
A flush, “blue” usually referring to black suits and “pink” to red ones. Occasionally one hears “all green” or “all purple”.
Alligator blood
A tough player who plays well under pressure is said to have “alligator blood”.
ammo, ammunition
Chips in play. I’m going to need more ammo for this game. Compare to “fire”.
angle
A technically legal, but borderline unethical, play. For example, deliberately miscalling one’s own hand to induce a fold, or placing odd amounts of chips in the pot to confuse opponents about whether you mean to call or raise. A player employing such tactics is called an “angle shooter”.
Anna Kournikova
In Texas Hold ‘Em, referring to a player who is dealt A-K for his or her pocket cards and never having the hand improve. This parodies Anna Kournikova in that the hand looked good, but didn’t win.
ante
Once meaning a first-round bet, now a type of forced bet before cards are dealt.
ante off
In tournament play, to force an absent player to continue paying antes, blinds, bring-ins, or other forced bets so that the contest remains fair to the other players. Go ahead and take that phone call. We’ll ante you off until you get back. Also “blind off”.
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Posted in Tournaments, Uncategorized at 4:55 am on 20 Jan 2009

Poker tournament

In a typical tournament, a player pays a fixed entry fee (called a buy-in) and receives, in return, a certain quantity of in-game currency, called play money, invariably represented in the form of poker chips. Typically, the amount of play money given each player is an integer multiple of the buy-in. Only this in-game “play” money can be used in the game, real money cannot. Additionally, real and play money cannot be interchanged at any time. Some tournaments, however, offer the option of a re-buy; this gives players the option of purchasing more chips. In some cases, re-buys are conditional (for example, offered only to players low on chips) but in others they are unconditional, or offered to all players. When a player has no chips remaining (and has exhausted all re-buy options, if any are available) he or she is eliminated from the tournament.

In most tournaments, the number of players at each table is kept even by moving players, either by switching one player or (as the field shrinks) taking an entire table out of play and distributing its players amongst the remaining tables. A few tournaments, called shoot-outs, do not do this; instead, the last player (sometimes the last two or more players) at a table moves on to a second or third round, akin to a single-elimination tournament found in other games.

The prizes for winning are usually derived from the entry fees, though outside funds may be entered as well. For example, some invitational tournaments do not have entry fees. (These tournaments are referred to as freeroll.) Play continues, in most tournaments, until all but one player is eliminated, though in some tournament situations, especially informal ones, players have the option of ending by consensus.

Players are ranked in reverse chronological order — the last person in the game earns 1st place, the second-to-last earns 2nd, and so on. This ranking of players by elimination is unique amongst games, and also precludes the possibility of a tie for first place, since one player alone must have all the chips to end the tournament. (Ties are possible for all other places, though they are rare since the sole tiebreaker is the number of chips one has at the start of the hand in which one is eliminated.)

Sometimes tournaments end by mutual consensus of the remaining players. For example, in a ten-person, $5 game, there may be two players remaining with $29 and $21, respectively, worth of chips. Rather than risk losing their winning, as one of them would if the game were continued, these two players may be allowed to split the prize proportional to their in-game currency (or however they agree).

Prizes are awarded to the winning players in one of three ways:

  • Fixed: Each placing corresponds to a certain payoff. For example, a ten-person, $20 buy-in tournament might award $100 to the first-place player, $60 for second-place, $40 for third, and nothing for lower places.
  • Proportional: Payouts are determined according to a percentage-based scale. The percentages are determined based upon the number of participants and will increase payout positions as participation increases. As a rule, roughly one player in ten will ‘cash’, or make a high enough place to earn money. These scales are very top-heavy, with the top three players usually winning more than the rest of the paid players combined.

Tournaments can be open or invitational. The World Series of Poker, whose final event (no limit Texas Hold ‘Em) is considered the most prestigious of all poker tournaments, is open.

Satellite tournaments to high-profile, expensive poker tournaments are the means of entering a major event without posting a signifcant sum of cash. These have significantly smaller buy-ins, usually on the order of one-tenth to one-fiftieth the main tournament’s buy-in. Top players in this event, in lieu of a cash prize, are awarded seats to the main tourney, with the number of places dependent on participation. Chris Moneymaker, who won the 2003 World Series of Poker, was able to afford his seat at this event by winning an Internet tournament with a $40 buy-in. Greg Raymer, 2004 World Series of Poker champion, acquired his seat via a $165 Internet tournament.

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Video: Poker Tournament Strategy Videos

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Posted in Public cardrooms at 2:46 am on 19 Jan 2009

Poker Tournament

People can play poker at public cardrooms. While the rules of the tables can change from casino to casino, most have similar rules and regulations.

Records

Some casinos keep records of the players at each table. This is done to help manage limited table space. During peak periods (Friday night), there may be a waiting list for poker seats. Players can get on multiple waiting lists (different types of games and money amounts) to help secure a space.

Chips

Some casinos will players buy their chips at the table, while others require players to have them already exchanged from the cashier elsewhere in the casino.

Betting

Betting rules at each casino vary based on blinds and antes. In some games, not everyone antes every hand, thus making it possible to fold early for “free”.

The betting system used by most casinos is what is commonly called “blind tiger”. In hold’em, the player to the left of the imaginary dealer (signified by a button) places a small blind bet regardless of his hand. Then, the player to the left of the small blind places a big blind bet. The blind amounts vary: an example would be $3 for the small blind and $6 for the big blind. The person to the left of the big blind would then start the betting; he would have to either match the big blind bet or raise to a larger amount.

In Stud, everyone places a small ante after getting their starting cards. Then, the player with the low exposed card usually has a forced initial bet. The ante is a smaller amount than the bet of the person with the low card (about 40% of a betting unit). Resulting players would have to match that bet or raise to a larger amount.

The maximum betting or raising amounts depend on the limits placed in. In limit poker, a player can only raise the amount of the big blind initially. The maximum amount of raises per street (card placed by dealer) is usually 3 to 4. The betting or raising amount usually doubles in later streets.

With no-limit poker, a person can bet the total number of chips he has at the table at any time. In pot-limit poker, a person can bet as much as the amount of chips at the pot.

Profitability of poker for casinos

Casinos make a relatively slim profit margin on the game. Whereas slot machines provide a substantial house percentage, poker tables require dealers, waitresses, cigarette girls, and a manager to keep everything running smoothly. The house supports this with a “rake” (a percentage taken from every pot). This can range from 5%-10%; usually with higher rake games, a limit is placed on how much the house can rake (10% with a limit of $5).

With the recent upsurge in poker’s popularity, more casinos offer live poker. They make money both from the rake and from attracting people to the casino, where they may play other games (craps, roulette, etc.)

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Video: Asian Poker Tour Manila – First look at the cardroom

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Posted in Cheating in poker at 1:54 pm on 18 Jan 2009

Cheating at Poker

The easiest method for a cheat, hard or soft, requires no ability of manipulation, but rather the profound nerve to blatantly cheat. Such methods include miscalling of hands, shorting the pot, and peeking at cards. Such cheating should not be tolerated. However, it is very difficult to prove because when confronted the cheat often calls the cheating an honest mistake.

A simple and fair way to go about preventing this kind of cheating is to simply follow the rules. For example, “Cards speak” is the common expression for the rule that no matter what the player says, it is the cards that determine who wins the pot. While it’s barely legal to call a bad hand a full house in the hopes that people will give up, the players should want to see this hand: they paid to look at it. Should such honest “mistakes” occur, it is best to ask the player to leave for that evening. If it was an honest mistake, he is in no condition to play poker (put aside your greed on this one – he will come back). If he did mean to cheat, he can’t do it from outside the game and is unlikely to come back.

The minimal skill methods of cheating occur far more often than one might suspect. It is common for a player who has folded to appoint himself tender of the pot, stacking chips, counting them, and delivering them to the winning player, just so he doesn’t have to get up. Nobody seems to notice the chip palmed in the hand of this helpful player. This is called check-copping. This happens a lot. In fact, odorless adhesive can be used for this purpose. Once again, the answer is to follow the rules. Only at the showdown should a player touch the pot. In fact, it is a considerate player who obeys the rule concerning placing chips in the pot; the player does not throw the chips in the pot (splashing) but places them in an easily counted stack in the center of the table.

Cheating can happen even when the cheat does not have the deal. In draw poker, a player can discard two cards, throwing these two in the pile of discards so as to avoid counting (or if there is no pile, throw them on top of another player’s discards), while calling for three. Not only does the cheat get the one card advantage in this hand, but before the showdown, he can ditch this extra card in his lap or vest, and thereby retain this one card advantage throughout the game. In this case, it is the dealer’s job to regulate the discards, and to ensure the fairness of the process. In a way, this is the most fair. In exchange for the huge positional advantage the dealer has, he has responsibilities to occupy his time.

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Video: Poker cheat

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Posted in Probability at 2:50 am on 14 Jan 2009

Spade

In poker, the probability of each type of 5 card hand can be computed by calculating the proportion of hands of that type among all possible hands.

External links

Video: Win at Poker Using Card Counting Techniques : Probability & the Art of Winning at Poker

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Posted in Hands at 5:25 pm on 13 Jan 2009

Heart color

In poker, the starting hand is the initial set of cards dealt to each player before any voluntary betting takes place. For example, in Seven-card stud this is two downcards and one upcard; in Texas hold’em it is two downcards; in Five-card draw it is five cards.

The one decision made by every poker player on every deal of every game is whether to continue playing that hand after seeing that first set of cards. Since making this decision correctly will lead to the most long-run profit for a skilled player, players often put considerable study into what the appropriate starting hand “standards” are for the game being played.

Optimal starting hand standards can be very sensitive to factors such as the betting structure of a game, position, and the character of the other players, as well as the rules of the game being played.

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Video: How to Play Texas Holdem Poker : Premium Starting Hands in Texas Holdem

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Posted in Poker at 10:00 am on 13 Jan 2009

Truman poker chips

The history of poker is a matter of some debate. The name of the game likely descended from the French poque, which descended from the German pochen (‘to knock’), but it is not clear whether the origins of poker itself lie with the games bearing those names. It closely resembles the Persian game of as nas, and may have been taught to French settlers in New Orleans by Persian sailors. It is commonly regarded as sharing ancestry with the Renaissance game of primero and the French brelan. The English game brag (earlier bragg) clearly descended from brelan and incorporated bluffing (though the concept was known in other games by that time). It is quite possible that all of these earlier games influenced the development of poker as it exists now.

English actor Joseph Crowell reported that the game was played in New Orleans in 1829, with a deck of 20 cards, four players betting on which player’s hand was the most valuable. Jonathan H. Green’s book, An Exposure of the Arts and Miseries of Gambling (G. B. Zieber, Philadelphia, 1843), described the spread of the game from there to the rest of the country by Mississippi riverboats, on which gambling was a common pastime.

Soon after this spread, the full 52-card English deck was used, and the flush was introduced. During the American Civil War, many additions were made, including draw poker, stud poker (the five-card variant), and the straight. Further American developments followed, such as the wild card (around 1875), lowball and split-pot poker (around 1900), and community card poker games (around 1925). Spread of the game to other countries, particularly in Asia, is often attributed to the U.S. military.

The game and jargon of poker have become important parts of American culture and English culture. Such phrases as ace in the hole, ace up one’s sleeve, beats me, blue chip, call one’s bluff, cash in, high roller, pass the buck, poker face, stack up, up the ante, when the chips are down, wild card, and others are used in everyday conversation even by those unaware of their origins at the poker table.

Modern tournament play became popular in American casinos after the World Series of Poker began in 1970. It was also during that decade that the first serious strategy books appeared, notably The Theory of Poker by David Sklansky (ISBN 1880685000), Super System by Doyle Brunson (ISBN 0931444014), and The Book of Tells by Mike Caro (ISBN 0897461002).

Poker’s popularity has experienced an unprecedented spike in recent years, largely due to the introduction of online poker and the invention of the hole-card camera which finally turned the game into a spectator sport. Viewers can now follow the action and drama of the game, and broadcasts of poker tournaments such as the World Series of Poker and the World Poker Tour have brought in huge audiences for cable and satellite TV distributors.

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Video: The History of Poker Documentary 1/6

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