Poker History Part 2

Poker History Part 2

It was until 1970 that Binion decided to re-create the poker excitement and stage a battle of the giants. The “World Series Of Poker” was born. The goal is to determine who would be worthy of the title “World Champion.” Johnny Moss came out on top. The decision was consensus in that the champion of the World Series of Poker was decided by fair competition.

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The following year, Moss again was declared the World Series of Poker Champion. It was until 1972 that Thomas “Amarillo Slim” Preston won the title. He went on the talk-show circuit. The propanganda brought about global exposures and the World Series of Poker began to gain a wider following.

It was only a year later that Binion participated in the Oral History Project at the University of Nevada-Reno and discussed the World Series of Poker with interviewer Mary Ellen Glass. “This poker game here gets us a lot of attention,” he told Glass. “We had seven players last year, and this year we had 13. I look to have better than 20 next year. It’s even liable to get up to be 50, might get up to be more than that.” Binion then paused, and as if gazing into the future, prophesied, “It will eventually.”

In the early 1980s, Binion’s dreams came true and the popularity of the World Series of Poker soared.

Today, the legacy Benny Binion left the poker community ranks as the oldest, most prestigious, and most media-hyped gaming in the world. The World Series of Poker has touched thousands of lives over the years.

Notable champions from these early WSOP tournaments include Johnny Moss, Amarillo Slim, Bobby Baldwin, Doyle Brunson, and Puggy Pearson. Later in the 1970s, the first serious poker strategy books appeared, notably Super System by Doyle Brunson
and Caro’s Book of Poker Tells by Mike Caro, followed later by The Theory of Poker by David Sklansky.

By the 1980s, poker was being depicted in popular culture as a commonplace recreational activity. For example, it was featured in at least 10 episodes of Star Trek: The Next Generation as a weekly event of the senior staff of the fictional ship’s crew. In the 1990s, poker and casino gambling spread across the United States, most notably to Atlantic City, New Jersey.

Poker’s popularity experienced an unprecedented spike at the beginning of the 21st century, largely because of the introduction of online poker and hole-card cameras, which turned the game into a spectator sport. Not only could viewers now follow the action and drama of the game on television, they could also play the game in the comfort of their own home.

Following the surge in popularity, new poker tours soon emerged, notably the World Poker Tour and European Poker Tour, both televised and the latter sponsored by online poker company PokerStars. Subsequent tours have since been created by PokerStars, such as Latin American Poker Tour and Asia Pacific Poker Tour, as well as other national tours.

In 2009, the International Federation of Poker was founded in Lausanne, Switzerland, becoming the official governing body for poker and promoting the game as a Mind Sport. In 2011 it announced plans for two new events. The Nations Cup, a duplicate poker team event, to be staged on the London Eye on the banks of the River Thames, and “The Table”, the invitation only IFP World Championship, featuring roughly 130 of the world’s best poker players, in an event to find the 2011 official “World Champion.

If you want to gamble, learn poker.

If you are excited over this post, learn poker.

If you want to train your mind, learn this Mind Spot, POKER.

Gamblinghelp provide free poker courses to educate the public and promote responsible gambling

continue Poker History Part 3

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Poker Variants

Poker Variants

This post is brought to you by GamblingHelp. GamblingHelp provide free poker gambling courses to educate the public and promote responsible gambling.

There are so many poker variants. There are also variations within the poker variants. It is generally known that the way different communities play poker also differ slightly even within the same poker variant as long as the participating players agreed to their own rules.

This can become quite confusing when the public and strangers play among themselves. Serious dispute can arise.

To solve this problem, most casinos, clubs and organizations have agreed to accept the rules laid down by the well known World Series of Poker. It is well acepted that the committee of World Series of Poker is the authority in poker rules.

The World Series of Poker rules for the five poker variants are as follows:

1. Texas Hold ’em

Each player is first dealt two cards face down.
A round of betting occurs as players decide for the first time if they are in or they are out.

Then five community cards follow with betting after the flop (three community cards face up), the turn (four community cards face up), and the river (five community cards face up).
In the end, the best five card combination wins the hand and takes the pot.

2. Omaha

Instead of being dealt two cards, each player receives four down cards. A round of betting occurs as players decide for the first time if they are in or they are out (fold).

Then five community cards follow with betting after the flop, the turn, and the river. Those still in reveal their cards. However, the rules in Omaha is different. A player must use two and only two of their down cards along with three of the community cards. The best five card hand wins the pot.

3. Seven card stud

Each player is dealt three cards. The first two are face down and the third is face up for everyone to see. Players must then decide for the first time whether they are in, or out.

The next three cards are all dealt face up, with more rounds of betting after each card. The seventh and final card is dealt face down. After one last round of betting, players still in will reveal what they have. As always, the best five card hand wins the hand and takes the pot.

4. Razz

This game is a lot like seven card stud except of course the low hand wins. To begin, three cards are dealt to each player.
The first two are face down cards the third is face up for everyone to see.

A round of betting follows, as it does after each of the next three face up cards are dealt. The seventh and last card is dealt face down.

One more round of betting before players still in the game will reveal what they have. Now remember the low hand is the winner and flushes and straights do not count as high hands so ace to five is a good as its face value.

5. Lowball

Basically, its five card draw and the low hand wins.
The point of the game is to have the lowest hand possible.
But unlike razz, straights and flushes count as high hands.

So the best possible hand a player could have is 2, 3, 4, 5, and 7. Each player receives five cards face down. After a round of betting a player is allowed to draw up to five new cards.

Once a player receives their new cards, a final round of betting follows. Players then reveal their cards and since the lowest hand is the best – 2,3,4,5 and 7 off suit is the best hand for Lowball.

So, now you know the five poker variants recognized by WSOP, the World Series of Poker.

poker variants

poker variants

If you would like to read more, this book is strongly recommended.

Everything You Need To Know About Poker and Online Poker: A Helpful Guide to the World of Poker

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General Gambling Theory and Poker Theory

General Gambling Theory and Poker Theory

General Gambling theory revolves around luck, systems, money management, odds, negative expected values, chasing losses and discipline.

However, poker is probably one of the few games where positive expected values can easily be found.

Because of the significant difference in outcome between positive and negative expected values, the known strategies for playing poker are remarkedly different from other casino games.

Poker logic is not tricks and ploys. Among weaker players tricks and ploys may sometimes work. For example, gesturing as though to fold your hand and then raising after the third man in the pot has called.

poker theory

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Some poker authors make a joke out of tricks and ploys as if bluff is the essence of poker. The best that can be said of these authors is that they are misguided. Even a super hustler with an arsenal of tricks and ploys will not win money against tough fellow players unless he is also a skilful player.

Some players substitute tricks and ploys for sound precepts and sound play. They act confidently and try to provoke other players in the poker game. In other words, they use all sorts of gimmicks besides optimal play to win the poker game.

In the world of professional Las Vegas poker, such players never rise to the hig stake games. Eventually, their tricks and ploys boomerang back at them. Invariably, they end up in the mum’s basement like so many failed gamblers, earning a living driving as a cab driver.

Poker logic is also not purely mathematical. Knowing the mathematics of poker can certainly help you play a better game. However, mathematics is only a small but essential part of poker logic. More importantly, poker players should have a thorough understanding of the underlying concepts of poker so that they can apply them correctly in actual poker play.

It is important to understand that poker is a much more difficult game than most people think. Poker can be more complex than bridge, backgammon or chess.

The concepts in this post are intended to briefly outline and introduce you to the poker theory in order to make you a better player against tough competitors. If you can beat tough games, you will have little trouble winning easier games. While the concepts discussed generally apply to all poker variants, you need to modify them to suit a particular variant.

I play only one variant of poker, No Limit Texas Hold ’em.

If you would like to read more, this book written by David Sklansky is strongly recommended.

The Theory of Poker: A Professional Poker Player Teaches You How To Think Like One

This was the first poker book I read many years ago.

Gambling help provide free poker gambling courses to help gamblers in recreatioinal poker, professional poker.

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How to overcome The Twin Evils of Gambling

How to overcome The Twin Evils of Gambling

The twin evils of gambling are negative expected values and chasing losses. Negative expected values may be casino odds, rakes or commissions. Another way of describing chasing losses is “I will get it back ” syndrome. Gamblers are not just losers. They are big losers. The majority suffers from the human inborn instinct of “chasing lossses” . In other words, you want to get it back.

If you compare casino odds with the interest you earn from the bank saving account, you will realize how powerful casino odds are on the players.
Let’s say the casino odds is 3%. Saving accounts yield or return 3% in one year. Casino yields 3% in ONE bet. Casino make from the gambler in one bet what you make in a year from your saving account. Shocking! Isn’t it?

And if you chase losses, you will invariably lose out of proportion to your modest wins. For example, you may win 1k, 1k, 1k over the first three bets, then lose 1k, 2k, 4k over the next three bets. So, it is not about winning or losing. It is more about how fast you lose.

A fellow gambler posted in his blog that for every 1.3 seconds there is a “new” gambling system released for craps, sports betting, poker, roulette, baccarat and so on. And there are easily thousands of worthless gambling systems out there. Only a few gambling systems have merits. You must learn how to review or evaluate whenever a gambling systems is presented to you.

I have covered in my earlier posts in great details the pros and cons of gambling systems. Gambling systems are vulnerable to the full devastating effects of these twin evils of negative expected values and chasing losses.

If you are new to gambling, or if you are a recreational player, you need to learn how to tolerate or accept losses and not to chase losses. This is not easy but it becomes easier with practice and time. If you are an experieced professional, then you may counter the evils of chasing losses by learning strategies of smart chasing of losses. I have described several methods of smart chasing of losses such as HP Johnson’s system, Arthur Irwin Bruce Midas Touch System, modified Monte Carlo system, SF Roulan Fast Roulan and 1221 system as well as Frank Barstow series of systems.

(The modified Monte Carlo system is the system I used to win 160,000 over ten months).

The goal is to keep stakes low, such that your average wins are always higher than your average losses . As a reminder this method works short run only. For this method to work, you must make sure that short term does not become long term. Short term is defined by process, not time. You must learn how to review gambling systems. It is a very important skill in gambling.

Test yourself by buying or borrowing a book on gambling systems and see whether you are able to apply these principles to critically review the author’s ideas, opinions and viewpoints.

Similarly, you counter negative expectations games in two ways.

1. Define your game plan. It must be finite in terms of number of bets and time. Because within this context, it is possible to use strategies such that your average win is higher than your average loss.
2. Train yourself to spot situations as well as choosing games with positive expected values. In other words, you play only games or situations with positive expectations. Positive expectation is a very reliable and stable platform. Professional gamblers rely on positive expected value systems to make a living.

GAMBLINGHELP provide free gambling courses to help gamblers in recreational gambling, professional gambling, quit gambling.

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Gambling systems versus affiliate systems

Gambling systems versus affiliate systems

THIS POST IS BROUGHT TO YOU BY GAMBLINGHELP.BIZ

Most of us have heard about affiliate systems in the internet. Just like gambling systems, the majority of these affiliate systems that you purchased in the internet are just garbage. Unsuspecting buyers especially newbies simply overpaid for low quality products. Invariably, the sellers over-promise but under-deliver.

When I compare gambling systems with affiliate systems, I find that gambling system can generally be described as a simplified form of affiliate system. In fact, it is a subset of affiliate system.

Affiliate systems can be extremely complicated. The sophistication gives producers the edge to create crappy products that over-promise but under-deliver. The sophistication masks the weaknesses of the products or services and causes unsuspecting buyers usually newbies to take shortcut and expose themselves to unnecessary risks to pay through their noses for the products or services.

In this blog, I am trying to educate the public in gambling system and then apply the principles learned to affiliate system. I will show you why gambling is for fun, learning, recreation, exploration and expedition while affiliate system is your starting point or gateway to wealth building.

For example, Chris Farrell, a UK citizen now staying in California made two million US dollars over a short period of time. Chris Farrell started to learn how to make money online only in 2007. On the other hand, John Chow, a Canadian made more than US$40,000 a month.

Just made a slight tweak from gambling system to affiliate system and you are on your way to wealth building. For gamblers, my advise is to use your understanding of gambling systems as your starting point. Then extend it to affiliate systems.

Finally I will show you how to not only build your own business system but also your investment system. They are all related. You can call this my blueprint, DR SOON’s retirement blueprint.

The saying is your future is decided by the seven people you associate with on a daily or regular basis. Make me and my blog one of the seven. You can never go wrong.

My teaching in my areas of expertise and interest is always free and will always be.

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How Professional Gamblers Calculate Their Hourly Earnings

How Professional Gamblers Calculate Their Hourly Earnings

Whether you are playing baccarat, roulette or poker at home or no-limit texas hold’em poker at the recreation club or even in Las Vegas, whether you are playing for fun or for a living, once a week or every day, you have to understand that the object of professional gambling is to make money. That’s where the profits are. That’s where the fun is. That’s the way you approached the game.

Expectation and Hourly Earnings

I have discussed Mathematical Expectation in one of my earlier posts. Mathematical expectation is the difference in wagers after taken into consideration the average amount in winning or losing bets. It is an extremely important concept for the gambler because it shows him how to evaluate most gambling situations. Using mathematical expectation is also the best way to analyze most professional plays, including tie bets in baccarat, counting cards in blackjack and poker.

Mathematical expectation has nothing to do with results. It makes no difference whether you win or lose a specific bet or series of bets as long as you have a bankroll to cover your losses. If you continue to make these bets, you will win, and in the long run your win will approach specifically the sum of your expectations.

Anytime you make a bet with the best of it, where the odds are in your favour, you have earned something on that bet, whether you actually win or lose the bet. By the same token, when you make a bet with the worst of it, where the odds are not in your favour, you have lost something, whether you actually win or lose the bet. You have the best of it when you have a positive expectation, and you have a positive expectation when the odds are in your favour. You have the worst of it when you have a negative expectation, and you have a negative expectation when the odds are against you. Serious gamblers bet only when they have the best of it; when they have the worst of it, they sit out.

What does it mean to have the odds in your favour? It means winning more on a result than the true odds warrant.

Mathematical expectation is at the heart of every gambling situation.

Bob Stupak, the Vegas World casino owner, has said, “Having one-thousandth of one percent the worst of it, if he plays long enough, that one-thousandth of one percent will bust the richest man in the world.”

In most gambling situations like casino craps and roulette, the odds on any given bet are constant. In others they fluctuate, and mathematical expectation can show you how to evaluate a particular situation.

In blackjack, for instance, to determine the optimal play, mathematicians have calculated your expectation playing a hand one way and your expectation playing it another way. Whichever play gives you a higher positive expectation (maximixing wins)or a lower negative expectation (minimixing losses) is the optimal play.

Hourly Earnings

Your hourly earnings or hourly rate is closely related to expectation, and it is a concept especially important to the professional player. If you play professionally, you should try to assess what you think you can earn per hour. For the most part you will have to base your assessment on your judgement and experience, but you can use certain mathematical guidelines.

Of course, in most games you can’t be precise. Many variables would affect your hourly rate. Furthermore, if you are playing in a public card room or in some private games where the operator takes away commissions, you need to deduct either the house rake or the hourly seat charge. In Las Vegas poker rooms the rake is usually 10 percent of each pot up to a maximum of $4 in the smaller seven-card stud games and 5 percent of each pot
to a maximum of $3 in the larger seven-card stud games, in the Texas hold ’em games, and in most other games. In baccarat, the commissions is 5% on banker won bets.

In the long run a player’s overall win is the sum of his mathematical expectations in individual situations. The more plays you make with a positive expectation, the more money you will make. The more plays you make with a negative expectation, the bigger loser you stand to be. Therefore, you should almost always try to make the play that will maximize your positive expectation or minimize your negative expectation in order to maximize your hourly rate. Once you have decided what your hourly rate is, you should realize that what you are doing is earning.

You are no longer gambling. You should no longer be anxious to have a good day or upset when you have a bad day. If you play regularly, you should simply feel that it is better to be playing making $50 an hour, able to come and go as you please, than to be working an eight-hour shift making $40 an hour.

To think of professional gambling as something glamorous is very bad. You must think that you are just working as a professional player and that you are not particularly anxious about making a big score, If it comes, it comes.

Conversely, you won’t be so upset if you have a big loss. If one comes, it comes. If you are hit, you are hit. You are just playing for a certain hourly rate.

If you have estimated your hourly rate correctly, your eventual winnings will approximate your projected hourly rate multiplied by the total hours played. Your edge comes not from lady luck, system or money management, but from exploiting situations where you have the advantage. The actual advantage would depend on what game you play.

To assume you play perfectly is, of course, a big assumption. Few if any of us play perfectly all of the time, but that is what we strive for.

If you have any question, email me at

soondr@gmail.com

Subscribe to Free Gambling Courses

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How Not To Become A Victim of Casino Scene

How not to become a victim of casino scene.

THIS POST IS WRITTEN FOR BEGINNERS

When you are gambling in a casino, you are hypnotized by the casino environment. You are like someone in the middle of the jungle or in the middle of the ocean. Just like you are surrounded by trees in the jungle or water in the ocean, in the casino you are surrounded by free food, free lodging, and dollars as baits. So you use lady luck, system and money management action to get the casino dollars.

What is the outcome. It is the casino that get your dollars. You are scammed into playing their game of random decisions.

Why don’t gamblers consider their gambling activity as part of the big picture. Let’s use this analogy. Your gambling activities are the trees, your big picture is the forest. You must train yourself to see not only the wood and the trees but also the forest. You must be aware of the big picture that you are in the middle of the forest.

The forest is the casino scene. If you go for adventure in the middle of the forest, you will be lost without the proper tools. These tools are maps, compass and local guides.

You need these tools to handle the casino scene. Without these tools you will be lost in the jungle. My free gambling courses will help you to arm yourself with these tools.

The big picture includes both private victory and public victory. Your private victory is your health and education and your public victory is money, relationship and power.

You should do well if you approach gambling with this mindset. You can never go wrong.

If you lose, lose within tightly controlled limits. That is your expenses. Expense is recreation. You can also consider expenses as a kind of victory just like charity.

If you are able to win long term, you get income, that is money victory.

Knowledge is power. Therefore you must educate yourself with a thorough understanding of gambling theory. Passing mark is not enough to beat the casino. You need to be an expert.

YOU NEED A CORRECT MINDSET TO HANDLE THE CASINO SCENE.

In this blog, I am persuading the readers to support its goal of educating the public and promoting responsible gambling.

I started this blog because I am very much inspired by the sincerity of the Singapore Government in promoting responsible ganbling.

If you have any question, email me at

soondr@gmail.com

Subscribe to Beginner’s Free Gambling Courses

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Gambling — Entertainment or Addiction

Gambling — Entertainment or Addiction

Entertainment

Gambling is for entertainment, as it was intended to be. Others just couldn’t handle a loss and always kept right on thinking that the next card would be the one to salvage all that has been lost. But it never happens. And these types of gamblers only comprise about 25% of the gambling population who cannot gamble responsibly.

How about the other 75 percent who gamble responsibly? These are the people who find the entertainment value of gambling and they are never blinded by the illusion that hitting it big time just once is the key to financial freedom.

Addiction

Only a small percentage of the gambling population gets into the ugly side of gambling. Although small they are significant because the destruction can be serious. Gambling problems are known to destroy families, friendships, properties, jobs, and at the same time fuel the rise of criminal and deceptive activities in society.

Gambling addiction can be destructive. Family, friends and your reputation are at risk. It is a condition often times ignored. There are escape gamblers that affect seventy five percent of women from their thirties and beyond. Usually the reasons for gambling is to escape from the emotional pain that they are in, being bored, lonely, depressed or that they make gambling their hobby or past time. These types of addiction can be treated by trained counsellors and psychiatrists and they usually recover in three to six months.

The action gambler is much more difficult to deal. The majority are men, where gambling for them creates ecstasy very much like drug addiction. This is much harder to treat, since the individual will deny the problem. Invariably, they will not co-operate with the counsellors and psychiatrists. They will typically not stop until they lost everything and left with nothing. They are financially ruined. Close relationships broke down and they become powerless to recover from the setback.

Despite the fact that gambling creates a lot of scams, more and more people continue to be drawn into gambling. The primary reason is to win a huge amount of money like jackpot because of the casino publicity that gambling can have positive outcome.

But then comes the most compelling reasons for addiction to gambling. In gambling, wins and losses cause dramatic psychological flicks. Because healthy human minds filter off negative emotions, gamblers are left with memories of pleasant feelings of euphoria. In other words, the gamblers lost a lot of money, but they think and feel like a winner. Scams or no scams, people still continue to gamble. This is the reason why traditional gambling still thrives today.

GAMBLING HELP provide free gambling courses to help gamblers in recreational gambling, professional gambling, quit gambling.

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Beginners’ Advice to Gambling System

Beginners’ Advice to Gambling System

THIS POST IS WRITTEN FOR BEGINNERS

Since gambling began, there have been people who have strived to find the perfect gambling systems – one that puts the odds so much in the gambler’s favour that riches are almost certainly guaranteed. In all these thousands of years, has anyone ever really found a gambling system that works?

Although there are people who claim to have found systems to beat the odds at any type of gambling, most of the gambling systems that you hear of are for a particular form of gambling, such as Blackjack, Poker, or Roulette. There are many books about systems specific to a particular type of gambling, mostly written by people who have done a lot of research on their choice of games. There is no arguing that there are people out there who win more at certain games then they lose; just look at the professional Poker players you see on TV these days who live quite comfortably on their winnings. Many of these professionals have written books on how to win at Poker, and more than likely their advice is sound and potentially profitable.

For the serious gambler, the best thing to do is to choose one game – two at the most – and do as much research as possible. Practicing the game helps, but you may not be the kind of person who can come up with winning strategies easily. More often than not a great deal of mathematics is involved, and for some people mathematics just isn’t their strong suit. It’s best to find systems that have already been established by successful gamblers, and see if they work for you. Systems differ with the developer who invented them, and it may be worth the time to try several different systems before you decide on which one works best for you. Keep your wagers small until you feel comfortable that a certain system is going to work well for you.

Although systems do exist that can put odds more in the gambler’s favour, one must never forget that gambling means taking risks, and these risks can never really be completely omitted. Sinking your life savings into a gambling system that you believe is foolproof and will put you on the road to riches is a foolish idea, and any reputable professional gambler, no matter how successful, will agree with that. That being said, it certainly doesn’t hurt to test gambling systems by starting with small amounts of money that you can comfortably afford to lose, and seeing which system works best for you. If you win, gamble with your winnings, and lock in the capital that you started with. That advice, by far, is probably the best as far as gambling system is concerned.

GAMBLING HELP provide free gambling courses to help gamblers in recreational gambling, professional gambling, quit gambling.

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My service is free and always will be.

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Where To Find Holy Grail

Where to Find Holy Grail

Smart Chasing of Losses is not holy grail

In games with negative expectation, smart chasing of losses is the only effective way to win short term. Short term is defined by process, not time.

I have illustrated to you the success story of SF Roulan, Arthur Irwin Bruce and HP Johnson. You can win for several years. To some even a lifetime.
However, it does not mean that their methods are invincible.

Their methods are not holy grail. They will lose when the reverse jackpot hits.
As an analogy, if you have ten digits, it is not easy to strike the jackpot. Conversely. it is also not easy to be hit by the reverse jackpot.

But if you have three digits, it is easy to hit a small jackpot. Conversely, it is also easy to be hit by the reverse jackpot.

There is no holy grail in any games with negative expectation. You use smart chasing of losses to postpone your nemesis. It is possible to win for a lifetime if you start by winning and you understand all these principles I have presented so far.

As a reminder, read again this quote by Bob Stupak

Vegas World casino owner Bob Stupak said, “Having one-thousandth of one percent the worst of it, if he plays long enough, that one-thousandth of one percent will bust the richest man in the world.”

You can find holy grail in situations with positive expectations.

In baccarat, I recommend these two situations:

1. 9-unit bet banker only system. Play only 5% baccarat table.

Entry is PBB. Exit is PPP. Your advantage comes from

(a) banker wins 103 times to player 100 times.
(b) banker streaks together with one-unit win on alternate bets will help you to offset the 5% commission.
(c) You win on zigzag, alternate and whenever banker is strong
(d) You sit out when banker is weak.

As you can see, this is a great system.

2. Tie bet towards the end of the shoes. When you count cards in blackjack, you will notice that the odds fluctuate in both direction, either in favour or against you. However, in tie bet in baccarat, the odds always fluctuate in favour of you. Another great system.

For your information, I invented the above two systems myself.

To be a professional you have to train yourself to spot situations with positive expectations.

You skill level and your belief system will affect the way you play. In other words your playing style.

HOLY GRAIL IS FOUND IN SITUATIONS WITH POSITIVE EXPECTATIONS.

When you play with positive expectations, you can translate your odds into hourly rate.

When you have hourly rate, you can call yourself a professional.

And you pay taxes for your yearly winnings.

If you have any questions, email me at

soondr@gmail.com

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