WSOP uncovered

Posted by pokermoney | tournament poker | Saturday 29 May 2010 4:47 pm

The WSOP Uncovered

Las Vegas is the epicenter of bricks and mortar gambling – with all manner of card, table and video slot games ruling the roost. But deep in the heart of Vegas beats the pulse of Poker. This is the game that pundits the world over are all too eager to play. The 2010, 41st annual World Series of Poker (WSOP) is soon to kick off and the anticipation is extraordinary.

Come Thursday May 27, 2010 the Rio Hotel and Casino is going to be abuzz with activity. The good news is this majestic Poker tournament lasts until Saturday July 17, 2010.

The WSOP was first held in 1970 at the Horseshoe Casino at the behest of Benny Binion. Ten years later there were 52 participants. By 1987 there were over 2,000 participants in the series. To think that number quadrupled by 2006 to 8,773 players is astounding.

Players can count numerous worldwide tournaments sponsoring big Poker paydays and the like. But the WSOP is the benchmark of Poker excellence. The winner of each event receives the coveted WSOP bracelet and a huge cash prize. Naturally the Main Event bracelet is the most sought after prize in the game.

But what makes the WSOP most enthralling is the feature event – the $10,000 NL Hold’em Main Event. This is Poker at its most riveting. Harrah’s Entertainment plays host to this prestigious event and as the days begin to count down, the anticipation reaches fever pitch levels.

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Lucky you

Posted by pokermoney | online gambling | Wednesday 12 May 2010 7:57 pm

So is poker a game of luck or a game of skill? This seems like an eternal question.

In poker getting strong hands may result from your preparation. People do not get lucky on their own. They become lucky when they set themselves up to get lucky, and that is what they must do if they want luck to help them to make money.

In other words you have to be smart about how you want to minimize chance and increase luck. Have you ever thought about using poker video training sessions to improve your skills? How about pokervt? This is a great school run by Daniel Negreanu, give it a shot.

It is so true that in the game of poker variance may hide the fact that skills is what you need more than luck. This is so in other games as well. But in poker, luck must be handled with care. It has been said that the luckier you get, the less money in your pocket. As if you get too lucky you will learn bad playing habits.

Most players love to have lucky hands. But, too much luck is actually the enemy of a player. A bad player wins a pot and he believes that he knows what he is doing and that he made a great play. A horrible player does not see the good moves, always counts on luck, makes perfect catches, and so on. A bad player will always hope to get miraculous cards. So, these fish are believed to have more chance than other players, simply because they always make unbelievable plays that only luck can support.

Superior players on the other hand do not expect luck for their profits. They actually always attempt to make the mathematically correct move. So it could look like they are lucky for example when they win a big pot, but their detractors do not understand their strategy. They played correctly and got lucky too, but they are winning players not because of luck, but because they always seek positive expected value plays.

Good players count on their opponents to make mistakes. This is how they make their money. So if a calling station calls the bets from a solid player in a situation where he does not have the proper pot odds to call with his drawing hand, this is negative expected value for that bad player. It does not matter if he hits the draw or not, in the long run he will slowly bleed his money.

In summary poker is a game of skill where chance veils the truth about skills.

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