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Poker is a competitive card game that has evolved over the centuries into today's poker phenomenon. As the game spread to different parts of the world, and shifted from the casino to the internet, it has undergone a series of revolutions that continue to challenge the concept of the game. Today, there are dozens of varieties of the original, classic poker game, ranging from classics like 5 Card Draw and 7 Card Stud to the hi-tech Video Poker machines.
The majority of these poker variations are intended for competitive play, pitting player against player in a contest to see who can create the best final poker hand. In order to organize players in competitions, poker tournaments were created. These tournaments are structured in an elimination style, starting with a base of players and progressing to eliminate player after player who runs out of chips. By the end of the game, there will be only one chip champion, the tournament winner.
In online poker, there is a wide variety of different tournament opportunities. Tournaments are available in many poker styles, but the most common is Texas Hold'Em poker. Tournaments not only differ by type of poker game, but also by tournament type. There dozens of tournament styles offered for play on internet poker sites and in casino poker. Poker players can choose tournaments to enter based on several different factors.
The first factor is money. Many tournaments require a buy-in amount that players must pay to enter the tournament. Buy-in amounts differ between tournaments and sites, but are often determined in relation to the jackpot amount. There is, however, a free poker game called a Freeroll Tournament that anyone can enter without paying a fee. The poker bonus prize is sponsored by the hosting casino, and the tournament is therefore often used for promotional purposes. At the other range of the scale are high stakes poker tournaments with prizes that can run from thousands to millions of dollars.
Another important tournament factor is tournament capacity. To play poker in an intimate competition, players choose small tournaments like Heads-Up, the one-on-one battle between two players for one pot. Short-Handed tournaments minimize the table to five players, while Sit-N-Go typically seat 9 or 10 players. Other tournaments may seat hundreds or even thousands of players.
Players should also consider tournament schedules. Some tournaments, such as Sit-N-Go, simply commence when enough players have joined the table. Others, like Multi-table and Scheduled tournaments, have pre-set starting times and dates.
The last factor is the jackpot total. Some tournaments offer cash prizes, while others offer different giveaways. Satellite tournaments, for example, offer winners guaranteed seats in high stakes tournaments. In a Guaranteed tournament, players receive assurance from the casino securing a minimum prize amount no matter what the total number of tournament participants will be.
There are also tournaments with specific quirks, like the Turbo tournament where the blind amount increases every three minutes, or Freeze-Out where players are not permitted multiple buy-ins.
Odds Ignorance in Limit Poker
I was in a hand in a 5/10 limit game a few years ago and I called from the button with J9os about after 5 players had limped. Then of course the big blind decides to be clever and min raises. Everyone, including me calls again. 14 bets, $72 in the pot to start the hand in the pot! The flop comes Q84 rainbow.
Gut shot. Man would I fell better if I was at least open-ended. Stupid to be in this hand I thought, bent on my tight aggressive style working out eventually. The small blind puts out a bet. Then 5 consecutive calls when it gets to me. Just another $5 to call... I should do it. I did it, now swelling the pot now $114. All I remember at that point was wondering what the hell they ALL had and how could so many players be that dumb.
It was painful to see the "brick-like" turn card of the 2 of clubs rounding out all four suits on the board. It didn't stop the under-the-gun player from betting $10 now, and sure enough - NOBODY had folded when it came to me. That added $60 to the pot making it $174 while I pondered what to do. I have a gut shot draw to the nuts with no chance of an opponent outdrawing me to a flush. I needed a 10, but what are the odds of me hitting hit?
One community card left to show, 46 unseen cards, 4 unseen tens. Approximately a 9% chance of hitting the nuts or 11:1. I decided to fold, because I didn't want to waste any more money and the session was going poorly for me so far, so I didn't want it get worse here. The odds were so far fetched that my 10 would come, I figured I would just save it for a better spot.
Uhhh..... big mistake.
Of course, the river was a ten as I am sure you figured it out, but my mistake wasn't because a ten did fall, my mistake was not properly assessing the odds situation. It really did NOT matter what came on the river, I should have been in the hand to see it regardless. My mistake was not fully understanding real poker odds.
It is $10 to call (with no chance of a re-raise behind me) a pot of $174. This is real math, from a real poker hand, using real poker probabilities and had I better understood at the time, I would have realized that sometimes it pays to draw to an inside straight.
The underlying benefit of seeing that huge pot go elsewhere due to my error, forced me to learn the odds of the game and re-evaluate my overall strategy. I can honestly say now, thanks in part to using poker calculators, whether tournament, ring or cash games, I am no longer ignorant of the odds in poker.
Wise Sports Betting Tips
Winning a sports bet is not an easy feat; if it was, everyone would not be having a day job right now. However, there are several tips that you can follow to win it big at sports bets.
Never Trust Free Information Available Anywhere
Why? Because it might contain some bias information or tip to a certain extent. Which sports fan would not support his/her team? So, gathering information might be useful, but using it would not be as wise. How many times have you heeded the advice found on the internet and lost your bet eventually? Would you be even reading this article if you know how to win with all the free information available (I bet you would be refreshing the site every 5 seconds right now if you did manage to find your free golden nugget)?
Therefore, one should never trust information that is freely distributed over the internet or elsewhere. Winners are the smart ones who either have come up with their own algorithm to win, or are members of a certain site which has its information distributed within the members' area.
Must Be Able To Analyze And Decide
One must be good at analyzing information and decide what the winning teams are. If one is unable to meet this requirement, fret not. There are always professionals located around somewhere to help you out of pit hole. However, finding a professional for help is not easy at all. Do you think that such professionals will be willing to spend their precious time helping someone they do not even know for free?
Paying for a membership to access precious information and professionals' help is a wise choice. All professional gamblers are usually hidden somewhere; in a membership area to be specific. Why is that so? That is because the information that is shared is only distributed within the members' area, not more. They can also gather more information from other fellow professionals. This is the difference between a smart gambler, and a not-so-smart gambler.
I wish you luck in winning every sports bet you make (good gamblers don't need the luck at all).
Betting blindly is the most foolish mistake that human can ever make. Do not rush into betting your favourite team or betting because you feel lucky. Betting is all about statistics and analysis. Without either of them, you are as good as a loser.
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