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Posted by neo | Poker | Saturday 30 July 2011 11:15 am

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Destruction of our Youth By Online Poker?

Posted by neo | Poker | Saturday 11 December 2010 4:32 pm

There are many young players who take part vigorously in online poker, since most of these online poker sites do not verify the age of a player. It is indeed illegal to allow underage participants to play poker, since it is believed that online poker games that involve wagering activities spoil minds of young participants, especially if the participants are teenage kids. Following are the reasons why young players must be prohibited.

Basic Money skills: Usually, young players may not be able to handle money carefully. Inability to manage money, may cause them lose more money while taking part in the game.

Account funding: In order to play, these young participants try to fund their account in some way or the other. Participants’ credentials should be checked to prevent underage gambling activities.

The Obsession of playing: These online poker games create an addiction to gambling in minds of young players. This is the reason why most of the young participants get diverted from their regular activities like studies or job.

Compulsive gambling issue: In some cases, allowing young participants to play online poker games leads to a compulsive gambling issue. As a result, young participants try illicit activities to find their funding sources.

Giving money away: Due to the addiction towards wagering, young players make use of their pocket money and allowances, to take part in the game, which is obviously an unhealthy practice.

Enforcement of local laws not applied: Due to urge of playing poker games, these young players fail to enforce local laws related to underage gambling.

Nevertheless, the other side of the coin must also be dealt with. Following are the positive aspects that support participation of young players in online poker games.

The hypocritical argument: Though the law considers such online wagering activities as illegal, we must keep in mind that there are certain ‘regulated’ gambling sites. This obviously means that wagering is permissible under a specific “regulated” or rather “restricted” pattern.

Youth gambling preventative measures: Some good online poker sites have already taken appropriate measures to disallow and discard underage members, preventing them from taking part in gambling activities.

Speech freedom: However, overdoing the regulations and preventive measures may create an impression on minds of young players that the establishment is trying to interfere in their freedom by controlling the usage of money spent by players on poker and entertainment. Players should not be restricted totally; they should be left free to some extent.

Regulation is the grand savior: Hence, the best solution for ‘Speech freedom’ along with ‘Youth gambling preventative measures’ is creating ‘Universal’ laws and regulations for such online gambling activities. This will allow young players to take part in the game and still it will remain to be regulated.

Additionally, when it is made universal, government can get benefited by means of tax. So, it is not necessary to prohibit young players from playing online poker games. Instead, it can be regulated!

Rationale Behind the Regulation of Online Poker

Posted by neo | Poker | Saturday 11 December 2010 4:31 pm

During the tenure of Bush’s presidency, Unlawful Internet Gambling Act (UIGEA) was passed but was revoked later. This is an anti-gambling bill. It is meant for prohibiting transaction of money, from banking organizations for the sake of gambling.

UIGEA had been encumbrance to the banking agencies, demanding not to aid for gambling related activities. But, the law failed to actually define which activities fall under gambling and which do not. In financial crisis, banking systems could not spend time in enforcing such an unspecific law. Besides, the banking systems feel that it is more or less impossible to differentiate games as legal and illegal, especially when it comes to horse racing, interstate lotteries and fantasy sports. The worst part was that the banking agencies were ordered to bear the cost of implementation of the law.

Basically, gambling for online poker games is an illegal activity. But, this law had some provisions to promote such kind of games. This created a strong chaos in the minds of people. Besides, there was an additional confusion whether online poker was a game of ‘skill’ or ‘chance’. However, even if it is admitted to be a game of ‘skill’, chance equally influences the game.

As a solution for the national debt and budget deficit, there was a need to create regulations for online poker games, which can in turn mint revenue for the nation in the form of tax. As a result the problem of national debt and budget deficit can be dealt with, to some extent. Anyway, there is a high chance that the government will lose the revenue received from casinos. This is one of the main reasons why government has been delaying the process of regulating and legalizing ‘online’ poker games. Land-based casinos had been aiding UIGEA to some extent. In fact, casinos are facing dull time, since they have already lost most of their visitors due to online poker games (even before creating the regulations!).

Over and above, underage gambling activities are being carried in online poker rooms, since some poker rooms fail to verify the age of the participant. Lastly, completely prohibiting online poker games, is deemed to snatch the freedom of internet users by dictating them what has to be done and what not, with the internet and money!

In conclusion, online poker industry ought to be legalized and regulated, taking all the above points into consideration.

Texas Hold’em Flop Odds

Posted by neo | Poker | Saturday 11 December 2010 4:31 pm

A player might be having one of the best winning hands. Even then, it cannot be assured that he will win the game, unless is aware of the card probabilities. However, the player must also know about Texas Hold’em flop odds. It is because almost all the players are well versed in mathematics and are very calculative. Flop means that the three cards have been disclosed. A player must be equally calculative as his opponent. Therefore, when the flops are disclosed, he should know odds or rather the probability of occurrence of some events, which are as follows.

1. The most probable event would be nothing but performing flop of an open-ended straight flush and getting either a straight or a flush, making use of a river card and it has an odd of around 54%.

2. In some cases, 4 cards are flopped to a flush and the flush is received by river card. The probability of this event is around 39%.

3. After getting hold of a pocket pair, a set may be flopped. This is one of the least probable events with a probability of about 9%.

4. There is a chance that the set may be flopped while holding the pocket pair. It has an odd of around 12%.

5. It so happens that while having 2 suited cards, two other of the same suit get flops, the probability of this event is about 11%.

6. The player can at times, flop two pairs and receives full house using the river card. This event has an odd of 17%.

7. It is at times possible, to flop a pair and wind up with two pairs of “three-of-a-kind”, using the river card and its probability is around 22%.

8. A pair can be flopped while retaining cards of 2 dissimilar ranks. This event holds an odd of about 32%.

9. There is a probability of around 34%, that an open ended straight is flopped and the straight is received by river card.

10. Lastly, there is a decent chance of flopping “three-of-a-kind” and then receiving a “four-of-a-kind” or a “full house”, by the river card. This event has an odd of about 37%.

Players are advised to learn by heart all the above probabilities, so that they will be able to make appropriate decisions like whether to fold or rather stay in the game.

Texas Hold’em Miscellaneous Probabilities

Posted by neo | Poker | Saturday 11 December 2010 4:31 pm

A player must be aware of the ‘Card probabilities’ and ‘Flop odds’, while participating in a Texas Hold’em Poker Tournament. It will help the player in decision-making processes, like should he fold or continue the game, at a given point. However, there is yet another segment, knowing which a player can be assured of having control of the hands. That segment comprises of ‘Miscellaneous probabilities’. These probabilities are used by expert players. It is wise to learn the following probabilities by heart.

1. There is a chance that another player makes a straight by the river, when 3 cards are flopped to a straight. It is nothing but performing a back door straight, which is otherwise called ‘runner-runner’. It has the least possibility of 1.5 % of occurrence.

2. There is a possibility of nearly 17% that the player’s opponent holds a set of 2 cards, which are paired on the board and simultaneously having totally two players in the hand.

3. There is a possibility of nearly 26% that the player’s opponent holds a set of 2 cards, which are paired on the board and simultaneously having totally three players in the hand.

4. There is a possibility of nearly 34% that the player’s opponent holds a set of 2 cards, which are paired on the board and simultaneously having totally four players in the hand.

5. There is a possibility of nearly 43% that the player’s opponent holds a set of 2 cards, which are paired on the board and simultaneously having totally five players in the hand.

6. There is a chance of holding a gutshot straight draw improved to a straight by the river. The possibility of this event is about 17%.

7. When 3 cards are flopped to a flush, which is nothing but a back door flush, there is a chance that flush is also made by the river card. There are nearly 4% chances of occurrence of this event.

8. There is a chance that the player’s opponent owns an Ace in his hand while 1 is placed on the board and there are five players in the hand. Probability of this event is nearly 58%.

9. There is a chance that the player’s opponent owns an Ace in his hand while 1 is placed on the board and there are four players in the hand. Probability of this event is nearly 47%.

Distinction between Limit Hold’em and No Limit Hold’em Poker

Posted by neo | Poker | Saturday 11 December 2010 4:31 pm

Of all, Texas Hold’em is one of the most common and popular poker games. There are two prime subclasses of Texas Hold’em, namely “Limit” and “No Limit”. However, most of the online poker rooms provide “Limit” Texas Hold’em. This is because of the higher stakes and risks involved in “No limit” variation of Texas Hold’em. Hence players with more money, who are willing to take risks, can only go for “No limit”. These two variations have almost similar rules. Nevertheless, it is vital to throw light on the distinction between these two games.

First of all, in “Limit” the system of placing bets is well structured, due to the fact that the bets have to be placed at the requisite level, which cannot be altered by the players. For instance, in a game of “3-6 Limit” Texas Hold’em, for the first 2 rounds, the player can bet in 3 dollar increments and in the remaining 2 rounds the player can bet in 6 dollar increments. It can be reviewed that in this game there are four rounds. Firstly, sharing of cards among the players, after which the 3-card community flop is shown. Thirdly the ‘turn’ card, which is the fourth card, is kept face-up and then lastly the fifth card or the ‘river’ card is placed face-up. According to the “Limit”, the player can bet once at the fixed level and then make up to 3 raises. It is worthy to mention that all the pokers rooms have introduced different kinds of “Limit” card rooms based on the stakes, which range from “0.01-0.02” to “200-400”.
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In the “No limit” variation, the player himself starts the game at a minimum amount. After placing initial amount in the pot, the player is left to play with any amount over that. Depending on the maximum ‘in’ chips, players are free to bet with to any desired amount of money. A condition called ‘All in’ occurs, when the player bets with entire amount of money that he has. It is enough if the player just declares that he wants to put ‘all in’, without any need to actually and physically place all his remaining chips into the pot. Hence, when he declares ‘all in’, it is concluded that he is going to bet with all the chips that are left over with him. The “World Series of Poker tournament” is based on the No Limit” version of Texas Hold’em!

The above details may help in learning the distinction between “Limit” Hold’em and “No Limit” Hold’em Poker.
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