Added - Oct. 21, 2014
Position matters for a lot of things in poker, and most of the time people are just told it's an advantage to be in position because you act last. However, one thing that's interesting about the game is that you should actually bluff more often in heads-up pots when you're out of position. We're going to show you why that is, how it works and what you can do to take advantage of this fact in the following.
Start off by remembering the goal of a poker hand: You want to make the choice that gives you the highest overall average value for your hand. When you're in position with the option to bluff, you'll have to choose between bluffing or checking. When you check in position, you get to see the next card or showdown 100 percent of the time. However, that's not the case when you check from out of position. If you aren't sitting with a hand that's good enough to check/call with, and you shouldn't be if you're choosing to bluff, then you will be folding when you face a bet yourself. Along these ...Read More
Added - Oct. 13, 2014
In financial betting, you have to understand certain aspects of mathematics if you want to be able to do the proper analysis to have a chance at developing models that can beat the markets that you're interested in. One of the most important concepts you need to learn is that of expected value, or EV for short, and while it's an extremely important topic to learn, it only uses basic multiplication and addition if you organize your work correctly. We're going to show you how to do this organization and how to make sure that everything works out like it's supposed to.
There are certain pieces of information that you need to know or approximate if you want to find the EV of a specific bet. That information is a list of every possible outcome for the bet, the chance of each outcome happening and the profit for each of those outcome (whether positive for a gain or negative for a loss). We're going to use an example of a binary option type of bet where a certain market closing above level M will give you a win of $100 while that market closing below ...Read More
Added - Oct. 6, 2014
If you're betting on any type of sport between two people or two teams, being a winning bettor requires you to accurate assess the winning chances of each side to look for profitable bets. One of the best methods of going about this is what's known as recursive analysis. The idea is that you're able to do a process over and over again to zero in on what you believe the winning chances of either side will be or at least the average number of points that you expect each side to win in the case of spread betting.
Let's take the offensive capabilities of an NFL team as an example. You can start off by looking at how many points they have scored on average against the teams they have faced. This would give you a very elementary idea of their offensive output, but you have to take into consideration that they have faced different teams with different defensive capabilities. From there, you can make your view more specific by trying to quantify the value of each defense they have faced by looking at the number of points each defense has allowed against different teams ...Read More
Added - Sept. 29, 2014
In the world of online blackjack, there are several different types of games that you can try that are different than the standard version of the game. Spanish 21 is a game that a lot of people end up trying, and because they don't adjust to the changes in this game, they usually end up having really bad payout rates. We want to give you a general overview of this game and why the strategies involved with it are different than what you're probably used to.
This is a game that's played with what's known as a Spanish deck. The typical 52-card deck is called the French deck, but the Spanish deck only has 48 cards since all of the tens are removed. This drastically changes the gameplay in a lot of key situations, and it's the number-one reason why people who try to play a normal strategy don't do so well. On top of that, there are some atypical rule changes like the ability to double with any number of cards and the ability to double or surrender after doubling. When you add all of these atypical rules together, you can find that ...Read More
Added - Sept. 22, 2014
No-limit hold'em is the most popular form of poker out there, but what most people don't realize is that it's also one of the most basic forms of big-bet poker. Because the hand distributions are really easy to describe, it's a measure of the pure skill of the players when it comes to reading each other and exhibiting solid play. What we have for you here is three basic plays that you have to know if you want to achieve much of anything when it comes to playing no-limit hold'em.
The first play that you have to know is stealing blinds from late position. If it folds to you in the cutoff or button seats, then you can raise with a wide range of hands. The reason for this is that the blinds are going to fold a lot of the time, and this can make it a profitable play without even having to see the flop. If they do call down, then they are put in a position to play all of the post-flop streets out of position which is a massive disadvantage even if they have stronger hands than you on average.
The ...Read More
Added - Sept. 15, 2014
There are a ton of different choices in financial betting that can be considered "options." However, digital options are somewhat unique in that they are very simple versions of these ways of betting. While they aren't particularly popular in and of themselves, they do offer a lot of lessons that can be applied to other types of options and other types of financial betting in general. If you know the mathematics that drives digital options, then you can quickly apply it to other types of wagers, and that's exactly what we want to teach you to do here.
With a digital option, you're going to be betting on whether something is above a top value or below the bottom value of a range. For example, suppose you have something you're betting on the value of. You might be able to bet on whether it shows up above $100 or below $95. It doesn't matter how far above or below these lines it would go: Winning on $150 would be the same as winning on $101 as far as payouts are involved. This isn't the case with many other types of financial bets, but that ...Read More
Added - Sept. 8, 2014
One of the most popular games to analyze for betting is American football. Everything basically boils down to trying to figure out how many points each side is expected to score and what their variance is going to be like on that average number of points. The idea here is that you compare a team's offense to the defense it's going to be facing to try to come up with a model that will give you an expected number of average points for them to score. From there, you can figure out what you believe the average point spread will be and who will win a given percentage of the time.
If you start with the offense, then what you can do is look at the defense of the teams that they have played against to start to get a basic idea of where they stand. You can look at things like turnovers, points scored, average yard gains and things of that nature. It's a pretty solid starting point, but you'll have a hard time getting a lot of information without it being a few games into the season. For this reason, you can cascade out ...Read More