• Avoiding the Traps of All American Video Poker

    Added - Nov. 24, 2014 Casino

    Most video poker games have strategies that fall under a basic set of rules. These rules have to do with which types of hands are worth more than others. In All American video poker, you're not typically going to be able to follow these rules automatically because the payout table is different in ways that are very atypical. In short, you'll get big payouts worth 8x for a full house, straight or flush, and the payout for two pair is reduced to 1x. Also relevant is that the straight flush payout has been increased to 200x.

    Let's look at one good example of a trap hand that most video poker fans would play incorrectly in All American. Suppose you have AdAh9h5h3h. The vast majority of players could tell you that a high pair is stronger than a flush draw in video poker, so they would most likely keep the AA and go from there. In this game, however, that's incorrect. The flush draw is worth about 17 percent more of a bet than the pair is, so you'd be losing some major value even though it's a high pair that you would be passing ...

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  • The Factors to Look for When Firing the Second Barrel in NLHE

    Added - Nov. 17, 2014 Poker

    If you're a no-limit hold'em player who has learned all of the basic plays like continuation bets and blind stealing, then you'll want to start looking at more advanced plays like double barreling on the turn. A double barrel is when you continuation bet the flop, are called and place another bet as the lead on the turn. This can be an extremely effective play, but you have to be very particular about when and how you use it if you want to avoid situations where you just set money on fire.

    There are two main things you need for a double barrel to be effective. You need some amount of fold equity and some amount of pot equity. Fold equity has to do with how often you expect your opponent to fold, and pot equity has to do with how often you'll win the pot anyway if you are called. Essentially, good semi-bluffing hands will have a lot of pot equity and will not require as much fold equity. On the other hand, if you don't have much pot equity, then you're going to need a ton of fold equity to make up ...

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  • Hidden Factors When Evaluating Non-Binary Options

    Added - Nov. 10, 2014 Financial

    When you're getting into financial betting, one of the things you might be tempted to do is get into betting on different types of options without fully understanding what's going on with the payouts. Binary options are simple enough because you're betting on whether or not a value will stop above or below a certain threshold. For other types of options, however, the betting isn't always this simple, and you could be on the hook for a lot more in wins or losses depending on what type of bet you're placing and what type of option you're betting on.

    For example, one type of option will allow you to bet a set amount per point of value. So a bet on this option might be a push if it ends at 57 for the day, and every point above or below that would be a win or loss of $5. Ending at 55 would mean a loss of $10, ending at 56 would mean a loss of $5, ending at 58 would mean a gain of $5, ending at 59 would mean a gain of $10, and so on. There will often be caps ...

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  • Learning How to Weigh Different Variables in Sports Betting

    Added - Nov. 3, 2014 Sports

    The process of winning at sports betting is all about developing a system for ranking teams and their ability to score against each other. When you're developing this system, there are tons of variables that you'll have to take into consideration depending on what type of sport or event you're wagering on. Along these lines, it's not always clear to know how much weight you need to apply to each of the factors you're including in your evaluation. We want to give you some ideas on how you can figure out the relative weights for your own system.

    First off, you should start by making a list of the different factors that come into your calculations used for establishing point totals and things of that nature. A lot of people use recursive methods that have to do with evaluating the strength of the offense and defense of different teams in games like American football and football/soccer. These recursions mean that a small error in your calculations will become magnified over time, so one place to start is to try to play with different values to see how much they will change your end results ...

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  • High-Level Caribbean Stud in Four Lessons

    Added - Oct. 27, 2014 Casino

    To achieve the best possible payout rate in Caribbean Stud, you're required to learn an exceptionally complicated strategy for when to raise and when to fold that is almost impossible to learn in a way that will give you a 100 percent accuracy rate. However, with four easy lessons, you can get very close to perfect play. The first lesson is to always raise with a pair or better and to always fold if you have AQ-high or worse. The other three lessons have to do with when to play AK-high hands specifically.

    The second lesson is that you need to know that AK-high hands should be played based on the other cards in your hand and the card that the dealer is showing. If the dealer is showing a card that's a queen or lower, then you should raise if it matches one of the cards in your hand. The reason for this is pretty simple once you think about it: Matching one of your cards means it's less likely that the dealer has a pair, and that kicks things over into raising territory. If you pay attention to the relationship between these cards, then you ...

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  • Why Position Affects Your Ability to Bluff in Poker

    Added - Oct. 21, 2014 Poker

    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 ...

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  • Understanding the EV Factor of Financial Wagers

    Added - Oct. 13, 2014 Financial

    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 ...

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