Atom-RSSBad Beats in Poker: We all get them handed to us, and not only do we lose the money, but everyone goes on tilt for at least a hand or two so we can lose more of our poker bankroll!
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Texas Holdem (or Texas Hold’em) is far and away the most popular poker game out there today. Featured in the televised WPT events, and canonized in the poker
film classic Rounders, to many Holdem is the only game to play.
Of course, the game is a little more complicated than that, and as usual, the complications revolve around money. In our poker lobby, you may have noticed three different options under the limit column (Fixed, PL, NL). These options represent the three different Holdem games we offer: Fixed Limit, Pot Limit, and No Limit. The game type you select will dictate the bet minimums and maximums for that game.
In a Fixed Limit game, both the bet and raise amounts for each round are a preset amount. For example, in a $5/$10 Fixed game, both the bets and raises for the first two rounds of betting must be $5, no more, no less. The last 2 rounds have a bet/raise amount of $10.
In a Pot Limit Game, the maximum bet/raise can’t be more than the current pot amount. So, if the pot is $30, you can’t bet more than $30. One thing to note: If you are raising on a player’s bet, your call is already included in the pot. So, for example, let us say the pot is $100. Player X opens the betting with $100. Your maximum bet is now $300 (Pot = Initial $100 + Player X’s $100 + your $100)
Still with us? OK, the final game type is No Limit. The name says it all; there are no maximum bet limits. You can bet as much as you like during any round of betting. The minimum bet is the big blind amount. No Limit Holdem makes for big pots, fast action, and great watching.
Now that you have chosen a game type, it is time to talk about 2 other betting concepts….
The Stakes: The stakes are tied directly to the game type you select. For a Fixed Limit game, the stakes dictate the bet and raise amount for each round. Let us use our $5/$10 stakes example again. In the first two rounds of betting, both the bet and the raise must be $5, no more, no less. The last 2 rounds have a bet/raise amount of $10.
The Cap: In Fixed limit games, each round of betting can consist of one bet and has a maximum number of three of allowable raises, known as the cap. So, if a bet is made, that bet can only be raised three times, after which all players must call, or fold. However, if only two players remain in the hand the cap is increased, to a maximum of five raises.
In both the Pot Limit and No Limit games, the stakes represent the amounts posted as the blinds.
Sound complicated? It really isn’t. Let us use our trusty $5/$10 stakes again. In a fixed limit game, the small blind posts $2 (half of $5 rounded down). The big blind posts $5. In a $5/$10 pot limit/no limit game, the small blind posts $5, and the big blind posts $10.
In poker we use blinds as an incentive for players to play a hand, and build the pot. Consider the blinds like a mandatory bet and raise; any players that want to play the hand must match the big blind to stay in. The blinds are considered live bets, so when the action goes around the table and returns to them, they have the option of checking, calling, raising or folding as they see fit.
Some other notes about blinds: Any player has the option of sitting out and waiting for the big blind to reach them. However, if a player sits out and misses posting the big blind, then that player will be required to post a big blind and a small “dead” blind before returning. This rule is in place to prevent potential abuse from players who join a table and then leave before having to post the blinds.
One thing we haven’t talked much about is the dealer. In poker each player in turn plays as the dealer. At the table we represent the dealer position with...
The Dealer Button: The Button is a graphic symbol that represents the theoretical dealer. After each hand, the button moves clockwise to the next active player, who becomes the dealer for that hand. This player is considered to be “on the button,” and is the last person to act in the betting round. The first player to the left of the button is the first player to be dealt cards, and is the first player to act in each betting round.
OK, let us play some Holdem. You have bought in to a table, sat down and posted your big blind. What comes next?
August 25, 2005
The First Online Poker Site Players Own
LONDON--Behind every groundbreaking new idea is a bright entrepreneurial management team, and PokerShare.com (www.pokershare.com) is no exception. Playit Ownit Limited, the company behind the next generation poker site PokerShare.com, creates the world's first poker site that players own. In the next 12 months, this revolutionary concept is expected to propel PokerShare into the top 10 list of online poker sites.
Playit Ownit Limited was founded earlier this year with the launch of PokerShare.com. The group has set up a software agreement and license with a third party and has servers located in the Kahnawake Mohawk Territory.
PokerShare.com is led by CEO Lucan Toh and Director Max Wright and backed by Mr. Stephen Forsyth and his associates. Lucan Toh left Procter & Gamble in 2004 to join ICC PLC and he currently sits on the board of Library of Life PLC and TFK Investments Ltd. Max Wright, an ex-City Trader from UBS Warburg and Van Der Moolen, brings his wealth of poker knowledge with his solid mathematics and financial background.
Mr. Stephen Forsyth, Chairman of Playit Ownit Limited is the driving force behind an extensive repertoire of companies that spans over 30 countries, including several ventures in gaming. Forsyth believes this is the future of online poker: "Our concept is clear-cut and built for the players with their needs in mind. PokerShare fills a gap that no other serious poker site has and is going above and beyond standard loyalty schemes."
PokerShare.com will operate as a normal poker website - with a significant twist. It will release 40 percent of its company's overall profits back to the players. When you play on PokerShare.com you earn SharePoints from the length of time you play, the number of pots you play and from playing in tournaments. SharePoints then relate to the total percentage of the profit share you receive.
"Dividends paid to players will be divided quarterly depending on each player's participation on the site, rewarding players that play most regularly with the largest share of the profits. To ensure fairness, the Gibraltar-based Poker Share Trust has been established to administer payments to players. It's a concept expected to hold strong appeal with high end users looking to be rewarded for their loyalty," explains PokerShare Trust Chairman Stefan Taylor.
The PokerShare Trustees are:
Stefan Allesch Taylor is the Chairman of PokerShare Trust. Stefan has served as a director of several public companies both in the UK and US. Throughout his career he has gained broad commercial experience in the property, industrial, medical technology, real estate and financial sectors and is regulated by the United Kingdom Financial Services Authority.
British-born Alan Gravett progressed through the ranks of Barclays Bank Trust Company Ltd to become Managing Director in 1985. By 1993 Alan had joined Prime Trust where he has remained Director responsible for the administration of international companies and trusts.
Howard Moss has served as a trustee to several family trusts. He has served as director of numerous companies representing investor's interests in the chemical, property and technology sectors.
For more information about PokerShare or for interview opportunities,
please contact:
Melissa Ross
Lyceum Media on behalf of PokerShare.com
+44 (0) 207 828 6988
Melissa@LyceumMedia.com
Notes to the Editor:
About PokerShare.com (www.PokerShare.com)
Play it, Own it. PokerShare.com is the world's first online poker room to offer its users the opportunity to own a percentage of the company's profits. PokerShare.com Limited (UK) is a wholly owned subsidiary of PlayIt OwnIt Limited. PokerShare.com is powered by Excapsa, one of the largest online poker networks, which includes top sites such as UltimateBet.com and UltimatePoker.com.
How the concept works
When you play on PokerShare.com you earn SharePoints from the length of time you play, to the number of pots you contribute and from tournament fees. SharePoints entitle you to a percentage of the company's profits.
40% of the company's profits go directly into a Gibraltar-based Trust. The Trust distributes dividends to players relative to the number of SharePoints earned.
Contact:
Lyceum Media on behalf of PokerShare.com
Melissa Ross, +44 (0) 207 828 6988
Melissa@LyceumMedia.com
Source: PokerShare.com
August 12, 2005
www.HighRollerRadio.com announced today that Major League Poker's 'On The Felt,' radio show has been included in it's programming line up.
Fort Lauderdale, FL and Atlanta, GA -- www.highrrollerradio.com, a privately held internet sports talk radio format station of online gaming programming which stream casts and produces online wagering, gaming, sports radio shows and information on the world wide web at www.HighRollerRadio.com announced today that Major League Poker's 'On The Felt,' radio show has been included in it's programming line up.
This online radio show created for poker players was the first online show to broadcast LIVE from the World Series of Poker Lifestyle Show at the Rio in Las Vegas this past July. 'On The Felt' was streamed live from the Major League Poker booth directly to the show's sponsor, www.GamingClubPoker.com, so that Gaming Club poker players could listen in on the WSOP action while playing online.
Produced in a sports talk radio format, 'On the Felt' is hosted by Mark Arum, a poker player and radio personality who leads fast-paced, lively discussions and short features on all topics of interest to today's poker player. 'On the Felt' delivers interviews with the biggest names in poker, tips to improve poker skills, as well as the latest poker news, tournament standings and much more. HighRollerRadio.com will begin stream casting the program starting Monday, August 15, 2005 at 6 p.m.
About Highrollerradio.comHighrollerradio.com was founded in 2005 by a group of dedicated, forward- thinking radio broadcasters and high-tech executives. The Company's network of talent and producers provides entertaining information for listeners in a user-friendly, interactive format. The Company programs are used to promote online wagering industry and responsible gambling. For further information, please visit www.highrollerradio.com or call the Company at (954) 239-1089 email e-mail protected from spam bots.
About Major League PokerMajor League Poker is a marketing and entertainment-based company engaged in three primary areas within the world of professional poker: the development and production of original programming for radio, TV and the web, the management of poker tournaments and events, and the creation of top-quality poker merchandise. MLP was founded in 2003 by professional poker player, Roger Ledford. For general correspondence, contact us at: e-mail protected from spam bots or visit our showcase online at www.MLPoker.com.
About The Gaming Club Online Poker RoomThe Gaming Club Online Poker Room is one of the gaming brands operated by Belle Rock Gaming, which is owned by Carmen Media Group Limited based in Gibraltar. Part of the Prima Poker Network - a global card room network where Players from different card rooms play against each other, The Gaming Club Online Poker Room is designed to bring players the ultimate entertainment experience. The Gaming Club incorporates cutting-edge technology and rich interface features to bring the best online poker games to life. Players can experience the action at www.gamingclubpoker.com. As the most trusted name in online gaming, Belle Rock Gaming continues to set the standard in fair play, transparency initiatives and the promotion of responsible gaming.
August 23, 2005
GPS Industries, Inc. an innovator of Wi-Fi wireless and GPS-enabled multimedia communications and management solutions for golf facilities and Party Poker today announced a joint marketing program to enable Party Poker to promote an online poker tournament to more than 80,000 golfers.
Under the pilot program, golfers at 15 golf courses that use GPS Industries' portable handheld and cart-mounted units will receive promotions for the upcoming tournament. Under the terms of the agreement, Party Poker will compensate GPS Industries for every player who signs up through the GPS units.
Pending successful completion of the pilot, GPS Industries plans to expand this type of program globally to its golf courses worldwide. 'We're excited to initiate this program with a company that embraces the technology, sees the advertising potential and the love of the game of golf to deliver an unmatched experience for consumers,' said Robert C. Silzer, Sr., Chairman, CEO and Director of GPS Industries.