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Sunday, October 25, 2009

Texas Holdem Rules -- How to Play Texas Hold'em

Learn Texas Hold'em rules and how to play the game in minutes and start playing this extremely popular poker game, known as the "Cadillac of Poker."
Difficulty: Easy
Time Required: 15 Minutes

Here's How:

  1. The two players to the left of the dealer put out blind bets. The player directly to the dealer's left puts out the small blind while the player two to the dealer's left puts out the big blind.



    Don't know what blinds are? Read more about Betting Basics

  2. Every player is dealt two cards, face down. These are called hole or pocket cards.


  3. The action, or the first move, falls on the player to the left of the big blind. She can either call the bet, raise it, or fold. Betting continues around the table, clockwise.

  4. After the betting is completed, three cards are dealt face up in the center of the table, which is referred to as the board. The first three cards in Texas Hold'em are called the flop. These cards are “community cards” meaning everyone can (and will) use them in combination with their own hole cards to make the best hand.

  5. From the flop on, betting begins with the player to the dealer’s left, who can check or bet.


  6. A fourth card is dealt face up onto the board. This is called fourth street or the turn card.


  7. Another round of betting.


  8. The final card is dealt face up. This card is also called fifth street or the river.


  9. A final round of betting occurs. The remaining players show their cards and the person who can make the best five card hand by combining their pocket cards with the cards on the board wins.



    Note: In some rare cases in Texas Hold'em, the five cards making up the board will actually be the best hand, in which case everyone left in the hand divides up the pot.

  10. And now you know how to play and all the basic Texas Hold'em rules!

Tips:

  1. Make sure you learn the best starting hands in Texas Hold'em poker as well as the worst starting hands to play.
  2. Once you've got the basics of how to play, make sure to understand your position at the table can help or hurt you.
  3. It's always a good idea to follow good poker etiquette.
  4. It is also always smart to follow these top 10 tips to make you a better poker player.
  5. Practice reading the board and which hand beats which with the Texas Hold'em Quiz.

What You Need:

  • 52-Card Deck
  • Chips
  • 2-20 Players
  • A dealer button

Saturday, October 10, 2009

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Friday, October 9, 2009

Can You Beat the Casinos? (Pt.1)

Can a gambler beat a casino?

By BrianX |


Part 1 of 2: You cannot beat the casinos.

The idea of suddenly striking it rich has crossed just about everyone’s mind at some point. While lottery sales soar and more lotteries become legal in new states, casinos continue to be cash generating machines. Few areas of entertainment are as fascinating as casinos and Steve Wynn’s $2.7 billion (yes billion!) hotel-casino in Las Vegas is evidence that there is no slowing down. In fact, Las Vegas is the fastest growing city in the United States. So as tourists continue to flock to sin city, the question that should be asked is: can you beat the casino? The answer is, well, no and yes. This is part 1 (of 2) on beating the casinos.

You Cannot Beat the Casino

Casinos offer a variety of games which admittedly can be fun. These games are there for different levels of skill, interest, and experience, and they have different maximum payouts depending on the game. Regardless of your choice, there is one major commonality between all casino games: If you play by the house’s rules, you cannot win. Casinos are in the business of making money and a lot of it at that.

The reason that governments are increasingly changing their laws to accommodate casinos is that it’s just so easy for them to take your money when you don’t think of it as a form of taxation. In fact, government-run casinos are essentially tax-dollar-generating entities. You have fun while giving your money away but the bottom line is that you are giving it away!

How Slot Machines Take ALL of Your Money

Every single game in the casino is very carefully designed for you to lose money and for the gaming house to win. Slot machines are among the most common and recognizable games in a casino. Here’s an example of how a slot machine takes your money.

Suppose you walk into a casino with $1 to spend and sit in front of a slot machine that offers a 97% payout. You would know their rate of payout is 97 cents on the dollar because some casinos tell you. That’s right, they actually state how much you are going to lose and people STILL play!

So you put that precious $1 in the machine’s slot and pull the level (or press the button, depending on how lazy you are). You will get 97 cents back, having lost 3 cents on the spin. You then take your 97 cents and put it back into the slot. You will get 94.1 cents back (97 cents x 97% payout = 94.1 cents). Since you haven’t smartened up, you put your 94.1 cents in and get 91.3 cents back and so on, until all of your moolah is gone.

Now suppose you actually won 50 cents on the next pull of the ol’ one armed bandit. You’d have 141.3 cents or $1.41. The psychological impact is that you think you’re becoming a winner! A few more of these and a new mansion in Beverly Hills can’t be far behind, you’re thinking. However, as soon as you put that dollar and forty one cents back into the machine, the 97% payback takes control and your winnings decrease.

The more you play, the great the 97% payout will affect you. Eventually, regardless of the ups and downs, the slot machine will take all of your money (unless you stop playing, of course). So if you walk into a casino with $1, spend it on a slot machine and win $100 on the first try, quit while you are ahead because the games are sure to suck it back up! Never gamble what you can’t afford to lose so if it’s worth the entertainment value of gambling away that $100, then go for it!

The truth is that if you ask a problem gambler what a good day is, he/she will tell you it’s those days that you walk in with $50 and it allows you to play all day, versus losing it all in one shot soon after entering the casino. The bottom line here is that even gambling addicts know that the loss of cash is inevitable.

Casinos are in Business to Make Money, Not Make you a Zillionaire

It’s rare that a casino is so unprofitable that it closes. They do everything they can to get you into their establishment. For example, as you stroll down the boardwalk in Atlantic city, you see many hotel-casinos with their unique gimmicks that try to lure you in. They know that once you’re in, they will be making money off of you.

That’s why casinos offer tons of freebies. It all looks free but you are simply paying for it in different ways. High rollers are the big spenders, spending tens of thousands to millions of dollars in casinos. These walking banks usually have more money than they know what to do with, probably mixed with some form of gambling addiction, an addictive personality, or a competitive disposition.

In any case, these people get “comped” meaning that the casinos offer everything to them for free. They get flown in for the night, tickets to the hottest shows in Las Vegas, stay at the best hotels, sleep in the richest suites, and get their meals taken care of. It feels good to get everything on a complimentary basis but always remember how much these people spend before they get to that level.

Casinos Track You

Aside from the security issues, casinos have a vested interest in tracking you. It’s peculiar that many people try so hard to protect their personal information and keep it away from telemarketers and such, yet they will galdly use a comp-card which they insert into a slot as they play games at the casino. That way the casino knows how much money was spent and how long the person played. If someone does enough of both, they get comped with VIP status, depending on the amounts in question.

Funny Stuff

Every once in a while I get a good laugh when someone claims to know somebody who is a professional gambler. “What’s so professional about what he does,” I typically ask, “is he an expert at losing money?”

If anyone tells you they are a professional gambler, take my word for it, they most likely don’t know what they are talking about. Playing by the rules you cannot beat casinos.

Beat Casinos: Continued

Now that you’ve read about how you can’t beat a casino, go ahead and read “You can beat the casino

The MIT Blackjack Team

Can a gambler beat a casino?

By BrianX |

Part 2 of 2: You can beat the casinos



This is part 2 of an article on beating casinos. The first part focused on how it’s impossible to beat the casinos playing legitimately. This second half is about how you can beat the casinos and the Massachusetts Institute of Technology (MIT) Blackjack Team. They are also frequently called the MIT card counting team because that’s what they did to beat the casinos!

Beating the odds at a casino and getting away with it takes a lot of training, skill, patience, and finesse. You have to understand the game inside out before learning about how you can beat it in a casino setting. It takes skill and patience to learn the different methods of card counting and perfect it. Finally, once you get to the casino, you have to be casual and unsystematic so as not to attract attention to yourself. Obviously some players are better than others but in theory, anyone can learn to win at a casino blackjack table.

You Can Beat the Casino

Casinos are in business to generate vast sums of money. Aside from great marketing, they are highly successful because they offer many types of games that appeal to different tastes. Each game has its own odds of winning. One of the most popular casino games is blackjack.

Blackjack is one of the most frequently targeted games by scammers because it’s the one game in which a skilled player can tip the odds in their favor with relative ease. Well, this being a big “relative.” The truth is that the weakness in casino Blackjack has been known for decades.

How Blackjack Card Counting Works

Here is a very simplified explanation of how to play blackjack: Blackjack is played with one dealer and typically 1 to 6 players. Each player is dealt a hand of cards. Each card in the deck is assigned a specific number. Players can take as many cards as they want to achieve their goal of 21 points.

In order to win at casino blackjack, your cards must add up to 21 or be as close to 21 as possible without going over. If the house (the casino) has a lower hand (total score) than you or goes over 21, you win. If it’s a tie, neither side wins.

Based on a 1956 scientific paper he read in a statistics journal, UCLA Professor Edward O. Thorp proceeded to systematically study blackjack patterns. He examined the cards and devised a system that accounted for the variations in those that remained after certain hands were dealt. In other words, he figured out that if you count the cards that are dealt you could make an accurate guess as to whether the rest of the cards in the deck would favor the player or the house. He published the book “Beat the Dealer” in 1962 and it is now considered a must-read classic.

Thorp’s book detailed a rather complex system of card counting. It was the first of its kind and brought a lot of attention to the practice of counting cards in blackjack. Many gamblers and theorists have since modified his ideas and developed much more efficient and effective ways beat the casinos.

Many gamblers have exploited blackjack at casinos and made a lot of money. This list includes the world’s most famous card counters, the MIT Blackjack Team.

Enter: The MIT Blackjack Team

University students frequently play cards and it’s not surprising that young, intelligent, ambitious students with a propensity for math and science would master the card counting method of beating casinos at blackjack. The students who would later become famous for their roles on the MIT Blackjack Team initially began by joining an underground card counting club. The students would play cards and pretty much try to beat the system.

During the 1980s, these MIT students played cards for fun until some of them decided to take advantage of their skills by attempting to beat the casinos. A former MIT professor gathered a group of students and weeded them out to find the ones who could best mesh his unique brand of verbal and non-verbal cues in combination with disciplined training and play skills to beat the casinos.

Gamblers try card counting all the time but few can keep it up for very long. The MIT Blackjack Team was composed of bright students who were used to working hard, staying focused and remaining on task. Under the ex-professor’s guidance, the team kept detailed records of their playing and devised a computer software program that would help them gain a further advantage over the casinos.

There are several types of card counting methods and the MIT Blackjack Team used the most efficient strategies in conjunction with their unique twists that would give them that much more of an edge at the blackjack table.

The MIT Blackjack Team Plays to Win

The MIT Blackjack Team benefited from the help of sketchy investors who would put up money for their training time, flights and other expenses in exchange for a promise that the team would be successful and they’d make a good profit. Team members apparently never even met them.

During the early 1990s, the team really got going and as the playing became routine, the players would bet tens of thousands of dollars per hand. Their levels of playing time and spending meant that they’d get comped with VIP status at the casino-hotels in which they played. Casinos love having big spenders around because in theory and on average, gamblers will lose a lot more than they win so keeping them around longer is good idea. Unfortunately for the casinos, they didn’t realize what was happening until they were taken for hundreds of thousands of dollars, possibly into the millions.

On some weekends, team members would fly from Boston to Las Vegas, returning with hundreds of thousands of dollars, while on others, they would return empty handed. Overall, they returned with a hefty profit.

On more successful trips, blackjack team members would have so much money they would have to hide it. Sometimes they would even smuggle the money or poker chips under their clothes as they sat on the airplane. All this and they’d be back in Boston in time for their Monday morning math exams!

Fake Identities for Team Members

Cheating casinos is no easy feat. The MIT Blackjack Team had to keep up a charade. They made up fake identities for each individual and then played up that falsehood as much as possible. For example, Semyon Dukach was one of the main MIT Blackjack Team members and happens to be of European decent. He used that to his advantage by implying that he was a Russian arms dealer with lots of cash to blow. Oh, if only their parents knew!!

Once they were on the casino gaming floor, each member had different roles. Some would be the main players while others act as support. For example, if the cards counted indicated that the rest of the deck was in favor of the house, the main player would go to the bathroom. That player would return and look for non-verbal cues from another member of the team who was still counting at the table. A sign could be something simple along the lines of playing with one’s hair which might indicate the main player should stay away a little longer. By not having to bet on hands that were sure to result in losses, they maximized their financial returns.

The MIT Blackjack Team and then individual players used their training and smarts to beat the casinos throughout the 1990s. The Las Vegas casinos were used to one-man shows and certainly never expected carefully planned, systematic teams to take them for a ride.

Is Card Counting Legal?

Believe it or not, card counting is allowed at casinos. The reason is that if you’re doing the counting in your head, it’s impossible to prove. It is a legal way to play blackjack. However, if casinos do suspect that someone is counting cards and that player continuously wins excessive amounts of money, they have the right to ban the player.

The MIT Blackjack Team Gets Busted

The MIT Blackjack Team eventually brought itself down. Team members played it cool in the beginning but their wealth and success eventually went to their heads. I think it was only a matter of time since the team was comprised of players around the age of 20 or so. Imagine being 20 years old, getting free flights to Las Vegas, tickets to the biggest shows and sporting events, and enjoying VIP status from hotel staff.

One thing they didn’t account for was that security at the different casinos would talk to each other about players who were suspected of being card counters. As time went on, team members would get together when not gambling and certain patterns of friends emerged which the casino staff recognized. Eventually, they were tracked back to Cambridge (the city right next to Boston where the Massachusetts Institute of Technology is located) addresses and someone from one of the casinos picked up an MIT yearbook. It was all they needed.

The players were immediately banned from the casinos and although they tried to get back in with new identities (putting wigs on, etc), they would get caught fairly quickly. It was all over for them as a team, although some still played in casinos around the world on an individual basis.

Blackjack Card Counting Today

Card counting players using Blackjack as a means of getting rich continues to be a problem for many casinos around the world. However, casinos are using increasingly sophisticated technology to fight back. Modern technology such as face recognition software has helped casino staff keep everything in check.

The Future of the MIT Blackjack Team

The adventures of the MIT Blackjack Team have been featured on ABC, the History Channel, and several other media outlets. Rumor has it that another black jack team is being formed.

In 2002, team member Ben Mezrich released the book “Bringing Down the House: The Inside Story of Six MIT Students Who Took Vegas for Millions” and a movie based on the book is apparently in the works.

Mike Aponte, Mr. J, and Johnny C, all members of the MIT Blackjack Team founded the Blackjack Institute where they currently teach their winning strategies and techniques.

Semyon founded Blackjack Science where he teaches an intensive one-day seminar. His blackjack seminars include lessons he learned from his experiences, such as playing as a team, cut card techniques, shuffle tracking techniques, how to avoid detection, and so on.