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Rakeback in poker

The poker site will charge you a rake after you deposit real money and begin playing poker. When playing for real money, for instance, each participant will be required to pay a fixed fee every pot to the poker facility. The size of the rake is determined by the number of participants and the style of poker being played. In online poker rooms, the rake is the admission charge. It’s possible that the rake for a $55 buy-in event will be $5.

The question is, what exactly is a rakeback? Rakeback refers to the percentage of the rake that is returned to you after each hand. Some online poker venues will give you 30–40% of the rake you’ve paid in a given week back into your account. As a promotional tool, rakeback helps make online poker rooms more attractive to players by offering more favorable conditions than their rivals. You should also be aware that the vast majority of online poker sites use rakeback services provided by a third party. The largest poker sites, however, prefer to handle rakeback payments in-house and don’t work with other companies.

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Poker math definition

Poker is a skill-based game in which you must be able to assess your opponents and the circumstances at hand in order to get the upper hand. Poker has a strong focus on math. You can determine your odds of winning in practically any circumstance with the aid of mathematics. All you have to do is understand how to accomplish it. How math may help you win in poker is a common question. And we’ll provide you with a thorough response in this text.

First off, you don’t need to use any mathematical techniques to win poker games. You should keep in mind, however, that your rivals may be aware of such tactics and almost always will be, and they’ll strive to use them aggressively. It makes no sense to not study the wide range of math-related methods, particularly when playing professionally since arithmetic offers you a significant edge over an opponent who doesn’t utilize it.

For instance, sketching hands is a common application of arithmetic. You must decide whether to call if your opponent bets and you have a draw in order to attempt to finish your next card draw or fold and allow your opponent win the pot. A player who is proficient in poker math will always know whether to call or not in this scenario, as opposed to a player who is not.

Poker math doesn’t need understanding of challenging equations and methods. To win games, all you need to do is master the most common strategies. When you choose to depend on information rather than luck, you boost your chances of winning since talent grows with experience.

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PokerStars Caribbean Adventure, PokerStars Players Championship to Return in…

Thomas Wolfe famously once said that you “can’t go home again.” Come 2023, PokerStars is going to test that adage. Last week, PokerStars announced it will resurrect two of its most popular tournaments in 2023, taking them both back to the islands of the Caribbean for action.

PokerStars Caribbean Adventure, PokerStars Players Championship Coming Back

The announcement of the return of the PokerStars Caribbean Adventure and the PokerStars Players’ Championship surprised many in the poker community. The two events, which have not been contested since 2019, will return to action in January 2023. The tournaments will also have a new home, the Baha Mar Resort in Nassau, the Bahamas.

“We have missed our live events as much as our players, so it is our true pleasure to announce the PokerStars Players Championship will take place at Baha Mar in January,” PokerStars Managing Director & Commercial Officer Severin Rasset stated during the announcement of the return of these events. “Beautiful location, hundreds of qualifiers, with millions to win. If there is one tournament to choose for a once-in-a-lifetime experience, it will be the PSPC. We will provide more details soon on how to get your hands on a Platinum Pass – stay tuned!”

The PCA will feature a plethora of events during its run from January 22 to February 3. Part of that festival schedule will be the PSPC, which is a $25,000 buy-in event and will run from January 30 through February 3. As usual, there will be plenty of opportunities for players to satellite into the Main Event of the PCA and the PSPC through PokerStars over the course of the year.

The announcement of the return of the PCA and the PSPC also coincides with PokerStars’ announcement of firm dates for two favorites of the European Poker Tour roster. The EPT Barcelona will return to action at the Casino Barcelona from August 8-21. The EPT Prague, which came back earlier in 2022, will return in December to close out the calendar year.

Long History for PCA

To say that the PCA has a long history in the annals of poker is akin to saying that online poker has had “a trivial effect” on the game. The PokerStars Caribbean Adventure began back in 2004 as a trip on the Royal Caribbean cruise ship Voyager of the Seas. In partnership with the World Poker Tour, the cruise helped to put the “world” in the WPT and solidified PokerStars as a legitimate player in the online poker world.

The next year, the PCA moved to its Atlantis location and went on a decade-plus run of success. Consistently held in January, the PCA offered players the opportunity to escape the doldrums of a winter’s chill by heading to the sun-kissed sands of the Caribbean. It offered something for everyone – the poker was active, PokerStars provided plenty of entertainment for those outside of the tournament schedule and was universally recognized as one of the top tournament experiences in the poker community.

It also did not hurt that the poker was top-notch. Champions of the PCA included the inaugural winner Gus Hansen, the late John Gale, Bertrand ‘ElkY’ Grospellier, Galen Hall, John Dibella (recognized as the first “amateur” to win the tournament), Dimitar Danchev, Mike Watson, and Christian Harder. In 2018, Maria Lampropulos became the first woman to win the PCA title, defeating a field of 582 players to capture the crown.

For some reason, PokerStars tried to tinker with the PCA with devastating results. The tournament was renamed the “PokerStars Championship Bahamas” in 2017 after PokerStars unceremoniously ended the EPT (the PCA moniker would return the following year) in favor of calling the circuit the “PokerStars Championships.” After ‘Chino’ Rheem won the event in 2019, PokerStars ended the entirety of the PCA (failure of contract negotiations with the Atlantis were allegedly to blame).

The PSPC does not have quite the same history as the PCA, but it certainly dropped with a bang when it hit the poker scene. It has only been contested once, in 2019, when PokerStars tried to make a $25,000 accessible to “the masses.” Through handing out “Platinum Passes” (tickets that not only gave out the buy-in to the tournament but also lodging and travel accommodations), plenty of online wizards were able to get into a tournament that they otherwise would not have been able to enter.

Did it work? It sure did! The 2019 PokerStars Players’ Championship drew in the crème of the poker world and a slew of online qualifiers, eventually bringing in a field of 1039 entries. It became the largest ever tournament that featured a buy-in of that amount and one of the “Platinum Pass” entries, Ramon Collilas, emerged as the victor of the tournament and the winner of a $5.1 million payday. PokerStars has been champing at the bit to hold the second version of the tournament, but…COVID.

The return of the PokerStars Caribbean Adventure and the PokerStars Players’ Championship puts the bow on the return of poker to the international stage. With hope, all will go well over the next nine months and the poker world will be able to gather in the Bahamas come January and two of the most popular events in poker history can come back to life.

Source: pokernewsdaily.com

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Decks of cards for playing poker

Poker decks may vary, but the most often played varieties of the game employ one of three different kinds of decks, with the only difference being the amount of cards.

36 cards – there are 36 cards in the deck, nine of each suit from 6 to ace. A flush becomes better than a full house because this deck differs from the “standard” 52-card deck in several mathematical ways. This deviation from the traditional hand rating occurs because of this. When using the 36-card deck for games, keep this in mind.

The most common deck has 52 cards, which range in value from 2 to ace. The majority of poker methods and manuals recommend using this deck.

Two jokers were added to the standard 52-card deck to make it 54 cards. Any card may be defeated by the joker, who can take on any function. A new potent hand known as “poker” that is made of of cards with comparable values sometimes arises in poker variants. The joker takes the place of the fifth card since there can only be four cards of the same value because there are only four suits. Even the royal flush, the greatest hand in traditional poker variants, cannot compare to this one.
In all poker rooms and decks, the names of the cards are the same regardless of how many there are. 2-3, 4-5, 6, 8, 9, J, Q, K, and 10 are the only other numbers. Both “10” and the abbreviation “T” are occasionally used to spell it. Many players find it strange, but other people think that “10” sticks out since it’s the only card with two digits in its name.

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“Fit or Fold” As a Strategic Approach in Poker

You can most certainly play poker with a straightforward approach. Play the Top Ten hands, pocket Aces through tens with Big Slick and Big Chick tossed in with the occasional foray with an A-J- or A-10, but eventually that will become recognizable, especially by your opposition. Thus, when you come in for your raises, the entirety of the table will run the other direction and you’ll get nothing out of the effort.

The next step in your poker evolution is to start incorporating some trickery into your game. When you play certain hands like baby pairs or suited connectors, you’re going to face a change. With these hands, should you miss, you’re probably not going to win the hand (pocket Aces or Kings can sometimes survive on their own). Thus, you have to look at the “fit or fold” approach, which can be a very profitable and strategic approach to poker.

If You Fit, You Sit

First is the easy part of the equation. If you hit your hand – say catch a trey while holding pocket threes or hit an open-ended straight draw with your 8♠ 7♠ – then you’re going to “sit” in the hand. You should be able to call a bet, if there is one ahead of you, or you can open up the betting yourself should you have the action. Because you’ve hit what you were looking for, you’re ready to go to battle with what you’ve got.

The problematic side of this is if an opponent continues to play against you in the hand. Let’s say the hand is K-3-8 with your pocket threes and, after it is checked to you, you put a bet on the table. Now your opponent wakes up with a check-raise. Did you get caught in your own trap? Did your opposition mine his own set? This is where you have to have some information on your opponent, to see if such a play is in their toolbox.

If your opponent calls and comes along, this isn’t the worst thing for you. Especially with our example hand, the potential hand ranges aren’t going to beat you (about the only one that is problematic would be a K-8, in our example, as another King gives you a lesser boat, but a player on A-K or 9-8 isn’t going to catch up with you). But you do have to keep your eyes open to any other potential dangers that might present themselves.

If It Doesn’t Fit, You’ve Got to Quit

In the event that you don’t hit your hand, then your future is pretty much set. Let’s stay with our pocket threes example, except let’s change the flop this time to a K-4-8. Every one of the cards on the flop is bigger than your treys, meaning that even someone with a measly 5-4 has you beat. In this position, you’re probably not going to be betting a great deal of the time and, should someone bet out, it is possible that you’ve got to quit the hand.

But what if you were to “float?” Floating is an option that some players might take on a hand like this, thinking that their opponent was on paint (say a K-Q) or maybe a 9-8 (among other ideas, such as your opponent having their own pocket pair). But you’ve got to be convinced that your opponent would be capable of a play like this. If you do choose to float the flop, then you’ve got the same potential outcome facing you on the turn – do you fit? If not, you’ve got to quit.

Summary

Using a “fit or fold” approach is a good way to mix up your play and be active at the table, sometimes for a small expenditure, and it can be good to get away from an ABC game and make some money. But you’ve got to have the discipline to be able to get away from your hand – “fold” – if you don’t fit into the equation. If you haven’t this discipline, either after the flop or even after the turn, then you will bleed through chips and turn profitable sessions into unprofitable ones.

Source: pokernewsdaily.com

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Poker Psychology

You have probably seen various scenes about poker in many popular movies. The heroes cautiously look at each other, trying to understand each other’s intentions and guess what cards they have in their hands. Unexpectedly for everyone, an outsider who has lost most of his games and is desperate to win his cash back raises his stakes. Is he bluffing? Or does he really have a winning combination in his hands? It is all about psychology, and there is no denying that knowledge about people’s minds can help you win any poker game.

The main key to that knowledge is people’s facial expressions. Some players can hide their emotions effectively, but even the absence of emotion is also a small tip. But remember that you are not the only one watching others, they are watching you too. Studies suggest that people make most of their decisions in poker after judging the facial expressions of their opponents. Here is when bluffing comes in handy – show your grief while having a perfect combination or be too happy about almost losing your stake. Try to look “trustworthy” so fewer opponents would assume you are bluffing, and never believe in what you see when you look at other people’s faces. Psychology is what makes poker not just another gambling card game, but a game of minds full of tactics and strategies. 

The last tip – don’t take it too seriously during home games! Knowledge of psychology can be effective, but it also totally demolishes the lighthearted atmosphere of a fun poker time with friends.

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Arizona State Poker Championship Returns on July 8

After being postponed for two years due to the global COVID-19 pandemic, the Arizona State Poker Championship will return this July.

The Arizona State Poker Championship Will Run Through July 8-12

The 16th state poker tournament will return to the Talking Stick Resort in Scottsdale. Resuming after two years of postponement due to the pandemic, the Arizona State Poker Championship is planned to launch on July 8 and run through July 12. The event will take place at the Talking Stick Arena Poker Room. The overall prize pool of the prestigious tournament is expected to be more than $1 million.

Sign-ups for the tournament already started on May 28. The buy-in for the tournament is set at $1,100, which also includes a $100 service fee. The buy-in grants the poker players $16,000 in tournament chips. However, additional $10,000 bonus chips can be purchased for an extra $30.

It’s important to mention that the bonus chips can only be purchased before the players have received their first hand. On the other hand, re-entries to the Arizona State Poker Championship, as well as late entries will be allowed until the end of the first break on all-day ones.

The Championship Is One of the Most Exciting Poker Evens in Arizona

According to Talking Stick Resort, the tournament rolls out on June 8 at 9 AM. Then the semi-finals are going to take place on June 11, starting at 9 AM once again, while the finals are planned for July 12 with 10 AM as starting time. Besides a monetary prize, the tournament will award the top players a trophy.

Of all the tournaments we host, the Arizona State Poker Championship is easily the most exciting.

Ramon Martinez, director of public relations at the Talking Stick Resort

In a statement released Thursday, Talking Stick Resort’s director of public relations, Ramon Martinez, acknowledged that the Arizona State Poker Championship is one of the most exciting tournaments offered by the venue. He went on to explain that the players “have big, colorful personalities and their poker play is mesmerizing.”

The popular event is expected to attract some of the best poker players from different parts of the globe. Moreover, the championship will take place at The Arena Poker Room, which is Arizona’s largest poker room. The room features 47 tables and 16 big-screen TVs. Visitors to the poker room can also enjoy different foods and beverages.

Source: gamblingnews.com

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Poker Online

As a rapidly expanding market, online poker is a major source of revenue for the world economy. Just a computer and an internet connection are needed to begin playing, making it easily accessible. Some pros in the poker world look down on online poker rooms because they believe poker is a precise psychological game that can only be enjoyed by facing live opponents. Those arguments aren’t completely without merit, but the ease and convenience of online rooms more than make up for any shortcomings.
Since casinos are outlawed in many countries, poker fans who want to indulge in their pastime must resort to playing the game they love in virtual settings, such as online poker clubs. Here’s where online poker rooms come in useful; if you’re familiar with the game’s rules and basic card combinations and have access to a computer or mobile device with an Internet connection, you can start playing right away. Since many of the activities between turns may be automated in online poker, it is also much more convenient. Due to the lack of physical proximity between the player and the other players, internet poker is a good option for novice players who are concerned about unintentionally revealing their hand.

Poker Rooms Online

The first step in playing poker online is always choose a reliable poker room. PokerStars, 888Poker, and Ipoker are three of the most well-known virtual card rooms for playing the game. The online poker market is 90% concentrated in these “playgrounds,” and tens of thousands of players frequent them every day.

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BetMGM’s First Live Poker Tournament Breaks Guarantee, Shows Off…

BetMGM‘s first-ever live poker tournament beat its $1 million guarantee. The success of the four-day tournament in Las Vegas also boosted speculation that BetMGM Poker NV — a project long-rumored to be in the works — could be closer to reality.

The premiere BetMGM Poker Championship, held at the ARIA Resort & Casino in Las Vegas from June 23 to June 26, drew a total of 343 players. The tournament’s popularity ultimately pushed the prize pool up to $1,097,600. The top 44 finishers took home prize money.

Another factor that helped propel the BetMGM tournament was that it headlined the ARIA Poker Classic, a more extensive series that began on June 1 and wraps on July 17.

The BetMGM Poker Championship represented the operator’s second crack at running a major online satellite campaign across Michigan, New Jersey, and Pennsylvania — the other states where it offers online poker. Its first campaign supported March Poker Mania, a series held in the three states mentioned above in March.

Series Shows BetMGM’s Potential to Challenge WSOP/888

For BetMGM, the live series provided a rare opportunity to see how it could give the rival WSOP/888 Network some severe competition.

WSOP NV is currently the only online poker operator in Nevada. The brand’s monopoly started in 2014, when the state’s first online poker room, Ultimate Bet, ceased operations.

Nevada is one of four states to have signed the Multi-State Internet Gaming Agreement (MSIGA), which allows operators to combine player pools with those in Delaware, Michigan, and New Jersey and share liquidity. Michigan joined the interstate compact in May and is currently working on getting its three online poker operators, including BetMGM, on completing a handful of requirements before authorizing interstate play.

To date, the WSOP/888 Network is the only operator able to take advantage of being in all four MSIGA states. The network includes WSOP NJ and 888poker NJ, WSOP NV in Nevada, and three racinos in Delaware running 888poker software with racino-branded skins.

A new entity, potentially called the partypoker US Network, could link BetMGM Poker MI and its counterparts in New Jersey that form the BetMGM NJ Network — specifically, BetMGM Poker NJ, Borgata Poker NJ, and partypoker NJ.

While a four-room poker network across two states could blunt WSOP/888 to a degree, the prospect of a five-room poker network that spans three states would make the BetMGM brand — a 50-50 joint venture between Entain and MGM Resort International — more competitive. Hence, the allure of a BetMGM Poker NV launch.

Weissman Draws Royal Flush on the Way to Tournament Win

Joey Weissman of New York won the BetMGM Poker Championship and took home $224,236. The poker pro scored three final table knockouts, including a royal flush. Paul Hoefer of Germany was second with $159,152 in winnings and was the only player from outside the US to make it to the final table of six players. Noel Rodriguez of California finished third and won $104,272.

Benji Felson, an online qualifier from New Jersey, finished fifth. BetMGM said the New Jersey resident was able to turn “a $500 online tournament into a Las Vegas poker package before securing a spot at the final table.” Felson ultimately took home a $51,587 payout.

Source: pokerfuse.com

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The rules of poker

The game is designed to be played by anywhere between two and 10 players. The dealer distributes face-down cards to each player. Following the completion of the distribution, the betting rounds commence. Two players (often seated on the dealer’s left) must make forced bets (often called blinds). This is done to stimulate more energetic and vigorous play. After the blinds are posted, the first betting round commences. Typically, betting rounds conclude when all players have either called (the act of matching the wager) or discarded their hands.
If more than one player remains after the initial betting round, three face-up cards are delivered (this event is known as the flop). These cards are required to form hands and can be utilized by all players (they are known as “community cards”). If more than one player remains, a new card is dealt, and this is referred to as the turn. After the turn, another round of betting commences. The last community card, known as the river, is dealt if required. The river is followed by another betting round, and if two or more players are seeking the bank, the reveal happens. Poker hands (or combinations) are comprised of five community cards and two face-down cards held by the player. When the final wager is announced, all players holding cards begin to disclose them.
There are two winning strategies in poker. To acquire the strongest hand or to place a wager that cannot be matched, forcing opponents to discard their hands.