Poker Slowly Closing Its Hand in Vegas

 

Poker Slowly Closing Its Hand in VegasThere is no denying that poker is a booming business. It is estimated that between commercial live and online poker in Nevada alone, the game generated over $120 million dollars in 2013. That’s pretty much in line with the game’s income in 2012 with a difference of a little over a half million dollars.

Curiously, that difference normally wouldn’t be considered a significant figure, but the University of Nevada Las Vegas notes that miniscule year-to-year increase in revenue as being the first since 2006. This is because despite those numbers, live poker tables are seeing their lowest numbers in years. And that’s with yet another poker room shuttering its doors in June.

The latest closing took place at the Palms Casino Resort, which was already down to less than 10 poker tables. Since 2012, Cantor Gaming had been overseeing the troubled Palms poker venue. Neither the Palms nor Cantor has issued a statement for the reasons behind the closing or commented on the direction of live poker at the Palms. There has been some speculation the resort’s difficulties were simply an inability to get a sufficient number of cash players to sit down for games, even though the operation sat right on West Flamingo Road off the Strip.

This recent closing at the Palms comes right behind other high profile shuttering’s of live poker mid-2013 at both Circus Circus and M Resort. These actions follow the Gold Coast, The D (formerly the Fitzgerald’s) and Tuscany putting live poker out to pasture over the last few years.

Ironically, for the first time in seven years, poker in Nevada is actually up overall. Still, it only represents about one percent of the state’s overall gaming revenues. This is compared to the slots, which accounted for over 60 percent of the state’s 2013 total $11.14 billion gaming revenue.

Black Belt Poker Set to Close

 

The co founder of Black Belt Poker, Neil Channing, has announced that the famous UK online poker room will close at the end of this week. The message was delivered through his official forums, with Channing stating that the decision was made with a heavy heart.

There should be no problems for customers who want to withdraw their money, with Channing insisting that all funds were safe in a “ring fenced bank account”. Withdrawals should be made by the end of this week, or next week at the latest. If the website has shut down before you ask for a withdrawal, you may contact the company through phone or email.

Black Belt Poker has built up a great reputation over the years, and is one of the most respected skins on the iPoker network. Blackbelt PokerWhile it is not top tier, it has a huge UK community of players. Their blogs, forum and games are heavily populated on a weekly basis. Channing spent a lot of his time promoting the website, and would always wear the blackbeltpoker.com logo on his shirts while playing.

It is not clear how existing player points will be distributed. There is a possibility that those points will be available at a few other iPoker skins, but this is not guaranteed.

Channing said that he had no regrets about starting Black Belt Poker, but that things had not turned out how he expected. Six years ago he believed that he could revolutionize the world of online poker, and his site failed to live up to those bold claims. It is a solid website, and will be missed by its fans, but they never got the fame or recognition associated with top poker rooms.

Black Belt Poker has a short yet impressive history. The likes of Sam Razavi and Jamie Burland started through the site and went on to win huge jackpots at the professional level. Neil Channing won the 2010 GUKPT and its $100,000 prize, and finished runner up at the 2012 NL Event.

Increase Your Poker Winrate off the Table

While there are no shortage of strategy videos and online poker training sites to teach players how to make better decisions on the digital felt, few players are aware of the steps they can take to make more money online before they even site down to play. By taking advantage of these basic tips, you can greatly increase your chances of success.

Poker Training1. What is a Winrate?

If you’ve spent any time playing poker online, you know that your winrate is an expression of how much money you are making overall. Your winrate is usually expressed as big blinds/100 hands (or BB/100).

For example, a player who plays 200nl and has a winrate of 2bb/100 is making $4 every 100 hands they play. This is because $2 is the Big Blind at 200nl. While this isn’t much, you can see how improving your winrate just a little will lead to more money won over time, making it all the more important to maximize it where possible.

2. Stop Evaluating Based on Results

One of the most common mistakes made by beginning players is the use of results-based thinking. This occurs when someone assumes they made the right play or made what they feel is a lot of money in a hand. Instead, focus on making the right decisions and letting the chips fall where they may. Over the long run, solid decision making trumps luck.

3. Study Away From the Table

One of the most important things you can do is objectively analyze your hands played after each session when possible. This allows you to take another look at your hands and the decisions you made. You should take notes on what you did vs what you should have done. Try to identify spots where you could have made more money in a hand and what the optimum decisions were in key spots of your session. If needed, have a friend help you, as a second pair of eyes also helps.

4. Eat Right

It might sound silly, but the reality is that what you eat has a dramatic effect on your mental focus and performance when playing live or online. If you’re planning on playing for several hours, you’ll want to consume healthy, vitamin-rich snacks that provide lasting energy as opposed to fatty foods and sugar-filled beverages.

When combined with practice and experience, these tips are a great way to help you maintain focus and start making more money at the tables.

PokerStars Sunday Briefing

It is a testament to online poker that so many great players from around the world logged into the PokerStars tournament on Sunday. This tournament is known as the Championship of Online Poker, and was played by around 2,133 players on Sunday evening. There was a $5,200 buy in, which results in a prize pot of up to $10,655,000. Those are huge numbers for online poker, and it shows just how great this tournament is. After Sunday’s events ended, there were 296 players left in the game. These players will be trimmed down until a champion is found at the end of Monday’s games.

Poker Stars - The Dark Knight

There are plenty of great players who are leading the table at the end of the first day. Dan Smith, better known as Danny98765, is third in the table with 536,211. The only men who have more chips than him (719,357 and 551,511) are HeroCallFold and Pkr_b77 respectively. There are other players who are also in line for the ultimate prize. While they may not be in the top three or four, these players have enough chips to be able to have a say in the final outcome. These players include Jake Cody, Liv Boeree, Jason Mercier, Shaun Deeb, Humberto Brenes, Mike McDonald, Andrew Lichtenberger, Steven Silverman, Vicky Coren, and Shane Schleger.

There are other events taking place at PokerStars, besides the main prize pot. There was the $10,300 high roller game, and it featured many of the game’s most talented online poker players. The likes of Daniel Negreanu, Dan Kelly, Bertrand Grospellier, and Phil Galfond took part. However, a certain Frenchman Alex Luneau came up with the goods when it mattered, and walked away with $234,350.

Another small money tournament that took place was the $2,100 WCOOP HORSE match up. This game was won by vachette17 from Hungary, although he was run close by Viktor Blom and Eugene Katchalov. This was the first time that Katchalov has one a major tournament, and he took home the major prize of that draw.

PokerStars always brings out the best players, which is why these fields are so competitive and tightly contested. It is likely to go down to the wire on Monday, with a lot of money up for grabs. The smart money would be on one of Sunday’s top three to come out on top, but online poker often has a way of surprising us with the results.

Caesars Takes to Online Poker

Somewhere in Nevada at 9:19 a.m. Pacific Daylight Time, either a resident or a visitor of the state logged on to a tablet or a computer to play the World Series of Poker on the Internet for real money for the first time ever. For the operator of the brand, Caesars, the real money to be made for the World Series of Poker is online where it can more easily be accessed by international professionals.

The symbolism of this moment is just as relevant in this story; Caesars has now become the first major casino operator of Las Vegas to get money from online gambling.Casino

Though it was outlawed seven years ago by Congress, online gambling now has gained a legal foothold within the country, though it is limited. Each state has different regulations for online poker and casinos, though international countries like the UK and Australia are still easy candidates to get in on the online version of the World Series of Poker.

Nevada paved the way for this possibility, followed by Delaware. However, both have relatively small populations that make it difficult to make money by local residents alone. Though regulation is expected to occur in New York, New Jersey, Illinois, Pennsylvania and California, the real market is international — outside of the United States.

The politicians are not the only ones who are slow to accept the presence of international online gambling, and they have only actually accepted it due to the benefits of tax revenue. Some major casino moguls have reacted ambivalently and some hostilely, considering online gambling to be the unworthy offspring that will damage their palaces.

According to Sheldon Adelson, online gambling is merely a threat to society, calling the industry a toxin that needs to be resisted. Steve Wynn, a man who has been making great strides to further expand his Wynn Resorts empire throughout Macau and North America, expresses an attitude that can be best described as ambivalent.

Garber, the former chief executive of PartyGaming, recalls back when his company was popular among Americans and international residents alike. He states that everybody wants to learn how to play poker online before taking it to the casinos, which creates an industry that will help achieve this goal. He hopes that casino operators will stop viewing online poker as a threat and instead as a proper supplement to the numerous casinos throughout the world that will benefit from the industry’s presence.

Learn To Play Texas Holdem Poker Using The Top Ten Starting Hands

Some say that to successfully learn Texas Holdem poker it takes much practice, time and lost revenue to master the game. Realistically and truthfully anyone could actually become a holdem poker master in a relatively short time. If anyone really has the determination and time to do so. Are you ready to dive in and master the game of Texas Holdem poker? If the answer is yes, without a doubt, sign me up, or I’m in, then read on to see the basics.  Texas Holdem poker is played with a standard 52-card deck. Although the game uses a standard deck of cards, it differs from other card games. Texas Holdem uses five community cards which are dealt face up on the middle of the poker table.

The dealer will then burn a card and deal three cards face-up in he middle of the table. This is called “The Flop”. Each player can then decide to check, bet or fold their five card hand. (Their five cards consist of their two face-down cards and the community cards the dealer just flopped for everyone to see.) After a round of checking, betting and folding the dealer will then burn a card and deal another card face-up in the middle of the table. This card is known as “The Turn” card. Again, each player can then decide to check, bet or fold their hand based on the best five-card hand they can muster from the six total cards.

After another round of checking, betting and folding the dealer will then discard the last burn card and deal another card face-up in the middle of the table. This card is called “The River”. Again, each player can then decide to check, bet or fold their hand based on the best five-card hand they can muster from the now seven total cards. All players will then consider their two face-down cards and three of the five community cards to create the best possible poker hand. The player with the best ranked 5-card hand wins the round and rakes the pot.