Phil Ivey Is The Master Of Poker

When it comes to high stakes cash games the fans are usually talking about Phil Ivey, Patrik Antonius or Tom Dwan (also known as “durrrr”). Phil Ivey is a much-feared player because of his extremely aggressive style and his great hand reading skills.

The following example comes from the 2009 WSOP where Phil Ivey was paid out at the end only because of his reputation.

The blinds are $2 000/$4 000 with a $500 ante and 9 players. Everyone folds to Ivey who is on the button and has 8d7s. Ivey decides to take a stab at the pot and raises to $11 000. A typical play by Ivey, he would do it with any two cards so his raise does not tell anything about the strength of his hand. The small blind folds but Perner in the big blind makes a reasonable call with 2h2d. Although Perner’s call is reasonable, I suppose a reraise would have been the right play. When he called he already knew that he would be in a tough situation with a pair of deuces every time except when the deuces hit. Based on this statement a reraise can end up with more success because he could win the pot right there, before the flop. Such small pocket pairs are extremely difficult to play out of position. In this case Perner decided to only call. The pot is $28 500 and the two players see the flop.

The flop is 7cJh7h giving Ivey trip sevens. A paired flop is usually good for a pocket pair because it makes it more probable that the other player missed the flop. Perner thinks also like this and he bets about 75% of the pot, $22 000. Perner had the preflop advantage 52%-48% against Ivey but the tides have turned in favor of Ivey: 89%-11%. He thinks a bit how he could maximize his win and makes a flat call. At this time it is not clear if Perner only bluffs or if he has a pair of Jacks. Ivey hopes it is the 2nd case scenario. The pot is $72 500.

The turn card is the 8h. This is a dangerous card for Perner. He knows that Ivey can have any two cards in his hand and this turn card completes a flush draw, a straight draw and of course it is possible that Ivey has a pair of eights as well. Perner checks, he wants to see what Ivey does. Ivey bets a little over half of the pot, $40 000. Ivey wants to build a pot and does not want to slow play his hand until the end. Perner calls quickly and sends a message to Ivey that he also hit the board. I am convinced that Perner made a mistake at this point and he should have quit with his hand. The pot is $152 500.

The river card is the 7d, giving Ivey quads and Perner a full house. Perner checks and Ivey starts thinking what the maximum amount is that he could get from Perner. Ivey decides to bet $120 000, about 80% of the pot, a big bet which indicates a bluff. Actually the river card is unlucky for Perner. In case Ivey had a straight or a flush Perner would be ahead now. There are also three sevens on the board so it is very unlikely that Ivey has a seven. Perner beats many of Ivey’s possible hands, he is only losing against a Jack, an eight or pocket pairs. Perner does not even think long and makes the call. Ivey wins the $392 500 pot with his quads.

How To Start Your Own Online Casino and Poker Gaming Business

Did you know that online gambling business is currently one of the fastest growing business categories in the world? The popularity of online gaming is increasing rapidly and this year has seen significant growth in Europe and Asia. In China and Malaysia, there are twice as many online gamers as there are Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report that they shop online.

Revenues in online gaming business rose from only $800 million to over $2 billion in 1999! By year 2010, it is estimated that online gambling industry will top over $16 billion in revenues! London-based Merrill Lynch analyst Andrew Burnett says online gambling could generate more than $150 billion in revenues by 2015.

Until recently small entrepreneurs had no chance of getting into the gambling industry, because of huge capital investments, gaming license acquisitions and legal red tape. The internet eliminated all the obstacles. You can now own and promote your own online casino, sportsbook and multiplayer poker room gaming business and generate revenues you’ve only dreamt about.

There are 3 ways to start an online gaming business:

1) Most Expensive – Design and implement all gambling software for an online casino, sportsbook and multiplayer poker room which could cost you millions of US Dollars. You will also need to obtain a gaming license to run your online gaming business, which requires approval from most governments. However, you will have full control of your gambling site, and full knowledge of the source code of your gambling software. In addition, no royalties are paid out to a gambling software development company.

2) Average – Become a Licensee of an Online Gambling Software Provider. This is a far less expensive option to start an online gambling business and you will receive all the gambling software and sometimes even the equipment necessary. It is also the most popular option for both licensed land-based establishments as well as entrepreneurs. Costs range from $30,000 to $350,000. The average licensing fees are around $150,000 (this usually includes marketing costs). In most cases a royalty is paid to the gambling software provider as a percentage of the monthly “take” or “drop” (gross profit). Usually the gambling software provider has payment processing (merchant account providers) already set up for a fully turnkey operation.

3) Most Affordable – Become a Sublicensee of an existing Licensee. This is the least expensive option to start an online gambling business. Costs range from $5,000 to $60,000. The sublicensee is responsible for all the marketing and receives a smaller percentage than a full licensee (2), because royalties paid to the licensee are much higher.

To legally operate online gambling businesses, online casino and poker room owners turn to sovereign governments in countries that permit online gambling and duly issue licenses for gambling operations. The casinos and poker rooms are registered as offshore gambling operations and in turn, the respective countries gain significant licensing fees and tax-generated revenues.

As Internet use spreads across the globe, online gambling business will continue to be one of most profitable online business opportunities of the 21st century.

A Review of the 100 Paulson Pharaohs Club Poker Chip Set

Have you ever seen a chip set as striking as the 100 Paulson Pharaohs Club Poker Chip Set? It is doubtful that you have considering all the unique craftsmanship that has gone into the development of these chips. These are not generic poker chips that you can purchase in a convenience store. They are artfully crafted items that deliver a unique look and appeal that long time players will be attracted to and new players will outright marvel at.

These are most definitely chips that have been carefully designed and produced. The chips are made of professional grade clay which is what gives them their unique look and texture. The material used in these chips is the same you would find in many of the most famous casinos throughout the world.

The Paulson Company has been producing some of the best and most top of the line poker chips in history. Such artistry is most definitely on display with these brilliant chips and the 100 Paulson Pharaohs Club Poker Chip Set truly embodies the look of what an elegant poker chip set embodies.

And yes, such chip sets can truly be elegant. Why bother with the traditional, low grade poker chip set when an amazing one along the lines of the 100 Paulson Pharaohs Club Poker Set is available? Sticking with the best will definitely have its rewards!

The mahogany case that these poker chips come in is also something that can be considered somewhat special. The case itself is originally and artistically designed which allows it to embody all the positive traits and attributes of a designer case.

And, as the saying goes, looks are not everything and the mahogany case of the 100 Paulson Pharaohs Club Poker Set is also designed to make sure the chips are protected and kept safe from harm. Why would you purchase such an exquisite set only to discover the chips end up being degraded because they rub together and end up scratched? Purchasing this set will certainly prevent any damage from occurring.

As an added bonus, the case comes with two decks of cards and 5 dice. This opens the door for a lot of game play and aids in making the 100 Paulson Pharaohs Club Poker Set truly appear to be the fantastic deal that it is.

The chips in this set are known for their strikingly colorful appearance. Such an appearance rarely dulls and even if a little luster is lost, it can be restored by merely cleaning the chips with a little soap and water. There is no need for any special detergents or any treatments. A short, mild cleaning is all that is needed to make sure the end result is the one you are looking for.

Yes, it is most definitely true that the 100 Paulson Pharaohs Club Poker Chip Set remains one of the best chips sets on the market. Why not look into it if you are in the market for purchasing chips?

A Review of the 100 Soprano Clay Poker Chip Set

In January of 1999, HBO aired the hit show The Soprano’s, which was about a New Jersey Mobster, Tony Soprano and his family. For 6 seasons, viewers tuned in faithfully to watch the drama of this family unfold. Many viewers were extremely disappointed when the show went off the air in 2005. The poker chip manufacturing company of Paulson’s has dedicated a set of their fine chips to this show. The 100-clay Soprano clay poker chip set.

This set comes in its own beautiful dark mahogany stained carrying case with real brass hardware and a strong magnet latch to close it. Highly polished it is one of the finest poker chip cases on today’s market.

Inside the case you will find 100 39 mm in diameter chips, these are exactly the same style chips the characters on the Sopranos television show used in their exclusive poker games. These chips come in a choice of color and are made from a clay deposit that gives them full 10 grams of weight. This gives these chips the feel and sound of the more expensive clay chips without the exorbitant price. The stripes are embedded right in the clay, giving them a high quality professional look.

Also included with the 100 Soprano clay poker chip set are five dice and two decks of cards. All for under thirty-five dollars. For the poker play who also happens to be a huge fan of the Soprano’s, these chips are an ideal gift. Bringing back fond memories of the show while allowing them to pursue their own luck at the Saturday night poker games.

Even if you happen to be one of those rare people on the planet who missed the HBO series the 100 Soprano clay poker chip set is still a great buy giving you quality chips in a great storage case as well as the cards to play poker with and dice for other games of chance.

The handsome case allows for easy display in any room of your house and it’s compact size also allows you to easily store or travel with these chips. Imagine the envy of your friends when they feel these high quality chips instead of those cheap plastic ones you have been playing with. No need to tell them just how reasonably priced they are. With poker becoming a favorite pastime of so many people, it makes sense to own your own set of poker chips so why not get a set you can be proud of?

This set will also make great gifts for all your poker-playing buddies. Since you have a choice in chip colors, you can give the 100 Soprano clay poker chip set to several people without giving exactly the same looking gift. Whether for gift giving or your own pleasure this is one poker chip set that is more than worth the money you pay for it, as it will bring many years of enjoyment.

About Casino Gambling – Poker, Blackjack, Roulette, Slots & Craps

Casinos… Think of Las Vegas or Monte Carlo, bright lights, ritz, glamour, people winning money, but mostly people losing money! You may be intrigued by the idea of going to a casino but don’t really know too much about them – please read on to learn more about the fun of a night out to a casino…

According to Princeton University’s ‘Wordnet’, a casino is ‘a public building for gambling and entertainment’. Don’t be overawed if you do go, relax and enjoy. You will most likely have the chance to play slot machines or one-armed bandits as they are commonly known and perhaps other games of chance and some skill. One major thing that you do need to be aware of, is the way that a casino will look to tilt the odds in its favour, which is more commonly known as the casino’s “edge”. However, some games such as poker are played with players versus players and in this case, the casino cannot get an advantage as it is not effectively playing. In these circumstances, the casino will take a “rake” on the bets that players make against each other.

If you have ever been to Las Vegas and gone to one of the casinos there, the first thing that you will notice is the fact that they more often or not have the slot machines (otherwise known as ‘one-armed-bandits’ or ‘fruit machines’) right as you go in. This is because they really don’t require too much understanding to play and it’s not uncommon to see people playing these machines for hours on end. The slot machine will typically involve a lever on the side (the one arm!) and three reels with patterns of symbols on, located in the centre of the machine. The reels revolve as you pull the lever and the idea is to generate rows of matching symbols to win, having paid your required stake via the slot usually on the front of the machine.

There may be times when you will play on a machine which will have extra options available for you to use, often giving the illusion that you will have more control over the reels and a better chance of winning. This may be the case over the short-term, but always remember that playing in casinos is fun, but the house always has the long-term advantage. To give you a quick example…if you were to play a game where you had to bet on what number would lie face up after the roll of a die, then you would expect to see the casino pay six times the amount bet for a win, but in fact the casino would pay five times to maintain its advantage.

This system is often found in famous casino gambling games like Poker, Craps, Roulette or Blackjack.

Blackjack has always been played in casinos because players will play their chips against the House dealer with the successful gambler being paid against pre-determined odds (ie by getting a true ‘Blackjack’ which in other words is a two card combination adding up to 21, the House will pay you 3:2, or 1-1/2 times your initial wager). If you play fair, the chances are that you may end up with a profit, but more often than not, the casino will win, unless you count the cards. Card counting is a black art as far as casinos are concerned and if you are caught, you will be blacklisted worldwide! Effectively, because the playing cards are only used once and then discarded, anyone with a good memory and a highly analytical mind can determine their own odds that a certain card will or will not appear again, tilting the odds in his favour.

Poker is one of the most played games in the world. Its popularity has grown massively over the past couple of years and many casinos would not offer a poker game due to the fact that they were limited to taking a rake (as discussed previously). You may be aware that poker is essentially a playing card game were players are dealt poker cards face down, and then take it in turns to place bets (represented by poker chips with a specific value) based on the strength of the cards that they hold, combined with other community cards placed face up in the middle of the poker table. The player with the strongest combination should win what’s known as the pot (the combined bets of all the players for that hand), however one of the reasons that poker is so popular is the element of ‘bluffing’ where a player may actually have a poor hand, but believes that he can make his opponents believe that he has the strongest combination by means of subtle psychology! This can be as subtle as staring one’s opponent into ‘folding’ his cards, or by moving his entire stack of poker chips into the middle of the table – what’s known as ‘going all in’.

Roulette is a classic casino game, whereby a croupier gently spins a perfectly balanced, wooden roulette wheel with either 37 or 38 recessed ‘pockets’ along the bottom edge of the roulette wheel. As the wheel begins to spin, the croupier will roll a small white ball the opposite way with the intention being for the ball to bounce of raised points on the wall and to finally come to rest in one of the numbered pockets. In European casinos, the wheel’s layout features pockets numbered 1 – 36 and alternate between red and black with the number one, coloured red and zero being coloured green. However in American casinos, you are more likely to see a second double-zero 00 pocket also coloured green.

Again the House pays out against set odds displayed on the cloth covering the roulette table. Typically this will offer 35:1 for single number bets where you bet on one number to win, 2:1 for any column of numbers, and evens for any red, any black, odds or evens.

Craps can be the most fun to play and certainly watch. It’s also the fastest game in the casino with often more than 60 bets per hour. Players will wager bets against the casino on the result of a roll of a die, or the series of rolls of two dice. The great thing about craps is that you don’t have to be rolling the dice to bet, you can bet on how lucky you (hope) the guy rolling is going to be, which is why it can be so entertaining. Essentially, the guy with the dice is called the ‘shooter’ and the basic bet in craps is called the ‘Pass Line’ bet, and by rolling a 7 or 11, the shooter will roll a pass line winner, and can play again. If he rolls 2, 3 or 12, these are known as craps and this is a pass line loss. Any other number becomes the shooter’s point and he continues. It really is a fascinating game with many more rules and options.

At the end of the day, a night out to a casino can be wonderfully entertaining, but casinos have learnt over hundreds of years how to make their games very, very addictive. They are quite happy to let you win a little here and there, but they know that in the long run, it’s you that’s going to be making them happy – do take care!