Party Poker Man

The limits tell you two very important things: how much money you need and what type of opponents you’ll face.

A good rule of thumb for a starting bankroll is 20 times the “big bet,” so if you were playing 36 Hold’em, you should buy in for 120. You can buy chips from a cashier, or an attendant will bring them to you at the table.

Low-limit games tend to be populated by locals who play very conservatively. You’ll find these games mostly at the Downtown and off-strip poker rooms like Binion’s and Palace Station. There’s not a lot of action, and the rooms aren’t very inviting.

High-Limit and No-Limit games (1530 and above) are the realm of “Rounders,” professionals who make their living playing poker. The Bellagio is Las Vegas’ premier high-limit room. Unless you can stomach losses measured in the thousands or have a lot of poker experience, it’s best to avoid these games.

The best bet for the casual player is the low- to mid-limit. These games offer nice surroundings and players with varied experience levels, which translate into friendly games with lots of action.

Once you decide where to play, be sure to budget plenty of time. Cause sometimes, the wait can be well over an hour.

The game itself demands a lot of time too. Despite what you see on T.V., the vast majority of your time is spent mucking your cards.

The good news is that your money lasts a long time. Only the two players to the immediate left of the dealer are forced to ante each hand: a “small blind” equal to half the lower betting limit and a “big blind” equal to the lower limit. A full table has 10 players, so even if you folded every hand in a round, it would only cost you 1.5 times the lower limit: 6 in a 48 game. 10 bad hands at a blackjack table will cost you 100 in a fraction of the time.

There are some other casino-related costs to consider, however.

In exchange for the safe environment, fair game and free drinks, the poker room charges a commission called the “rake.” This is typically a percentage of each pot up to a set maximum. In the 24 game at Binion’s, the rake was 10% up to a maximum of 4. So the house always wins, but at least it’s only when you do too.

The dealers depend on tips for a large portion of their income. While not mandatory, 3% of your winnings are considered standard.

If you don’t have time for all this mucking and raking, and just want a quick shot of No-Limit Hold’em excitement, then tournaments are the way to go. Tournaments allow you to play with a lot more chips than you could otherwise afford, use a rapidly increasing blind structure to speed up the action, and offer the chance to win thousands of pounds.

For 130 to 330 (depending on the day of the week), players get 500-750 in tournament chips and play until someone has them all. If less than 50 people enter, the top 5 finishers share the purse; if more than 50, the top 9.

If that sounds like too much to risk on the long odds of beating 50 other players, show up at the poker room at 1 o’clock to sign up for a satellite. These 1-table mini-tournaments last about an hour and are the best poker value in Vegas. For 35 to 75, 10 players receive 300 in tournament chips and the top 2 finishers win a seat in that night’s main event.

So the next time you’re in Vegas, talk to a brush and tune in to a satellite. It may not be exactly like T.V., but it’ll sure feel like it.

There are many important things to learn if you want to learn to play poker well. Betting is one of the essentials of the game that is too often overlooked because its taken for granted. Of course, you have to bet in poker. If there were no money involved, well, it just wouldnt be poker any more. However, the bottom line is that there are smarter ways to bet than you might have already learned. If youre still betting based purely on instinct, take another look at your betting habits and try to work out ways to fine-tune your game.

The basic idea is that you can either just sneak by only meeting the other bets that the other players have made, or you can be the person at the table forcing everyone else to fold because you are raising the bets beyond what they think is good common sense for betting. Of course, some games dont allow uncapped bets, but if youre playing with friends who allow betting to go on and on, or if youre playing in a casino that doesnt cap the number of bets, you can win simply by being the smartest better. On the other hand, being the smartest better doesnt simply mean being the biggest better; the way to be the best better at the table is to know your odds and to know what kind of a game the other players at the table are likely to want to be playing. You have to be able to assess your own hand and figure out what the odds of that hand stacking up as the best hand at the end of the game. You also have to try to read your opponents so that you can figure out the relative strength of the hands that they hold. If they hold very strong hands, you can either be smart and fold, or you can be smart and simply beat them at betting.

If you want to ever win any games by betting, you have to be sly about it. You cannot always bluff people by raising the bets and forcing them to put money in or to fold. If this comes to be known as your thing then the other players will know this reputation and they will never believe that you have a good hand. The trick to getting betting to work for you is to fool your opponents. If you act like you have a good hand by repeatedly raising the bets, they will know that its statistically impossible for you to have a strong hand every time. Therefore, there are two times when you should get deep into the game without folding. The first instance is if you have a really strong hand. In this case, you should raise the bet many times, but in the safety of knowing that your hand is backing up your bets. On the other hand, if you have a so-so hand, you might decide to bluff your way through the round. If others call you on it, they might just think youre being overzealous about how good your hand really is.

If you choose your real losing hands as your bluffing rounds, and youre ever in a position to have to show your hand (which will happen sooner or later), your tablemates will see just how bad your hand was; this is when your reputation as the all-out bluffer will start to develop. Once you have this reputation, it can be very difficult to recover from it. Choose your strategy wisely and you cant lose.