Showing posts with label online poker. Show all posts
Showing posts with label online poker. Show all posts

Monday, December 7, 2009

Bad Beats - It happens...

Everyone has at least one good story about a time they were handed down a bad beat playing online poker.


You look down at your starting hand and find the ace of hearts and ace of diamonds. You raise and get some action. The flop brings the eight of clubs, jack of hearts and three of diamonds. It's checked to you and you bet. The turn brings the ten of clubs and again you bet and get callers. The river brings the ace of clubs. This time the player in front of you bets. You call and he flips over the four and six of clubs for the nut flush. You have just suffered a bad beat.


A bad beat in poker is when you have a good hand that is a favorite to win beaten by another hand. Most of the time it is a hand that caught a miracle draw on the river that should not have been played to begin with. This is more common in low limit games because many players have the any two cards can win mentality. Many players will play any ace and a few players will play any suited cards regardless of the rank. Some players are calling stations that will enter the pot with marginal or terrible hands and then call all the way to the river in hopes making their draw. Occasionally they do make their hands and you suffer a bad beat.


Bad beats are a normal part of poker that a good player learns to accept. As sure as the sun rises in the morning you are going to occasionally get drawn out on the river. You will lose an occasional pot to a bad beat from these players but their bad play will lose to your solid play the majority of the time. In the long run you will make money from players who constantly chase the inside straights or baby flushes. This is an even more common occurrence for those who play on the online poker sites. There are so many knew players online who will play any two suited, any ace or even any two cards. In these types of games you will find that your bankroll fluctuations will be greater but your wins will be bigger.


There are also instances when your big hand will get beaten by a bigger hand. I call this a legitimate beat which while rare will happen occasionally. I once started a hand with pocket tens. The flop was three aces giving me a full house. One player and I went all the way to the river. At the showdown she turned over a suited ace and queen. I have to admit I was not happy about it but things like that happen. I turned to the player and said, "Nice hand."


Some players get shaken up and go on tilt when they suffer a bad beat. You can't let it affect your play. If you get upset after suffering a bad beat, get up and walk away from the table for a hand. If you are playing go to post and fold or quit and come back later. Cool down and then get back to your game.







   

 


Don’t tell bad beat stories. Bad beats are like the weather. Everyone talks about it but nobody can do anything to change it. It's a really boring subject and so are bad beats. Everyone has suffered bad beats and by constantly talking about them you just make yourself look like as a loser. If you want to talk about poker why would you want to talk about your defeats? Whining about bad beats will not put fear into any of opponents. Poker expert Mike Caro suggests you tell your opponents how lucky you have been and how the cards have been going your way. This will portray a winning image rather than that of a loser.


So the next time you get ready to tell a bad beat story, stop and ask yourself why you want to tell a losing story?




Play today for free:

PokerStars

Full Tilt

Bodog

Betus

Sportsbook

Doyles Room

Ultimate Bet

Aced Poker

Reefer Poker

Absolute Poker

Players Only

Carbon Poker

Oddsmaker


Friday, October 23, 2009

The history of online poker

The game of poker has been around for nearly two centuries. It was a popular games spread throughout the Mississippi River in the 1800s. The game since then has become the most popular card game today.


With the introduction of the internet in the 1990s, being able to play poker against other players worldwide was thought to be impossible. A very smart man, and great poker player, Mike Caro envisioned that one day online poker would become a reality. People thought he was crazy, but on January 1, 1998 the first real money hand was played on Planet Poker. The only game offered by Planet Poker was $3/$6 limit and there were not many players.

Seeing the success of this new concept, other poker rooms were established. Paradise Poker was one of the first to challenge the marketplace when they opened in 1999 and they soon thereafter became the industry leader. Paradise Poker was started by a group of Canadian college students and offered a more games such as Omaha, Seven Card Stud along with the popular Texas Hold’em. They also offered a variety of stakes making it more popular to a larger audience of people. At the time these sites were still fairly basic and were among the few smaller poker rooms available online.

It wasn’t until 2001 that two major sites were launched; PokerStars and Party Poker, which today are still two of the largest poker rooms. They were the first to offer tournaments in addition to the cash games other sites were already running. Both sites had done very well since opening, but online poker was still not very popular. Poker was not all over the TV like it is today.

In 2003 Party Poker started spending millions of dollars on television ads. Party Poker became a huge hit and at the time accounted for roughly half of the population of online poker players. At the same time, PokerStars had its own idea to gain popularity.

PokerStars offered a satellite tournament to the World Series of Poker with a buy-in of $40. Chris Moneymaker won this small tournament to go onto the WSOP where in a field or 839 poker players he took 1st place winning $2.5 million dollars. It was his first live tournament. This Cinderella story along with television ads prompted online pokers popularity to explode!

The revenues of these top sites more than tripled and new sites saw entry into the industry. In 2004 Full Tilt Poker announced its arrival and has since grown to be one of the most popular online poker rooms. The same year, the poker room, Paradise Poker, was sold for $297.5 million.

In 2005 the buzz about online poker had hit its peak. Hundreds of thousands of players were playing everyday and the companies were literally raking in the cash. Yahoo reportedly was interested in purchasing Party Poker, but they were too far behind.

In 2006, with lawmakers angry over the obscene profits being made and not taxed on, the Unlawful Internet Gambling Enforcement Act was passed. This act entailed making funding or accepting funding from an online gambling site illegal. The online poker community was in complete chaos. The sites were not ready for these new laws.

Party Poker was the first company to react. As a public company, with shareholders to protect, it could not expose itself to this huge risk to its business. So it cut off all US players at a stroke, wiping out over 80 percent of its customers and sending share prices plummeting. Several of the other poker rooms such as Paradise Poker would soon follow not accepting US players.

With an abundance of players looking for a new poker room, anyone willing to take US players stood to make a killing. Private companies were only putting themselves at risk. PokerStars and Full Tilt have always been private companies and they continue to reap the profits from US poker players. Today PokerStars is the largest online poker room.


There are still a lot of great online poker sites that accept us players:
PokerStars
Full Tilt
Bodog
Betus
Sportsbook
Doyles Room
Ultimate Bet
Aced Poker
Reefer Poker
Absolute Poker
Players Only
Carbon Poker
Oddsmaker