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Game Theory: How Loot Boxes HACK YOUR BRAIN!

Do you love watching game theory, But don’t want the hassle of logging into YouTube and waiting for an upload, that’s supposed to happen on Saturday, But it’s almost always late every week. Well, now you don’t have to Get all the satisfaction of putting together mind-blowing theories of your own with Theory, crates. An exciting new feature that lets all you loyal, theorists feel the pride and accomplishment of concocting, a new theory out of literally nothing. Each box contains a random assortment of theory, components and memes for you to make your very own game theory From common materials like Mario and Pokemon to super rare content like Doki, Doki, literature, club and even YouTube Meta theories. Now you too can prove that Pikachu is a sociopath or that PewDiePie is Sans It’s as easy, as 1 2 Insert your credit card number here and today to celebrate the big launch, I’m giving each of you loyal, theorists a free crate to get the ball rolling.

Let’S open it up and see: what’s inside, Alright, we got purple guy, a picture of me in a thinking pose ooh Blank was in a coma all along that one is super rare and a diet, coke gag. Damn it every time. Oh wait!

There’S one more in here: Hello, Internet, welcome to game theory where, at this point, You’ve probably surmised, that this episode is all about loot box systems come to every Triple A game near you from Shadow of War to Battlefront 2 2017 generated a lot of strong feelings On this topic, prompting enough gamer rage, that government started to notice and question whether they’re, technically gambling Some countries are even in conversations about banning them entirely, But at the end of the day, the debate over loot crate’s isn’t about how they make us feel It’s about. Whether they’re, objectively bad for players, are they just an annoying business practice Or is there something more sinister at work here? Do loot boxes actually lie Manipulate and steal by creating situations where gamers, especially young gamers, are tricked into gambling without knowing it? It’S Actually a really complex question, with major legal implications and as such, I’m not gon na come down on one side of the issue. Your Opinions on loot boxes can only be decided by you, But what I am going to do, though, is take you through some information that no one is talking about when arguing over this topic.

The science and science doesn’t take sides. Science, just tells you how your brain responds to things like video games, How it responds to loot boxes gambling in casinos and then you can compare and contrast the results so today and Also later this week on Saturday, since there’s a lot to cover on this topic. To do a justice I want to stop and take a couple minutes to objectively look at the biological and psychological Levers, loot, crate’s utilize, to help you decide whether you want to roll the dice and hopes of making your epic soldier look like your Dad at a Backyard barbecue. We begin our little exploration with the concept of the Skinner box, a device created by behavioral psychologist, BF, Skinner to studies Psychological conditioning. His box contained a button, a button that, when pressed Caused a reward to pop out Skinner’s goal with the box was to prove that it was possible to condition animals and eventually humans, to perform certain Behaviors like pressing a button when you reward them. What he discovered, though, was a bit more Interesting.

His studies show that if you provided a reward every time the button was pressed test, subjects Just eventually got bored or felt like they’ve gotten enough and as a result, they stopped pressing the button. But if he only gave rewards to test subject some of the times either Randomly or on a set timer, they kept coming back pressing the button over and over again, sometimes Indefinitely for a guy who wasn’t a game. Designer Skinner is probably one of the single most influential people in the gaming industry, because if you’ve ever played an MMORPG, A timer based social or mobile game or any game that rewards your actions intermittently rewards your actions intermittently intermittent Intermittent slee. I can’t say it Any game that rewards your actions at the regular intervals with anything from points to rare drops. Well, Congratulations.

You’Ve been inside one of Skinner’s boxes by making players anticipate an eventual Reward, rather than giving it to him immediately. A game makers can make them want to play just a little bit longer for one more Level or just one. More item drop the reason. The reason we respond this way is due to our brains, favorite neurotransmitter dopamine. Now I’ve talked about the dopamine pathway before in the context of mobile games, so I’m not gon na get too in-depth here. Just click the iCard in the upper right hand corner of the screen to see that episode, But your dopamine pathway is the one that controls your brain’s reward Center to make.

You feel good for performing behaviors that your brain thinks are beneficial, But it’s actually a bit more complicated than I let on in that previous episode. It’S not just open crate, get spray feel happy. Dopamine isn’t released when you receive a reward, It’s released when you do something that your brain Anticipates will result in getting a reward.

The pressing of the button is what sets off the dopamine, not Necessarily what you get when you press that button, and this has everything To do with how loot crate’s hack into your brain with loot boxes. The rewards you get are randomized, Which means that suddenly, your brain has something to anticipate and, more importantly, a reason to release dopamine. Well sure you might be disappointed to get Hanzo saying For the tenth time.

Your brain has already gotten its dopamine reward in the seconds that it spent opening the box. Many loot box systems actually further heighten the sense of anticipation with timers or long Animations of the boxes, opening Think of all the fireworks that go off every time. You crack open a new pack of hearthstone cards Or a new overwatch loot box, because your brain is rewarding you for buying and opening these boxes, Regardless of what crap sprays you’re getting in, you naturally feel an impulse to buy more ever wonder Why kids channels have So much success opening kinder eggs.

This is it. This is why this psychological phenomenon is present from the time of your birth. Another key psychological factor in the success of most loot box systems is the psychological concept of loss aversion, Which is well Exactly what it sounds like human beings hate losing even more than we love winning. In fact, studies have shown that the average Human feels two times worse about losing some things than they feel good about winning something of equal value.

This psychological Principle plays a huge role in casinos when it comes to all forms of gambling, but especially Completely random games. Like slots, once you start gambling Loss aversion can make it very hard to stop. Many gamblers lose a small amount of money, Then keep putting in more and more money Just trying to win it back. This belief that eventually you’ll net out ahead, if you just keep on going, is called the sunk cost fallacy A failure in the way that our brains work that convinces us to keep going, even when we keep losing simply because we’ve already invested so much time or Money into an activity, if you’ve ever stayed in a Relationship longer than you should have most of the time.

It’S because of sunk costs, your brain is Subconsciously weighing the time money and emotional investments that you’ve put into that relationship And the longer you go. The harder and harder It is to dig yourself out, even if you recognize that she’s a ball and chain on your leg of life, Holding you back weighing you down or on a personal note for me, I’m really bad at calling or texting people back and the Longer I sit on that text, the harder and harder It is for me to write back because it’s like well. They got ta hate me at this point, but here’s the thing about the sunk cost fallacy.

It’S just that a fallacy in casinos. The longer you play the less likely you are to net out a head. Casinos know people hate to walk away when they’re losing, But they also know that their brain is gon na convince them to keep playing longer, Which is really bad for you, since all casino games have higher odds for the house to win. It’S like a vortex for your brains, chemistry and your wallet, Which is why they always say to go into a casino, with a set amount of money, You’re prepared to lose, and in the case of my text, messages Well, Yeah. The longer I go without responding, the more likely people really will start to hate me, So let it be known, Nicolas, if you’re, watching this episode, I promise I will text you back as soon as I’m done more to the point of today’s episode, though, in the Case of loot boxes, some costs is why they can be such a Slippery slope once you’ve bought one and haven’t gotten the item, you were looking for it’s much more likely that you buy two Three five ten until you finally get the item that you wanted.

Now You might expect that the loss of version principle acts as a deterrent to gambling. After all, if people hate losing so much, Why would they ever bet anything in the first place? Well, That’s where Incentives come in Casinos offer plenty of perks to get your cash flowing from dining credits, to free buffets, even free chips at the tables – And I don’t mean free potato chips. I mean free like Cash Money chips, although free potato chips would also be appreciated. Thank you very much.

I prefer salt and vinegar Pringles, Please not sponsored, but totally could be sponsored video games. Do the exact same thing, you ever wonder Why Practically every game with a loot box gives you some for free or enough premium currency to buy one or while you’re allowed to earn Them through regular gameplay with drops becoming less and less frequent? The more you play just look at any mobile game with Microtransactions. They always force you to make a fake micro transaction in the tutorial.

It’S all there to get. You started To overcome that aversion to pinging, and once you amass a decent collection of skins or in-game items, it can suddenly become Very tempting to spend just a few extra dollars to roll the dice one or two more times to try and complete a costume set. Especially when those rewards are only available for a limited amount of time Enter exclusive loot which puts a deadline on you making the decision to pay. If you want it, You got ta, get it before it’s gone forever, all of it. It’S all there to make buying those items a normal part of your gameplay experience, But we’re still not done another way. Casinos and loot boxes exploit weaknesses in your brains is by creating, what’s known as an illusion of Control in Vegas.

Many gamblers are more comfortable betting. On games where they get to make the decisions themselves, such as blackjack, since that makes them feel like they’ve, influenced the game with skill. But even if you make a Mathematically optimal play on every hand in a game of blackjack, your odds of winning are still only 42 percent. While the house has a forty, nine percent chance of winning. If you play for enough time, you will always Lose more than you win, but it feels more fair because of that illusion, trol. If that idea doesn’t sound familiar Hope it should because it’s the same psychological principle as loop boxes, many japanese gotcha games.

Let you pick between several different banners that contain different characters Or items or have increased odds of dropping certain ones in Fire. Emblem Heroes, for instance, you can even pick which color of unit you Want from a random selection of five. At the end of the day, your winnings are still doled out by a random number generator, But simply giving you a choice of which slot you wan na spin is enough to make you feel more comfortable trading in your Cashola for a shot at the prize. Now, up to this point, I’ve only focused on how these games in general get around the ways human psychology works, but I’m far from done over, I guess I should say the people who create these games are far from done, because what I haven’t touched on yet Is that these Games aren’t just trying to get everyone to spend more They’re, specifically trying to get you? Yes, –.

You Lee’s cousin kid Finch who lives on Guildford Boulevard to spend more money, They’re studying the way you play when you decide to make Purchases even when you get fed up and quit for the day, Then suddenly tweaking your unique gaming experience in order for you to Spend as much money as possible, But that is a huge topic that needs to be covered all on its own. So later this week should only be a few days Say Saturday check back to see how games are spying on your behavior to get you to spend money to roll the dice. It’S pretty impressive! How scary some of this stuff can be oh yeah and, as a part of that episode I’ll actually be covering the other side of the argument to why none of this actually Constitutes any form of gambling, which I honestly think might get some of you, loot box, Haters to put down your pitchforks and stop Right into the Belgian gambling commission any way shatter that loot button you see on screen right now to get a random reward.

It’Ll probably just be a subscription and ensure that you see that episode when it comes out later. This week and in the meantime, Remember, it’s all just a theory, a game Theory thanks for paying, I mean watching and hey if you missed it check out that episode. I mentioned earlier on how mobile games hack your brain. It’S actually a really good supplement to this video. So if you’re fascinated by how neurotransmitters affect the games that you play And how you play um, well, then click that button you see on screen Now, if you’ll excuse me, you need to go to text Nikolas back

Poker Rule #1: To Win, Don’t Privilege Your Gut Instincts

So I guess the thing you have to think about in any given poker situation is that you’re dealing with a lot of uncertainty, and it’s all about how to make the best decision in any given moment. So the first rule of thumb is how to extract the most money or chips from your opponent when you have a strong hand, and how to lose the minimum when you have a weak hand. And you’re never going to be a hundred percent certain where you are: Are you beating them or do you have a worse hand? So you have to sort of construct a strategy that is mathematically optimal in each situation. Well, I guess people tend to think of intuition as their gut instinct and my rule of thumb in poker is to only fall on my gut instinct if my sort of logical, my slow brain, the system two as it’s sometimes called, has not come to any conclusive answer.

A lot of people are tempted to go, “This is too tricky, I don’t know!” and then go, “Yeah, well, my gut instinct says this; I’m going to go with that.” But the best thing to do is to work with both, your sort of slow brain and that gut. Say you were playing against your opponent and you’ve noticed that actually they’re someone who’s very solid, they never seem to bluff, and you might have a hand that you would normally call with (say 90 percent of the time), but you know this guy, he’s just never bluffing, never doing it. Well, actually this might be one of those rare situations where you do throw your hand in the muck, where you have a very strong feeling that you’re just not calling; even though mathematically it says it should call, you shouldn’t do it. I guess the art part of poker is when you have these flashes of inspiration where you need to deviate from the math, and the science is knowing whether that deviation is the right thing to do at the time. When it comes to your intuition as a poker player I would say do use it from time to time, but it should not be your starting point.

You, as a rule of thumb, should always go for the slow “system two” analysis, see what answer that comes up with, and then also to check in with your gut. Say you’re in a really big hand, and your opponent has bet, often I’ll have an instinctive response; I’ll be like, “Oh that’s a bluff,” or “they have a really strong hand,” and I’ll make a note of it, I won’t just go with that answer. I’ll go, “Okay now let’s work through the mathematics, let’s look sort of through all the other bits of information: what have they done on other cards?” and so on, and then see if those two answers match up.” Now, if they both match up, great, I’ve got an easy decision, but if one is giving a conflicting answer to the other, then usually you tend to rely on the sort of the mathematic/logic part.

However, it’s really, really close with the mathematics, then I’ll fall back on that gut instinct. But as a rule of thumb your gut is not as reliable as you think. You often see these like memes on the Internet, which is just like, “Always go with your gut! Trust your instincts!” and so on.

And I personally think that’s a copout. I think that’s often the lazy way out for when we are faced with a really tough decision in life, of just going, “well… answer X.” Our brains they love to simplify things, to do things in black-and-white, but we live in a very complex world, and that’s not always the best route to take. So in a nutshell, your gut instincts can be useful, but as a last resort. We’ve evolved of these amazing brains for a reason, so we should be using them.

How to always win at betting in the long run

Please like and comment on the video below that will allow me to produce better quality videos and more of them in the future, if you’re interested in learning to trade successfully in sports, then why not visit the BET angel’ Academy, where we have more detailed videos? So, if you’re looking at a betting market, the only way that you can make money in the longer term is by backing at odds that are above the implied chance of that particular event occurring. So if you can back a football team and that has a 50 % chance of winning, but the bookmakers gon na give you odds that represent a value above that you will make money in the longer term.

The way that bookmakers make money is by offering the odds that just don’t represent value or the true chance of something happening. In order to understand that properly, you need to really understand what the odds mean. So that’s what we’re going to explore in this video?

What we’re actually going to do here is we’re going to take fractional odds, we’re going to convert them to decimal odds and then convert that to implied chance. So you can actually see and understand exactly what value is or isn’t being created when you place a bet. Now the problem that most people have when they place a bet is they’re, just placing a bet to win all that they do is stick a tenner on something because they think it’s going to win. There’S no concept of value in there whatsoever, but by understanding odds you will get to understand value and therefore you will be able to place more sensible bets. So let’s have a look and see how odds are constructed, so you may go into a market and you may see odds quoted at something like 9 to 4, so we’re going to have to use a spreadsheet here, but I’m going to use a spreadsheets to show You the calculations that I’m doing and how I’m arriving at the conclusion that I am so you can see at 9 to 4 if you put a tenner at 94. What what does that mean?

What does 9 for mean, and basically when you’re, looking at fractional odds, you’re looking at a ratio? So if you put 4 pounds down, you will win 9 pan back. That’S the easiest way to understand fractional odds for pan down. You get 9 pan back, of course, with your tenner, and that makes no sense, because you’re gon na put a tenner down how much you’re gon na get back so effectively.

What you’re, looking at with fractional odds, is a ratio. So if I actually go in here and type in a calculation, if I do 9 divided by 4, it’s a basically a ratio. 2.25 times your stake, you will get returned.

So if you put 100 pan down you’ll, get to point two to five times back what you have originally state. So that’s the way the fractional odds work. What you’re viewing when you’re looking at fractional odds, is a ratio.

So one hundred thirty six, two four five, two four seven, two four and ninety-four. All of those things are ratios based upon how much the bookmaker is willing to pay you based upon the stake that you give him now. When you look at a betting exchange, they tend to not use fractional odds, and now, if you move your mouse over the odds you, it will very often give you a comparison of fractional odds.

So you can actually do a direct comparison between fractional and decimal. But let’s have a look at how you would and convert a fractional odds to a decimal and then into an implied chance, because that’s the most important part of what we’re going to do. So if we look at odds of 94, you can see what I’ve done here is I’ve done, I’m nine divided by four equals 225 to convert it to decimal. All you need to do, then is add one to it. So if you’re, looking at odds of nine to four and the ratio is 225 and it means the decimal odds will be 325.

So if you go on to the exchange that you’re going to use – and you see odds of 325 – that is nine to four basically, but what does that actually mean? Is that a value bet if we saw a football team price priced at 325? Is it value or not, and how do we know that that is the case? So if we go in to the spreadsheet again and I do 1/3 25 – you can see that that comes out at point three, oh seven, seven!

So what is that number? That number is actually a percentage to make it easier to understand. If I click on it and then click on the percentage on the spreadsheet, then you can see that this is basically saying that 325 represents a thirty point. Seven seven percent chance of this event. Actually going on and occurring so for the sake of completeness, what I’ll do over here is. If I just do 1/3 25 sorry one divided by the percentage you can see, we can flip it back the other way.

So to get this percentage, I did one divided by the odds and if you’ve got a percentage, then you can actually do 1 divided by the percentage to get the odds and convert it back in the other direction. So if we’re going to place a back bet at odds of 325, we’re saying that we think the thing where were backing has a thirty point: seven, seven percent chance of winning. But let’s say that, for example, that we think that it’s got a 40 percent chance of winning.

So I’m going to go in here and type in 0.40, which you can see the spreadsheet is updated from is forty percent. If I now do 1 divided by 0.4 – oh that cell over there can you see it comes out, it’s two and a half. So what we’re saying is we think the chance of this event occurring this this election winning is forty percent, which would mean that we’re willing to accept odds down to two point: five, any odds below two point: five, it becomes a lay bet if the odds are Above two point five, then it becomes a back about why!

Well, if we look at this, we think it’s got a 40 % chance of winning we’ve done all of our stats, food and all of our maths. We’Ve religiously thought, through the whole thing, we’ve really focused on it and looked at it in great depth and we’ve come up to the conclusion that there’s a 40 percent chance of this happening. However, the bookmaker thinks there’s only a 30 % chance.

So if we do 40 percent minus that 30 percent, can you see that says nine point two to three: that’s saying that actually we have a nine percent edge here effectively if our maths is correct. If our theory is correct, then we think it’s got a 40 percent. Chance were convinced that it’s got a 40 percent chance of winning and the bookmaker has got his odds wrong, so we do actually have some margin there. If we can back at 325, when we think it’s true odds should be at 2.5, we’re going to make money there. However, let’s change these odds up here. If we say we’re now, looking at five to four we’ll go through the same process again.

So if I go into this cell – and I do five divided by four and then we add one to it, can you see the odds come out it’s 225? So this is now saying that the market thinks there’s a forty four percent chance of this particular event occurring this person wing or this team, winning whatever the market you’re. Looking at and yet we’ve said, there’s a 40 percent chance and it’s 225, and you can see that number is turned negative here. So we think it’s got a forty percent chance of winning which equals to 25 we’re willing to back down to odd. We will place a back bet if we get odds at 2.5 or greater.

However, if something is at five to four, the market is offering it to us at 2.25, it’s below our threshold, there’s no reason that we should place the back bit in this market. In fact, you may even want to consider placing a lay bet in this particular market, because the odds are just no good there. So the thing you’d have to say is: is that 4 % margin enough? Am i confident enough that I think that my guess for want of a better word?

My model is a better word is accurate enough that I know that I’ve got a 4 % edge in this particular market, in which case you would lay. But basically, when you go into a market, this is what you’re saying you’re saying: okay, you know Manchester United are playing this tight team. If they played them 10 times, they would win four of those games and that’s where your 40 % is coming from and if you, if you can come up with the reason why that is definitely going to happen. Given all of the circumstances, the team then use the weather, fixtures they’ve got coming up and you think they’re going to win four out of ten of the next matches.

Then that would be how you come up with that forty percent figure. You can convert that. Forty percent figure to odds and then see if those odds are available so on this occasion it isn’t.

But if we go in and we modify the odds that are being offered here, we’re offering ten to four, which then resolves at a ratio of two and a half which converts to decimal odds of three point: five: zero. Obviously, if you can, if you were willing to back a team, that’s two point: five, the markets offering you three point five. Then it necessarily makes a lot of sense to back it, but the most important thing by understanding the way that these odds are created and the way that you can convert them is this tells you that, according to your model, that has a 40 % chance of Winning you have an 11 edge here and therefore it’s worth placing the back bet. And obviously, if you want to make money in the long term on any betting market, you need an edge and you need a definable edge and one that delivers as much margin as possible. So you could assess a whole range of bets, see which one has the biggest theoretical margin and then go for that particular bet and if you do have an edge and you have priced the market correctly and better than the market has then over time. While you may not win on this particular event or the next one over a long long period of time, if you’ve got an edge of this sort of magnitude in the market, then you definitely will make money.

Poker: The Terminology

Hi, I’m Martin from Claremonts.com. I’m gonna run you through lots of terminology and lots of knowledge about the game of Poker. Action.

Action refers to the amount of play in a game. You can have lots of Action when there’s lots of people betting in the hand, you can have a low Action hand when everyone’s checking and moving it around. “The Action on you”, means you’re the next person to act in the hand. It’s up to you next to decide what you’re gonna do. An All In. An All In is when a player decides to go for broke, to put all his chips in the middle and to try and double up his entire chip stack.

We can see an example at the table here, you’ve got a Small Blind a Big Blind, a Call. The player here, looks at his cards, got a lovely hand, there’s the line, put all your chips over the line, All In, all your chips in. If you get a Call, you’ve got the chance to double up.

Very risky, a lot of players call All In’s when they’re bluffing, a lot of players only call All In’s when they think they can’t be beaten. It’s taking a chance, it’s a good chance though to double your stack by going All In. A Backdoor is when you get a little bit lucky. You catch the last two cards perfectly to complete a Straight, or in this particular example we’re giving here, a Flush.

You can see the player here, he’s got 2 clubs, first three cards only included one club. By having a Back Door there, the Turn Card and the River Card, both Diamonds, was a long shot but it’s worked out for him. It’s a Back Door, the last two cards have worked in his favour and he’s completed the five cards to the Diamonds to complete the Flush there. You could do the same thing when you’re going for a Straight for instance, by getting the two matching cars that you needed on the Turn and the River, the fourth and fifth cards. That’s a Back Door.

A Bad Beat. A Bad Beat is, it’s not nice. It’s when you’re the favourite in the hand, everything is looking very very good for you, but on the turn of the last card unexpectedly, things turn against you. Nobody likes to have a Bad Beat. We all sympathize to the player who has a Bad Beat, but we all like to be the person who benefits from a Bad Beat. So that’s when the odds turn around after the last card, the person who looked like they were gonna win the hand ends up being the loser.

They suffer from a Bad Beat. Let’s talk about the Blinds. The Blinds are very very important, the Blinds are what starts the betting going in any particular given hand. They’re compulsory bets to start everything going. Look at the Dealer Button here; the Dealer Button moves around, the player to the left of the Dealer, they’re the compulsory bet, the one that started betting going before we see the Flop, the first three cards. They’re the Small Blind to the left and to their left is the Big Blind.

Bluffing. Bluffing is one of the great arts of the game of Poker. It’s the most satisfying way to win a hand of Poker. It’s when you don’t have much of a hand, but by sticking a load of chips in, by putting some pressure on the other players at the table, you get them to Fold, you get to win the hand when you didn’t have the best hand. Bluffing, it can be dangerous, it can be expensive, it’s a very very satisfying way of winning.

The best Poker players are really good bluffers and the best Poker players also spot when the other players are Bluffing. The Button as it’s sometimes referred to. That’s the marker of the Dealer, that the Dealer Button moves around, it moves around in a clockwise motion with every hand.

We all take our turn to nominally be the dealer in the hand. To be “On the Button” means that you are nominally the Dealer in the hand and that means, as the betting moves around, you’re actually gonna be the last person to act in the hand. It goes the Small Blind, the Big Blind, it moves around the table in a clockwise motion, comes back to you who’s “On the Button”, you are the Dealer. You’re the last person to act in any hand.

Some people think it’s a position of great strength, because you can see what the other people have done first. On the Button, the last to act, the Dealer in the hand. A Call.

A Call is when you don’t Raise and when you don’t Fold. Let’s look at the example here at the table of a Call Bet. We’ve started the betting off, we’ve got our Small Blind for 5, we’ve got our Big Blind there for two 5 chips which is a 10, action moves around in a clockwise motion, it’s this player next to act. If they’re gonna Call the bet, they just match the previous bet. You can sometimes call that a Flat Call where whatever the person’s bet before, behind them you bet exactly the same. You’re not Raising the stakes, you’re not Folding out of the hand, you’re just maintaining the status quo in the hand by matching the previous bet, that’s called a Call.

The Check. The Check bet happens in the second and third and sometimes the fourth round of betting, where you have the opportunity sometimes to stay in the hand without placing a bet. Now here we are, we’ve had the Flop, the first three cards to come down, the player to the Dealers left, they’re gonna be the first one to act. Nobody in the hand, in this particular juncture has yet, in this round of betting, made a bet.

So you don’t have to match anything, you don’t have to Raise anything if you don’t want to. To Check you just tap the table and it moves round to the next player. When there’s no Action and you don’t want to put any Action or put any chips into the pot, you can check and pass the buck along to the next player in line. Eventually someone’s gonna bet, but if you wanna Check and move it around, just to keep yourself nice and safe without playing any money into the hand. That’s called a Check, when you move it around without placing any money. Community Cards.

Community Cards are the cards that are placed in the middle here. They’re cards that all of us who are playing in the game of Poker get the chance to add to our hand to give ourselves the best chance to win. You have the Flop, the first three cards, you have the Turn and the River in the game of Texas Holdem. These are Community Cards, we add to them our own, nice and secretive to ourselves to make your hands up, but these are ones that are on public show. We can all see what the Community Cards are and we can all use these cards to make our hands up. Drawing Dead.

Drawing Dead means that you’re in a position in the hand where it’s impossible for you to have the winning hand, to have a hand that can beat the other players. Here’s an example of Drawing Dead. This player here has got a Jack-8, this player here after four cards have been drawn here, has got the Ace-King.

There is not a card in the deck here that can be placed here as the last card that means that the player here can win the hand. He will be what we call Drawing Dead, he has got no chance of winning the hand whatever happens. We’ll draw the last card out. Impossible for the player here to win whatever the scenario. Drawing Dead is not a position any of us want to be in. We want our opponent Drawing Dead so we can’t lose the hand.

The Flop. Once the players have been dealt their hands and the first round of betting has been completed, the Dealer will then deal you out the Flop. The Flop, is three cards turned face up that form part of your Community Cards of your hand. In a live game of Poker, the Dealer will always burn one card and then will turn three cards over called the Flop.

A very nice Flop in this case. Two Aces here, to start your hand off. The first three Community Cards in the game, they’re called the Flop. You have the Flop, the Turn, the River, these are the first ones, the Flop. A Gutshot. A Gutshot is when you catch a lucky card really.

What you’re doing, you’re trying to create a Straight, a Straight is 5 cards in sequence. In this case, 7, 8, 9,10 and Jack to make a run of five cards here, a really strong hand. Here the player with the 8, has already got the 7, he’s got the 8 himself, the 9 and the Jack, his Gutshot card. It’s this one isn’t? He’s hoping and praying 1/14 generally. There it is, it’s the 10.

The Gutshot card. It’s a very very lucky one. It would be a Bad Beat if somebody got a Gutshot on you and caught you up on the last card of any given hand.

A Gutshot completes a Straight by being one of the cards in the middle. Kicker. A Kicker is sometimes the very minute difference between winning and losing in a hand of Poker. Let’s have a look at the example I’ve put out on the table here. We’ve finished the hand, we’ve had the Flop, we’ve got the seven cards to look at, what’s the winning hand in this situation? Let’s have a look at it then.

It’s a pair of Jacks. Both players here have got a Jack, a pair of Jacks each. Neither player has managed to make Two Pairs, they’ve both got one Pair, a pair of Jacks. So how do we decide who wins the hand?

It goes down to the next best card. So we’ve got a pair of Jacks, what’s the next highest card available for either player? It’s this card here. It’s the Ace. So this player has got a pair of Jacks with an Ace Kicker.

This player has got a pair Jacks, his next best card is this 10 here. So the winner in this particular hand is this player here. He’s got a pair of Aces with a higher Kicker, something to back up his Pair, without making a stronger hand is the Kicker and the Ace Kicker this time will win the hand for that player.

Limping In. Limping In means that you place the minimum amount of chips necessary to keep yourself in the hand when you’re the last player to act. We’ll make this seem a little bit clearer. Let’s look at the table here, we’ve got the Dealer Button, Small Blind for one, all the players in the hand have bet two chips worth 10, 10, 10, 10, 10. The last one to act here is the Small Blind, he’s already bet 5, he’s gonna Limp In, he’s not gonna Raise, he’s gonna put the minimum amount in, as the last player in the hand to finish off the action, he’ll just put in his extra 5 chips to even it up, he’s Limped In.

He hasn’t Raised the Action, he hasn’t been aggressive, he’s kept the game fairly low-key. Limping In, sometimes people do it as a bluff when they’ve got a very very strong hand, watch out for that. Loose. A Loose player is somebody who tends to play a lot of hands, who tends to Raise a lot, tends to get involved in every pot. You can never be sure if a Loose player is bluffing or if they have a big hand. If a Loose player plays every hand generally though, they are running into somebody with a really big hand who will take them down; Loose players.

They can win or lose a lot of money very very quickly. In the Muck. That means when you decide to discard your hand, throw it away and surrender in the hand. I’ll show you how to Muck a hand. The Dealer here, Small Blind has placed his chip here, the Big Blind behind. He’s Raised and he’s bet another hundred.

This player here has looked at his cards, he’s gone “Oh dear, I haven’t got very much here, I don’t wanna play.” What they do, they throw their cards into the middle into the Muck, they’re out of the hand. In this case, they’ve Mucked their cards without even spending a Dime, a Penny, a Cent in the hand.

A Muck is when you throw your hand in and give up. An Out. An Out is your chance to catch up, catch up on the last card in the hand. Let’s see if there’s any Outs for the players here. Let’s have a look at our two hands, player here with the Ace-Jack, he’s got a Pair already, he’s in the lead. The player looking for Outs is the player here with the Ace and the King.

What are his Outs then? Let’s work them out. If the last card was an Ace, he’d have a pair of Aces, he’d win.

If the last card was a King, he’d have a pair of Kings, he’d beat the pair of Jacks. One more potential win over him actually is the Queen as well. We’d have 10, Jack, Queen, King, Ace, a Straight. So the player in this scenario’s got a few Outs.

He’s got three different Outs, three ways of catching up at the last minute. The more Outs you have, the more chance you’ve got in the hand. If you can work out you’ve got lots of Outs, maybe it’s a better idea to stay in the hand.

If you’ve got very few Outs, maybe the wisest manoeuvre would be to give up the hand, throw it in the Muck and of course in this occasion, the Ace comes, the Out has come in, they’ve caught up, it’s been a lucky catch on the River. That’s an Out. The Pot. The Pot is the amount of chips, the amount of money that’s been wagered in the hand so far. The amount that’s in the Kitty, to be won at any given stage of the hand. The Pot is here, and on the live game, right in front of me here.

You add to the Pot before and during the hand and as you come to the River, the last chance to add to this Pot, to the amount of money that you’re all aiming to win is in your last set of betting. The bigger the Pot, the more that you’re likely to want to be betting into it at the last minute. If it’s a very small Pot, you’re very risky putting a big bet in. If the Pots already very very large, you want to be in that Pot as often as possible for the chance of winning it. There are two different ways of playing the game of Poker. You can play No Limit or Pot Limit.

Pot Limit, limits the amount of money, the amount of chips that can be wagered on any particular round of betting. It restricts the amount that could be won and lost in each individual hand, it means that you can budget your game a lot easier when you’re playing Pot limits. Some people prefer it, some people don’t. Your choice to play No Limit or Pot Limit. Pot Limit puts a ceiling on the amount that you’re allowed to bet in any one particular hand or any one particular round of betting.

A fantastic hand if you can catch one is Quads. Quads is when you have Four of a Kind. Fairly rare and if you get beaten on Quads you can consider yourself very very unfortunate. Here’s an example of some Quads here.

three 10s, down there on the Flop, on the Turn, on the River as well, one of each, three 10’s, one in the players hand here, makes the best hand available to himself. Four 10’s, Ace Kicker. Quads are a very very strong. Of course, the higher the Quad, the better. Four 10’s will beat four 6’s.

The Rake is a very very small amount that you will have, it’s more like a tax of tables. It’s like a betting tax at the Poker Tables. The Rake is the small percentage of the winnings in every hand, that are taken by the casino operator, or the croupier sometimes, if you’re fortunate enough in a live game as a commission for running the game. So maybe here, you’ve got a great big Pot here of about eleven or twelve hundred, perhaps the Rake would be ten, fifteen or twenty chips that don’t return to you, they go into the Kitty of the casino operator and the winning hand gets the rest of it.

The Rake, normally a couple of percent goes back the casino operator, the Dealer. That’s the Rake. The Raise. The Raise is a way of increasing the Pot, increasing the amount of money in the Kitty and hopefully increasing your win.

It’s an aggressive tactic to get things moving. Let’s have a look at this sort of pre-Flop situation here, early in the hand. The Dealers Buttons here, Small Blind, one chip there for five, compulsory bet.

There’s your Big Blind there, compulsory bet for ten. That’s a Call Bet there for ten, it’s just moving nice and quietly. Maybe the player here has a little peek at his cards, sees they’re really strong and thinks “Right, I’m gonna put some money into the Kitty, I wanna get this Pot nice and big so I can win it.”

A Raise has to be double or more the previous bet. The bet here was 10, so if you’re gonna Raise, you have to make a bet of 20 or more, So perhaps the player will bet 300. That’s a big Raise. The Re-Raise. The Re-Raise, we’ve spoken about the Raise when you can increase the Pot to increase the amount of money in there to get yourself a nice win. Let’s look at a Re-Raise, when the stakes get increased again and again.

The example at the table here; Small Blind for five, Big Blind for ten, player here in this position, he’s Raised to a hundred. Player here, got a very nice strong hand. He’s given three choices now. He can Fold his hand, he can Call that Raise of one hundred, he can Re-Raise.

He can Re-Raise by taking that hundred and doubling it or more. A minimum bet to Re-Raise would be two hundred. Maybe in this case, a good Re-Raise would be to four. It puts the pressure back on the player who has done the Raise. Basically it’s you saying, “I’m stronger than you. You think you wanna bet?

Now I’m really betting.” It puts the pressure back on the player behind, it’s a very aggressive strategy. The aggressive players, they Re-Raise all the time. They put the players before them under a lot of pressure by Re-Raising. It’s an attractive way to play if you’ve got a great hand.

It’s also what bluffers do, to try and pinch some money from people who have Raised in front of them. The Short Stack. The Short Stack is the player at the table with the least number of chips at the table. He’s the one that everyone’s normally looking at thinking, “We’re gonna try and eliminate him, we’ll put him under pressure.” When a Short Stack is put All In, sometimes he won’t have enough money to cover the other players bets. That doesn’t matter, he can still push all his chips and be allowed to bet just that amount.

The Short Stack, sometimes they get put under pressure, sometimes people will bet against the Short Stack when they shouldn’t. So it’s not always the worst position to be in. You can quite often double through your chips when you’re the Short Stack because people will try and get you at the game. Side Pots are when one or more of the players in the hand, hasn’t got enough to cover the entire bet.

They go All In with the chips they’ve got, as an excess, that the other players at the table are playing for that they haven’t been funded enough to play in the hand. That’s called a Side Pot. When one player hasn’t got quite enough chips to play the entire Pot, the remainder is played by the other players, in what’s called a Side Pot, which they play separately against themselves, rather than with the player who is All In. The most skilful players in live play look for things like a Tell. A Tell is sometimes a little scratch of the nose, sometimes it’s a nervous little twitter, sometimes it’s playing with their chips.

It’s when a player kind of lets you know what’s going on. Now highly skilled players can spot what’s called a Tell in other players. In fact, the craftiest players will throw a Tell out there that’s a Bluff. So Tells can work for you and Tell against you.

Are you good at spotting them? I don’t know, I can’t. The Tell. Two kinds of players generally in the game of Poker. Loose players and Tight players. Pretty straight forward.

A Tight player is somebody who doesn’t play many hands. They sit very quietly, they Fold a lot of hands, they don’t get involved in a lot of hands, they certainly don’t Raise or Re-Raise very much. But when they come out of their bunker, they normally bet quite heavily because they haven’t played many hands, they need to catch up.

So watch out for these Tight players. When they do play, they play big, but they don’t play very often. The more disciplined players I should say, are the Tight players, but they don’t always win.

Something we all try to avoid as Poker players is Tilt. It’s going on Tilt after you’ve lost a hand, if the luck isn’t running with you, sometimes you can go, what we say, on Tilt. That means that you start betting probably a little bit more than you should, a bit more often than you should, on maybe on hands when you shouldn’t be betting. Look out for a player on Tilt.

Quite often that’s an opportunity to win some nice easy chips from a player who’s lost his discipline. Look out for them as well. If they win, they can win big on Tilt.

BEST BINGO GAME EVER!!!

Bingo night. Let’s get it! O68. O Six Eight Ugh.

So close. So close. There are a few standing.

SIT DOWN!!! B1. B One. BINGO!

HURRY UP! HURRY UP!!! HURRY UP! NOBODY LOVES YOU!

BOOOO!!! BAD BINGO! BAD BINGO! RIDE IT OFF!

RIDE IT OFF! RIDE IT OFF!!! RIDE IT OFF!

BOOOOOO!!! BOOOOO!!! G57.

G FIVE SEVEN Can I get some numbers?! No one likes you Perez. Shut the hell up! O72. O Seven Two. SIT DOWN!

HUSH! Sit down! There are a few standing. O69. O SIX NINE WOOOOOOO!!! TWO DAYS BABY!

G46. G Four Six BINGO! BOOOOOO!!! *Laughing* Boooooo!!! BOOOO!!!

Go back to the forest Bigfoot! Shut up Perez! YOU SUCK! Come on bigfoot, ride it off!

Ride it off! Ride it off! BOOOOOO!!! BOOOOO!!! B4. B Four AND AFTER!

B8. B Eight BAIT! Take you’re time!

Take you’re time sweetheart! Take you’re time! HURRY! UP!

WHERE’S YOUR EYEPRO?! HEY, HURRY UP! That’s a negative counseling!

Sick call’s that way! RIDE IT OFF! RIDE IT OFF! YOU SUCK! BOOOOOO!!!! That’s not riding it off sweetheart!

You look like a jackass! Dang! Excuse me! *Epic Kitty Scratching Sound Effects* Meow Kitty! G52. G Five Two There we go.

Bingo! Hurry up! HURRY UP! Sure! Just take you’re time!

Take you’re time! There isn’t anybody else playing here! *Demon Voice* HURRY UUUPPP!!!

Not gonna help your cholesterol! *Laughing* That is WRONG! YEAH! FINALLY!

N32. N three Two. Come on. Come on. Bingo! What?

What?! WHAT?!!! You’z a LIAR!

THEY’VE ONLY CALLED OUT 3 NUMBERS! You must be THIS tall to win! THAT’S AN OFFICER! SSHHH!!! I22. I Two Two TOOT TOOOOOT!!!

COME ON!!! O70. O Seven Zero There are a few more standing. SIT DOWN! NOOO!!! YES!

I26. I Two Six Come on! I’m so close!

I’m SO close! I29. I Two Nine BINGO! UGH! You’re not in Hawaii!

What are you wearing?! How do you say Bingo in Spanish? Bingo. *Luigi Voice* Bingoooo! El Bingo!

El Bingo! If I ever get it, that’s what I’m gonna say. El Bingo! Bingodoro.

Bingodoro?! *Italian voice* BINGODORO! *Italian Voice* BINGODORE!

How do you say it? How do you say it? How do you say? BINGODORO! BINGODORO!!!

Bingodoro! Yeah! *Voice Cracking* SIT DOWN!!!

There are a few standing. *Mocking* SIT DOWN!!! B2. B Two Bingo! You suck.

You suck! YOU SUCK! Hurry the hell…UP! Loser Bingo baby! If you have B3 on your card, B Three, please sit down. If you have I27, I Two Seven, please sit down.

Still in there! N32. N Three Two Sea la madre!

Condenado! If you have any of these numbers, and they call it out, you gotta sit down. I might be able to get back up. If nobody else has any of the numbers called.

So everybody stand back up! Everybody. Everybody! EVERYBODY! EVERYBODY!!! Come on, sit down!

B5. B Five Sit down! SIT DOWN! SIT DOWN!!! N41.

N Four One O67. O Six Seven, please sit down. Still good. G52. G Five Two Alright, come on!

Come on! Come on! COME ON! O70. O Seven Zero CONTRA!!! It’s a very good Bingo.

Alright, last one. I21. I Two One Bingo! It’s a good Bingo Whatever. It was fun.

Deuces!

How to Play Craps

Craps looks confusing at first but the truth is its a breeze to learn and after just a few minutes playing you’ll be comfortable and cheering along with the rest the table third.

There are tonnes of bets you can make but the most important is the pass line and it’s the best way to get started when you’re a beginner. When you bet the pass line you’re hoping the shooter will roll a 7 or 11 on the first floor which is called the come out roll you can tell when the shooter is coming out because the puck on the table will say off if the shooter rolls a seven or 11 on the come out roll all pass line bets win even money if they role a 2, 3 or 12 it’s called craps and all pass line bets lose if the shooter rolls a 4, 5, 6, 8,9 or 10 that number becomes the point and the button is turned to on and put on that number.

All the pass line bets stand and the shooter has to roll the dice again. Now in order to win the shooter has to roll the point number before they roll a seven. If the point number hits all past line bets win and pay even money but if a seven hits first all pass line bet lose. Betting don’t pass is the opposite at the pass line and its basically like betting on the house when a point numbers is thrown there’s a special wager you can make called the odds back it’s basically a side bet on the shooter rolling the point before they role of seven and it’s a great bet because there’s 0 house edge. to take the odds just place your chips right behind your past lightpath on the outside of the layout If the point is rolled before a seven you win your pass line bet and get paid out on the odds bet the come bet is basically the same bet as the pass line except you have to make it after the come out roll so if the shooter is already set the point you can bet on the come or don’t come and the bet works the same way as the past and don’t pass bets.

To make a come bet just throw your chips right on to the Come bar if the next role is a seven or 11 you win the come bet.If its a 2,3 or 12 you lose. If it’s any other number the dealer will move your bet up to the corresponding number on the felt. This is basically the new point number just for your come bet. So you’re hoping it’ll hit before the shooter rolls a 7.

If you bet on craps the don’t come bar you’re betting on the completely opposite outcome a place bet is another quick bet you can make anytime after the come out roll and it’s a bet on a number being rolled before a seven. To make a place bet just throw your chips towards the dealer and asked them to place the number of your choice. The dealer will put your chips below your number and if its rolled before a seven you win.

The odds and payouts are complicated but just remember the only numbers you should ever place are 6 and 8 never bet the big 6 and 8 because it’s the same bet as placing the six or eight but with the worst payout proposition bets are one roll wagers you can make at anytime but if you want to give yourself the best chance at winning you should avoid them at all costs proposition bets include bets like the horn where you want a 2,3, 11 or 12 on the next role or the field where you’re hoping for a 2,3,4, 9, 10, 11 or 12. If you bet the hard ways your number has to hit the exact way as shown on the felt. For example Two fours to make an 8.Unlike Other wagers the proposition bets only count for one role if you miss your number you lose the bet.