Advanced poker players already have the skills in place to be great at daily fantasy sports. Take the concept of implied odds, for example. Most people who are familiar with poker know what pot odds are, but implied odds go a step further. In the game of Texas Hold ‘em, after the flop hits, there are still two cards to go. If you have a four flush, you have two chances to get it. You know 5 of the 52 cards, so your odds of hitting are 9/47 plus 9/46, or about 1 out of 3 (2:1). Pot odds would say that if you are getting more than 2:1 from the pot (you have contributed less than 33% of the total pot), then it’s a mathematically sound play that will lead to a long term profit.

Here’s the catch. Implied odds take into account future hands of play and your future bets. After the flop, maybe your pot odds are 5:1, and things are looking good for you. You have a 2:1 chance of winning, and you have 5:1 pot odds. You think: “go for it!”

So you do. An offsuit card hits, your odds of winning go down to 3:1 at the turn, and all of a sudden a huge bet comes into play, double the size of the current state of the pot. Everyone folds around to you. What do you do? Read the rest of this entry »

In most of the United States, it will prove to be a bit tough to start playing online poker for real money. It’s definitely not impossible, though. Already, three states have legalized online poker, as long as it is closely monitored. New Jersey, Nevada, and Delaware all allow their residents to utilize poker sites for real money, and it is probably only a matter of time before more states end up following suit. If you don’t live in one of these states, though, you are not completely out of options.

Because of same vague language in the Unlawful Internet Gambling Enforcement Act of 2006, many poker sites continue to choose to operate and allow U.S. based customers to play on their sites for real money. Technically, the law only prevents financial transactions with internet gambling sites–including poker sites–and one of the ways that has been found to circumvent this is to do all monetary transactions through a third party. So when you use a credit card to deposit funds, you are not directly doing business with the site, but rather a third party that then sends the money to your site of choice. When you withdraw your winnings, that money comes from a third party, too. It’s a roundabout way of doing things, but for many players it is currently the only way to keep playing online.

There are many sites that allow players from the States to use their sites. Some of these include: 888 Casino (www.888.com), Bovada (www.bovada.lv), and there are many others within legalized districts that do business with certain customers, too, such as Party Poker (www.partypoker.com), and WSOP (www.wsop.com). Your best course of action is to do some research and find which sites are best for your area, and then proceed from there. Once you’ve accomplished this, then you can start looking at other factors such as the sizes of the welcome bonuses, the games offered, and the amount of players at the site at any one time. All of these things are important parts of making money playing online, but if you run into a site that presents a problem for U.S. residents, you stand the chance of losing your money altogether. This is definitely something to avoid. And while this is only a slight possibility, you want to do all you can to avoid scams. They are rare, but they do exist. Proper research will completely eliminate this from happening.

Poker legislation will change across the country. It already is changing. Five years ago, no states allowed sponsored sites to do business with them. Now three do, and those three states are already reaping in the tax benefits. New Jersey estimated that they would see about $180 million in extra tax revenue because of allowing online gambling in their borders. Whether or not they actually see this much is debatable, but they will definitely see a boost. This is a good thing, and when other states see how profitable it can be–especially the states with bigger populations and higher incomes–more states will jump on board with full legalization. It’s an exciting time, but it can be frustrating, too. Your best choice is to stay tuned to the news and make sure that when you do play online, you are doing so with a safe and reputable site.

Are you tired of playing the same poker tournaments over and over again? Are you looking for a new and thrilling way of winning huge cash prizes in one of the best online poker sites? Whether you prefer to play it safe and take part in an amateur poker tournament, or would like to go after the biggest prize, Bovada is now offering a huge selection of tournaments until the 15th of December. If you are interested in joining thousand of poker players interested in winning it all, this article will give you precise instructions on how to enter any of these Power Play Tournaments.

How to Register as a User in Bovada?

In order to take part in the tournaments, you must be a registered user. Signing up for the first time in Poker.bovada.lv is a very easy process that will allow you to start playing poker games, as well as European roulette, blackjack or even slots, with people just like you. You can either register on Bovada by using their website or by making use of their official mobile application. By clicking ‘Join Now’, you will gain access to a registration form that you will need to fill with your personal information, including key data such as your email, address, zip code, phone number, name and date of birth.

The email will be used as your user name each time you log in the system, so make sure to choose your primary email address for you to receive important messages and alerts, as well as offers and Bovada special promotions. Additionally, it is important to select a secure password that should at least be 8 characters long. For security reasons, this password should not match the one you use for your email account, allowing you to decrease the risk of someone getting hold of your personal data. Once the registration process comes to an end, use your password and email to log in Bovada. In the case you require any assistance, you can always leave a question in their Facebook page.

Joining the Power Play Tournaments

If you already have a Bovada user account, it is very easy to qualify for any of their Power Play Tournaments. These tournaments are held every day until the 15th of December, with tournaments starting early in the morning from Monday to Saturday, and starting from 4 PM every Sunday. In order to join any of them, it is only necessary for you to buy your tournament ticket from a price as low as a few cents. There are also a lot of satellite competitions where it is possible for you to compete against other players and where you can test your skills before taking part in the main events.

While these main events offer up to $10,000 in prizes to the winner, the only way to reach them is by qualifying in one of the satellite competitions. Although Bovada allows you to take part in as many as you want, it might be a good idea to practice your online poker strategy beforehand by checking any of the online poker tips available at Bovada.lv, where you can learn useful tactics that will probably be extremely useful one you start facing real players.

Benefit From Incredible Promotions

While many people love the excitement of Bovada’s Poker Play Tournaments and their main events, you can also find many other promotions on their website, including cash bonuses for referring a friend or bonus codes that you can use to earn extra money. If you are a new user, you can also benefit from a unique welcome bonus that will give you bonus chips to play online poker or online blackjack. Once you deposit any amount of money, Bovada will match that amount, allowing you to earn extra poker points that can also be redeemed for more bonuses.

What are you waiting for? If you really want to start playing online, take part in the Power Play Tournaments, meet new people, benefit from incredible deals and start earning real money. Sign up now and discover why Bovada is considered one of the finest places to play poker online.

One of the things you want to look for in an online casino is versatility. Bovada (www.bovada.lv) definitely has this covered. They have everything you would expect from the finest casino—a wide range of table games, slot machines, the famous Bovada sportsbook, and even a poker room. This is where Bovada really stand out from the crowd. Their poker room has one of the biggest selections that you will find in regards to types of games and stakes levels, and they also have several choices when it comes to style of play. You can find ring games, multi-table tournaments, and sit ‘n go tournaments (single table tournaments) here. They even have the occasional freeroll tournament where you can win points and cash for no cost to you.
Read the rest of this entry »

Freerolls are a great way to gain tournament experience without having to put your own money at risk. You will find that the beginning of these types of tournaments can be dicey, though, for precisely this reason. You’re not risking your own money and this persuades people to take risks that they otherwise would not take. This style of play operates on the assumption that if they are lucky enough to win big on the first few hands, they will be in a superior position later on in the tournament. This strategy might work out occasionally, but not as often as you would hope.

The reality is that a cautious yet aggressive approach will suit you much better. One of the great things about tournaments—especially online tournaments—is that your opponents will never get a true handle on your ability as a poker player. If you set up an early reputation as someone that only plays the very best hands, later on you can exploit this image if you don’t change tables too much. This will allow you to play more bluffs and win bigger hands.

In other words, you don’t want to play a lot of hands, but you want to play the ones that are worthwhile aggressively. As the tournament progresses and the stakes get higher, then you can start playing more hands, depending upon the situation you are dealt and the people at your table. This is especially because at later stages in the game your opponents will naturally start playing fewer hands under the impression that this will carry them deeper into the game and into the money. When people start playing tighter, you should loosen up your game in order to take advantage of their weakness and steal more hands away from them.

Many online poker sites sponsor freerolls on a regular basis. A simple search within your site’s tournament section will let you know when the next one is and what you need to do in order to qualify. Some freerolls require you to have a certain number of points to be eligible while others are completely open to those that sign up first.

You don’t even need to deposit money into the site to take advantage of some freerolls. In these instances, you can place in the money in a few free tournaments and go on to win money and thus start playing for higher stakes without ever having to use your own money. Only a few poker players have the talent to sustain their playing in such a manner, but it is possible. If you are just playing for fun, this can be a great introduction to poker and a lot of fun at the same time.

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Binary options and poker share a few similarities, actually, and the people who succeed in one of these fields might have what it takes to succeed in the other. The concept of betting an appropriate amount is something that translates between poker and binary options. The biggest and most important similarity between these two activities is the concept of risk. A good poker player knows just how much of a wager is too much, and when a wager is just the right size.

In poker, there is a concept called pot odds. This is important to the poker player who has not yet completed their hand. For example, if you have a four card flush in Texas Hold Em with the river still to come, you have about a one out of three chance of hitting your hand. Therefore, if the wager coming to you is more than one third of the size of the pot, you are risking too much and over the long run, this will cost you.

The important thing to remember is the phrase, “over the long run.” Both poker and binary trading are long term investments. You want to ensure that your money making ability in either of these is going to continue down the road. So in binary options, you want to make your decisions based upon just how the success rate will affect you one hundred transactions from now, and longer.

Calculating your edge or your odds of success is much more difficult when it comes to binary options. There are tools that will allow you to do so, however, if you know where to look. For example, trends continue more often than not. If you can estimate that a trend has a 75 percent chance of continuing, you can use the Kelly Criterion to calculate just how much you should risk when trading binary options. This knowledge can help you to risk just the right amount of your cash, in much the manner that pot odds help a poker player to know whether they should continue seeing more cards, or if they should back out of a hand.

The great thing about binary options is that you don’t have to put in money if you don’t feel that the outcome is in your favor. With poker, there are often forced antes and blinds so you have a vested interest in more hands. If you are not careful, this can ruin you in poker. Thanks to the higher degree of freedom in binary options, you can elect to participate in only the trades that you feel are going to go in your favor. This should increase your earnings over the long run in a way that you can only try to compensate for in the game of poker.

Stealing the pot now and then can add a small gain to your bankroll. Many small gains lead to big gains over time, thus making a steal a very valuable play. However, stealing the pot is a very dangerous and risky method of play. It works only under certain circumstances, so you need to either have perfect timing or be willing to face great risks. Stealing the pot consistently will also lead to an awareness amongst other poker players of what you are doing, thus causing them to react aggressively. This is an indication that you should not try this strategy regularly.

So when is it appropriate to steal a pot? For one, the pot cannot be large. Large pots offer good pot odds to other players so even if they have only a few outs, it will be correct for them to call your bet. A small pot, then, is the only time you should attempt a steal. You also want to make sure that you at least have something in your hand. Making a large steal bet with 2-7 off suit can be a disaster unless you are attempting a stone cold bluff. With a steal, however, it is much more to your advantage that you have at least ace high in your hand so that you can gain some credibility if you are called. Remember, a steal is not the same as a bluff. They serve the same outcome, but by two different methods. In order to make a steal reputable you need to have more than junk cards. This will allow you to replicate the steal at a later time. If they have seen that you would only make such a play with an ace high or low pair, they will be more likely to fold. An exposed bluff, on the other hand, will only encourage people to call your bets more often and the pokerparty will turn dark quick.