Posts Tagged ‘Rakeback’

postheadericon The proper way to learn poker quickly

Poker is a famous card game. Folks play it in their homes, during evening parties and with friends on trips. Poker has already made casinos popular. But a few of the people need to learn poker before they go to a casino to try their luck with a poker game.

When you would like to learn poker, you must begin by learning the fundamentals of card games. You will usually have to know certain basics to play any poker game. For instance, you'll have to study different cards in a deck. You'll also have to learn all about the 4 different shapes and values of cards. After you know these elementary things, you can move to learning poker.

The right way to learn poker is to discover a poker video. You can find videos that teach poker. You'll find these videos on YouTube. Just make absolutely certain that you are picking a comprehensive video course so you can learn everything about poker.

If you want to understand how to play Texas Holdem, you must start by learning the basics first. Texas Hodlem is a difficult game and you cannot learn it without knowing the basics of poker. When you know the basics, you can easily learn to play Texas Hold 'em Poker.

Reading or watching the history of World Series of Poker can also assist you with many things. You can find enthusiasm necessary for playing poker after watching the history of World Series of Poker. You can find many videos about history of World Series of Poker on YouTube.

Once you have learnt playing poker, you should find a poker room with rakeback . Rakeback essentially means that you will be paid to play poker. When you play poker, the agent takes the commission from the casino. In a rakeback room, the agent will give you some of the rake back even when you're losing.

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postheadericon An Introduction To Poker Rakeback

Now that casinos that are online have become popular, a lot of websites are offering more features to the players. Here people from diverse walks of life from all over the world can get together in a social manner and also have a gaming atmosphere. The most popular casino game that the multitude follows, is online poker. There are people who start to play poker on a daily basis. To accommodate this crowd of gamblers, online casinos are making new ways and bettering themselves, so that they can tempt more players, and make more.

Gamblers who play poker online would be aware of rake and rakeback. In real games involving real cash, the casino takes a specific portion – usually 5% – of the cash hand, that a gambler plays. In tournaments, a portion of the jackpot is taken as a rake. As time passed by, webmasters grew aware of the large amouns of cash the casinos earn in the form of rake. In response to this, the sites initiated a demand to get a share of this cash, since they are the ones who bring in gamblers to play the gambling games. At the end, every gambler gets a small percentage from this affiliate, and this is called rakeback.

Many gamers are usually aware of the rake. If not, be aware now! When you estimate the sums, include rake in the equation to be doing the right estimations. Furthermore, while attending to versatile casinos, do your research and find out a good affiliate. This will be the doorway to healthy increase in profits. With the amount of sites existing out there in the cyber world, one can’t always be certain as to whom to trust. Hence, make sure your affiliate is legit, and the payment systems are intact. Else, you can end up losing all your cash.

Gamblers join a site, and through the various options of subscription available, learn the game at their own pace. This can generally be called training a gambler in a particular game. As with any job, once you tutor a particular individual, you will expect him to stand by you and help you make money. This is the case at a workplace as well. At the end of the day, it is the gamblers’ decision, whether to stay or try out another portal.

The affiliate offers a lot of free bonuses just to retain the players and let them play at online casinos. Since the rake is received by all online casinos, the affiliates know how much rakeback they will receive. Keeping this in mind, they try to keep the poker players who spend the most cash on poker, by offering them 30% rakeback. This is to keep the gamblers, ensure their loyalty and make sure that they use their affiliate services non-stop.

The outcome of all this, is that even if the gamer loses, he will be able to earn a little. Even if they would not have earned anything playing traditional poker, with the rakeback, they are sure to make some cash in spite of losing. This takes place because the rake and rakeback do not rely on whether the gamers win or lose, but on how much is in the pot. For this reason, it is best that the gambler becomes aware of this before he signs up at any online poker room and spends money playing games like poker. Otherwise, there is every chance of him wasting money that will remain with an affiliate or the casino. The chances are that it would be the affiliate who will keep their cash.

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postheadericon Online Poker – Can Rakeback Feed You?

If you are of the opinion that there is only the pot to give you an income from playing poker, then you have to think again. Many brokers are making lots of money out of the game. At the outset, the poker room is making money out of every game that is being played. They take a small percentage out of the pot. This is called the rake. Every so often, this amount could be 5% of the pot. Are you aware that you could get back quite a good part of that money?

If you were to examine how poker sites work, you are sure to release that they will want to get more players. And with so many sites on the web how is it possible that they get their fair share of players? They make provisions with the web manager to advertise their games on their website for a fee. However, the web managers are very clever, and they have gone into a deal with the poker sties, because they have realized that the poker rooms make millions out of the rake money. This deal gets them a cut in the raked amount. They have been able to get about 35% of the rake amount as fees. This is not just for one game but also for all the games that are played using their site.

On the other hand, players have also realized this loss, and started contemplating on the situation. However, the avaricious webmasters began to threaten the poker rooms to keep quiet about the rake deal. This led to the players making their own model to make money from the online poker sites. The players turned webmasters and negotiated an accord by which, out of the 35% made by the websites 33% were given back to the players and 2% was kept back as a service charge. This made the players happy because they were getting back their due.

If you take a model estimate, you will find that a smart guy who will be able to contribute to $30,000 a month by way of rake to the casino will earn 33% i.e. $9,900 as the rake back, this will be more than what he could win at a table including all the bonuses. You should not be under the mistaken notion that it is only the smart guys who can earn so much money. Even an inexperienced person can sign up and make money. You just have to play $1/$2NL poker at four tables at a time 42 times a week, and you will be able to earn rake of $ 76,000. This is without even winning a penny at the table.

There are many people who make a living out of playing poker. If you can play more times than the above calculation, you will be able to earn more money. There are many people who want to get out of working for bosses, meeting deadlines, having meetings, sticking to work schedules and travel hazards. This will give you a chance to work whenever you want and earn without limits.

If you take just your skills into consideration, and are looking for ways to win, using your skills, then you can be sure that you will not be able to earn as much as you could, through the rake. Apart from that, you will be burning yourself out by using your brains to calculate the strategies to win. You will be a prudent online poker player only if you just take in the rakeback chances that come your way.

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postheadericon Web-based Poker Tips “When to Take Breaks”

Millions of people play online poker today either as a recreational pastime, or as a way to make some additional cash. One of the most overlooked abilities while playing online poker is the ability to keep your mind alert in a session, particularly if you’re playing 3 or more tables at once. How many times after a session when you look back over your hand histories do you moan in disgust at a foolish mistake you made due to a lack of concentration?

One of the clear signs I note when I begin to get beat or lose some of my mental concentration is calling 3 bets out of place with pocket pairs looking to hit a set. This is losing play in the longer term, your grey matter knows this, but due to the exhaustion, you continue to make that losing call.

Or another example is a tight player that has never bet every street in a hand against you and now two hours into a session you have called with AQ in position and the board runs out QT7 rainbow, 4, 2 and the tight regular bets out on all 3 streets and the brook bet is $40 into a pan of $50. Your grey matter is trying to say fold as he has never triple barrelled before, the only conceivable hand you beat is KQ which in all possibility the opponent would have checked either the turn or river for pot control. However the mental tiredness kicks in and the brains naturally firmly established curiosity kicks in and we click call and he shows a group of tens.

You are being deceptive to yourself (or else an extremely good poker player) if you assert this does not happen to you on a regular basis. If you don't trust me, go back over your last 20,000 hands that you have taken part in and see how often you have called a third bullet on the stream and actually won a hand. Try and excuse your reason for calling against that specific player. I bet you won't find many .

So how can we ensure that we stay alert mentally in a session? Well I believe a lot is down to experience.If you are a new entrant to web-based poker and you have got to a stage where you play at least 4 tables at once, I advocate taking 5 minute break for every 60 minutes of play. So go get refreshments, use the bathroom, get some fresh air and then come back with a renewed level of concentration.

If you're an intermediate or experienced internet-based poker player then I advocate a honest self assessment plan. This is what I use and I can guarantee its helpfulness. Imagine you have a top class poker coach sitting behind you watching each move you make. You must articulate in your head (or aloud) precisely every play you make even though it’s raising pre-flop and give your reason for doing this. When you stop doing this, then it's time to take five as you are mentally beat. From my private experience I've found after 2 hours of this you'll get knackered, so again take five for 5 minutes, re “hydrate, eat a healthy snack if hungry to lift energy levels and begin playing again.

Try the above net-based poker tipsand you'll see instantaneous results on the poker tables. You’ll now be able to play for longer once you implement the short breaks when you need to.

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postheadericon Different Rake Calculations In Online Poker-”Dealt”,” Average Contributed” And “Weighted Contributed” Methods

Rake is defined by the poker dictionary as “a method for a casino or card room to receive compensation for hosting the game in which the house takes a set percentage of each pot, sometimes with a limit set on the amount that may be taken”. The different rake calculations in online poker are crucial.

Players have to pay small fee if they play a game of poker online. This charge is known as the rake. Players who join the poker room through an affiliate are allowed to get back a small percentage of the rake. This is rakeback.

There are three ways in which rakeback is calculated. They are the “dealt” method. The ‘average contributed’ method, and the ‘weighted contributed’ way. Let’s take a look at what ‘monthly gross rake’ or MGR are, before going to the three methods. Gross profit is the profit that a poker game provider gets from a player, and rake is calculated on this profit.

Let us take a peek at the “dealt” method. This is the easiest of the three. If a player is dealt a hand and rake is taken from the pot, then the player is entitled to rakeback on that hand. The rakeback is calculated by dividing the amount of rake taken from the pot by the number of players at the table. This is equal to the MGR. And the player will get a some of it back.

So, when you look at the different rake calculation methods in online poker, if there are ten players who have been dealt a hand and the money taken from the pot is $6, then, in that hand, the MGR is $0.60. Following this method, it is enough if the player has received the cards to earn the MGR and the rakeback on the hand. The “dealt” method is the only method in which a player pays rake even if he folds without making a single bet.

The ‘average contributed’ method is at variance from the ‘Dealt’ method by the fact that rake is subtracted only in case of a contribution to the pot. If at the beginning, there are ten players, but only eight have contributed to the pot, then only that eight will get the rake. The players who did not contribute to the pot will not get the rake. If $6 is taken from the pot, then a player’s rake is calculated by dividing the rake by the total number of players who are entitled to the rake. In this particular case, with eight players, the amount raked will be $0.75.

Last, but not least is the ‘weighted contributed’ method. This is very much like the average contributed method, with the difference that the rake is calculated in proportion to the amount that each of the players contributes to the pot. If there are ten players when the cards are dealt and a single player folds on the flop after contributing $20 to the pot, he then becomes entitled to only the sum contributed by him divided by the amount in the pot, and this sum is then divided by the rake. In the average contributed method you have only to contribute to the pot to be entitled to a rakeback.

each poker room only uses exclusively one method, and they only change it if they have been bought by some other company. Once you have understood the formula of the different rake calculations in online poker, then it will be easy for you to calculate the rake yourself.

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postheadericon Online Poker Tips – How to Continue To Use HEM to Review Your Hand Histories

All the high class players learn poker away from the game. That is how they continuously beat the games that they are playing. Studying on your own will ensure that your game does not start to go bad, will help spot mistakes, and will help you see leaks in your opposition’s games. It is by far the most effective work you can do away from the poker table.

So before it’s possible to start doing hand history analysis it is important to purchase a piece of software called Holdem Manager (before you say to oneself, here’s some promotional waffle about Hold ‘em Manager, please let it be known I am in no way affiliated with this product. I wish That I was because I like it).

Hold’em Manager is a poker tracking software which keeps track of each hand you play on line. It allows you to then analyse all those hands and replay them employing a hand replayer and give statistics breakdowns of equity and pot chances in those hands. It allows you to study your opponents as well as your own play. It has revolutionized on line poker. It costs between $50-$80 depending on whether you buy the professional or beginner package, however it is definitely worth the money.

To begin your hand history review, you can filter on a reports tab in Holdem Manager and input all hands played after a certain time period, say over a 2 month period. You can then filter all of your hands from biggest pots lost to won.

Then start a spreadsheet or simply use a refill pad and note how you lost every large pot over 30 big blinds. I assure you even with limited awareness of poker, when you go back over a hand in a replayer you’ll spot the obvious mistakes easily. Note what the blunder was and move on to a new big pot you lost and repeat it.

Once you’ve done this you can start to group the howlers. You will start to see a pattern of where you are making similar mistakes time after time again. In my last big hand history review after a downswing I had 9 mistakes I saw taking place way too often for my liking. I then put this on a word document and printed it out and read this sheet before I sat down to play a session over the next month. At the end of the month I reviewed my hands played that month and put a line through the bad plays I had removed from my game and highlighted the ones that still stayed. I had the list reduced to one and since that point I have cut out that mistake from my game and I’m currently on a upward swing and very happy with my game.

I do really believe that once a month you must review all your hand histories of all large pots over 30 big blinds which you either won or lost to keep away those pesky downswings and your game fresh. I am hoping you enjoyed this simple but effective online poker tips advice.

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postheadericon The Current State Of Texas Hold Em Betting Limits

For a few weeks in 20o6, panic erupted in the poker world as rumors spread like wild wire that this ban would stop all tournaments. But this proved to be untrue. In fact, because of the online gambling ban, the popularity of tournaments only increased. And in most of these tournaments, the favored game is Texas Hold em. The game is played with several basic betting structures.Even though the United States may have tried to make it seem illegal to deposit money to gamble online, a fact that most legal scholars dispute, the game of poker keeps on gaining in players and media coverage through the various tournaments that are shown on television such as the World Poker Tour on Fox Sports. This has created a dilemma for players and observers: while players claim that poker is not a game of chance, the US government decided that it is only luck.

When you find a game called according to two amounts such as one and two dollar limit, then, it means that this game will be played in accordance to the structured wagering format. Another thing to remember when entering such poker games is that you can only place four wagers each round and not one more.This style of game is referred to as structured limit. This refers to the two limits on the betting rounds you play . During the first two rounds, you bet according to the lower amount, and then you start betting according to the higher amount listed in this case two dollars.

The next more rare variation is spread limit Hold Em.This game can quickly become high stakes because some might bet the highest amount possible on any round. The variation of the spread limit bet is to have a fixed range of four wagers. What this means is that there is a certain amount you can bet for the round before the flop, for the round on the flop, and on the round after the flop and a certain amount for the river, although this betting scheme is a bit rare. In the more typical Spread Limit, you are free to bet in a certain range on any round you are not required to place limited bets. When you observe that the limit is within a range then it means that you have found a game that will be played according to the spread limit.

Basic Pot Limit Bet: In such Texas Hold em games labeled as being played according to the basic pot limit, what it means is that you can place wagers anywhere between the amount that is the big blind and the total size of the game pot. Here too, take note that games such as these can result in high cash pots.

No Limit Betting: This is the one version that pulls in the high rollers from all over. Here, there is no limit at all on how much you wager or raise. Note that unless you are a high-roller or unless you have a tremendous amount of experience at tournaments, stay clear of such games.

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postheadericon Holdem Poker Hand Nicknames

Holdem Poker has a rich tapestry of character. From old days on the Mississippi to modern day internet whiz kids, poker has been played all types of people in all manners of locations. Subsequently almost every hand in poker has a name and can tell you a story.

The biggest hand before the flop in Holdem Poker is two Aces and subsquently this hand generates the most excitement and colourful names. Common names for two Aces are Pocket Rockets and Bullets (for obvious reasons due to their shape). They are named after several famous entities with initials starting with the letter “A” including Alan Alda, Albert Anastasia, and American Airlines. They are also known as numerous sharp objects such as the Rocky Mountains, Sticks, Teepees and Two Pips. More comical and obscure references include Squirrel (the nuts) and Batteries (Double A). Names for a single Ace include Bull, Bullet, Death Card (spades), Mastercard, One Spot, Puppy Foot (clubs), SEed, Sharp Top, Spike and Tax Card (spades).

Two kings are commonly referenced as Cowboys. Cruder variations on this theme include Butchers of Baghdad (Saddam Hussein on the infamous Iraqi most wanted playing cards). Combinations of alliterations of KK include Krispy Kreme and King Kong (plus Gorillas, Gorillas in the Mist). They are referred to as Ace Magnets. A singular King is also known as Alexander (clubs), Charlemagne or Charles (hearts), David (spades), Julius Caesar or One eyed king (diamonds). Perhaps the most fitting term is The Elvis Presley (The King of Rock n Roll).

Queens often cop the short end of nicknames, partly because of the number of times they are beaten by Aces and Kings, but also through reference to homosexuality. Common polite terms include Ladies, Lovely Ladies, Calamity Jane (likely extensive of Cowboys for KK) and Snowshoes (owing to their resemblance to the original shape of snowshoes). More crude nicknames include Four T*ts, Jail-house Rock, Siegfried and Roy and B***hes.

Smaller pairs such as Jacks to Twos all have a few nicknames. Jacks are known as Hooks or Fish-hooks. Less known names include Kid Dyne-o-mite (TV show reference), Brothers, Jay Birds, John Juanda (Poker Player) and finally Colostomy Bag (Jack is slang for toilet). Two Tens are Two Dimes, TNT, Dynamite and Binary (In Binary 1010 is the equivalent of 10). Nines are known as Barbara Feldon (Get Smart- Agent 99), Phil Helmuth, Popeye and Wayne Gretzky (Hockey Player). Eights are snowmen, Piano Keys, Little Oldsmobile, Racetracks, Two Fat Ladies, Lacey, Pretzels, and Wurlitzer. A couple of Sevens are known as axes, mullets, hockey sticks or walking sticks. Two sixes are known as Boots, Cherries, or Kicks (On Route 66). A pair of Fives are Presto, Snakes or Speed Limit, while a pair of Fours are Canadian Presto, Dark Force, Darth Vader, Magnum and Sail boats. A Pair of three is either known as crabs (claw shaped like the number 3) or treys and a pair of Twos is usually Deuces, Ducks, or Quack Quack (shaped like a duck).

Other hands with nicknames include the powerful Ace and King combination known as Big Slick. Other names include backronyms such as Korean Airlines and King Arthur, as well as the aptly named Anna Kournikova (looks good but seldom wins). Another common reference is Kalashnikov (who designed the AK47). Ace-Queen is known as Big Chick or Mrs Slick. Other notable hands include Jack-Four (Flat Tire) and J6 (Rail Road). A Ten and a Deuce is a famous hand known as the Doyle Brunson after he successful won two World Series of Poker bracelets.

Obviously the list of starting hand nicknames is more extensive than this. In addition there are alot of names too crude to be discussed here. If you are interested in other poker starting hand nicknames I recommend searching Wikipedia for an extensive list of common names with interesting references.

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postheadericon A Guide To Poker Tells: Reading The Competition

One of the most fascinating and critical parts of poker is the extraordinary ability of great players to be able to read a player and work out what cards they hold. Everybody has poker tells and the best players know that the more attention you pay, the more information you can gain about someone. Poker tells include everything that you do at the table from moving chips, speaking and even involuntary mannerisms.

Eyes The eyes are the windows to a person’s soul. The length of stare at hole cards is a key timing tell, each person is different but some people can help but stare longer at their hole cards when they have a big hand. Others quickly snap the cards back down as soon as they see a monster. Another glaringly obvious tell is the glancing to the left consider a steal if in position. Quickly glancing at their chips when the flop comes down usually means they hit a piece of the flop. If a player glances at their chips when they hit it hard, then they will often stare at the flop when they miss.

Hole Cards When someone rechecks their hole cards on a flop that is all of one suit, they normally do not have a flush. If a player squeezes out the second hole card after seeing the first one, it often means at least one ace. An opponent who looks at their hole cards and then looks uninterested has a monster hand.

Betting Patterns Strong means weak and weak means strong, when someone is bluffing, they feel the need to look strong. If you notice a player forcefully betting his chips, he is probably bluffing. If a player looks and then checks instantly, it’s unlikely that he improved his hand.” When a player at the table takes an unusual amount of time to act, this is generally an indication that he has a big hand. If a player looks at his hand then bets instantly, it is highly unlikely that he is bluffing. As said above, a forceful or exaggerated bet usually means weakness. So what do you think a soft and innocent looking bet means? It almost always indicated that the player has a strong hand.

Chip Stacks Studying how the chips are put out, the amount of bet, whether it is large chips or small chips can give clues to betting tells. Loose aggressive players usually have unorganised stacks while tight conservative players keep neat stacks. Some players keep two stacks in cash games, these type of players will stack their winnings off to the side or in front so they can easily tell how much they are up on the game. If you can determine this, they will be less likely to call a bet which would put them in the red for the game, unless they have a very strong hand. If you ever notice a player winning a large pot, and perhaps may still be stacking their chips from it, they will not play the hand unless they have good cards.

Speaking at the table If an opponent is having a conversation during a poker hand and his talk is all of the place, as if his mind is on something else, it usually means he is not too confident in his hand. This correlates to a weak poker hand. Conversely, if a player is talking smoothly while in a hand, it means he is not overly concerned about the hand he is playing. This is because he feels comfortable and usually means a big hand.

Every player gives off tells, try to remain patient and always watch the table even when you aren’t in a hand.

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postheadericon Getting Started With Online Poker: A Beginner’s Guide

Online Poker is a booming multimillion dollar industry with fortunes won and lost everyday. As a poker player keen to start playing in the online poker world, it can be daunting with some many poker rooms and bonuses available.

It is easy to make lots of small mistakes when signing up to Online Poker. Often missed opportunities mean that you lose a lot of value that you could have otherwise obtained. We hope to guide you through the first stages of playing Online Poker.

1) Select a popular, reputable poker room – Obvious but often overlooked. The most popular poker sites are also the most reputable and these include Pokerstars, Full Tilt Poker, Ultimate Bet and Cake Poker. Choose one of these to start with.

2) Sign up to the poker room through a reputable rakeback provider to collect a deposit bonus – Online Poker rooms offer bonuses to sign up new players. When you first sign up to a room you have the opportunity to sign up for a few financial extras including a) First Deposit Bonus b) Rakeback c) Rake Races d) Free Rolls. There are many reputable rakeback providers including Rakeback Power, Rakebrain and Raketherake. Most offers between sites are similar but check out a few and ensure you follow the sign-up instructions correctly.

3) Get used to the poker room and practice with play money – Start at the play money tables. Tweak the poker room settings to your liking and get used to buttons, sounds, and graphics. When you are comfortable with the room, it’s time to consider a real money deposit. Deposit Bonuses usually match your initial deposit i.e. Deposit $600 and get a $600 Bonus. The bonuses are slowly released after you play a certain number of hands.

4) Financial Matters – There are many depositing options available. Take your time reading the fine print about different options. Most charge a small fee. Security is an essential part and you will have to supply identification and often a utility bill to prove you are a real person over the required age bracket.

5) Strategies and Forums – There are an abundance of strategy and forum websites on the internet to assist you. Two Plus Two is a recommended website.

6) Poker Books – There are numerous books around to improve your poker skills. I recommended starting off simple with either Doyle Brunson’s “Super System” or Dan Harrington’s “Harrington on Holdem”. There is no bad book on poker, the more you read, the more you will learn.

7) Essential Poker Software – Many programs exist to make pokering easier or to make you a better play. Table Ninja is a creative tool that uses hot keys to bet for you. Holdem Manager is a crucial database and HUD program that allows you to see player statistics in real time.
8) Coaching and Training Videos – Many membership websites allow you access to a vast arrange of poker videos demonstrating actual play with commentary. Very useful and relatively inexpensive.

9) Bonus collecting and find a poker room that suits you – Once you played enough hands at a poker room to collect the deposit bonus, it is time to move onto another room. Why not start collecting the next deposit bonus available? Eventually you should find a poker room that feels natural and the competition should be easy enough that you can make a steady profit.

10) Take the time to enjoy yourself – Poker can be riveting, frustrating, infuriating and confusing all within five minutes. Remember poker is to be enjoyed, you will lose hands and win hands but hopefully still be smiling at the end of the day.

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