Tag Archives: online poker

Four Good Reasons to Play in Poker Tournaments

There are many reasons to play to play in poker tournaments probably as many as there are tournament poker players. Poker tournaments are rewarding, exciting, lucrative and very useful for gaining experience, which is so important to become a good poker player. Poker tournaments have shown a massive increase in popularity in the recent years and are now not the playground for the pros and stars but a way for all players to have fun and win a good payout.

First of all poker tournaments are real fun, full of competition and thrill. Of course it is nice to play in a cash ring game and leave the table with more cash at the end but it can’t be compared with the feeling of joining a tourney together with many other players and waking away the winner over them all. Tournaments offer fantastic pay outs to the players who make into the money which are rarely met by the cash games. These days poker tournaments usually have prize pools in the thousands of dollars and huge earning opportunities.

When you take part in a poker tournament you also have a chance to learn the game inexpensively. If you enter a low buy-in tourney you get plenty of action for your money, if you are good or get lucky the tournaments can give you good two or three hours of poker game. It is also an excellent chance to learn a new variety of poker such as Razz, Omaha Hi-lo and the others for limited amounts of money without the risks of mounting losses to worry about.

Playing in tournaments players can concentrate their efforts becoming more skilful and knowledgeable in the game on the budget that suits them. Not only your costs are set by the tournament buy-in when players enter the tourneys they find that the game tends to be more pure than at the ring tables. The opponents know that they can only last in the game until they run out of chips and can not rely on unlimited amounts of extra buy-ins and top up their losses at any time. That is why players tend to play more by the book and follow the rules. So this is an ideal opportunity to see how poker theory works in practice. Too often in cash games, especially on low limits, players act “crazy” against all rules and logic relying too much on the bankroll to support them and gamble unnecessarily.

Tournaments are also a great chance to compare your skills against some of the top players. Of course you will not find the pros at $20 buy-in level in a small casino but in a large poker room with $200 buy-in players of top calibre are certainly present and give every one a chance to measure up their game against the strong competition. Nothing builds up the confidence of a player than sitting at the same table with a pro and sending him to the rail.

There is a huge number of online poker tournaments offered by all online poker rooms with different levels of buy-in to suit every budget including freerolls where beginners can test their skills for free and without risking a cent of their own. There are multi-table tournaments, where a big number of players compete for the top prize, sit and go tournament that run throughout the day and begin as soon as the required number of players register, heads-up tournaments where two players compete against each other. Online poker tournaments can have different structure. Some allow re-buys and add-ons, where players can add more chips during set period of time, some tournaments are freeze out, where no extra funds can be added.

Online poker rooms often offer their players a chance to qualify to big live poker events such as WSOP, WPT and many other prestigious poker tournaments through the series of satellites. Players who enter big live tourneys mostly do not buy themselves in directly but go through the stages in online poker tournaments. Such satellites often begin from a small buy-in amount, which can be less than $1, and give ordinary players a chance to work their way up into the final and then into the Main Event. History knows many examples when amateurs entered the big events and won over world champions. With growing popularity of online poker satellites such success story have become more frequent and opened the door to the elite tourneys to millions of players around the world.

Poker is Gambling!

Poker is Gambling!

According to Wikipedia, following is the definition of gambling:

Gambling is the wagering of money or something of material value (referred to as “the stakes”) on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period.

Online poker was interpreted by the US government tp be gambling and thus was incorporated into the Unlawful Internet Gaming Act of 2006 (added on at the last minute to the Port Security bill… so any Congressman or Senator would have to vote against keeping our Ports safe in order to keep online poker legal… didn’t happen)

The bill, as defined by most experts, did not actually make the act of online gambling an illegal act, but rather made it illegal for the financial institutions and payment processors to facilitate the act of online gambling. This caused many online poker sites to find apparently illegal ways to have players fund their poker accounts and illegal ways to pay funds to players upon their withdrawals.
April 11, 2011 was Black Friday for online poker players such as myself.  Executives at the 3 major online poker sites of Poker Stars, Full Tilt, and Ultimate Bet/Absolute Poker were indicted on primarily money laundering and wire fraud charges and online poker came to a crashing halt for residents of the United States.
To date (August 24, 2011) Full Tilt Poker has not refunded money that was in player accounts ( A good friend of mine has $50,000 tied up in Full Tilt, and this figure in miniscule compared to many other players). Full Tilt has insisted all along that they will make good on refunding player funds, but it hasn’t happened yet and only time will tell. Full Tilt’s license is now shut down by the gaming commission which regulates it, so they now owe the world’s players funds along with US residents.
Poker Stars quickly returned player funds to US residents and now continue to be a leading online poker site for the rest of the world.
Ultimate Bet/Absolute Poker has completely shut down and hopes of their player funds ever being returned to players appears futile.
Since then, the US government has shut down several other smaller poker sites.
Now that is a quick rundown of the thrashing online poker players have took since Black Friday, April 15th, 2011 through today, August 24th, 2011.
I will not argue as to whether or not poker is gambling. By the Wikipedia definition, it can only be interpreted as gambling. However, by the same definition, here are some other gambling activities:
Starting a Business
Buying a House
Investing in the Stock Market

As far as the short term aspect of the definition: Poker has daily ups and downs. Business has daily ups and downs. The Stock Market has daily ups and downs. The daily ups and downs of poker  are often less than the swings in these other gambling activities.
People who know what they are doing in business make money, people who don’t lose money. People who know what they are doing in the stock market make money, people who don’t lose money. People who know what they are doing in real estate make money, people who don’t lose money. People who know how to play poker make money, people who don’t lose money.

Skeptical?

I challenge any other of these gambling avenues to show me a track record more predictable and consistent than my track record of over 25,000 online tournaments:

Sharkscope.com –  chicubbies07 (Full Tilt Poker), deuceflopalo (Poker Stars)
Officialpokerrankings.com – chicubbies07 (Full Tilt Poker), deuceflopalo (Poker Stars), muckitforme (Party Poker)

In conclusion, poker is gambling, but (like it or not) the right to gamble with our own money is what has created the American Dream!

And yes… there were some losers along the way.

Henry Ford knew how to make cars. I know how to play poker. Can I have my company back?