Tag Archives: still

What’s new in the casino world?

The world never stands still too long. If it does, this may mean it’s dying and has nowhere else to go. The eternal question for every business lucky enough to hit a winning formula is whether to change it and, if so, by how much and how quickly. In one shape or form, casinos have been around for centuries. They were gambling in Ancient China and Rome long before anyone thought of building in the Nevada desert. Yet, the basic idea has remained the same. If your luck is in, a small bet will win you a fortune. It’s a remarkably seductive temptation. Just think. All you need is for the dice to fall just so, or the next card to be the 8. The games may change their appearance, but the principle of betting on the outcome of random events remains the same. To that extent, gambling never changes and probably never will change significantly. If there is change, it’s superficial. Say, from the one-armed bandit invented by Charles Fey to the video slots version you start by the press of a button. This makes the arrival of online casinos the first real revolution for at least a century. People have always gathered together to gamble. It could be in a friend’s home, a private club or a place with public access (often condemned as a “den”). The internet does away with the requirement for a “place”. Now people can stay home and still enjoy the pure experience of gambling. It avoids the inconvenience and expense of travel, buying food and drinks in more impressive surroundings and, in many cases, finding somewhere to stay overnight. All you have to tolerate is the quality of the animation and the annoying soundtrack of “live” players and the games. Over the last decade, real world casinos have come under real competitive pressure. They are not doing too well. But, before you all celebrate, this means the states take less in revenue and, as their deficits rise, tax hikes may have to fill in the gap.

This article brings two “back-to-basics” gambits by the competing forms. Let’s start in Atlantic City. There has been a significant drop in the number of players in all venues and for all games. The recession is biting hard. So, albeit only on a trial basis, the management has gone back to the $2 game at two blackjack tables. The thinking is easy to explain. High table minimums frighten away the learners and the more conservative gamblers. People want the maximum gambling experience for the least possible outlay. The casino assures us that, if the trial is a success, more tables will go back to the $2 minimum. Except there’s a twist. If you only bet in the range $2 to $5, you pay a fee of 25 cents per hand as a “contribution toward the operating costs”. It seems casino managements cannot resist biting gamblers in the ass.

Going to blackjack online, Microgaming is introducing a live dealer version. You will be able to interact with the no doubt sexy dealer through the wonder of streamed video. Better still, it makes the online experience more obviously “fair”. Although we have all come to trust the RNG, it’s always more reassuring to see someone deal real cards. Others can also Bet Behind on the seated players and you can book a seat with your favorite dealer. It will be interesting to see whether live dealers represent a new nail in the real world casinos’ coffin.

Poker Strategies: Playing Position II

Just a short follow-up to our earlier discussion of position, and how it applies to poker.

Playing position applies to every form of poker, whether it’s No-Limit/Limit, Holdem, Omaha, Stud, or Razz. Once you understand the strengths of the various starting hands you need to factor in the strength/weakness of your position at the table. Hands that are almost an automatic raise/re-raise in late position, may be only worth a call in mid position, if they are playable at all, and mandatory folds early.

In general, if you are opening the pot (first to act) you will need to have a stronger hand the earlier your position in relation to the button. If you are later in position, but still first to act, you can lower your starting hand requirements and increase your aggression. Take our example of pocket 7’s from Part I. You may want to consider folding if first to act in early position due to the unknown potential of the hands still to act. If action is folded around to you and you are in late position or on the button, a raise is definitely in order. There are fewer people who could compete with you for the pot, making it more likely that you will have the best hand going in if you are called. Same hand, different position, better odds.

Conversely, you can also use your opponent’s position at the table to your advantage. His actions in different positions can help you determine what hands he could be holding. This will, in turn, aid you in making your decision later.

If he is raising in early position, you need to give him credit for a decent hand and judge your hand’s strength accordingly. Similarly, if he is calling or re-raising your bet/raise, you need to give him credit for having a hand. Players usually require a stronger hand to call or re-raise somebody else’s action. You don’t want to start calling with trash hands or re-raising with ATC (any two cards) just because you have position. Having someone already in the pot changes the dynamics of the game and adds another variable for you to consider.

Practice and experience will make taking position into account easier as you go along. After all, position is only one of the many variables you will need to take into consideration while you are at the table.