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Play to Win: A World Champions Guide to Winning Blackjack Tournaments List Price: $14.95 Sale Price: $2.49 Used From: $2.00  |
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Poker tournaments have taken television by storm. So what's next? Blackjack. Ken Einiger is a tournament champion, having won the 2005 World Series of Blackjack on national television. In PLAY TO WIN, Ken introduces you to blackjack tournaments, explaining how to find them, evaluate profit potential, navigate the registration process, even improve your chances of getting on TV. He then takes you step-by-step through the powerful techniques he's developed over 15 years of successful play. Understanding just a few basic concepts can make you competitive in blackjack tournaments. PLAY TO WIN explains these concepts, then takes you further, providing everything you need to become a winner. Who knows? Perhaps one day you'll be the camp at his own game. |
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Play to Win: A World Champion's Guide to Winning Blackjack Tournaments List Price: $14.95 Sale Price: $6.91 Used From: $0.01 |
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Poker tournaments have taken television by storm. So what's next? Blackjack. Ken Einiger is a tournament champion, having won the 2005 World Series of Blackjack on national television. In PLAY TO WIN, Ken introduces you to blackjack tournaments, explaining how to find them, evaluate profit potential, navigate the registration process, even improve your chances of getting on TV. He then takes you step-by-step through the powerful techniques he's developed over 15 years of successful play. Understanding just a few basic concepts can make you competitive in blackjack tournaments. PLAY TO WIN explains these concepts, then takes you further, providing everything you need to become a winner. Who knows? Perhaps one day you'll be the camp at his own game. |
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The #1 most commonly asked question I receive from my subscribers has to do with calculating poker odds properly. When I look at how my students do on their Poker Test scores (overall) when taking my poker test, the area that people clearly struggle with the most is in calculating odds.
You calculate "pot odds" as the current size of the pot vs. the amount of chips you'd be required to bet in order to stay in the hand.
For example, let's say the pot has 1000 chips in it, and you can call a bet of 100. Your pots odds are 10 to 1, or 1000:100. These are the odds the pot is giving you to make that bet.
Another example. The pot has 150 chips in it, and the blind is currently 50, and you're first to act. What's your pot odds? Simple. They're 3 to 1. Once you put your bet in there, the next person's pot odds will be 4 to 1, and so on.
So, the more people there are to act after you, the more likely it is that you're going to end up with BETTER odds than you're seeing from the pot right now. Make sense?
OK then. Now you understand "implied odds" - what your pot odds are likely to be after everyone acting behind you place their bets into the pot, too.
Simple enough - right? Well, sort of. Pot odds by themselves are good to understand and easy enough to calculate. What you also need to know are the odds of improving your hand to WIN this pot!
These are called your "hand odds" - the odds of you improving your hand (or holding the best hand already) to win.
So, let's say you have a flush draw. You're holding two spades and there's two spades showing on the board. You need to draw one more spade, on either the Turn or the River - right? So, what are your "hand odds" now?
The easiest way is to calculate your number of outs. An "out" is how many cards remain that could make your hand. If it's the flop now, then there are four spades showing that you can see. This means there's nine more spades remaining (13 total - 4 showing = 9 left).
So, there's nine (9) outs available that will make your flush. You can calculate your hand odds (roughly) as:
(OUTS times 2) plus 1 = % chance you'll win
So, you have 9 outs. 9 times 2 is 18, plus 1 = 19%
You have a 19% chance of drawing your flush. Now, 19% is basically a 1 in 5 chance of drawing it.
So, should you stay in this hand?
Let's see what your "expectation" would be...
Your expectation is POSITIVE if the pot odds are greater (better) than your hand odds.
In our example, your pots odds are 3 to 1, and your hand odds are only 1 in 5. Fortunately, if two players behind you also call, then your pot odds rise to 5 to 1 - making this a "break-even" kind of expectation (not real good), and that's assuming the other players act as you'd hope they do...
Let's look further, though. Let's say you also have a straight draw, in additon to that flush draw. Now we need to add the additional outs for the straight.
Let's say you need a 9 to make a straight. There are 4 Nines in the deck. Therefore, your total outs are now 9 + 4 = 13.
Our chances of winning just improved:
13 times 2 = 26 + 1 = 27%
So, now you have better than a 1 in 4 chance of winning!
As long as those two people who act after you do call the bet, you'll have a positive expectation and should play this hand (something you generally can't count on).
If they do not act, you'll have "negative expectation", since your odds of winning are 1 in 4, and if you win, you'll get 3 to 1 on your money.
Statistically, if you play with a negative expectation long enough - you lose. All casino games (craps, blackjack, roulette, etc.) have a negative expectation - which is how they build those amazing, expensive casinos and keep them running day in and day out consistently.
To make money in poker consistently, you must learn how to think through these odds. If that's too hard (it is for most of us, so don't feel bad), then go ahead and get a good poker odds calculator:
Calculating outs, pot odds, hand odds and expectation is time-consuming, error-prone and hard to do without a computer. That's why it makes so many people now rely on poker odds calculators.
On the othe hand, you won't have that odds calculator the next time you're playing in a regular, offline game, so be careful to practice doing it the good old-fashioned way.
I'd wish you best of luck, but if you're playing poker odds properly, lady luck will naturally be with you.
Rick
Rick Braddy's poker websites, books and software helps thousands around the world win more Texas Hold'em poker games. You can take his free Texas Holdem poker test to measure your poker skills, read his sit and go poker tournament e-book, and watch his sit and go poker videos to learn how to win more poker tournaments.
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Filed under Play Craps by on Jan 10th, 2010. Comment. 
Thanks for visiting Play-Craps-Online.com!
We hope you will find the blackjack tournaments strategy information that you are looking for.
We welcome you to browse our website and use the search feature if there is something in particular you are looking for.
We've included some information on each page for your reading.
A great place to shop for blackjack tournaments strategy products is Amazon. They have more than just books!
 |
Winning at Blackjack: The Bobby Singer Method List Price: $55.00 Sale Price: $25.00 Used From: $9.50 |
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Winning at Blackjack - The Bobby Singer Method. The Bobby Singer Method is a revolutionary system created by the renowned "King of Blackjack" Bobby Singer. Designed especially with math cowards in mind, this remarkable program can teach the average person to change the odds and win money playing casino blackjack, using only the most basic grade school arithmetic. |
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Tip the odds in your favor and win!Product InformationHoyle Blackjack Series gives you the tools you need to learn the winning strategies for 16 different variations of blackjack. Learn when to hit stand double down or split on your road to success. Though the basic rules are simple the strategies of the pros are complex. Practice your skills at a standard table or video blackjack then enter a tournament and try for the big money! Product HighlightsMultiple Game VariationsEnjoy different blackjack variations including: Video Blackjack Spanish 21 6 Card Charlie Face Up Special 21's and more!Professional RulesPlay blackjack with the official rules from the experts at Hoyle the officialname in gaming!Face CreatorPersonalize your own character with hundreds of options from hairstyle to facialfeatures.TournamentsLearn the strategies and win the big money with tournament-style play.Blackjack CalculatorInput the rules for any blackjack game and learn the odds of winning.Product Features Includes official rulebook from Hoyle Create your own character Choose from single double or quad deck varieties Bonus: Blackjack calculator gives you the authentic house odds and payouts of any variationSystem Requirements Windows 98SE Me 2000 SP 4 XP SP1 Pentium 166MHz processor or faster 32MB of RAM (128MB for Windows 2000 and XP) 350MB of Hard Disk Space 8X CD-ROM Drive Sound Blaster Compatible Sound Card 640 x 480 16-bit color display |
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Doyle Brunsons Super System 2 - A Course in Power Poker List Price: $34.95 Sale Price: $18.62 Used From: $15.40 |
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The Most Anticipated Book in the History of Poker!Super System 2 gathers together the greatest players, theorists, and world champions and expands upon the original with more games, new authors, and most importantly, more professional secrets from the best in the business.Pokers Greatest Players Share Their SecretsThis superstar lineup is led by Doyle Brunson, two-time World Series of Poker Champion, nine-time WSOP gold bracelet winner, and the greatest poker player of all time. His hand-picked roster of expert collaborators includes: Daniel Negreanu, winner of multiple WSOP gold bracelets and 2004 Poker Player of the Year; Lyle Berman, three-time WSOP gold bracelet winner, founder of the World Poker Tour, and super-high stakes cash player; Bobby Baldwin, 1978 World Poker Champion and president of Bellagio; Johnny Chan, two-time World Poker Champion and nine-time WSOP gold bracelet winner; Mike Caro, pokers greatest researcher, theorist, and instructor; Jennifer Harman, the best female player in the history of poker and one of the ten best overall; Todd Brunson, winner of more than twenty tournaments; and Crandell Addington, a no-limit hold'em legend.The Complete Masterpiece of PokerTogether with the original Super System, hailed by professionals as the most influential book on poker ever written, this two-volume set comprises a full library of the best poker advice, strategies, and professional concepts ever published.Paperbound version |
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Casino Tournament Strategy List Price: $29.95 Sale Price: $17.20 Used From: $3.63 |
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Casino Tournament Strategy explains how to get an edge at tournaments in blackjack, craps, baccarat, keno, and betting on horses. |
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500 Ultimate Poker Chip Set with Free WPT Rule Book. 14 Gram Heavy Weighted Poker Chips. Sale Price: $39.99 |
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This is our 14 Gram Heavy Weighted poker chip Set with Ultimate design. This is a laser Graphic poker chip which means it will sparkle when you use it in your game. This items ships in a 500 ct aluminum case. We also include a Free WPT Rulebook with this chip set. This poker chip is perfect gift for anyone that is relatively new to the game of poker! Free Rule Book, Ultra Heavy Casino graded poker chips. |
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1000 Ultimate Acrylic Poker Chip Set with Free WPT Rule Book. 14 Gram Heavy Weighted Poker Chips. Sale Price: $79.99 |
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This is our 14 Gram Heavy Weighted poker chip Set with Ultimate design. This is a laser Graphic poker chip which means it will sparkle when you use it in your game. This items ships in a 1000 ct acrylic case. We also include a Free WPT Rulebook with this chip set. This poker chip is perfect gift for anyone that is relatively new to the game of poker! Free Rule Book, Ultra Heavy Casino graded poker chips. |
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What is expected value?
The expected value (EV) or expectation of a wager is how much you will win in the "long run" by making that wager.
For example, if you are on a flush draw on the flop, the probability you will hit your flush by the river is about 36% of the time. The odds are about 2-1.
If there is $50 in the pot, and you only have $10 left, you should call. You are betting $10 to win $50, or 5-1 odds. The expected value
Expected Value: A Lousy Concept for Tournaments
The more I play tournaments the more I learn that expected value is a lousy concept for tournaments. Here are some of my reasons why:
1. It is based on the "long run."
Cash games are in the long run. A tournament is not the long run. It is one moment in time.
2. It is based on the value of the chips being equal.
In cash games, a buck is a buck. In a tournament, the value of your chips change based on the blinds. As the blinds increase, it is said your chips are "worth" less.
3. Tournaments provide more opportunities to accumulate chips, so why not play when you have the upper hand.
I recall Chip Reese's story on how he lost a big pot against a poor player even though he had a slight edge. He said that sometimes the mathematically correct play is not the right play. And I think this is what happens when you adhere to expected value in a poker tournament.
My new tournament poker concept: Unexpected Value
What is unexpected value? Unexpected value is making a fold even though you have positive expected value, since you know you will get more value out of a better poker situation.
I will give you an example from a MTT I was playing in last night. It was down to 18 players. There were 9 players at my table and I was on the button. A tight player raised 3x's the big blind. It was folded to me. I found pocket Jacks. A call made no sense since it committed half my stack. It was a situation where if I moved all-in, the raiser would call me since he had committed about 40% of his chip stack.
Since I knew my opponent was tight, he was pot committed, and 65% of the time the flop alone will have one card higher than my Jack, I made the unusual play. I folded.
It ended up being the right thing to do since I was able to take my low chip stack and finish 4th.
What do you think?
Mitchell Cogert is the author of "Tournament Poker: 101 Winning Moves." It is the only reference book to reveal the plays the Pros use to win a poker tournament. These plays are based on reviewing 20 years worth of tournament poker strategies and by actual play against Daniel Negreanu, Erick Lindgren, David Pham and other top pros. The book is highly rated with 5 out of 5 stars on amazon.
For more information go to How to Win a Poker Tournament. The web site address is http://www.APokerExpert.com Twitter: Mitchell1969
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Filed under Play Craps by on Dec 27th, 2009. Comment.