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Tuesday, June 14, 2005

Innovation In Bookmaking

Q & A with
Dalton Wagner, Founder V.O. Group, S.A.

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of ferreting out new markets and attacking while other companies sit on their hindquarters and watch. One market that has always eluded offshore bookmakers is the ‘guy who likes dealing with his credit bookmaker’. Typically this market has been untouchable for the offshore bookmaker, but NOT for Dalton and V.O. Group, S.A. We had an opportunity to catch up with Dalton Wagner on his last visit to Panama.

Vegas Offshore: Tell us about this new product that you are calling your Price Per Head Agency Relationship.
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years. The reason this market exists is the personal relationship that an onshore bookie has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however we have taken another tact. We have partnered with local bookies around the world to make their offering better and more valuable.

Vegas Offshore: So instead of attacking the local guy, you actually approach him with your offer?
Wagner: Exactly. The fact is that the relationship is the last thread holding clients to a local guy. Yes, there is the fact that the local guy extends credit, but with bonuses and promotions we can overcome that offering. The key is the relationship.

Vegas Offshore: I’m confused, please explain.
Wagner: As you know, the onshore bookmaking market has lost steam to the offshore providers like V.O. Group, S.A. The reason is that the offerings that I can provide are far superior to those that any onshore bookmaker can offer. The PPH concept is based on allowing the onshore bookmaker to provide his clients my offerings on a purely anonymous basis via an online automated tool. Rather, by signing up with my PPH service, an onshore bookmaker can compete with all offshore sportsbooks on equal footing offering 24-hour wagering, 365 days a year. All the bookmaker does is use an online system to assign PINs and PASSWORDs and pay me a small fee per week for the service.

Vegas Offshore: Wait a minute. So, this means that a small time operator in Cleveland, Ohio can offer all the same things that V.O. Group, S.A. does without making the multi-million dollar investment?
Wagner: Now your catching on. For as little as $25 per head per week, a guy in Ohio can compete with the biggest sportsbooks in the world. And, better yet, never answer another wagering phone call again.

Vegas Offshore: OK, I get it. They use your automated tool to drive their clients to your software online, and they simply pick up the figures at the end of the week.
Wagner: Exactly correct with one exception. Their clients can bet on the phone via our call center staffed with 250 people OR bet online. Again, they have access to all of the offerings V.O. Group, S.A. provides including call center access, client services and technical support.

Vegas Offshore: Is the PPH product only based on sports wagering?
Wagner: Very good question. The answer is no. We actually have the ability to offer clients two (2) casino products including blackjack, baccarat, slots, 3 card poker, roulette, etc. And, clients may also bet on horses at over 350 tracks worldwide.

Vegas Offshore: Wow! That truly is incredible. So, a bookie that has one client can compete with the likes of MVPsportsbook.com on equal footing?
Wagner: Exactly correct. But, there are two keys to the success of the product launch. The first is being able to compete head to head with the biggest sportsbooks in the world. But, arguably the most important factor is that since the onshore bookie no longer has to answer phones or track plays, he can spend all of his time picking up new clients, NOT writing bets.

Vegas Offshore: I remember that in a prior interview you had stated that the key is not winning, but finding more losers.
Wagner: An embarrassing quote, but true. Amateur bookmakers think that the key is to beat the clients you have. That is a huge mistake. The key to getting rich as a bookmaker is finding a new client every single day of the year. The numbers take care of themselves, the key is to get more and more people playing. That is the TRUE BEAUTY of the PPH software and agency relationship.

Vegas Offshore: Do you have any success stories to tell?
Wagner: I have many, but will tell you one that emphasizes what the PPH program can do. I have a bookmaker that has been working out of San Antonio, Texas for 10 years. The guy has historically made $200,000 a year from his 25 or 30 players. He was introduced to our product in July 2004, and today he is writing over 185 clients. The ability to outsource answering calls and writing tickets to us has allowed him to grow his business 600% and his revenue over 1000%.

Vegas Offshore: Why did his revenue grow more than his business? Is it because your lines are sharper than his?
Wagner: There you go again. That is the obvious mistake that everyone makes. Again, don’t worry about beating the clients. Worry about getting more clients to play. But, to answer your question directly, the ability for his clients to play in the casino, play 24 hours a day, play games/halves/quarters, props, etc. is where the extra revenue comes from. Our lines might be sharper, but the advantage is more clients betting more often.

Vegas Offshore: How many bookmakers do you currently work with?
Wagner: We are writing business for over 250 bookmakers now. Some represent groups as small as 2 or 3; and others represent groups as large as 500. Again, remember the key is finding as many clients as possible. If you get to where you are writing 15 clients or more, it is almost impossible to lose for an extended period of time.


Vegas Offshore: So how does a bookmaker learn more about this?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.

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Monday, June 13, 2005

State of the Offshore Gaming Industry

Q & A with
Dalton Wagner, Founder V.O. Group, S.A.

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of making one-dollar work like three in online marketing. With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998 and has quickly risen to be one of the largest offshore operators in the world with over 50,000 active clients. We had an opportunity to catch up with Dalton Wagner on his last visit to Antigua.

Vegas Offshore: This year has been interesting for V.O. Group, S.A. and the offshore industry as a whole (advertising changes, etc.). How do you feel about the industry at the current time?
Wagner: I feel the industry is as strong as it has ever been. We are still finding that our advertising is bringing us new clients at an ever-growing rate. Some competitors are complaining that the crimp on advertising is affecting the industry, but we are not seeing this trend. Consolidation within the industry has begun, and I am sure you will continue to see smaller competitors gobbled up, and medium to larger companies merging. The weaker will go by the wayside.

Vegas Offshore: What about the rumors of V.O. Group, S.A. being bought?
Wagner: I am glad you used the term 'rumors'. The fact is that in July 2004 three suitors approached V.O. Group, S.A. because of our record-breaking profit year. In two of the cases we did see 'value' in a merger/relationship. However, at the end of the day, we could not come to terms that were agreeable on both sides. At this time V.O. Group, S.A. stands independent. And, we are happy being independent, profitable and growing.

Vegas Offshore: It is rumored that Bet On Sports (PLC; BSS.L) was one of the suitors. Is that true?
Wagner: There were three suitors that approached V.O. Group, S.A. And, in all cases confidentiality agreements were signed. For this reason, I cannot confirm or deny who any of the potential suitors were. What I can tell you is that one was a major sportsbook player, one was a major casino player and two were PLCs. I doubt that helps.

Vegas Offshore: Well, if Bet On Sports was involved, I bet you are happy you weren't involved in their November 24, 2004 stock debacle.
Wagner: The Bet On Sports stock debacle was an over-reaction by the market in my opinion. In one day you saw their stock drop 50% in value. And, the reason was poor performance in a very short period. If you looked at the other publicly held offshore gaming companies, you saw the same thing, just not as drastic as with BSS.L. Simply put, I know the founder of Bet On Sports, I know the management of Bet On Sports, I know the staff at Bet On Sports and I would not hesitate to invest in Bet On Sports. They were, and still are, undervalued in my opinion. They are a great competitor and a great company. I wish I had some of their stock at the new adjusted price. I just don't see how you can lose.

Vegas Offshore: It is rare to hear the 'competition' speaking so highly of a major competitor. Why would you do so?
Wagner: Simple. Bet On Sports is a great company. And, I am sure they would tell you the same about V.O. Group, S.A. The fact is, that there are companies out there that make our industry stronger. And, ones that make it weaker. Bet On Sports and V.O.Group, S.A. strive to make our industry stronger and more legitimate on a daily basis (as do BetCris.com; BoDog.com; etc.). What kind of ambassador for the industry would I be if I downplayed a 'good' competitor like Bet On Sports for my own benefit?

Vegas Offshore: If Bet On Sports did approach you, would you consider a merger?
Wagner: I like being independent. But, simply put, NEVER say NEVER.

Vegas Offshore: What of the rumors that you are looking at Panama as a potential relocation site?
Wagner: Our operation currently has offices in Costa Rica, Antigua and Belize. In Costa Rica we currently have over 400 employees. With employment costs in Costa Rica on the rise, the burden of Caja and the ever-changing political climate, we have looked at several alternative locations. One of the most desirable is/was Panama. However, due to the massive failure of BetPanAm.com and the political debacle involving their past gaming commission, we have decided to stay put for the current time. I think it is very safe to say that our primary location will be Costa Rica for the next 5 years. Pending any crazy licensing or governmental changes.

Vegas Offshore: I have visited your office in Antigua, however had no idea that you employed 400 individuals in Costa Rica. Why do you need such a large staff?
Wagner: Our industry has a reputation for being lazy and getting by on a shoestring budget. Most sportsbooks, casinos, racebooks and poker rooms answer phones when it is convenient and buy computers when the ones they are operating blow-up. Most are simply embarrassing to the legitimate operators. To run an operation like ours, servicing 50,000 bettors, you need lots of space, a 1st rate phone system, fiber and satellite phone and Internet backups, IT professionals, accounting professionals, etc. V.O. Group, S.A. is currently located in 35,000 square feet of space, operating 24-hours a day, 365 days a year, and we are busting at the seems. At the current time, we are negotiating to buy the building next to us for future expansion. I think we will employ 600 people come this same time next year.

Vegas Offshore: I have noticed that you are still branching into other products. How has this strategy worked for V.O. Group, S.A.?
Wagner: In 1998 we started with our sports product. We then branched into the casino product. In 2001 and 2002 we opened several major race books and poker rooms. The fact is that we are profitable in all products. However, our core product, and hub for our advertising, is focused on the sports product. The strategy has worked, but we will not desert our core product. You can look for our re-launch of interactive betting in early 2005 and bingo in mid 2005.

Vegas Offshore: What other changes do you see in 2005 for V.O. Group, S.A.
Wagner: I think you will see V.O. Group, S.A. work more on our Internet interface to make it more gamer-friendly; you will see our company move into land-based gaming; and you will see us acquire two or three smaller competitors. Rather, you will see what you have always seen, expansion.

Vegas Offshore: What other changes do you see in 2005 for the industry as a whole?
Wagner: The strong will get stronger. The weak will get weaker. And, the acquisition race will be on.

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Monday, March 14, 2005

Bookmakers!

Read Below To Earn More Cash Than Ever

Are you a onshore bookmaker that wants to Minimize Legal Exposure, Increase Potential Profits, Spend More Time Enjoying the Money You Are Making, and Grow Your Business Beyond Your Wildest Dreams? If you answered ‘YES’ to one or all of these questions, then you need to look at a Price Per Head Agent Relationship with our company.

The concept of a Price Per Head Agent Relationship is based on you, the onshore bookmaker, paying our company a service fee to offer the same services that we offer to thousands of clients (on an anonymous basis).

For the first time, you will be able to offer Internet and Phone access to Sports, Horse and Casino (2 casinos) wagering to all your current clients (via a simple PIN and PASSWORD betting system). No longer do you have to compete with offshore sportsbooks and lose clients. YOU WILL BE ABLE TO OFFER EVERYTHING THAT THEY OFFER!

We are Licensed to offer bookmaking services.

We have been in business for 7 years.

We write business for 15,000 clients daily.

We are open 24-hours a day, 7-days a week, 365 days a year.

We have over 500 operators standing by to make you money!

Take advantage of our $5,000,000 USD investment to make your services better than ever. No longer will you have to answer calls all Saturday and Sunday. No longer will you have to lose clients to the offshore bookmakers. No longer will you have to worry about having your door kicked in by the authorities. Now you can compete with the Big Boys! You will simply sit back, watch the games, and earn more than ever before.

To learn more, go to our website, and click on ‘Agents’. If you prefer to use a white-labeled site without bonus and promotional text, visit www.BettorsNet.com for more information.

We look forward to being your service provider.

Call 1-888-333-6914 for more information.

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Innovation In Bookmaking

Q & A with
Dalton Wagner, Founder V.O. Group, S.A.

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of ferreting out new markets and attacking while other companies sit on their hindquarters and watch. One market that has always eluded offshore bookmakers is the ‘guy who likes dealing with his credit bookmaker’. Typically this market has been untouchable for the offshore bookmaker, but NOT for Dalton and V.O. Group, S.A. We had an opportunity to catch up with Dalton Wagner on his last visit to Panama.

Vegas Offshore: Tell us about this new product that you are calling your Price Per Head Agency Relationship.

Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years. The reason this market exists is the personal relationship that an onshore bookie has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however we have taken another tact. We have partnered with local bookies around the world to make their offering better and more valuable.

Vegas Offshore: So instead of attacking the local guy, you actually approach him with your offer?

Wagner: Exactly. The fact is that the relationship is the last thread holding clients to a local guy. Yes, there is the fact that the local guy extends credit, but with bonuses and promotions we can overcome that offering. The key is the relationship.

Vegas Offshore: I’m confused, please explain.

Wagner: As you know, the onshore bookmaking market has lost steam to the offshore providers like V.O. Group, S.A. The reason is that the offerings that I can provide are far superior to those that any onshore bookmaker can offer. The PPH concept is based on allowing the onshore bookmaker to provide his clients my offerings on a purely anonymous basis via an online automated tool. Rather, by signing up with my PPH service, an onshore bookmaker can compete with all offshore sportsbooks on equal footing offering 24-hour wagering, 365 days a year. All the bookmaker does is use an online system to assign PINs and PASSWORDs and pay me a small fee per week for the service.

Vegas Offshore: Wait a minute. So, this means that a small time operator in Cleveland, Ohio can offer all the same things that V.O. Group, S.A. does without making the multi-million dollar investment?

Wagner: Now your catching on. For as little as $25 per head per week, a guy in Ohio can compete with the biggest sportsbooks in the world. And, better yet, never answer another wagering phone call again.

Vegas Offshore: OK, I get it. They use your automated tool to drive their clients to your software online, and they simply pick up the figures at the end of the week.

Wagner: Exactly correct with one exception. Their clients can bet on the phone via our call center staffed with 250 people OR bet online. Again, they have access to all of the offerings V.O. Group, S.A. provides including call center access, client services and technical support.

Vegas Offshore: Is the PPH product only based on sports wagering?

Wagner: Very good question. The answer is no. We actually have the ability to offer clients two (2) casino products including blackjack, baccarat, slots, 3 card poker, roulette, etc. And, clients may also bet on horses at over 350 tracks worldwide.

Vegas Offshore: Wow! That truly is incredible. So, a bookie that has one client can compete with the likes of MVPsportsbook.com on equal footing?

Wagner: Exactly correct. But, there are two keys to the success of the product launch. The first is being able to compete head to head with the biggest sportsbooks in the world. But, arguably the most important factor is that since the onshore bookie no longer has to answer phones or track plays, he can spend all of his time picking up new clients, NOT writing bets.

Vegas Offshore: I remember that in a prior interview you had stated that the key is not winning, but finding more losers.

Wagner: An embarrassing quote, but true. Amateur bookmakers think that the key is to beat the clients you have. That is a huge mistake. The key to getting rich as a bookmaker is finding a new client every single day of the year. The numbers take care of themselves, the key is to get more and more people playing. That is the TRUE BEAUTY of the PPH software and agency relationship.

Vegas Offshore: Do you have any success stories to tell?

Wagner: I have many, but will tell you one that emphasizes what the PPH program can do. I have a bookmaker that has been working out of San Antonio, Texas for 10 years. The guy has historically made $200,000 a year from his 25 or 30 players. He was introduced to our product in July 2004, and today he is writing over 185 clients. The ability to outsource answering calls and writing tickets to us has allowed him to grow his business 600% and his revenue over 1000%.

Vegas Offshore: Why did his revenue grow more than his business? Is it because your lines are sharper than his?

Wagner: There you go again. That is the obvious mistake that everyone makes. Again, don’t worry about beating the clients. Worry about getting more clients to play. But, to answer your question directly, the ability for his clients to play in the casino, play 24 hours a day, play games/halves/quarters, props, etc. is where the extra revenue comes from. Our lines might be sharper, but the advantage is more clients betting more often.

Vegas Offshore: How many bookmakers do you currently work with?

Wagner: We are writing business for over 250 bookmakers now. Some represent groups as small as 2 or 3; and others represent groups as large as 500. Again, remember the key is finding as many clients as possible. If you get to where you are writing 15 clients or more, it is almost impossible to lose for an extended period of time.

Vegas Offshore: So how does a bookmaker learn more about this?

Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.

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Poker Frequently Asked Questions strip poker dealers poker strip poker casinos gambling

Questions about Poker

1. Are all poker games the same?

No. Poker is a reference to a five-card hand, consisting of ranks from high card to straight flush (some games allow for a five of a kind). In reality, there are many different types of poker. Some games involve more skill than others. For example, the most popular poker game is currently Texas Hold'em, which requires a lot of skill but still has a decent amount of luck (at least in the short run). Games that involve a lot of wild cards tend to have a much stronger luck element (such as baseball).

2. Is poker gambling?

Generally, poker is considered gambling. Many people, who play with their friends, do not always play for real money. Also, many people play on the internet for fake money, which would not be considered gambling because they are not risking anything of real value. However, most people play poker and wager real money, though generally at low stakes. One can win in the long run at poker because there is a lot of skill at poker. Because of this, poker is generally considered a different type of gambling because you can win at it in the long run. Nevertheless, no one is ever guaranteed to win, and each session can produce a variety of outcomes.

3. What is the difference between casino poker and multi-player poker?

Casino poker includes video poker machines, let it ride, and caribbean stud. These games have set house advantages, and it is impossible for the player to win in the long run. These games are much more similar to other casino games like craps and slot machines than they are to multi-player poker. The type of poker strategy covered on this site is about multi-player poker, where people play against each other and not the house. Multi-player poker has much more skill, and it is possible to win at this type of poker in the long run.

Questions about Online Poker

1. Is online poker legal?

It depends where you live. In some areas, gambling of all kinds is forbidden (such as the American states of Utah and Hawaii). In other areas, such as in the United Kingdom, online poker is considered legal. This site is not a legal authority of any kind, so please consult the laws of your area before playing. If you are not sure about the legality in your jurisdiction, just don't play online poker.

2. Is online poker safe?

It should be as long as you follow several precautions:

A. Play at a reputable site. The one's reviewed here with higher scores have a very clean history and you shouldn't have trouble with them. Make sure the site is licensed and many other people play there.

B. Cash out often. Why risk losing a lot of money if something bad happens? It is always good to cash out often. Not only is it insurance against having your money stolen, it prevents you from losing a lot of money if you ever go on tilt.

3. What is 'on tilt'?

Being 'on tilt' means playing poorly due to your emotions.

4. Do people cheat at online poker?

There is something known as collusion, where people gang up on their opposition by telling their friends at the table what cards they have. They do this on the phone or through an instant messaging program. This is cheating. Poker rooms do their best to find and ban colluders, and many have been banned from poker rooms. It is very easy for a poker room to detect collusion because they have the ability to review every hand for suspicious play.

Also, people who resort to cheating are usually bad anyway, so it's not a big problem. Furthermore, collusion only works well at the longer tables where it is harder to spot it. People trying to collude at a game with 5 people in it may in fact hurt their play rather than give them an edge.

If you are ever suspicious of collusion, leave the table and notify the poker room.

5. How much money should I deposit?

The answer is: it's up to you. Never deposit more money than you can afford to lose. Not only do you not want gambling to have a negative affect on your financial health, you should never play scared. If you care too much about the money at the table, it will adversely affect your play. When deciding what limit to play, you should generally aim for a limit where you can afford at least 100 big bets (i.e. have $200 for a 1-2 game).

6. Where should I play?

Read our Reviews. Currently, Pacific Poker and Empire Poker hold the top two spots. This is because Pacific has very easy competition (good for beginners) and Empire Poker is a good all around poker room (many games, many players, good about cashouts, etc.)

7. How long will it take the poker room to process my cashout?

Each place is different- the average is about two business days. Some places take longer though- like Pacific Poker.

8. Are my winnings taxed?

Not by the poker rooms, but you generally need to report your winnings to your government on your income tax return (assuming you live in a country with income tax). This is the type of question that really depends on where you live because some countries treat gambling winnings differently from income. For example, in the United Kingdom gambling winnings are not generally taxed because a tax on gambling winnings is considered to be a double tax.strip poker dealers poker strip poker casinos gambling

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Video Poker History Strip Poker Dealers and Casino Gambling

The exact origins of poker are often debated and no precise answers exist. Furthermore there are no clear explanations as to how the game initially was created. Based on the fundamental principles of the game its believed to have been created many, many moons ago. It is widely accepted that contemporary poker was a derivative from many different games. The earliest references to poker were allegedly made by Jonathan Green way back in 1834. His writings mentioned the rules of a game he referred to as the "cheating game." A card game which was being played in riverboats all along the Mississippi River during this time. After discovering that he had assumedly made the first references to the game he chose to call it poker.

Also highly contested are the origins of the word Poker. Many dictionaries indicated that it was derived from and eighteenth century French game, poque. There are also many dictionaries that make reference to a German game known as pochspiel. Others say it may have originated from the Hindu word, pukka. The game of video poker was made possible by of the invention of the computer chip, thus its origins can be traced back to the mid 1970's. The actual term "video poker" is used to refer to the many variations of the original poker game. Video poker is a combination of slot machines and the normal five-card draw poker game. The obvious differences are that video poker is played against a machine apposed to humans. The primary goals are still the same - to achieve the certain hands indicated on the payout table for the particular game you are playing. Each game may have unique rules and payoffs, but all are played in a comparable manner based on the original poker game. Strip Poker Dealers and Casino Gambling.

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Monday, February 07, 2005

Casino Scams: Watching out for the Crooks! Strip Poker Dealers

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Friday, February 04, 2005

Video Poker Game Objective Strip Poker Dealers

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A History Of Online Casinos Strip Poker Dealers

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Friday, January 28, 2005

Poker Hand Nicknames strip poker dealers

Poker Hand Nicknames
strip poker dealers

One problem with poker hand nicknames though is they sometimes become obsolete. Take the case of three tens, TTT. One nickname for this three of a kind is "thirty miles of bad road", which is often shortened to "thirty miles." Many years ago this thirty miles notion led to the hand getting its most famous nickname: "Gilroy to San Jose." Unfortunately, these days San Jose has sprawled all the way up to the Gilroy city limits! Even if it means we can apparently travel thirty miles in one step, I guess we have to keep the nickname. More puzzling though is another, more obscure nickname for TTT: "Woodbine to Corbin." One would assume the genesis of this nickname is the same as Gilroy to San Jose, but take a look at a map. Woodbine is about five miles from Corbin! I guess that's why the nickname hasn't caught on.

While a few full poker hands have nicknames like "the dead man's hand" of Aces and Eights, two card Texas Hold'em hands tends to lend itself more to nicknames. I suppose this is because there are fewer card combinations than in Omaha for example, where only rare birds like AK47 (A-kay-forty-seven) can get nicknamed. However, in Omaha an entire branch of hands are classified as "double-scheckies" due to the incomparable Bob Scheckman's penchant for falling in love with any bit of double-suited shit that came his way. In any case, here are a few Texas Holdem starting hand nicknames that have stood the test of time.AA Rockets; Bullets; American AirlinesKK CowboysQQ Canadian Rockets; Canadian Aces; Siegfried & RoyJJ Fishhooks; hooks88 Snowmen; Doggie Balls77 Sunset Strip66 Route 6655 Presto; Speed Limit44 Canadian Presto33 Crabs22 Ducks

AK Big SlickAQ Big Chick; Walking Back to HoustonKQsuited MarriageKQoffsuit Mixed MarriageKJ KojakK9 Fido; What a DogK3 Commander Crab; King CrabQ7 Computer handQ3 Gay Waiter (queen with a tray) J5 Motown; Jackson FiveT8 Golden DanT5 F&W Woolworth's; Five and DimeT4 Broderick Crawford; Convoy; Good BuddyT2 Texas Dolly98 Oldsmobile96 Big Lick; Dinner for Two95 Dolly Parton92 Montana Banana83 Most feared hand in Holdem7T Split76 Union OilThen there is the case of J4. First named after John "Austin Squatty" Jenkins due to his penchant for raising and reraising with this hand of "hidden value", the hand later also became known as "Kid Grenade" after a poker dealer who when he played was "liable to go off at any moment". He once told me the hand's true nickname should be "Full Employment" because "If you play J4, you'll always have a day job."

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Schooling strip poker dealers

Schooling
strip poker dealers

Schooling is a belittling term used to describe what loose poker players do as a defense mechanism. (Sheep flock; fish school.) If a pot is fairly small on the turn in Holdem, and the player with the best hand bets, any single player with a only gutshot draw will be making a significant mistake by calling. But now suppose several other people call too, with different gutshot draws. Because these other players are playing bad also, now the pot has grown to the point where the gutshot draws are getting better pot odds on their calls. These bad calls "school" together and miraculously become not-so-bad calls!Schooling is part of the reason many reasonable players complain that they are unable to beat loose games. Everybody going to the river, sucking out every possible draw, how can a sensible player make a hand "hold up" and beat such a game? Well, it’s not hard really. A winning player merely wins money differently (and with higher variance) in these games. Schooling is actually profitable to good, winning players, but it does take a little analysis to see why. One column can't do justice to this topic, but maybe an example will help some people start having the right idea on how to view schooling.

Suppose you are playing $10/20 Holdem. In the big blind you have A9 (suits don’t matter here). Six people limp in, you check. The flop is AT5. Not so great, but you bet to see what happens. All six of your opponents call. Uh-oh, you start thinking about checking and mucking on the turn. But the turn card miraculously comes another Ace! You bet $20 into the $140 pot.Via the magic of being able to make this stuff up, it turns out our six opponents have KQ, KJ, QJ, 43, 42, and 32. Of the 34 possible remaining cards in the deck, only 2 make a winner for each individual opponent. That’s 16-1 against them. When it comes to the first player, let’s say the KQ, he has to put in $20 at $160. He’s only getting 8-to-1 on a 16-to-1 draw. Bad call. But now as each subsequent player also calls, when it gets around to the 32, he has to put in $20 at a $260 pot. He’s getting 13-to-1 on his 16-to-1 draw. His call is not nearly so bad as the KQ’s call! That’s schooling, but the schooling of the other players has now also turned the KQ’s call into not nearly so bad a call -- likewise for all the other players.But we don’t care about them, we care about our A9. If everybody had folded when we bet the turn, we get the $140. After 100 times, we’d be $14,000 ahead. But now what about when they all call? It turns out that A9 will end up winning about 65% of the time. So, after a hundred times, 65 times we get another $120 (six turn calls of $20 each), assuming nobody ever tries to bluff or calls a bet by us on the river. The 35% of the time we lose, we lose our $20 turn bet, plus any action on the river. Just to pick some numbers, I suggest we lose one bet on the river 50% of the time (when the river card is a king, queen or jack) and two bets the other 50% of the time (when the river card comes a four, three or deuce). So we lose an average of $30 on the river -- $50 total that 35% of the time the school draws out on us. What this works out to be is a decent extra profit per hand for the A9. The schooling helped our opponents, but it is still more profitable for us for them all to call -- to the tune of about $11.50 a hand. (65 wins of $260 = $16,900. 35 losses of $50 = $1750. Total profit = $15,150, or $1150 more than the $14,000. Also note that the 35 times we lose, we lose the $20 we invested in the pot to that point, or $700. However, that is not what we are analyzing here. We are looking at our situation on the turn. That $20 is already in the pot. It isn’t ours anymore. The before the flop action and flop calls by the other players have their own schooling ramifications.)

Now some people might prefer getting the $14,000 profit after 100 incidents of hands like this with everybody folding when our A9 bets the turn -- zero variance, win 100% of the time. It is about $1150 more profitable though for the A9 to live with the variance of having everybody calling. Most important, the fact that all these folks are calling/schooling is not a dramatically bad thing. A good player playing properly will do just fine against schooling opponents.But it’s not that simple. If we change the 43 and 42 to 77 and 66, now we are going to win only 59% of the time, with that other 6% (the difference between our 65% and 59%) of the wins going to the 32. The 32 now snares a bunch of the profit in the hand, to the point that we would prefer that everybody would fold, and we just take the $140 each time. However, the A9 is still making money from people playing poorly by calling the turn bet, it just so happens that sometimes the main beneficiary of schooling is the best draw out there (the 32), not the best hand. Sometimes the second best hand benefits the most (in this case the 32 goes from a losing hand to a profitable one when everybody else calls), it all depends on the actual hands and how good their draws are, and how strong the best/most-likely-to-win hand is.Schooling games give good players two main ways to win -- by either playing the best made hand or the best draw. There is more money to be made overall, but you have to make sure your game adapts to get the profit from both these ways.You beat a schooling game the same way you beat any other game -- play smart, appropriate poker.

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Tuesday, January 25, 2005

strip poker dealers

strip poker dealers

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