Casino & Poker – Episode 91

May 22nd, 2010

Ok. Are you ready. The knowledge I am about to impart could make you a fortune.

Casino Poker 1.

Whenever you can choose between skill-based casino games and luck based ones, you should be fully aware of the following things: all luck based casino games (like slots, roulette and keno) feature a built-in house edge that you won’t ever stand a chance to beat in the long-run. On the other hand however, these same games do not require you to possess any special skills, other than some simple and fairly straightforward basic strategy. On the whole, the situation is a trade-off between ease and accessibility on one side, and effectiveness on the other.

On the opposite end of the spectrum, skill based games like poker, baccarat and backgammon require countless hours of learning to master. Hitting the tables equipped only with basic strategy is about as futile as trying to tie a length of rope around a pile of sand. You’re going to have to do some serious research, studying, observing, not to mention trial and error. All of this hard work is supposed to pay its dividends when you eventually get around to winning. The good thing in this case is however, that in skilled based games, the casino won’t have any sort of an edge on you.

Poker, baccarat and blackjack are all about different human players going up against each-other with the house only being present on the level of the rake.

In conclusion, skill based games take a lot of effort on the part of the player to beat, yet they provide the best opportunity for winning, once a person masters them.

As I’ve said before, poker is one such skill based game. It is actually the most popular of the three named above. Not all casinos have it though, because of the costs of maintaining a large poker room and because of the relatively low income these poker rooms produce (in comparison with a same size room filled with slot machines) live poker is a privilege of the truly serious gambling establishments.

What exactly does it take to beat casino poker? Quite a few things… actually a lot more than I could ever cover in a single article or two for that matter, but here are a few basic principles:

There are three types of poker that you’ll find in casinos (actually there are quite a few more than that, but these three are the most popular of all) Texas Holdem, Omaha Hi-Lo and 7-Card Stud. Texas Holdem is by far the most popular of the three. Given the fact that Omaha and Stud are all about huge edges, rookies do not really stand a fighting chance against serious players in either of these two games. Skill is such a huge factor in both of them that they’re quite impossible for fish to beat. This is probably the reason why they lag so far behind Texas Holdem in popularity.

A community-card poker variant (just like Omaha) Texas Holdem doesn’t qualify as the world’s most popular poker genre for nothing. It features a much bigger short-term variance then Omaha, and thus luck is a far bigger factor in it, than in any other poker game. In layman terms, that pretty much means that rookies will have a chance to beat good Texas Holdem players in the short-term.

Beating this game in the long-term though, requires heck of a lot of knowledge and understanding of how it really works.
The Texas Holdem explosion in progress today in every online poker room, is something that turned this game into a much tougher to beat one than it has ever been before. The huge influx of rookies meant that the game got a whole new dimension to it, one that often ends up frustrating even the most skilled of players. Even though Holdem is recognized as a predominantly post-flop betting game, preflop action is getting to be an increasing factor. If you join an online poker room and sit down to a low-to-middle limit table, you’ll see what I’m talking about. Even though reducing the game to a preflop bingo-session might provide schooling rookies an edge over sharks in the short-run, it is by no means a reasonable way of generating money from playing this game.

For more specific information about gameplay and strategy-tips check my next article on casino poker – coming soon!.