Poker Online » Money Poker

Poker: the Colour of Poker Money

admin — Sun, 17 Jan 2010 18:44:54 +0000

“What’s that father?” a little boy once asked his father. “Can I play with them?”

The father replied, “No, son, it is not a toy! It is money, my boy!” The boy hurried off to play outside, though, wondering why his father considered those colorful chips as money.

Most children in America grew up with different kinds of colored chips. This colored chips represents money in the casinos. For example, a player who wants to play poker has to buy some chips to be used when betting. And because this is the kind of money that is being used during a game in the casino, particularly poker, others eventually call it poker money.

Poker money comes in various shades of blue, red, and other colors usually seen in the casinos.

In a particular poker game, a player’s poker money account is comprised of real cash and real chips. Normally, players could convert their cash to chips and vice versa. This can be done any time the player wants to do transactions except during a game.

Poker money arrives after a player settles down on a table and is ready to play poker. This poker money, in terms of chips, is being laid out in front of the concerned player.

However, before proceeding into playing poker, every player must make a deposit for his poker money.

In a live poker game where players get to play facing each other, the poker money are converted easily from cash to chips and vice versa on counters provided in the casino.

On the other hand, online poker games have different ways of managing poker money. Most of the online poker websites require their players to have their poker money accounts through deposits. Generally, these can be done into two categories. One category of depositing poker money is through direct methods wherein players use a credit card or draft in order to deposit money. The other category of depositing poker money is through a 3rd party services like NETeller or prepaid ATM which acts like Internet banks. Here, players can do transactions such as depositing poker money and transferring funds to online poker Web sites.

There are six deposit methods usually used when dealing with poker money by means of a 3rd party.

First of its kind is the Neteller. This method of depositing poker money is usually available on many Internet sites. Neteller offers players the choice of cashing out directly poker money into their account. Opening a Neteller account is like having an online wallet.

The other method you could consider is the MyCitadel wherein online poker players need not check their mails for drafts. MyCitadel is a payment system that manages US and Canadian customers mostly catering to poker money related matters. Here, poker players can have their poker money by purchasing chips online.

Then there is the FirePay, a Web based cash account. FirePay is great site wherein players with fund accounts from a United States bank can directly open a poker money account with them. Funds can be transferred directly from a U.S. bank account.

You also have the option in using a prepaid ATM. The difference with prepaid ATM is that players get to deposit their poker money to an ATM card and not just a Web site. When doing cash outs, it goes directly to your card. And the good thing about it is that the prepaid ATM works with most local ATM machines.

If you are not so convenient in using ATM, you could opt for credit cards. Poker money deposits can be easily managed without having a 3rd party. Or better yet, you could use the bank draft or check wherein your poker money deposits are better secured. Plus most Web sites offer 10% bonus when you deposit poker money through this method.

Last option would be the UseMyBank method wherein it also guarantees secured, fast, and easy transactions. Though, only those who have Canadian online bank accounts can be eligible.

And after you are through making poker money deposit, and maybe playing some hands of poker, there are online poker Web site that will give you a choice if you want to cash out your poker money at once or remove your funds at the site if in case you still want to come back and play. With the six deposit mode mentioned, you can be assured of having your poker money, whether chips or cash, remain exactly like you left them.

So, when the time comes you have finally decided to play poker online or in a live poker room in the casino, try to think of ways how to manage your poker money. After all, those chips are not just plain plastics. Poker money is exactly the reason why you have played poker in the first place.

By: Nicholas Tan

Types of Online Poker Bonus

admin — Mon, 04 Jan 2010 17:03:16 +0000

Online Poker Bonus is one alluring thing that attracts many gamblers to go online to play poker from the comfort of their home. All online poker rooms give poker bonuses to their players. The amount of bonus may vary from casino to casino. There are three kinds of online poker bonuses available at online casinos.

No Deposit Bonus - This online poker bonus does not need any money deposit. After signing up for an online Poker Room that offers a ‘No Deposit Bonus’ as per the instructions, the account gets credited with online poker bonus within just 72 hours. Well, it depends on room to room, some credit within 48 hours. The ‘No Deposit’ bonus can range from $3 up to $50. This kind of ‘Poker Bonus’ is great if a player is new to the poker scene. A new player can practice with real money without any risk of loosing money. However, the downside is that the player is not able to take part of the first deposit bonus if he makes a deposit and then plays with his own money. Poker Rooms do not allow any player to have more than one account at a time.

First Deposit Bonus – This online poker bonus is a bonus that is given by a Poker Room based on the size of the first deposit. Mostly the first deposit bonus is a 100% bonus with the first deposit that a player makes. For instance, if a poker room offers a 100% bonus on the first deposit for a deposit of $200 maximum, it means if a player deposits an amount of $200, an extra $200 will be given to him. But getting this online poker bonus in real is not that easy. Well, the bonus is surely awarded to the player after the first deposit, but it remains in his account and he cannot use the bonus until he meets certain requirements – that are better known as ‘Wagering Requirements’. Now, these requirements vary from room to room for poker. For instance, the “Tower Gaming” poker room offers a first deposit bonus with a very low wagering requirement; a player needs to generate only 5 player points for every $ as an online poker bonus. This means that it needs a sum of 1000 player points to be able to clear that $200 online poker bonus.

If a player plays a ‘Sit and Go’ tournament, then this online poker bonus equals to rake back of 100% as the player is awarded 5 player points for every dollar paid as tournament fee. Another one ‘PokerLoco’, offers a great opportunity to the players to get a 100% bonus on the first deposit for a max deposit of $250. The best part is that the online poker bonus can be cleared at 5 player points per bonus dollar.

Reload/Freeload Bonus – This kind of poker bonus is usually offered as an additional online poker bonus. This is also called a ‘freeload’ or ‘reload’ bonus. The main difference between these two online poker bonuses is that with a reload poker bonus, it needs an additional deposit to the account, while the ‘freeload’ poker bonus is credited automatically when a poker bonus code is entered on the site. The ‘FreeLoad’ bonus is offered every month at some Poker rooms. The ‘Freeload’ bonus is usually cleared at 10 player point per bonus dollar.

So, go ahead and grab some online poker bonuses and jump to the tables!

By: Big Bonus

Texas Holdem Poker Online – Winning Sit-N-Go Tournaments

admin — Fri, 11 Dec 2009 13:45:12 +0000

Where to play poker online, which online poker room to start at, and who gives the best online poker bonus for signing up are many questions online texas holdem players ask quite frequently. Let’s start off with where to play online. When starting online I HIGHLY recommend you start out playing Sit-N-Go’s to build your bankroll instead of jumping right into cash games and losing all your money in a few minutes. If you jump right in to cash games at the poker tables, you will find yourself losing lots and lots of money especially if your use to playing free texas holdem online games. With free money poker tables, players will not play serious and you will NEVER get a feel of how to play unless you play for real money. You should start with Sit-N-Go’s and NEVER look back. Sit-N-Go’s are basically a mini texas holdem poker tournament in which the top 3 players are paid a percentage of the prize pool. Here is the breakdown:

1st Place Win 50% of the prize pool

2nd Place Finish 30% of the prize pool

3rd Place Finish 20% of the prize pool

If you learn poker and study the game well, in about a month you will be mastering single table Sit-N-Go’s in no time and be earning a stable income even if you are just starting out. Now with that being said, which are the best poker sites to play Sit-N-Go’s on? Here are a few recommendations that I suggest:

1. Full Tilt Poker- Full Tilt Poker is a great site to play on when starting out. They offer a 100% deposit bonus for any new players that sign up. It offers all U.S. Citizens the chance to play online to and offer great withdrawal methods such as bank wire transfer. Within 4 days your money is into your account and no fee is associated to cashing out. Fulltilt Poker has great message boards that will teach you texas holdem hands to play and also will give you texas holdem tips. Best of all, Full Tilt Poker supports multi-tabling Sit-N-Go’s. You can play up to 6 Sit-N-Go’s at the same time! Once you master single table Sit-N-Go’s you can move onto multi-tabling. Once you master multi-tabling Sit-N-Go’s, that’s when the income starts flowing in!

2. PokerStars- PokerStars is a great site just starting out. They offer also a 100% deposit bonus for any new players that sign up. There has been many online poker reviews for Poker Stars and many players rank it as one of the top online poker sites out there. They also support U.S. citizens and have many great withdrawal and easy deposit methods. Whether you want to play a free online poker tournament or play for real money, PokerStars definitely one of the top online poker sites out there. There online poker software supports almost every single operating system and is user friendly.

Bottom line is, find the right online poker site that you feel comfortable on and stick to it. Build your bankroll by playing Sit-N-Go’s and eventually you will be able to quit your day job when you master how to earn a stable ROI and ITM (In The Money).

Money Poker Or Fun Poker

admin — Fri, 20 Nov 2009 03:37:56 +0000

Fun Poker

Fun poker can be defined as any poker played simply to pass the time and enjoy a bit of entertainment. The money brought to the table at a fun game should be assumed to be disposable. This is not to say that all players at the table are there for fun. It’s likely one will run into both fun and money players at any given table.

A fun player lacks any long-term view of their bankroll. For that reason they must assume they will lose all the money brought to the table. It doesn’t mean it will happen in one sitting but that long-term this player’s overall bankroll will be in continual decline. In other words there will be lots of ups and downs, but the net long term result will be that such a player is gradually (or maybe not so gradually!) losing money. With this in mind, the fun player must come to the table only with completely disposable money.

In this sense playing poker is no different than going to a restaurant or paying the entrance to a theme park. If you’re playing for fun you may have no money at the end of the evening, but you enjoyed yourself and in no way feel at a loss. If you’re not actively keeping track of your bankroll over time, you’re definitely playing for fun. It may not feel that way because it’s human nature to remember one’s wins much more vividly than one’s losses. That’s why maintaining objectivity with thorough record-keeping is so important to the true money player.

This is something that a money player needs to understand. The fun player will make what seem to be irrational decisions. Rather than focusing on long-term gain, such a player’s action may well veer towards making the current game more interesting. Such decisions are often hard to read. Irrational play is nonetheless a losing proposition over the long haul. Money players know this, and while they may lose on one night, they’ll make up for it on another.

LaGrange who plays every Friday for a $50 buy-in holds T♠ J♠ to a flop of Q♣ Q♠ 7♣. Harmon, with A♣ Q♦ checks to LaGrange who also checks. The turn comes 8♦. Harmon thinks LaGrange may be holding a queen and suspects a check would just be checked back. So Harmon puts in a pot size bet. LaGrange should be thinking, “These are terrible odds to make my straight draw”, but instead he is thinking, “Oh, it’d be so awesome to suck out and take this guy’s money!” LaGrange calls.

Another aspect of poker that players who play for fun under-emphasize is profiling the other players. Casual players may catch a good read every so often, but they likely aren’t doing the kind of profiling needed to truly understand how the others tick. Simple things like knowing the opponent types make a significant impact on one’s ability to extract money from the other players at the table. As play progresses to higher levels a deep understanding of other players will make the difference between success and failure.

Even with proper bankroll management, a good understanding of the game, rational decisions, and full profiling of other players it is a very difficult game with which to make money. For many fun players this just eliminates the fun aspect. A few dollars lost every other night is no problem for them: They may be emotional about it, but they go home afterwards without any worries.

Money Poker

Money players can be either professionals or hobbyists. The distinction is only that the professional makes a living playing poker whereas the hobbyist does it on the side for a bit of extra income. There are no significant changes in style of play between these two groups other than that, on average, the professionals simply having more experience.

Playing for money puts one in a position of stress. It is work and requires a dedicated effort to keep a positive trend in the account. First off, recognize that it’s only the trend that is positive. Values on a day-to-day basis will be up and down. A serious player will recognize how their game style influences this swing and will be able to adjust their style accordingly.

While a fun player may be volatile and openly emotional, a money player needs to keep control of their emotions. Vitally a serious player must prevent themselves from tilt: if one bad beat leads to further bad decisions the player knows it is time to take a break. Players on tilt are easy to exploit.

Probability is necessarily a component of playing poker well. Any player afraid of doing some work with numbers will find themselves at a disadvantage. While reads and instinct can make a player very good, there will inevitably be situations where a player simply needs to calculate some raw odds in order to make a decision.

Finally, poker is a game of patience. Fun players want action all the time and it will ultimately be their downfall. Since one has no influence over the cards themselves, a successful player will find themselves tossing a lot of hands waiting for just the right moment to make a move. Not being in a hand doesn’t mean not playing however: Sitting out gives an opportunity to watch the other players and learn from them. When a money player does get their hand, they’ll know what to expect from that table.

Rachel has been dealt junk for the past 20 hands, a terrible but not unlikely dry stretch. She’s tried to limp a few times for no other reason than not to appear too tight. Otherwise she’s been watching the action. Miguel has played almost every hand. Randy has almost always folded on the flop. Enrico has only played three times, but all three with steady calls to the showdown — where he lost. Nina has no obvious traits but has nearly doubled her stack! That leaves Omar and Archie, both with no action, no limps even; both comfortable with their tight image.

Decide

In the terms themselves is the key difference: money or fun. Money players are working and fun players are on a break having a good time. For many players the stress of poker being a job is simply too much. It’s crucial to know how seriously you want to take your poker playing. Without making this decision consciously, your personal finances can be put in grave danger. Deciding to play for fun is a totally acceptable decision and it doesn’t mean you can’t develop your skills in many aspects of the game. It just means you’re likely not going to make money consistently in a truly competitive environment. Regardless of whether you’ve chosen to treat poker as a job or whether you’re playing for enjoyment, there’s no doubt that you can always learn a few new tricks to increase your enjoyment and understanding of the game. A stale game is a money loser and simply not fun.

By: Bailey Trex

Texas Holdem Poker – Today

admin — Fri, 13 Nov 2009 15:38:27 +0000

The Texas Holdem poker phenomenon has taken the country by storm. There are reportedly over 100 million active poker players worldwide. Poker’s popularity is largely the byproduct of technology and several recent trends: 1) online gaming, where players engage and socialize in real-time over the Internet, and 2) the broad publicity created by high profile TV shows like the World Series of Poker (WSOP) and World Poker Tour (WPT).

With all the poker-mania, there’s a modern day “gold rush” underway today. Analyst estimates are a bit sketchy, but some estimate that people will spend up to $4.5 billion U.S. in 2005 on poker-related items of every kind, including:

* Online poker room play

* Poker tournaments

* Online poker room financial brokers (e.g., Firepay, NetTeller, Citadel and others)

* Casino poker rooms

* Game units for your TV

* Poker chip sets and dealer buttons (you can even get “collector” edition dealer buttons signed by the pros – got some as Christmas presents this year!)

* Poker tables and instructions for how to build poker tables

* Poker software (poker odds calculators, poker games, home tournament organizers, tournament director kits)

* Texas holdem poker rule and starting hand cards

* Poker schools and training courses

* Poker books and strategy e-books

* Poker hats, shirts and clothing items

* Local poker clubs

* Free Texas Holdem poker stuff of every kind imaginable.

To give you an idea of how many people are now playing with real-money online, have a look at PokerPulse.com. PokerPulse keeps tabs on the top online poker rooms and tracks how many real-money poker games are running at any point in time. Some estimates based upon these statistics suggest that online poker room companies are turning over in excess of $110 million U.S. every 24 hours, with hundreds of thousands of online players active any given evening.

So, with the worldwide inertia that poker has today, how far can it go? Will it be like the CB Radio – a brief flash in the pan and then suddenly – poof! Will it be just another fad and memory, with occasional reminders like Smokey and the Bandit? Hard to say for sure, but with the momentum, advertising and so many young people, including many teenagers and children playing across the Internet, it could be that the poker big bang has occured and its expansion has only really begun…

As with many new, controversial phenomenon such as poker, there’s the social morality aspect and question: Is playing poker gambling? Is it really just a game of skill? The question of whether online poker rooms are just as much about gambling as traditional casino games and online bookie operations is certainly one that is shaping some industries, and creating some others. Before we look for the answers to those questions, let’s explore what the actions of certain parties might lead us to believe.

For example, the traditional credit card processors (MC, VISA, AMEX, PayPal, and others) decided to discontinue use of their credit card services to fund player’s online poker accounts. Today, there’s a whole cottage industry that has sprung up to fill the enormous demand for transferring funds between bank accounts and online poker room accounts, processing untold millions of dollars each day.

Try advertising a poker-related item through Google’s AdWords or the Yahoo/MSN equivalent (Overture) and you’ll quickly find they have a category known as “Gambling URL” that’ll come into play. Any website that could be related to online poker rooms is considered a “gambling” site and advertising services are thereby refused. So, what happened as a result? Well, aside from these companies losing advertising revenues, it’s forced the poker industry into fierce competition for the poker-related search “namespaces”. Try searching for something using keywords like “Texas Holdem poker” and see what you find.

It’s amazing at how clogged up the search engine namespace has become, with every search engine optimization (SEO) technique and trick known to man being used by poker website owners in an attempt to gain visibility, page ranking and routing of more visitor traffic to their websites.

In my opinion, the answer to the question “Is playing poker gambling?” is – it depends. It depends on the player’s skill level. If you’re a highly-skilled player, then IMHO it’s not gambling – it’s playing a sophisticated game like chess, where you not only must defeat the opponents but you must also use strategy and play the odds in order to win.

You beat the odds by playing only certain starting hands from given positions at the table, adjusting your play based upon the game situation, understanding other players’ styles, and by developing a strategy for winning, throwing your weight (chip stack) around at the right times, and by sitting out at other times. No, it’s far from gambling for many of us. However, for those who don’t possess the requisite skills, it is gambling more often than it’s not, since skill is much less of a factor for such players. Since the basic rules are deceptively simple, people often have no idea why they’re beaten.

What makes it very different from traditional casino gambling games, though, is that you’re not playing against the house. The online poker room takes a “rake”, a percentage of the money that’s in play (e.g., 10% or so), which is how the online poker room generates revenues. It doesn’t really matter who wins or loses, since the poker operator always gets paid for hosting the game.

I’ll cover popular online poker rooms in a future article in more detail, but suffice it to say, there’s gold in them there hills and the claims have been staked by the market leaders, who are raking in fortunes providing their sophisticated online service businesses to millions of eager players worldwide.

Since these business aren’t allowed to operate within U.S. borders, they’re virtually unregulated (at least by U.S. standards) and new ones continue to pop up every month. Now I don’t want to make it sound like everyone who plays online is playing with real money – quite the contrary. There’s an enormous number of players who just use “play money” and have a real blast playing and socializing via the use of instant messaging and interactions through the online poker room site.

So, is the poker phenomenon a trend or just another fad that’s destined to take it’s place in our video library, beside Smokey and the Bandit and that CB radio wave that crested in the 1970’s? Hard to say for sure. One thing is for certain. A lot of people are having fun playing in online poker rooms, at traditional casinos and in their own home games – while an army of others are supplying that demand, and making a boatload of money in the process.

Until next time – Good Luck!

Rick

By: Rick Braddy

Poker The Best Place To Play Texas Holdem Poker Online

admin — Sat, 12 Sep 2009 03:37:00 +0000

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