Play Poker Online

Whether you know how to play poker already or are just interested in learning, you should try online poker! Many people today like to play poker online for fun and enjoyment. You never know whom you will meet in an online poker room. Some sites even have poker professionals who play poker online from time to time.

To play poker online, you will need to create an account at a poker web site. This does not involve depositing any money into the site – almost all sites offer free registration. You will get an amount of free chips with which to play poker online. Usually, it is 1,000 chips. If you run out of chips, you can renew them after a certain period of time – 10 minutes or so. You can choose low limit rooms or high limit rooms to play in.

There are many different type of poker you can play online. When you play poker online, you can often choose from No Limit Texas Hold’em, Limit Texas Hold’em, Omaha, Pot Limit Omaha, Omaha Hi Lo, 7 Card Stud, Stud Hi Lo Razz, and HORSE. If you are not sure how to play poker, most of the sites offer tutorials that will teach you the basics of the game. You can even watch other people play to help you learn the game before you start to play poker online. If you have a question about a particular hand and how you played it, check to see if the poker web site has a forum where you can post questions for other players.

How to Use the Bankroll Formula and Standard Deviation in Poker Forecasting

Forecast based on actual past performance

If we use a WR of 4bb/100, SD of 70 and 370K hands (120K played and 250K in the next year) the expected range of win rates based on past performance and required Bankroll can be forecast. We know the SD should fall as a player become more consistent, so this is a worst case scenario.

SD = 70
3SD = 210
Hands = 120,000 (370,000)
Hands/100 = 1200 (3700)
SQRT (Hands/100) = 34.6 (60.8)
3SD/SQRT (Hands/100) = 210/34.6 = 6.06 bb/100 (210/60.8 = 3.45 bb/100)
Range = 2 x 6.06 = 12.12 bb/100 (2 x 3.45 = 6.90 bb/100)

Therefore the expected range of future performance based on 120,000 hands, a WR of 4bb/100 and a SD of 70 is equal to -2.06/100 to 10.06bb/100 (4bb/100 +/- 6.06bb/100).

If we go through the same process using the figures in brackets for the end of the 250,000 hands (370,000 in total played) over the next 12 months, assuming the same WR and SD, the figures work out at a range of 6.90 bb/100 or 0.45bb/100 to 7.45bb/100 around a mean WR of 4bb/100.

Bankroll Formula

The SD can be used in the Bankroll Formula to find the required amount of Bankroll needed to achieve long-term success without going bust.

There are a number of different comfort levels of risk. A comfort level of 3 is normal, 4 is very safe and 2 is where you accept more risk, so we will use a CL of 3 in this example.

BR = Comfort Level x SD^2 / Win Rate

BR = 3 x (70*70)/4

BR = 3 x 4900 / 4

BR = 3675 bb

BR = $918 or 37 buyins at NL25

The current WR and high SD is suggesting 37 buyins as a safe Bankroll to use.

However if the player intends to improve skills and reduce the SD to 50, the BR falls to $469 or 19 buyins, $375 (15 buyins) with a 5bb/100 WR and $312 (13 buyins) for a 6bb/WR.

If you wish to accept more risk and use a CL of 2, the BR figures are $612 (25 buyins), $312 (13 buyins), $250 (10 buyins) and $208 (9 buyins) respectively.

It is a useful exercise to do on a regular basis to make sure you have sufficient bankroll and performance is improving.

How Live Casinos Provide Online Poker Tournaments

The role of online poker tournaments. It is nearly impossible for a live casino to survive the market without some sort of tournament. These tournaments attract individuals that are looking for a quick profit. They might also attract experienced players that need to validate some of the skills that have been acquired. It is important to ensure that the level of competition does not remove the qualitative elements of the game. Experienced players are not happy to participate in games which do not challenge their skill levels.

Instead they will be looking for games that improve the way that they compete on different forums. That is why many establishments are happy to publicize the fact if they have other specialists participating in the tournaments. The events can also be important in maintaining customer loyalty. This is a very competitive industry and therefore the online poker tournaments might be the best way of ensuring that visits return from time to time. They are looking at different ways of playing the game as well as entertainment.

The crowd atmosphere within the tournaments is absolutely electric and will contribute to improving your visitor figures. A quiet casino is never a good sign. You need the vibrancy of players to attract other potential participants. You also need to make efforts to ensure that the games are regulated according to the agreed rules. This is not a forum where you are allowed to mess up things on a long term basis.

The tournaments are normally organized around the preferred calendar that is indicated by the patrons of that establishment. The schedules will be announced in advance so that the participants know when they are required to commence the participation process. It is very difficult to organize these events without a clear strategy on how they are going to be managed on a long term basis. The clients tend to expect tournaments as part of the package and will react badly if this privilege is removed without adequate notice. These considerations have been important in all casino outlets.

The future of tournaments in the online arena. It seems that everyone is going online. Any business that fails to maintain an online presence will soon lose its market share. The casino industry is no exception. In fact there are instances where they are far more competitive than the other sectors combined. It is important to find the right balance in the way that these issues are handled. It will help to promote the business and will improve the communication tools that are on hand at the time. Likewise it will give a good platform for improving services in general terms. Businesses can then concentrate on working with the customer care element of their provision.

Choosing a Poker Training Site

Online poker training sites have exploded over the last few years. What was once a cottage industry featuring a few small sites with a handful of videos has expanded into a highly competitive arena, with dozens of sites battling it out for subscribers. With so many sites to choose from, the process can be overwhelming, especially for newer players. To help simplify things, here’s a simple list of questions you’ll want to ask yourself when comparing training sites. Taking just a few minutes to answer these questions can result in not only saving hundreds of dollars, but also in ensuring that you get the most out of your investment when you do subscribe to a site.

Do I Need a Training Site?

If you’re reading this article, you probably think you have the answer to this question already. Put that aside for a second and consider a few things first: Have you viewed the hundreds of free strategy videos that are available on sites like YouTube, PokerTube, PokerListings and PartTimePoker? Have you considered joining a poker forum and getting direct feedback on your game from other players by participating in strategy discussions? Have you taken the time to analyze your game and identify your strengths and weaknesses? All of the above are absolutely free alternatives to a costly training site subscription, and are valuable avenues for players to explore.

All too often newer players think of training sites as an ‘easy fix’ for their game – sign up, watch some videos, and viola, leaks plugged. In reality, there is no easy fix for your game. Training sites are a valuable resource, but if they’re the resource you’re turning to first, you might want to pause and explore some other resources like those mentioned above before proceeding.

How Much Does It Cost?

This question might seem a little obvious, but determining how much a subscription to a training site actually costs can be a tricky task. Some sites have low monthly fees but charge you an initial sign up fee. Some sites offer discounts if you participate in a promotion they’re running or if you earn rakeback through their site. Other sites, like Cardrunners, offer free poker training if you play a certain amount of hands at an online poker site. Be sure to read the fine print and carefully compare offers, as training site memberships can cost upwards of $1000 a year. There’s no need to pay a cent more than you have to, as that’s money coming out of your bottom line.

What Game and Limits Am I Focused On?

Not all training sites are the same – some are focused just on cash play, some on MTT play, and some on SNGs. Some sites focus exclusively on lower stakes, while others are geared toward mid and higher stakes play. It’s important that you clearly identify the type of game and the limits you’re looking to focus on before choosing a site. Once you know your game and limits, read reviews of poker training sites (and the archives of the sites themselves, if you can) to get a better idea of what the primary focus of the site is. There’s nothing worse than plunking down some cash for a training site, starting to watch some videos and then realizing that the videos you’re watching have little or nothing to do with the games that you play on a regular basis.

What Extras Does the Site Offer?

Not all training sites are created equal. While all of them offer various types of videos, some sites (especially the larger ones) offer additional perks and tools to help you with your game. PokerXFactor offers an excellent hand replayer that gives you insights into your play you might not get otherwise. Cardrunners offers a wide array of promotions that add value for their users. Dig around in the site and get a feel for what they offer above and beyond just the videos, and evaluate whether or not those extras add value for you.

What Do Others Say About the Site?

Do a quick search on the site you’re considering subscribing to on Google. What are other players saying about the site? Sign up at a poker forum like 2+2 and ask other players for their experiences – they’ll be happy to share. Fellow poker players – especially those who play games and limits similar to yours – are the best resource you can have for evaluating the quality (and therefore, the value) of a poker training site subscription

Training sites are a valuable addition the arsenal of any poker player, but they are an addition that shouldn’t be made haphazardly. Hopefully this guide has given you a few questions to ask before you sign up – questions that will help you choose not just the best training site, but the best training site for you.