The Basic Strategy of Texas Hold 'Em

By Clive Patterson

Texas Hold 'Em has clearly become one of the most popular online and offline poker games of all time. At the heart of this popularity is the ease of learning the game and the maintenance of difficulty for players who are skilled in the art of poker. Anyone and everyone can learn to play Texas Hold 'Em with a few basic strategies.

When learning to play Texas Hold 'Em it is important to learn the beginning rules before trying to learn any strategic plans. Learning strategies effectively will be based on the overall knowledge of the game.

Seeing the Flop. Only about 1 out of every 5 hands should result in a flop. The rest of the hands are generally not the right ones to play further into the rounds of Texas Hold 'Em poker. When a player holds on to the hand for too long, that means losing money. The professionals are consistent about ditching a hand that shows no promise before the flop.

See the other players up close. Depending on the skill level of the other players in the game, the site of a card that betters their hand may shown like neon lights in their eyes. Watching the other players as the cards are turned, will help you to better gauge how they react to cards when they have bettered the Texas Hold 'Em poker hands they are holding.

Know the opponent. If playing with the same Texas Hold 'Em poker players over and over again, it will become easier to judge their style of play over time. If playing in a tournament, note the actions of the players, how they react to certain bid amounts and how they react in high intensity situations. These tips will give you an inside eye when you play against the same players again.

No bluffs here. Bluffing is not a professional tactic and it should not be a novice Texas Hold 'Em poker tactic either. The bluff can be left for friendly games and games where money is not on the line. When it comes to messing with your own real money, bluffing is not an advisable practice.

Know when to fold. Folding can be a lifesaver if done at the precise time during a hand of Texas Hold 'Em. Getting too far into the betting game before finally deciding to fold will only cost you money. That is why many of the professionals fold before any cards are turned on the later rounds. An unsure hand does not play out to be a successful hand.

Learning to play Texas Hold 'Em poker is easy enough. Learning how to use a careful strategy to win and keep winning may take a little time and attention to detail. Texas Hold 'Em poker is a game that no one will ever be able to master so the higher your skill level, the better you will become and the more fun you can have playing Texas Hold 'Em both in a friendly and competitive setting. - 30229

About the Author:

Become a better texas holdem player by checking out our free resources and tips. Learn to improve your poker skills and employ the strategies that the pros use to keep winning more tournaments and pile up more cash.

Common Sports Betting Futures Mistakes To Avoid

By Ross Everett

Sports betting futures wagers can be an entertaining and profitable investment, but there are a number of pitfalls. These are some things to avoid:

Search for the best price: A common mistake is to assume that the price on a specific futures wager position will be the same at every sportsbook. Nothing could be further from the truth. In fact, you'll often see a greater degree of difference between futures prices from book to book than any other form of bet. This is because that books aren't as worried about what price other outfits are offering as they are about keeping their own financial position balanced.

Don't fixate on picking the winner from a competitive field: This may sound like strange advice, but from a theoretical standpoint it makes perfect sense. As with every other element of sport wagering its crucial to always focus not on winners and losers, but on the value you're getting on individual bets. For example, in most years there are several teams with a realistic shot of winning at the start of the NCAA basketball tournament. The problem is that these top teams invariably offer low paybacks that are less than their 'true odds' of winning. Every team is subject to the same variables like injuries, slumps, bad matchups but backing teams that are 'under the radar' at higher prices offer more compensation for these 'risks'.

To put this in more theoretical terms, the "true odds" of Duke winning the NCAA Championship are almost certainly higher than the price we're getting. Obviously, determining the "true odds", or actual probability of a future event is an inexact science but think of it this way: if the NCAA tournament was played 100 times would Duke wind up winning 50 of those? Given the number of other good teams and the propensity for upsets along the way, its doubtful. For the sake of argument, lets say that Duke has a 33% chance to win the tournament. That means that I wouldn't consider a bet on Duke to be a good value unless I was getting a price that a) accurately reflected the true probability of their winning and b) gave me some compensation for assuming the "risk of the unknown" inherent in taking the position so far in advance. At +500 I might be interested, but at +200 the value just isn't there.

Note that the more competitive the market, the more difficult it is to find good value on the favorites. Since you can make a case for quite a few teams to win the NCAA tournament at this point this particular futures market is clearly a very competitive one. In a less competitive marketplace it might be possible to "pick the winner" and have it be a good value though you will pay a price for this. Here's a (thankfully) hypothetical example: let's say the UFC decided to hold a one night round robin tournament with 5 competitors. Competitor #1 would be heavyweight champion Brock Lesnar. The other four competitors would be professional figure skaters Elvis Stojko, Rudy Gallindo, Brian Boitano and Evgeni Plushinko. Even if he didn't bring his "A game", Lesnar would be essentially have a 100% certainty of beating the four untrained fighters, who also happen to be rather effeminate. If a sportsbook installed Lesnar as a -1000 favorite a bet on the 63 265 pound takedown would still be theoretically a good value. It's always difficult to risk so much to win a little, but from a strictly theoretical standpoint its a good play.

Don't get seduced by big underdogs: Sports betting is not a place to make the "big killing". It may happen occasionally, but more often it doesn't. While a sports book might offer a huge price on a cellar dwelling team to win the World Series, the big payback does not mean its a good value. On a practical level, there's probably nothing wrong with throwing a few bucks on a wager like this with a huge payback if the impossible occurs. My only problem with this is that making too many bets like this just perpetuates bad sports betting habits. If you're strictly a recreational player, no big deal. If you aspire to bet professionally, or at least want to pursue it with some degree of seriousness I've always maintained that you need to develop discipline that's not situational. In other words, if you want to be a serious sports bettor you need to approach it with a consistent level of seriousness at all times. If you want to chase a huge, life altering jackpot go to Las Vegas and play the Megabucks slots or buy a Powerball ticket.

Simply stated, the concept of value works the same at the bottom of the wagering ladder as it does at the top. Even if you're betting a big underdog at a huge price make sure that it accurately reflects the 'true odds' of the event occurring.

Don't bet one-sided futures or propositions: Though many of these are not futures per se, a lot of sportsbooks offer silly propositions on nonsport events as a way to get publicity, or just to be funny. Its important to make a distinction between this type of silly bet and more realistic nonsport propositions which frequently present good wagering value. Im talking the really outlandish stuff here. Not too long ago, a sportsbook posted a line on Martians landing on earth and painting the White House red by the end of the year. The "YES" was +2500 or thereabouts, which is far from reflective of the "true odds" of this unlikely event. Even if you're the type that collects classic Art Bell shows on tape and believes in UFOs you wouldn't place the probability of this happening at more than a fraction of a percent. The book only offered the "YES" side of the proposition, meaning that you couldn't lay even a huge price on the more likely outcome. Another book had a futures offering for what would happen first with Ashton Kutcher, Demi Moore and Bruce Willis. All of the options were very unlikely--Ashton and Bruce fighting on PPV and my favorite--and the longest odds--Ashton, Bruce and Demi hopping in bed together and releasing a porno video documenting the event. You'd receive a sizable payback if any of the events ever transpired, but I'm not exactly sure how to compute the "true odds" on "when pigs fly. - 30229

About the Author:

Ross Everett is a widely published writer and a noted authority on sports betting and NFL point spreads. He is a frequent sports radio guest where he gives advice on how to successfully bet on football. He lives in Las Vegas with three dogs and a lynx.

The Basics Of Betting On Sports Futures

By Ross Everett

Serious sports bettors often dismiss futures wagers as sucker bets targeted at 'squares' looking for a big payoff. For example, a typical futures 'sucker bet' would be something like betting that Harvard will win the NCAA basketball tournament at 500/1 odds. Sure, the potential payback is huge but here's the problem--the "true odds" of Harvard winning the NCAA hoops tournament are astronomical, and certainly well in excess of 500/1. That means that from the outset this bet represents a poor wagering value.

Of more practical concern to the serious sports bettor is the necessity of tying up a portion of your wagering bankroll for a long period of time. Additionally, once you've placed a futures bet the outcome is still subject to the typical areas of concern for sports handicappers--injuries, trades, coaching changes, etc. It's hard enough to stay on top of these variables on a day-to-day basis, and predicting them over the full season is downright impossible.

So futures plays have no relevance to a serious approach to sports handicapping? Not necessarily. It's crucial to think of the sports betting discipline in terms of value. Used properly, futures wagers are frequently a good way of maximizing line value and finding overlay situations. Here are some ways in which future wagers can be successfully leveraged.

Futures can present an opportunity to 'earn' a greater value on certain bets. For example, it has become common for sports books to take action on entertainment events like the Academy Awards. By paying close attention to Hollywood gossip and entertainment news, a bettor can actually have a better take on these outcomes than the bookmaker.

Some books even take bets on the major awards like 'Best Picture' and 'Best Director' before the nominations are actually announced. In this situation, a bettor who can read the 'buzz' on which films will be nominated can find substantially better values before the nominations are announced.

The nature of the film industry makes using a future wager in this manner very attractive. The release schedule of films is established in advance and is publicly known. The cut off date for award consideration is the end of the calendar year, so nothing can pop up and become a surprise after that. Of the hundreds of films that are released each year only a handful are legit Oscar contenders and with some work its easy to narrow those down further. After that its just a matter of finding the value.

It's also possible to leverage value in the 'stick and ball' sports with future wagers. There are obviously more variables in sports than in the entertainment industry and the top teams are never going to be found 'under the radar'. For example, you can already bet that the Patriots will win the 2010 Superbowl but you'll be hard pressed to find a value price on such a popular team with the general public.

To use future bets effectively in this manner, you need to dig a little deeper. For example, before the NHL All Star break you could have bet on the Carolina Hurricanes to win the 2009 Stanley Cup at prices as high as 25/1 or 30/1. Now, they're in the Eastern Conference Finals and priced as low as 5/1.

This play wasnt based on any sort of certainty that this team would win the Stanley Cup, but rather on the value they presented. In other words, the true odds of this dark horse Cup win is more in the range of the current price so the 40/1 is a clear overlay. Once the playoffs begin, this sort of positional play offers a lot of options to hedge and to lock in a profit.

Dont forget the field. Many bettors dismiss plays on the field in a futures wager out of hand, thinking that the wager represents all of the entrants not good enough to justify an individual price. If you pay attention, however, you can frequently use a field wager to your advantage. Shortly after Dale Earnhardts tragic death at the 2001 Daytona 500 I found a sportsbook that was offering a field wager on the NASCAR rookie of the year award at 15/1. Richard Childress Racing hadnt officially announced Harvick as the fulltime replacement for Earnhardt, but the word on the streets strongly suggested that would be the case. I knew that Harvick was a talented young driver (he was the 2000 Busch Series rookie of the year), but the unique situation with a rookie driving for one of the best financed and most experienced teams in the sport was too good to pass up. I made the bet on Harvick at just the right time, since after he was announced as the replacement for Earnhardt the line dropped to 5/1. After he won his first race (in his third race) the line dropped to 2/1 and by mid season the field was a -250 chalk.

This is obviously a best case example, but there have been similar circumstances that were still good value plays but didnt work out perfectly like the Harvick situation. Several years ago it wasnt uncommon to find a field bet on NASCAR road races that allowed you to bet several of the road course specialists like Ron Fellows, Boris Said and Scott Pruett with one bet. You wont be able to take advantage of the field bet often, but if you keep your eyes open and think out of the box it can be very profitable when it does occur.

Don't forget to shop around for the best wagering value. This is true with any sports bet, but particularly so with futures wagers as the prices you find will vary much more than a typical pointspread. A little bit of effort can easily reveal a more advantageous price, meaning greater line value. - 30229

About the Author:

Ross Everett is a freelance writer and a noted authority on sports betting and NFL football betting lines. He is a frequent sports radio guest where he gives advice on how to successfully bet on NFL. He lives in Las Vegas with three dogs and a lynx.

The Basics Of Horse Race Handicapping

By Ross Everett

One of the reasons that the popularity of sports gambling has skyrocketed in recent years is its accessibility. It's easy to bet on most major sports because everyone understands the basics, which teams are good and why they win. Horse handicapping, on the other hand, is a completely different and somewhat arcane discipline. Where there are some shared concepts, success at sports betting doesn't guarantee the same playing the ponies. Legendary sports handicapper Jimmy 'The Greek' Snyder was famous for killing the books with his sports plays--and giving it all back with his inept horse bets.

Below are some very basic concepts that you need to know to enjoy a day at the horse track. This information doesn't even scratch the surface of what you'll need to know if your goal is to become a serious horse betting devotee. If that is the case, you're best advised to check out one of the many theoretical books devoted to the subject.

Reading in Fundamental: The first thing you should do when you arrive at the horse track is to purchase a track program and a copy of the Daily Racing Form. The Daily Racing Form (or DRF for short) is the Wall Street Journal of the horse handicapping set. The track program will offer much of the same information about the specific track, but is frequently in a more user friendly format than the often arcane DRF. The basic stats you'll find in these publications are the names of the horses, jockeys and trainers, the morning line odds, and the types of bets available for each race. You'll also have past performance charts, which are the bread and butter of serious horse handicappers. These charts reveal a lot about a horse and what theyve done on the racetrack, including its record, where it ran, the quality of competition it ran against, and what position the horse was in at various points in the race. Most tracks have customer service types that are helpful in clearing up anything you dont understand. While asking the personnel in a sports book who they like isn't a wise idea, its OK at the track for a reason well now discuss"you're not playing against them.

You're not playing against the house: One thing to keep in mind when playing the horses that is drastically different from sports betting is that you're not playing against 'the house', you're playing against other betters. The track just accepts and pays bets, taking out a cut (called the 'takeout') for their services. The track odds are determined by the money bet on each horse. Long odds on a horse doesn't necessarily indicate a 'bad horse' but just one that for whatever reason isn't attracting bettor interest.

So where do the odds in the newspaper or program come from? The so-called morning odds are basically educated guesses as to where the wagering will go. Its roughly analogous to overnight lines in sports gambling. They can be helpful as a guideline, but may or may not be indicative as to how the actual wagering will go.

Horse handicapping basics: This is where horse racing gets complex--there are countless theories about how to handicap a horse race. Some handicappers consider the breeding lineage of the horse, while others are more concerned with past performance. Still others put more weight on the training a horse has received, or its workout performance.

Once a bettor reaches a conclusion about what he thinks will happen in a given race, it is still subject to the odds that are available when betting. This is similar to sports gambling, where an underdog may be more attractive due to an excessively high payback potential than he would ordinary, or, conversely, a clear favorite becomes an unattractive wagering proposition due to a prohibitively high price. Its all a matter of the math"if I could speak to the teenagers of America, Id try to impress upon them the importance of doing well in math for no other reason than its importance in all forms of gambling.

Horses and Trainers: Some handicappers place a great deal of importance on the horses breeding lineage"the quality of his parents and grandparents "as an indication to his performance potential. This may be particularly important early in a horses career, but after a half dozen or so races what hes done on the track becomes more important than his pedigree. Trainers, like Bob Baffertt, can also be an important consideration much in the same way that coaching can play an important role in sports wagering.

Jockeys: Jockeys are independent agents, and thus to make the most money they need to win the most races. The more a jockey wins, the better 'rides' he gets and the more money he makes. Surprisingly, many serious horse players put minimal importance on the jockey. It's essentially a case where even the best jockey can't win with a bad horse. In other words, if a jockey is seen as 'competent' there are many other more significant factors for the handicapper to consider.

Find your own style, and maintain discipline: Basically, there's not a 'right' or 'wrong' way to handicap a horse race. Figure out what works for you, and develop and refine your own methodology. As in any form of gambling, don't bet more than you can afford to lose and in particular when you're starting out there's no reason to be making big wagers. If you want to learn more, there's a number of good internet resources including the Daily Racing Form website. - 30229

About the Author:

Ross Everett is a staff handicapper for Sports-1 and an authority on horse race and NFL football betting . He's a published expert on sports handicapping and stock investing theory. He contributes to a number of online media outlets providing insight on how to bet on NFL football, MMA and boxing.

The Strange Life Of Poker Legend Stu Ungar

By Ross Everett

Stu Ungar didn't have much going for him in most areas of life. In fact, it could very well be argued that he was downright inept in most areas of existence. He also had a self destructive streak that manifest itself in heavy drug use and other behaviors. Ungar, however, had one great gift--he was a prodigy with a deck of cards. He would become one of the first superstars of poker before it became a fixture on ESPN, but wouldn't live to enjoy the 'boom'. Ungar would eventually be done in by his baser elements, and would be found dead in a Las Vegas hotel room in November, 1988.

Ungar's skills at the poker table were like Mozart's at the piano. While countless volumes of poker strategy and theory have been written, Ungar's understanding of the game was downright instinctive. Ungar's greatest achievement was his three World Series of Poker victories, but he won millions in informal games and profitable card room sessions. The amazing thing about Ungar's sheer mastery of Texas Hold'em was the fact that it was the third card game he had mastered. Ungar first came to Las Vegas as a gin rummy prodigy; he had beaten all of the good players on the East Coast and moved to the desert mecca in search of new opportunities. He had soon run the table of Nevada's gin players, and then turned to blackjack out of necessity. He was quickly barred as a card counter at a number of Southern Nevada casinos. Needing a new vocation, he took up poker.

The cruel irony of Ungar's life, however, was that masterful as he was at the poker table he was equally as inept at life beyond the casino walls. He was addicted to drugs for most of his life, and gambled away millions betting on sports and golf (a game he played despite being horrible at it). After his WSOP win in 1997, he was nearly broke and wasted away from drug use by the time the 1998 tournament rolled around. Vegas casino owner Bob Stupak bankrolled him, but as the games began Ungar cowered in his darkened hotel suite at Binion's unable to pull himself together enough to play.

Other stories of Ungar's troubled life away from the poker tables evoke the same theme: buying a new Mercedes with cash after a WSOP victory and driving it until it fell apart from lack of maintenance; signing mortgage papers as he played in the Dunes poker room; losing 1.5 million dollars betting on sports or golf in the course of a weekend on more than one occasion.

Ungar's death came as something of a shock as he'd shown signs of cleaning up his act. Longtime friend Bob Stupak and helped pay off his debts and staked him in the major poker tournaments. Ungar was found dead two days after the two had drawn up a formal contract. Ungar also left behind an ex-wife and a teenage daughter, who still live in Las Vegas. Though the official cause of death was listed as a 'heart attack', there were a mixture of drugs found in his system including cocaine and methadone.

Many of the famous gamblers of Las Vegas legend such as Puggy Person and Doyle Brunson have been tough, larger than life individuals with a healthier than normal dose of self-preservation skills. In this respect, Ungar was an anomaly among gambling greats-he was physically frail and almost completely helpless away from the poker table. At the table, however, he became an almost unbeatable adversary. His story is certainly not one that the modern day, publicity conscious Las Vegas will celebrate. He will be remembered, however, as part of the tradition that gives the city its unique character. From the mobsters that pioneered the city, to the Rat Pack that civilized it, to the corporations that cleaned it up, characters like Stu Ungar have provided Las Vegas with its unique character. - 30229

About the Author:

Ross Everett is a Las Vegas and hospitality industry historian as well as an expert on college football betting. He has served as a customer relations consultant for many restaurants, casinos and other hospitality firms. In addition, he's a noted fight sport journalist, and writes extensively on strategies to successfully bet on college football, MMA and boxing.

Discipline Is The Key To Sports Betting Profits

By Ross Everett

Books on other 'winnable' gambling pursuits like horse racing and poker are good resources of theoretical information for the sports gambler. While for some reason there hasn't been much written specific to the sports handicapper that deals with the discipline from a serious theoretical level, there are countless books devoted to a thoughtful discussion of horse racing and poker.

Poker literature is especially applicable to the sports handicapper because both can be very profitable for a knowledgeable, experienced and skillful pro. Poker expert Bob Caro has noted that while there are a number of professional gamblers specializing in poker and sports wagering there's not a single person who can honestly say they play roulette for a living.

The reason for that is that the house advantage in roulette is too high to overcome by any combination of skill, money management, strategy or discipline. To throw in another Caro concept, its a case where the decisions made by the roulette player simply don't have a role in overcoming the house advantage. Over the long haul whether you choose red or black, even or odd the house edge remains the same.

Caro argues that one of the poker players most valuable weapons is discipline at the table. The reason for this is that the average person goes into a casino for precisely the opposite reason"he wants to have some downtime away from the discipline and order that circumscribes the rest of his life. He wants to down a few cocktails, leer at some cocktail waitresses, and throw some money around for awhile. Hes not worried about theoretical return on investment, pot odds or other concepts of serious play. Casinos exist for the sole reason of providing him all of the escapism he wants while they slowly use their house advantage to make a profit off of him. Granted, poker operates differently in terms of the house advantage but the motivation that drives the recreational gambler to the poker table is no different than that which drives him to the slot machines or blackjack layout.

Caro's emphasis on discipline in poker is also true for the serious sports gambler. The foundation of a professional sports bettor's long term success is to approach it with the same discipline, rigor and professionalism that he would any other job. If you continue to think about it in the same terms as the recreational gambler does, you're in for a difficult road. The more seriousness that you bring to your sports betting, the higher the likelihood that you'll be successful.

There's nothing wrong with being a recreational sports gambler, or a recreational gambler of any sort. They're vital to those of us who do this for a living since they're what keeps casinos and sportsbooks in business. Ultimately, the best handicapping is pointless without a sportsbook to take the action.

If you want to bet recreationally, thats fine and unless you have the dedication and discipline to do it right its probably better for most people. You might be able to win more often and lose less frequently with some enhanced discipline. Ultimately, however, as a recreational gambler the only discipline you really need to know is the same as for other casino games or any hobby"just dont bet more than you can afford to lose. After that, youre on your own. - 30229

About the Author:

Ross Everett is a noted freelance writer and a staff handicapper for Sports-1 sportsbook, where he consults on opening NFL lines. He's a highly regarded authority on NFL betting in addition to college football, college football and boxing. He lives in Las Vegas, Nevada with his two rottweilers and a pony.

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