Transcript: Players dealt complete hand and may replace cards to improve hands. Example: 5-card draw Texas Hold'Em Four Of A Kind? One Pair? Royal Flush? History and Fun Facts 70 million Americans play poker regularly Stud Poker Full House? Two Pair? Nixon financed his 1946 campaign using poker earnings About 40 million people visit Las Vegas every year to play poker; only 2% (800,000) earn more than they came with Players are dealt incomplete hands; hands are completed using shared face-up cards. Examples: Omaha Hold-Em and Texas Hold'Em Early 19th century, New Orleans Ancestors include: German game "Pochen"/"Pochspiel" (15th century) "Pochen" = to knock/hit/strike French games "poque" (15th century) and "bouillotte" (late 18th century) Three Of A Kind? Image by Tom Mooring Variants of Poker Straight Flush? Flush? Amount spent by the average American on online poker: $775/month Major poker events: World Poker Tour and World Series of Poker WSOP earning record: $21,102,878 (Antonio Esfandiari) WPT earning record: $3,970,415 (Carlos Mortensen) Poker Draw Poker Early versions: 20-card deck (A-K-Q-J-10) amongst 4 players No draw Bets within small range of combinations: one pair, two pair, triplets, "full" and four-of-a-kind Mid 1830s: 52-card deck High Card? Strategy and Maths Community Card Poker Players dealt face-up and face-down cards in multiple betting rounds Examples: 5-card stud and 7-card stud Fundamental Theorem of Poker "Every time you play your hand the way you would if you could see your opponents' cards, you gain, and every time your opponents play their cards differently from the way they would play them if they could see your cards, you gain" David Sklansky Straight?
Transcript: Selena Gomez cool mustaches Bridget Mendler By Georgia and Bianca Kelly Burgland CUTE Cool Backgrounds ANIMALS celebrities Thanks for watching sport cars Kids T.V Shows Dogs Dressed up
Transcript: Poker • Deck of cards • Poker chips or money • 2-10 players • Table to play on • Dealer button • Small blind button • Big blind button •1 player is the dealer. •Player to the left of the dealer posts the small blind and the player to the left of the small blind posts the big blind. •Once the blinds are collected, some games collect antes. These are a small amount, usually ¼ of the small blind. Fortunately antes are not common in low stakes or home games. •Every player is dealt 2 cards face down. •After the dealing is done the first round of betting starts with the player to the left of the big blind. Their options in this situation are fold, call, or raise. •The dealer then burns one card and places 3 cards face up. •Another betting round starts this time from the left of the dealer. • The next step is for the dealer to burn another card and flip a single card this card is called the turn. • Another betting round the same as the last betting round • Once that betting round is finished the dealer burns a final card and flips another single card face up called the river. • The last betting round occurs. • At any point, if only one player remains that player wins the money in the middle and you repeat until a time limit is reached or one player is left with all the money. The only thing that changes is the dealer switches to the next player on the left of the previous dealer. The world series of poker started in 1970. It was 2 weeks long and offered 10 tournaments of other poker games including no limit hold’em. Today it has 58 events and runs from May 31st to July 7th. This year the main event had 6895 entrants and featured a prize pool of $64,531,000 with $8,711,956 going to the winner. Presentation by: Lars Onrust What you will need: WSOP Information: what you need to play poker poker hands rankings how to play poker WSOP information My own experience My experience Contents Continuation... How to play poker:
Transcript: Resident Memorial Service Today's workforce OVERVIEW OF ADEA Fact: Over half of U.S. workers are now over 40 Years old !
Transcript: Questions? What makes me play the game? Q What is poker? What makes you play the game? Other card games i enjoy Q&A Bet/Raise,Check,Fold Blackjack Hearthstone Yu-Gi-OH! UNO Strategy Fun Rewarding Introduction K Last card REPEAT What is Poker? Round 2 | Deal 1 A "The River" Other card games i enjoy "The Pot" Options during a game: Bet = investing Call = agreement Check = free action Raise = higher bet All-in = risking it all Fold = forfeit until next hand Round 1 | Deal 1 Pay blinds Round 4 | Deal 1 Bet/Raise,Check,Fold New card 10-2 Poker is a game which people play with a normal set (or deck) of 52 cards. Bet/Raise,Check,Fold English Presentation: POKER Binjamin Karamat RV1B Round 3 | Deal 1 3 cards Flop J Bet/Raise,Check,Fold
Transcript: A Losing Hand: 2003: Chris Moneymaker wins WSOP Texas Hold'Em: explosion of popularity Gambling: historically regulated by states Wire Act Travel Act Illegal Gambling Business Act But most online poker websites are located offshore The Unlawful Internet Gambling Enforcement Act (UIGEA) 31 USC §§5361-5366 "Unlawful Internet gambling" Skill v. Chance Prohibits accepting bets but not making them Industry self-regulation Governmental regulation Federal Government Regulation Benefits: Eliminate inconsistencies from state laws Will allow all states to benefit equally Likely to gain support from legislators because: Revenue sharing is a financial benefit Narrow definition of what is legalized means more likely support from legislators who would otherwise be morally opposed to gambling in general Streamlined regulation, licensing, monitoring, and enforcement by one agency Federal Income Tax Code & Federal Excise Wagering Tax Licensing/user fees from OOPO % of taxes share between federal government and the states All states automatically opted-in Opt-out provision only as a "last resort" Specific action: vote by legislature and/or consent of the governor Credit card money transferer online poker account Office of Online Poker Oversight: rulemaking power Licensing Program Charge user/licensing fees Inspection/monitoring Can bring enforcement actions Draw games Stud games Community card games Congressional Response 3. State Opt-Out Provisions Texas Hold'Em Tournaments Player-to-Player Cap on buy-ins Options for legalizing: 1. Narrowly-tailored language Cash games Tournament style Limiting state control is OK because of the Dormant Commerce Clause Intro: The rise of online poker Congressional response: the UIGEA Problems: Ineffectiveness of the legislation The Solution: Legalize online poker and establish governmental regulation The Effect: Efficient regulation, consumer protection, and significant financial benefits for the states and federal government Types of Poker: The Ineffectiveness of the UIGEA and a Proposal for Governmental Regulation Online: Deposit $ into account in exchange for virtual poker chips Websites make $ same way as regular casinos: through a "rake" or entrance fees for tournaments Legislative Proposal The Rise of Online Poker Casino v. card room 2. Oversight and Licensing: The OOPO 4. Taxation and Revenue Sharing
Transcript: No-Limit Hold-em Guide By: Austin Moyer Beginner Poker Strategy Poker is played with a standard 52 Card Deck Texas Hold-em Basics Cards are ranked Ace, King, Q, J, 10, 9... All players are dealt 2 cards face down There are 4 suits (hearts, diamonds, spades, and clubs) All poker hands require 5 cards Card Combinations After all the cards have been dealt a round of betting occurs starting with the player to the left of the Big Blind Procedures The player sitting to the left of the dealer is called the Small Blind the next seat to the left is called the Big Blind The Small Blind and Big Blind are responsible for putting out a small ante amount before the cards are dealt, the Big Blind is usually 2X the Small Blind In poker there are many different actions a player can make Folding, Betting, Raising, Calling, and Checking Fold: Player throws his hand away Bet: Player bets his hand and puts chips in the middle Raise: Player raises opponents bet and puts more chips out than the bettor Call: Player calls opponents bet and puts the same amount of chips as the bettor Check: Signified by two knocks on the table, indicating you do not wish to bet You are dealt Ace, 10 both Diamonds as the dealer Hand Example: Only one caller behind us, we call, so does Small Blind, Big Blind Checks Player left of the dealer acts first He Checks This Player Makes a Bet This Player Folds We Call Fold Bet We Raise Call Check Check WE WIN!!! We had pair of Aces, our opponent had pari of Jacks These are some very basic guidelines on how to play Texas hold-em, to become a winning player you must master the basics and apply some deeper level thinking Conclusion Poker is a game of chance, but a good player is disciplined and waits for his opportunity to make his move
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