Tournament Strategies
After receiving pocket cards, you are immediately faced with a choice: play your cards and either raise or call the blinds, or fold.
After receiving pocket cards, you are immediately faced with a choice: play your cards and either raise or call the blinds, or fold.
When we speak of professional card players we do not refer to the proprietors or managers of gaming houses. The percentage in their favor is a known quantity, or can be readily calculated, and their profits are much the same as any business enterprise. Where the civil authorities countenance these institutions they are generally conducted by men of well known standing in the community.
The card tables pay a percentage or rake off, and the management provides a look out for the protection of its patrons. Where the gaming rooms must be conducted in secret the probabilities of the player's apparent chances being lessened are much greater. However, our purpose is to account for the unknown percentage that must needs be in favor of the professional card player to enable him to live.