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.
Practice Matters
The many variations of Poker described above as played during the
The many variations of Poker described above as played during the 1970 World Series of Poker are still part of the annual Series. Today, however, they are only preliminaries to the main event—the World Series Hold Em Poker Championship.
Since the contenders in the various divisional Poker championships
Since the contenders in the various divisional Poker championships pay a small house charge of $15 to $50 for table time and dealer services for the duration of the tournament (which runs about three weeks), it could not possibly have been the money to be made on the tournament that prompted Benny and Jack Binion to develop the World Series of Poker for their Horseshoe Casino. Their angle, I'm sure, was to promote the Horseshoe Casino's table games of Black Jack, Roulette, and especially Craps, with its free double-odds bets to big-time gamblers throughout the country. Benny Binion became famous in Nevada for his big betting limits at the Horseshoe Casino. Binion's betting-limit policy is to allow the big-time gambler to bet 10% of his cash chip buy-in at any one time—that is, if a high roller buys in $100,000 in chips, his maximum single bet is $10,000. The biggest craps-player win in Nevada's legalized casino history was $400,000, paid out by Benny Binion to Nat Jacobson, casino owner and professional gambler who founded Caesars Palace hotel casino on the Las Vegas Strip.