Fees to play help casinos maintain an edge

Cost to play helps casinos maintain an edge – Elliot Frome’s column in the November 7 issue of Gaming Today offers plenty of “food for thought.”

I find it quite interesting, especially because it compares various games, including poker, my favorite game. “Casinos,” he said, “are not in the gambling business. They give an opportunity for someone to bet. ”

In most games except poker, the casino earns their money by choosing an opportunity that gives them a “house advantage” or charging a fee to play. In essence, the same is true for sports books that seem to be getting more and more popular. In the long run, the casinos are sure to excel. (Otherwise, they haven’t been in business long; their expenses are high, and they need to show a profit.)

In that respect, poker is quite unique among the busyness of the game. In casinos and card rooms, poker dealers deftly take money (chips) from each pot. Silently, without attracting much attention, the dealer shifts some specific chips called rake, next to a box with a slot that sits right next to him, where he will drop those chips at the end of the hand.

Usually there is a bad beat jackpot drop that goes in another slotted box to the left of the dealer, just below the top side of the table. Add a guide from the champion, and it is the total Cost to Play the game.

With nine full players in a $4-$8 limit game, the average is about $25/hour for each player. Play for seven hours, and the costs add up to $175 per player. At short-handed tables, the balanced costs are higher. It’s a good fact some smart players will take a break when there are five or fewer players sitting at the table.)

What does Cost-to-Play mean bonus138 for smart players? He intuitively knew if to be a champion he would have to win quite a lot of chips to make up for this fee. All things being equal, with nine players in play, he can expect to win, on average, one in nine hands awarded – essentially breaking even if it weren’t for Cost-to-Play. It’s just a matter of “pay to play visit my soccer online gambling agent.”

So how can a player handle those fees? For one thing, he must have a reasonable standard of choosing the starting hand where he “invests” his worth of chips. The Hold’em Algorithm described in my book, Hold’em or Fold’em? (Seeing ad) offers reasonable requirements for novice players, based on place, rank of cards (most importantly), both connectors and/or suits, game structure, wage increases, and the number of players in the hand to see the flop. Several poker publications offer useful diagrams.

For example, if the structure of the game at his table is not to his liking (I prefer loose-passive games with a modest amount of pre-flop upgrades), he can change the table or take a long time from the action. (This might be a good time for dinner.)

In addition, smart players know if their hand should increase on the flop or offer a strong drawing hand with at least a good six. Otherwise, he will fold unless the speculation is checked around, so he gets a free card in his turn.

Smart players (winners) also know when and how to bluff to force their opponents (Ref. The Art of Bluffing; see ad) until they leave the pot for him, increasing his chip stack.

When he’s lucky he doesn’t make it big (of course a very crazy one, of course), he can use a variety of other scams – such as slow play and pay raise checks – to build his “own” pot size.

I’ve heard rumors that some casinos are considering increasing their rake. That will make the Cost-to-Play even higher.

Well, you can still get home games with less if there is a rake.

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