Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

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Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson

Transcript of Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Page 1: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Advanced Strategies for Craps and Poker

Billy J. DukeJoel A. Johnson

Page 2: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Hand RankingsHigh Card No pairs, different suits

1 Pair Two of a kind

2 Pairs Two of a kind – twice

3 of a Kind Three of a kind

Straight Five cards in sequence

Flush Five cards of the same suit

Full House Three of a kind and two of another kind

4 of a Kind Four of a kind

Straight Flush Five cards in sequence in same suit

Page 3: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Which Game Do I Play?

• Texas Hold ‘Em will be the focus of today’s presentation. It is the most prevalent game at the current time.

• Some other games are available, such as Omaha High-Low or Seven Card Stud at certain locations.

Page 4: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Basic Game Play

• The 2 spots to the dealer’s left are the small blind and the big blind.

• Two cards are dealt face down to each player, these are your hole cards.

• A round of betting ensues, starting with the player to the left of the big blind.

Page 5: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Basic Game Play (cont.)

• After burning a card, the dealer flips three “community cards” face up, this is the flop.

• Another round of betting ensues.• After burning another card, the dealer flips a

card face up, this is the turn, or 4th street.• Another round of betting ensues.

Page 6: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Basic Game Play (cont.)

• The dealer flips over a 5th card, the river or 5th street.

• A final round of betting occurs. • Each player makes their best five card hand

using their two hole cards and the five community cards.

• The player with the best five card hand is the winner.

Page 7: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Limit or No Limit?

• This is your most important decision!• Limit poker sets maximum betting amounts for

each round.• No limit poker has no maximum betting

amount. You can go “all-in” at any time.

Page 8: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Limit Hold ‘Em

• In a 2-4 Limit game the small blind is $1 and the big blind is $2. Minimum buy-in is usually $20, no maximum.

• In a 4-8 Limit game the small blind is $2 and the big blind is $4. Minimum buy-in is usually $40, no maximum.

• Many 4-8 games are played with “half-kill”. If a player wins two hands in a row the game changes to 6-12 until a different player wins a hand.

Page 9: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

No Limit Hold ‘Em

• In a 1-2 No Limit game the small blind is $1 and the big blind is $2. Minimum buy in is usually $100 with a $200 maximum.

• In a 2-5 No Limit game the small blind is $2 and the big blind is $5. Minimum buy in is usually $200 with a $500 or $1000 maximum.

Page 10: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Getting Started

• Go to the poker room counter and tell them you want to play.

• If a spot is open they will direct you to the table and assist you with getting chips.

• If an open spot is not available you will be put on a waiting list and your name will be announced when a spot is available.

Page 11: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Actions

• You are dealt 2 cards face down.• When it is your turn, your options are: – Check – Call – Fold– Bet– Raise

Page 12: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Check, Call, or Fold

• Check – You are not betting any money, you are just passing on your chance to bet. – Checking in Limit games allows you to slow down

aggressive opponents.• Call – You must bet the amount that has been

bet by a player before you.• Fold – You are unwilling to call the bet of a

player before you.

Page 13: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Bet or Raise - Limit

• The amount of your bet or raise is fixed in Limit games.

• In a 2-4 Limit game the bet or raise limit pre and post flop is $2. The bet or raise limit after the turn and after the river is $4.

• In each betting round there is a maximum of 4 raises.

Page 14: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Bet or Raise – No Limit

• In a No Limit game the amount you bet or raise is only limited by the amount of chips in front of you.

Page 15: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Notes About Raising

• Proper way to raise– Announce “raise” before action.– One motion.

• String bet– “I’ll see your bet and raise …”– No multiple motions.

Page 16: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Showdown

• You do not have to show your hand if it is not the winning hand.

• If you surrender your cards face down you are automatically out of the hand.

• If you surrender your cards face up and you have the best hand, even if you are not aware of this, you will win the hand. This is known as cardspeak.

Page 17: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

The Rake

• The casino is going to collect some money for supplying the room, the table, and the dealer.

• The “rake” is usually 10% of the pot, typically up to a limit of $4.

Page 18: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Starting Hands

• Premium Starting Hands– A-A, K-K, Q-Q, A-K, J-J, 10-10, 9-9, 8-8, A-Q, 7-7

• Good Starting Hands– All Other Pocket Pairs, A-x Suited, K-Q

• Probability of Being Dealt A-A? K-K?– (4/52)x(3/51) = 1/221

Page 19: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Starting Hands (cont.)

• In Limit play you must mostly play good hands because it is almost impossible to bet anybody out of the hand.

• In No Limit play you can make your opponent(s) lay down a hand by using your position and money.

Page 20: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Mathematics Before The FlopOdds Against Percentage

If you hold a Pair, at least one more of that kind will flop

7.51 to 1 11.76%

If you hold no Pair, you will pair at least one of your cards on the flop

2.08 to 1 32.43%

If you hold two suited cards, two or more of that suit will flop

7.48 to 1 11.79%

Page 21: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

After The Flop

• Critical Point – Decide if you will continue.– Did the flop improve your hand?– Do you have a pair, or better?– Do you have a good draw to a flush or straight?

Page 22: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Example 1

• Suppose you have:

• The flop:

• Pretty safe flop, you have a great kicker– Be careful for sets

Page 23: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Example 2

• Suppose you have:

• The flop:

• Be careful for straight draws (6-7 or J-10)

Page 24: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Example 3

• Suppose you have:

• The flop:

• Be very careful for made straights or 2 pairs

Page 25: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Example 4

• Suppose you have:

• The flop:

• Be very careful for straight and flush draws

Page 26: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Mathematics After The FlopOdds Against Percentage

If you have four cards to a Flush you will make the flush

1.86 to 1 34.97%

If you have Two-Pair you will make a Full House or better

4.97 to 1 16.74%

If you have Three-of-a-kind you will make a Full House or better

1.99 to 1 33.40%

If you have a Pair at least one more of the kind will turn up (on the last two cards)

10.9 to 1 8.42%

Page 27: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

Outs

• Outs are cards that will improve your hand to possibly win the hand.

• Open-ended straight draw, say 6-7-8-9, then any 5 or 10 would make a straight. Since there are four 5’s and four 10’s you have 8 outs.

• Inside straight draw (gut shot), such as 8-9-J-Q would give you 4 outs, the four 10’s.

• Flush draws have 9 outs, 13 of a suit minus the four in your hand.

Page 28: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

2-4 Rule

• Before the turn multiply the number of your outs by 4 to find your chance of winning, expressed as a percent.

• After the turn multiply the number of your outs by 2 to find your chance of winning, expressed as a percent.

Page 29: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

2-4 Rule (cont.)

• For example, if you have 9 outs.– Probability of getting your card on the turn is

(9/45) = 0.2– Probability of getting your card on the river

providing you didn’t get it on the turn is (36/45)x(9/44) = 0.163636…

– 0.2 + 0.163636… = 0.3636…– Approximate 36% chance of getting your card

Page 30: Advanced Strategies for Craps and Poker Billy J. Duke Joel A. Johnson.

2-4 Rule (cont.)

• If you have 9 outs with only the river left:– (9/44) = 0.204545…– Approximately 20% chance of getting your card– 0.204545/9 = 0.0227272– Actual multiplier would be 2.2727…