Advanced Strategies for Craps and Poker
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Transcript of Advanced Strategies for Craps and Poker
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Advanced Strategies for Craps and Poker
Billy J. DukeJoel A. Johnson
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Actions
• You are dealt 2 cards face down.• When it is your turn, your options are: – Check – Call – Fold– Bet– Raise
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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%
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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?
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Example 1
• Suppose you have:
• The flop:
• Pretty safe flop, you have a great kicker– Be careful for sets
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Example 2
• Suppose you have:
• The flop:
• Be careful for straight draws (6-7 or J-10)
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Example 3
• Suppose you have:
• The flop:
• Be very careful for made straights or 2 pairs
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Example 4
• Suppose you have:
• The flop:
• Be very careful for straight and flush draws
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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%
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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.
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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.
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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
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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…