Seven Card Stud Poker – What a Poker Game

You might say that any Poker game can be played high-low’ – that is, the pot is split between the stud poker player with the highest hand and the stud poker player with the lowest. Effectively, they are combinations of Low-ball games and straight Poker The most popular of the high-low games is Seven Card High-low Stud, although Seven Card Stud can also be played as a straightforward high-only poker game.Each stud poker player receives two cards facedown Id- towed by four faceup cank There is a round of betting between each of the faceup cards. After the betting on the fourth faceup card, a further card is dealt facedown and there is a final round of betting before the showdown.
stud poker players make the best five-card hand possible from the seven cards they draw. The hand may be either high – in which case the highest hand is determined in the usual way – or low, when precedence follows the rules of
Low-ball (see above), and the lowest hand is A, 2,3,4,6, not of the same suit stud poker players may try for both the high and the low hand, and may use as many of
the same cards in each hand as they like. For example, a stud poker player holding ‘A, 2, 3, 4, 5, 6 and +6 can make an almost unbeatable high poker hand of a straight flush – 6, 5.4,3,2 – and a winning low hand of A, 2, 3, 4 and +6.At the end of the final round of betting, stud poker players must declare whether they are aiming for the high hand or the low hand, or both.
This is usually done by selecting different colored chips to represent the three.Each stud poker player conceals a chip in their band, and reveals it on top of the table at an agreed signal from the dealer. Alternatively, many stud poker players simply use their
thumbs: thumbs up for high, thumbs down for low, and thumb horizontal for high-low, again all declaring simultaneously at an agreed signal from the dealer
High-law games can be hazardous for the inexperienced – and even for the experienced – Stud poker player This is because of what is known as the squeeze. If, for example, you hold 7,5,3. 2, 1 of difterent suits, with 7, 5, 2, and another card showing, you stand a very good chance of winning the low hanct But there are two other stud poker players in the game.Five Card Stud PokerGeneral rules of poker apply to five card stud, such as the pack of cards, rankings of cards and hands, etc. The number of stud poker players at Five Card Stud can range from 2 to 10. The dealer deals each stud poker player face down one card, or the hole card. Next, he deals each stud poker player a face up card. Next, he places the pack face down on the table in front of himself so that the cards are handy for the following part of the deal. The hole is the only card which remains unknown to the opposing stud poker players. The stud poker player with the highest ranking upcard makes the opening bet. The next bettor, left of the first better can fold, stay, raise the pot, or reraise. Once finished, the dealer deals another upcard to the stud poker players.The second round of betting is begun by the stud poker player holding the highest-ranking hand with the two upcards. He can either drop out, check, or bet. The next bettors can either play or stay, drop or fold, raise, or reraise. After this round, the dealer deals each stud poker player another card face up in the proper rotation, now three upcards plus a hole card. The third round of betting commences and is exactly like the second. After the third betting round, the dealer deals each stud poker player one upcard for a total of five cards.Next is the fourth and final round of betting which is just like the previous rounds. The only difference is the a bettor can choose to call, instead of playing or staying.
The showdown begins when all betting is completed and the stud poker players starting with the call hand turn over their hole cards.

Winning Poker Lessons From Warren Buffett

Dear Poker Player,Warren Buffett is one smart dude. And RICH.He’s the second richest man in the WORLD… right behind
Bill Gates. Forbes estimates that his net worth is $40
BILLION.(How’s THAT for a bankroll?)What’s interesting about Buffett is that he made his fortune
over a LONGGG period of time… by consistently beating the
stock market year after year after year.He wasn’t one of those “overnight” dot-com billionaires.He wasn’t “lucky” to be in the right place at the right
time.He didn’t “invent” some new technology that changed the
world.Nope… all he did was invest and “pick winners” over and
over. Since taking control of Berkshire 40 years ago,
Buffett has delivered a compound annual return of 22%.AND JUST BY DOING THAT, he became the 2nd richest man alive.OK– so why am I rambling on about 75-year old man who’s
good at investing?The reason is because I’ve realized that there are DOZENS of
important parallels between the STOCK MARKET and POKER.Here are just a few:* The stock market is often considered “gambling”, due to
its unpredictable nature… just as POKER is often
considered gambling, even though it’s a SKILL game.* The stock market has a heavy emphasis on odds and
mathematics… just like poker.* The stock market is predominately a male-driven
industry… just like poker.* The stock market has PLENTY of up’s and down’s, and
“streaks”… just like poker.* And so on.Of course, these are “surface” similarities.Now think about the PSYCHOLOGY of poker and the stock
market… and how they’re often EXACTLY THE SAME:* In the stock market, everyone dreams of buying that one
MIRACLE STOCK that will go from $2 to $200 and make them
rich…In poker, everyone has their “pipe dream” of winning a huge
million-dollar tournament on ESPN.* When a stock tanks, most investors FREAK OUT and
immediately make several bad investment decisions in a row.
It’s usually THESE decisions that hurt them the most.In poker, this is known as “tilt”. Bad beats cause some
damage… but it’s usually the decisions you make AFTER the
bad beats that cause you to lose the game.* Believe it or not, most stock investors come out on the
LOSING END over time… even though the market has
historically gone UP year after year.Most poker players end up losing over time also, despite all
the “fish” out there to prey on.* And so on.OK, so you get the idea.Lately I’ve been reading a lot of books about the stock
market… and especially about Warren Buffett. (Hell, I need
somewhere to invest all these poker winnings!)Anyway, here’s what’s REALLY interesting:Warren Buffett’s INVESTMENT APPROACH is almost identical to
the POKER STRATEGY I use every day.And it’s the SAME approach used by top poker pros to
consistently win tournaments and ring games…Interesting, huh?Of course, it makes sense when you think about it.If poker and investing are similar, then the guys who beat
the STOCK MARKET probably use the same techniques as the
guys who win at POKER.And who better to learn poker from than the “KING” of the
stock market… and the 2nd richest man in the world?*** WARREN BUFFETT’S WINNING APPROACH ***Warren Buffett operates on PRINCIPLES. He doesn’t get caught
up in “hype” or emotion.Below are the five MOST IMPORTANT principles that he follows… and how they relate to your poker game.PRINCIPLE 1: PATIENCE IS KEY.Patience, patience, patience!It’s the number one mistake that causes most poker players
to lose… and it’s one of the “secrets” to Buffett’s 22%
annual returns.Warren Buffett does not make an investment unless he is
absolutely 100% confident that it will make him money.That means he PASSES UP a lot of great investment
opportunities.Warren Buffett has said “no” to stocks that ended up
increasing by 10,000%!But more importantly… he’s passed up all those other
stocks that LOOKED GOOD, but PLUMMETED later.The problem is, us human beings are addicted to ACTION and
MOVEMENT and EXCITEMENT. We don’t want to just sit around
and WAIT.But that’s EXACTLY what Buffett does…He waits.And waits.And waits.He KNOWS that sooner or later, a GREAT opportunity will come
up… and then he’ll jump on it.It’s the same way with poker.You’ve GOT to be patient. We all want to “get in there” and
make strong bets… bluff out opponents… and take down
lots of pots. We want ACTION.BUT THAT’S NOT HOW YOU DO IT.You’ve got to sit back… be patient… and WAIT.Wait for good cards.Wait for the PERFECT time to bust the manic at the table.Wait for the PERFECT time to steal the blinds.Wait for the PERFECT time to bluff out an opponent.Wait for the PERFECT time to go all-in.And then when you DO make a move…PRINCIPLE 2: MAINTAIN A “LOW TURNOVER” PORTFOLIO OF JUST A
FEW STOCKS.Buffett insists on keeping 10-20% turnover with his
portfolio. This means he generally holds onto a stock for
5-10 years… AT LEAST.This is obviously OPPOSITE of how most investors do it. Most
investors are checking the tickers every HOUR– watching for
the slightest indication of movement or news.More importantly… Buffett only invests in a FEW STOCKS AT
A TIME.Now THIS is crucial, because it goes against everything
you’ve ever learned.Growing up, you probably heard this advice a lot:”Never put all your eggs in one basket.”Right?Well, Warren Buffett does the OPPOSITE.He puts all his eggs in one basket… but… he chooses that
basket VERY CAREFULLY!You see, Buffett believes that if you’ve done your homework
and you’re confident in your decision, there’s NO NEED to
“diversify”.In fact, he believes this is the ONLY REAL WAY to get rich
in the stock market. Because if you buy LOTS of stocks, some
are doomed to go down… and that will hurt your gains.Now think how this relates to poker.In poker, most players risk money on LOTS of pots, and try
to get the best odds for each one… maybe 55%, 60%, and the
OCCASIONAL 70% or higher.What PROFESSIONAL poker players do is only play those
OCCASIONAL pots with the best odds.BUT, they risk more chips when they do it…So instead of risking 20% of your chip stack five times…
you want to risk 90% of your chip stack ONE time. But you
choose that time VERY CAREFULLY!For instance, let’s say the “average” poker player enters
three pots where he feels the odds are in his favor.The three pots go like this:1.) He risks 1000 in chips with 60% odds.2.) He risks 1000 in chips with 50% odds.3.) He risks 1000 in chips with 60% odds.Now… MATHEMATICALLY speaking… there are EIGHT different
ways these scenarios can go. They are as follows (a win is
designated with “W” and a loss with “L”):1.) W-W-W2.) W-W-L3.) W-L-W4.) W-L-L5.) L-W-W6.) L-W-L7.) L-L-W8.) L-L-LIf he wins all three, he ends up with 3000 chips in profit.If he wins two but loses one, he ends up with just 1000
chips in profit.If he LOSES two but wins one, he ends up with 1000 chips in
losses.And he if loses all three, he loses 3000 chips total.Get it?Now let me share with you the PERCENTAGES of the above
scenarios.Watch out, this may surprise you.If you were to play three pots as described above and risk
1000 chips for each one, and do this exercise 100 times,
here’s what would happen:18% of the time you’d win 3,000 chips total.42% of the time you’d win 1,000 chips total.32% of the time you’d lose 1,000 chips total.8% of the time you’d lose 3,000 chips total.Your “net average” would be to PROFIT 400 CHIPS.OK… that’s the “normal” approach.Now let’s look at the WARREN BUFFETT approach.Let’s say you entered just ONE pot and risked 3000 chips
(instead of 1000) with 70% odds in your favor.Now watch what happens:70% of the time you’d win 3,000 chips total.
30% of the time you’d lose 3,000 chips total.Your “net average” would be to PROFIT 1200 CHIPS.That’s TRIPLE the results over time!The key is to get BETTER ODDS and RISK MORE.I better interject here that I do NOT recommend being one of
those players who just sits back, waits for the “nuts”, and
then goes all-in.Not even close.In fact, if you’ve read my newsletters you know that I’m a
very aggressive player who loves to push action.The KEY is that I BUILD THIS IMAGE through techniques based
on feeler bets, positioning, and sensing weakness.AND WHEN THE RIGHT OPPORTUNITY COMES ALONG, I RISK AS MANY
CHIPS AS I CAN!I know that when the odds are heavily in my favor, it’s time
to put my eggs in one basket and go for it…PRINCIPLE 3: THE STOCK MARKET IS NOT ALWAYS RATIONAL OR
“EFFICIENT”.There’s a popular stock market concept called, “Efficient
Market Theory” (EMT).Most of the world’s leading business schools teach this
widely-accepted concept.However…Warren Buffett says that the EMT is a bunch of hogwash!He’s actually gone on record saying that part of him LOVES
the fact that business schools teach this theory: It makes
things easier on him because his competition doesn’t know
what they’re doing!Now… I’m not going to argue whether the theory is right or
wrong. It doesn’t matter for our discussion here.What I find intriguing is what Buffett believes IS true
about the stock market…You see, the EMT basically says that the stock market is
“efficient” in its pricing… and that most buy/sell
behavior is “rational”.Buffett disagrees. He is CONSTANTLY scouting for
opportunities where he thinks the market is acting in an
IRRATIONAL manner… and then he jumps on the chance to buy
an under-priced stock.In other words, a core part of his investment philosophy is
that the stock market is NOT efficient… and that there’s
always room to grow your “bankroll” when others act
irrationally.It’s the same with poker.When you’re playing Texas Holdem, you want to spot the
“sucker” at the table… the guy who is making IRRATIONAL
decisions.This doesn’t only apply to amateurs, either. Even PROS have
“irrational” habits, tells, and “tilt” behavior.Your OPPONENTS will open up millions of “profit
opportunities” for you… if you just watch closely.And that brings us to the next principle:PRINCIPLE 4: FOCUS ON THE VALUE OF THE BUSINESS, NOT THE
PRICE OF THE STOCK.This one has almost a direct translation to poker:FOCUS ON THE PLAYERS, NOT THE CARDS.You’re not playing poker against the house… you’re playing
against your opponents.With the stock market, everyone is always looking at the
PRICE of a stock to determine if it’s worth buying or
selling.Buffett actually doesn’t even look at the price until LAST.
What he looks at is the VALUE OF THE BUSINESS.He only invests in top-notch businesses that meet specific
conditions. He wants a business with strong growth prospects
LONG TERM, good management, and stable numbers.Once he finds a business that meets these criteria, THEN he
looks at the price.When the cards come out, what’s the first thing you’re
thinking about? What are you looking at?You should be thinking about your OPPONENTS… the
POSITIONING at the table… the BETTING HABITS you’ve picked
up in the last few hands… and your opponents’ FACES as
they look at their cards.THEN when the action comes to you and it’s YOUR TURN, you
should peek to see what you’re holding.Opponents first, cards second.PRINCIPLE 5: DEMAND A MARGIN OF SAFETY FOR EVERY PURCHASE.Warren Buffett is actually a very “conservative” investor,
as are most poker professionals. He’ll only buy stocks that
he feels are practically “guaranteed” to go up.You should demand a “margin of safety” on every hand you
play. This is actually much easier than it sounds.Some of your tactics should include:* Avoiding heads-up situations with players who have more
chips, and instead favoring those with fewer chips. (That
way if you go all-in and lose, you can still be in the
game.)* Buying pots and bluffing when you have good positioning.
(That way you can get a read on your opponent and escape if
things go bad.)* Only “chasing” draws when the pot odds are CONSIDERABLY in
your favor. (That way you end up way ahead over time.)* And so on.*** PLAY POKER LIKE WARREN BUFFETT ***Perhaps the MOST IMPORTANT lesson I’ve learned from Warren
Buffett is to NEVER FEAR doing the “unpopular” thing.His career PROVES that “going against the grain” is often
the BEST choice.He doesn’t live by what others do… he operates on GUIDING
PRINCIPLES that “win” over time.Whether it’s ways to leverage table positioning, tactics for
defeating common opponent styles, techniques for “stealing
the button”, or figuring out the right times to bluff……You’ve got to first learn the POKER PRINCIPLES. And then
you need the GUTS to stick to them.So where do you learn these principles?The best place to start is by joining my free Poker Tips
email newsletter. It’s jam-packed with Texas Holem tactics
and secrets that you can INSTANTLY use to increase your
winnings.Join now, and your first issue will include this free
report:”Avoid These Costly Mistakes When Playing Texas Holdem”Inside you’ll learn the 10 most dangerous mistakes most
poker players make… and HOW YOU CAN AVOID THEM.Talk to you soon.Your New Friend,Roy Rounder

Online Poker Rooms

Now, you can play your favorite Poker game online by downloading any one of the popular Online Poker Room software to your desktop. All the theory and practice that you have acquired in Texas Hold’ em, Omaha, No-limit poker can be put to good use with a simple exercise of downloading the casino software. Downloadable casino software allows the user to play the game of his choice. Technically, online poker rooms is the same as the poker rooms in casinos that has poker players interested in playing a game of playing a poker.Before you download the software, here are few things you should know.It is an agreed fact that Poker is an easy game to play. Please note it is easy only if you know the rules of playing poker. Downloading the software merely does not guarantee you a good game of Poker. Remember, you would need to spend some money to download good casino software and spend some more in playing poker. When money is mentioned in almost every stage of the process, it is important that you take all precautions not to lose thousands of dollars even before you have dealt your first card. All the newcomers to Poker are requested to practice the Poker games to acquire enough expertise in playing a Poker game. Remember, once you enter the rooms, it is going to be all-action.What are some of the best Online Poker Rooms?In an age dominated by online games, it is important for you to know the best poker rooms available online. A lot of online resources have ranked different online poker rooms based on the ease of playing the game, user-friendliness, cost and other value-added benefits provided to the users. For reader’s ease, I have differentiated Poker rooms in two categories.o Poker rooms that allow US players – US players are welcome to play poker in these online rooms. Some of the best software belonging to this category are PlayersOnly Poker, Sportsbook Poker, Full Tilt Poker, Bodog Poker and many more.For example, PlayersOnly Poker is the highest rated online poker room in this category and offers variety in games with the users not having too much difficulty in playing poker games. If you sign up for PlayersOnly Poker through a Pokerlistings link, you would get a bonus of $1250 with a 100% deposit match.o Poker rooms that do not allow US players – These online poker rooms do not provide entry to US players. I am given to understand that there is no racial reason behind this decision. Some of the best software in this category are Titan Poker, Party Poker, Pacific Poker and much more.For example, Titan Poker is the leading online Poker room with a user rating of 8.40 out of 10. This software is extremely easy to use and has close to 35000 players in the online poker room with close to 6600 ring-game players. Needless to say, there are many options for you to choose from. Know the rules of playing poker online, choose any one poker room and get playing poker online.