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A real bad beat

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Being a typically broke college student, when I recently fell into a small pile of money, my course of action seemed clear: hit the local casino and try to parlay the cash! When I strolled into the card room, however, something just didn’t feel right. A little voice inside my head was telling me to leave immediately. As I would soon learn, sometimes it’s good to listen to the little voices in your head.

I sat down at a $5-$10 no-limit game and the foreboding I’d felt quickly evaporated. I mean, I practically couldn’t lose at this table. I would play absurd hands like 10-3 off suit and the flop would be A-3-3. People were taking notice of my apparent wizardry; the other players were generally respecting my raises and folding (which, of course, made it pretty easy to steal pots here and there).

I’d originally bought into the game for $450, but after a few hours of the Midas touch, I was up to a whopping $3,200. For a moneyless student, it was basically like hitting the lottery. I consider myself to be a fairly smart man, so I was well aware of the fact that my luck couldn’t last forever. I decided, therefore, to continue playing only until the big blind came around. Then I would cash out, go home, and celebrate.

I was a mere two hands away from this admirable goal when fate intervened. I was dealt pocket eights and raised the pot to $50. The next player to act folded. The guy after him, a semi-aggressive player who liked to try to take down pots before the river but normally played at least quasi-decent cards, re-raised me to $200. The rest of the table folded around to me, so now it was just semi-aggressive man and me, heads up. I figured him for a strong hand such as A-A, K-K, or, given his aggressiveness, maybe even A-K suited. I knew that if he had A-A or K-K, I would be in huge trouble — seeing as how he had my stack covered by about $300 or so. I also knew that if I flopped an eight, I was going to get paid big time. I decided to see the flop for $150 more.

The flop came 8-8-3. Not only did I hit my eight, but I also made quads! I threw out a bet of $300, hoping that he would think I was trying to buy the pot. Sure enough, the bait was taken and he raised me $1,000. At this point, I couldn’t possibly be beaten. I had visions of going back to the frat house rich as hell and being treated like a god for the evening. I re-raised and went all-in.

My opponent debated with himself for a long time. No matter what, I was a tremendous favorite to win the hand. Whatever he was holding, he’d need two more specific cards to help him. After what seemed like a month, he looked at me and said, “I’ll call you . . . on the condition that we don’t flip over our cards until the river is dealt.” This seemed like an odd request to me, but I figured he was thinking that his two aces probably wouldn’t hit and he didn’t want everyone at the table to see that he couldn’t get away from pocket rockets. I agreed to his request and he called.

The turn was a queen. It seemed that there was no hope for him now — two cards in the deck that could help him, but only one chance to hit it. The river produced . . . another queen. Okay, no aces, it’s over, I thought. I proudly flipped over my hand and proclaimed, “Four eights!” A look of absolute disbelief appeared on my opponent’s face. But there was also a sparkle in his eye — to go along with the smirk on his mouth. I starting feeling noticeably less confident when he finally turned his cards over: pocket queens. He’d made runner-runner quads and I lost everything.

It’s been several months now and I still haven’t recovered from this catastrophic bad beat. One thing I have done, though, is begun paying more attention to my inner voice. These days, when it speaks, I listen! Because of that I have spent more time on other games such as binary options. This is not exactly what they call a game, but for me it is like a game of betting.

I just opened an account at banc de binary and I have been placing small bets on gold and the euro. I really love their platform and it just take a few clicks to place a trade. And as these are shot-term investments, you know the result very quickly, sometimes as fast as one minute if you trade the 60-seconds option.

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What is rakeback

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If you do not know what rakeback is and you have found this site you are very fortunate indeed because here you will learn a very easy lesson on how to get some money back from the fat cats! Most players find out about rake and rakeback when it is too late, when they have paid a fortune in rake and not got any rakeback.

Below we will first explain what rake is before we go in to detail and describe what rakeback is. You will perhaps never play poker online again without a rakeback deal, however, that is no bad thing!

Nearly every game of poker on the Web has a fee attached to it called the rake, it is how the rooms make their profit and without they could not survive.

For instance in a £50 ten man game each player would typically pay £50+£5 to participate, this will earn the room total of 50 pounds (10 x $5 entry fees), for managing that tournament and this leaves £500 to be paid to the players as winnings. This fee is generally accepted by the poker community because it is pretty uniform and the poker room needs to have a way make profits obviously. However, you can get some of your rake back if you are in the know!

Interestingly a rakeback deal you arrange with a poker room accepting rakeback is your chance to get a portion of the rake you pay each month. The usual rakeback rate is in the 30-35% range. We take no charge ourself as the poker rooms want us to help you. These operators like to avoid paying rakeback so do not advertise it but they know that there is a demand for rakeback offers to players who understand the benefits of rakeback.

Now 50 cents might not sound a lot but then again, but would you buy something from a store and leave your 50 cents change on the counter? Multiply this amount by the number of games you play every month and it will soon mount up to a figure worth having back.

Some rakeback sites were founded by groups of poker professionals to help and assist serious poker players. They have deals in place with most of the big poker sites, their deals are the best available anywhere, they often can secure the best deals because they have a large group of players on their books. Poker houses actually approach them to offer deals to players because they are desperate for the numbers of players they can send to their room. They only choose the very best deals at the most reputable houses to ensure a safe and valuable experience for the players, this ensures that your rake back is always safe and paid back to you.

When you join a poker site through them, they don’t deal with you direct they just get you to their door. They can tell that they have referred you from their own unique links and tag you to them. This allows you to be secure in the knowledge that your rake back amount is paid direct to you, yes, that’s correct, your favorite poker room will pay your rake back directly into your player account each and every month. Another advantage of dealing with your rake back this way is that they offer you real time statistics. All you need to do is log into your account and you will be able to see how much rake you have paid, you will also see a report on the amount of rakeback that you will be receiving at the end of the month.

If you are still unsure of the rules, how you might benefit or just simply want some further help and assurances please feel free to contact us. We are here to help you get back what is rightly yours and will always be available to help in anyway we can.

It is worth noting that some rooms do not give rakeback in the normal sense of the word, Pokerstars are one of these rooms, the iPoker network does not allow rakeback either. To counter this problem we have succeeded in acquiring many VIP deals at these types of room. These VIP loyalty rewards programs can be as good as the best rakeback deals in many cases. Amongst all the rooms that we offer, you will find Betfair, Full Tilt, Cake, Bodog, Red Star and also we have PKR Rakeback.

Becoming a poker pro

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So, you’re searching for how to become a poker pro and you’ve found this page, you want to know if it is possible to become a poker pro, how much you can make as a poker pro, what it’s like to be a poker pro and maybe even the chances of you becoming a successful professional poker player. Well, I’ve been there done that and got the T-Shirt so sit back and listen closely to what I’ve got to tell you.

Is it possible to become a poker pro?

Simple answer to this question is yes it is possible to become a poker pro. The problem is there are lots of buts that go with possibility. But you’ve got to have the right mind set, but you’ve got to have emotional control, but you’ve got to be good enough and possibly the biggest but of them all but you’ve got to have enough money behind you.

If you are a winning poker player but don’t have a bankroll that can support you both on and off the tables for at least a 6 month period then you shouldn’t be quitting your job just yet. Don’t have a job? Then make sure you’ve got enough money behind you to support yourself at your current level of play. Cash games we are talking a 100 buy ins bankroll. When I first turned professional I had rent and bills to pay, I had food and living costs as well as a $15,000 bankroll to support myself at 100NL ($0.50/$1).

I’ll let you into a secret here, you probably don’t need to have as much as I had. Some players go pro with much less and make it big. However it’s a lonely road at times and the financial pressure you are under can get the best of even the most skillful of players. Big tip coming up here …. you need to get yourself a god damn rakeback deal if you intend to or are even thinking about going pro. Not having a rakeback deal is like burning money!

You can get a 27% rakeback deal or more at some rooms, which means that at the end of every month they will pay 27% of the rake you’ve paid over the course of the month back into your poker account. There is no better way to release the grip of financial pressure as a professional poker player than to know you’re getting at least a certain amount of money in your account at the end of the month no matter what.

How much can you earn as a poker pro?

Honestly, the sky is the limit and that’s one of the most appealing things about turning pro. Obviously it depends on how good you are and what limits you are playing but in truth some of the best up and coming professionals are churning out $30,000 months on a regular basis. Some of these guys are only playing as high as 200nl as well!

A more relevant question would not be how much can you make as a poker pro but how much do I need to make as a poker pro? You need to work out what it’s going to cost you to live with bills and rent included and find a number that you’re sure you can live on. Then you need to look at your previous months and work out if you are hitting that target or not.

I know I just mentioned it but before but seriously this is where rakeback becomes your biggest friend! For the first three months I played as a pro the pressure got to me, I didn’t play my A game and as a result broke even. If it wasn’t for the $1,000 rakeback payments I was getting at the end of every month I may well have bottled it and given up. So for God’s sake don’t underestimate the power of rakeback. Find out how to get rakeback by clicking this rakeback guide link.

What are the chances you will make it as a pro poker player?

There are two types of people who turn pro. The first type don’t think about what they are doing, they dive straight in and it’s just a matter of time before they fail miserably. The second type of person works out what they need to earn, weighs up the chances of them meeting that figure, has a bankroll behind them and puts thought and effort into thinking about measures they can take to sustain themselves as a pro during both their good and bad periods at the table.

To be honest I don’t care which type of player you are but I can tell you this: if you get a rakeback deal then I’d say your chances of success more than double if not triple!

Hold’em Excellence

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In our last post we talked about poker books, and it is nearly impossible to excel at poker without them. So here is another review of one of the classics in the poker literature: Hold’em Excellence: From Beginner to Winner (2nd Edition) – Lou Krieger

This is a perfect companion piece to Lee Jones’ low limit offering. Krieger is a long time poker player and columnist and a top notch writer. His book is an invaluable guide to playing poker, both for the beginning and experienced player. His chart on starting hands and the position they should be played from alone is worth the price of the book, and his intelligent discussion about pre-flop play can be enough to help the losing player break even.

In addition, he goes in to great depth about play after the flop, at the turn, and on the river, with emphasis placed on betting when you have the best of it. Like Jones, Krieger helps the reader appreciate that because in the lower limit games, a player will often have to show down the best hand at the end, bluffing should be done sparingly. He stresses the notion that a bet saved is a bet earned. Krieger also explores the importance of a player keeping records of their progress. He even touches on the topic of “turning pro.”

His insights into maintaining habits which will make you a winner in the long run are invaluable and his frankness about even pros making mistakes helps the reader keep their own game in perspective. Though this title is aimed primarily at beginning players, it is a poker reference that any player will find themselves going back to time and time again as their skills progress.

So if you are rather new to online poker and need to strengthen your poker skills, this one is not a bad book to have, you can probably find it second hand at Amazon for one dollar or so. Good luck at the tables and always remember to use safe bankroll management.

Hello world!

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If you are getting started with online poker or live poker, then it is a good idea to start by reading a few books about Texas Holdem and other poker variations. This is a highly strategic game and it could take a lifetime to master, so read at least a few reference books to have a minimum of theory under your belt. Below is a short summary of a book for beginners and intermediate players.

Winning Low Limit Hold’em (2nd Edition) – Lee Jones

The most popular form of poker out there today is limit hold’em, which is partially due to the fact that it requires less concentration than seven card stud or Omaha. Though it appears quite easy to understand and can be learned quickly, Texas hold’em can take a lifetime to master. Fortunately, Lee Jones makes navigating the low limit tables both understandable and profitable. In his book, he discusses hand selection, position play, value betting, raising and bluffing all in the context of what many call “no fold’em hold’em.” He explains why so many plays that we see advanced players make on television just don’t work with low limit players. The author also reinforces the value of playing good starting hands, correct play before and after the flop, when to play aggressively, and when to slow it down. If you’re going to tackle any game up to and including the $6-$12 limits, this book may very well save you enough money to pay for itself on your first day.

Of course you do not have to take poker too seriously and some people like to play it just for the fun, so they do not waste time reading books. But this is good news for you if you read these books, as you can easily dominate such gamblers and take their money. Or if you yourself prefer to gamble while playing Texas Holdem Poker, then just make sure to use bankroll management and to not risk more than you can afford to lose.