Poker strategy for the newbie.

[Masquerade]

I don't know about the Ultimate Bet/Absolute Poker RNG, but I can tell you one thing that i'd not play at that site. It's just too shady.

I would play at full tilt, Pokerstars, Partypoker, iPoker network and maybe some of the merge/entraction sites. They have their RNG's audited and they're regularly checked as they can't afford someone to crack it and start cheating in the games. I don't know about these exchange games/blackjack (that's felt a bit rigged at times) but as far as poker goes i'd not have any qualms playing it at the sites I mentioned.

 

[Optioholic]

RNG isn't rigged in the slightest. It would be far harder and costlier to rig an RNG program to certain outcomes for certain players than it would be to just keep it RNG. They make money from the rake so they have absolutely no need to put their business at risk by rigging games, online poker is a zero money risk for these sites.

As for casino style games, horse racing and all of that, the odds are made so that no matter what the results the operator wins in the long term. Sure you might win one night and maybe even for a whole week/month... but the more you keep playing the more you get exposed to the house edge. It is IMPROBABLE to beat any of these games so they have absolutely no need to rig them.

Demo play Absolute's virtual horse racing, and lay the horses that shouldn't win... you will see what I'm talking about. The RNG on Absolute's casino outlet is rigged, their virtual horse racing confirms this 100%. My point doesn't have anything to do with long-term play or house edges.

No business is a "zero-risk", espcially online poker. They all have to make up for overhead and Absolute had already accomplished this, but unfortunately decided to rip their clients off by exploiting their privileges as a gambling company.

As for other poker companies such as Full Tilt, Party Poker, etc. they probably are fine. But when a large company that has already had a large reputation in the poker industry, screws people over by exploiting "the system", it makes it pretty hard to believe games aren't being played at other large, reputable poker websites, regardless of 3rd party audits.

Audit companies and the employees affiliated with them have played plenty of games in Vegas 10 - 20 years ago. There is no reason to believe it cannot go on today, especially with the masking effect that the internet has in regards to the real operation of any company behind closed doors, let alone a gamlbing/poker company.

 

[brewski1984]

When you play online poker you're not winning any money at all from the operator you're winning it from other people and the company are taking a percentage of each pot, hence no risk at all of losing money as long as there are people playing. What would they gain from rigging this when "rigged scenarios" will play out in due course anyway?

 

[trader-john]

When you play online poker you're not winning any money at all from the operator you're winning it from other people and the company are taking a percentage of each pot, hence no risk at all of losing money as long as there are people playing. What would they gain from rigging this when "rigged scenarios" will play out in due course anyway?

Yes. Every poker room take interest from the pot. What is very good idea and everybody likes that. When you win - you are glad to take money and it doesn't matter that it is 5% less. When you lose - it doesn't matter what is with money - they are not yours any more.

 

[arabianights]

Yes. Every poker room take interest from the pot. What is very good idea and everybody likes that. When you win - you are glad to take money and it doesn't matter that it is 5% less. When you lose - it doesn't matter what is with money - they are not yours any more.

trader-john is the most blatant "build up post count with useless posts" account I've ever seen...

 

[brewski1984]

Maybe but it's nice for someone on here to agree with me for once! Although, for me it does matter that it's 5% less when you win.

 

[etem_tezcan]

I believe one's poker track would be similar to his trading track. I don't mean gaining/losing in poker will lead to same in trading but types of gains/losses and their frequency will give clues about his trading. For example I find no limit holdem to similar to trading crude oil futures, huge volatility, enourmous gains and losses whereas limit omaha h/l will be similar to trading STIR spreads.
Also online poker can be valuable while waiting for a setup to trade. It can remove your itching to trade which usually leads to unprofitable and risky situations. Also playing Sit-and-Go's rather than cash tables will train you to "change gears" which can be valuable skill for traders.

 

[Taxidermista]

God forbid anyone do this with real money, the demo won't even let you lay a horse and win. I layed 15 horses in a row, all least likely to win and lost every time. Do the math on the probability of losing 15 horse lays in a row (out of the 7 horses or so they offer), on horses that have the least probability to win... it will blow your mind.

Excuse me, you know that this run in a roulette:

B-B-B-B-B-B-B-B-B-B-B-B-B-B-B-B-B-B-B

has te same odds to ocurr than this run:

B-R-B-R-B-R-B-R-B-R-B-R-B-R-B-R-B-R-B

Do you know that, right?