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PostPosted: Tue Dec 14, 2004 4:03 pm    Post subject: PokerPlulse Gambler's Guide to Poker Reply with quote

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WELCOME!
PokerPulse Gambler's Guide to Poker

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See also Texts on Gambling, including brief excerpts.


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PostPosted: Wed Jul 27, 2005 2:40 pm    Post subject: Reply with quote

Problem Solving Through Recreational Mathematics
Paperback
By Bonnie Averbach and Orin Chein




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Problem 1.4

Messr. Baker, Dyer, Farmer, Glover, and Hosier are seated around a circular table, playing poker. Each gentleman is the namesake of the profession of one of the others. The dyer is seated two places to the left of Mr. Hosier. The baker sits two places to Mr. Baker's right. The farmer is seated to the left of Mr. Farmer. Mr. Dyer is on the glover's right.

What is the name of the dyer? (p. 3)


Quote:
Answer: Mr. Farmer (p. 14, which includes diagrams, charts and helpful explanations of how to arrive at a solution.


Would that math textbooks were this good back when we carried slate and satchel to the one-room schoolhouse of our green and tender childhood.

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PostPosted: Mon Mar 12, 2007 10:11 am    Post subject: Reply with quote

The Irish Times
Daily Trombone Not Yet
Ruined by Corporate Ownership
Where a big flop can make you rich
By Conor Pope
Oct. 28/06


Quote:
More on the gals unabashedly flashing their nuts at Celebrated Women Gamblers.



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On the river: learn the lingo

Poket cards
Every player is dealt their first two cards face down and they remain hidden for the duration of the game.

All-in
When you bet everything you have on a single hand.

The Turn or 4th Street
The fourth community card.

The River
The fifth and final community card.

A bad beat
Losing a hand when you looked certain to win. You're dealt pocket aces against someone holding a pair of 2s. They win after drawing another 2 on the River.

Tilt
Players who've experienced a bad beat may go on tilt and allow anger and frustration to have a negative impact on their poker game.

The Nuts
The best possible hand in any given deal. If you draw the nuts then going all in is a pretty good idea. (Weekend Review, p. 3)


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PostPosted: Wed May 02, 2007 10:53 am    Post subject: Reply with quote

The Professor, the Banker and
the Suicide King

Inside the Richest Game of Poker
Hardcover
By U.S. lawyer/poker blogger Michael Craig




Quote:
I considered myself so proficient at the game by the summer of 1993 that all I needed, to my reasoning, was to step up in class, repeat my stellar low-stakes results, and begin my new life as a globe-trotting professional gambler.

Or should I say our new life? I had a wife, two children, a law partner, and a busy practice. No one was going to encourage (or allow) me to bet vast sums in the top games. I would have to prove my mettle in a poker tournament, demonstrating to all the family, friends, and colleagues who thought I had a screw loose that I was, indeed, pro poker material.

...Most important, I learned what a capricious game poker can be, and what a difficult proession it can be for even its expert practitioners. In fact, when I started, I thought the central question of the book would be why (Texas banker, Andrew) Beal would attempt something so apparently foolhardy, taking on the best in the world at their game. By the end of the story, the more pertinent question is why the professionals continued to take up his challenge. By the time the stakes reached their peak, the pros were potentially risking everything on an edge they realized was virtually nonexistent.

The game went on at irregular intervals in an upstairs corner of the poker room at the Bellagio, in the heart of the Las Vegas Strip, for over three years.

...reporting on a three-year series of poker games is not like reporting on three baseball seasons, or three years on Wall Street. The American obsession with numbers has pulled tournament poker into the twenty-first century. There are now tours and circuits with money rankings, player ratings, championships, and player-of-the-year awards. But the high-stakes cash games still adhere to rules reminiscent of the Old West. Rules like, "Keep you back to the wall" and "Keep your mouth shut."

There are numerous obstacles to finding out who won and who lost (and how much), some even more imposing than the beefy security personnel who magically appear if someone lingers too long on the rail of a high-stakes game. For numerous reasons, it is bad business to reveal the results of poker games. No one wants to brag lest the IRS be within earshot. (Most of these players are pretty honest when it comes to reporting poker income, evidenced by the meticulous records I saw of some of the players, the modern casino and Treasury Department rules for recording transactions of the size necessary for these players to take money out of play, and Doyle Brunson's decade-long admonition that a poker player can never accumulate wealth if he doesn't pay his taxes).

...the story is about more than dollar amounts. The willingness of the world's best poker players to risk everything is both impressive and alarming. Doyle Brunson, a legendary successful poker player and ambassador for the game, told me, "It takes kind of a sick person to play the way we do. I'm convinced we're all compulsive gamblers. We must find a way to win." Howard Lederer, also a tremendous presence in spreading a positive image of poker players, agrees. "Most of us, maybe all of us, have a little of the sickness in us...The guys that end up in the biggest games are the ones that have a little too much gamble in them, but they've managed to figure out how to use it to their advantage."

This is their story. (From the Preface at pgs. 2-11)


There's more poker strategy in the preface of this book than we got from two years of trawling the Web. Good fun even for English majors.

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PostPosted: Wed May 23, 2007 9:20 am    Post subject: Reply with quote

Even Canada's squarest daily promoting poker:

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The Globe and Mail
An Otherwise Dull Toronto Daily
Take the pot
Learn to play poker from the masters
with this new daily column

April 24/07


Quote:
Analysis

With a 3-5-1 chip deficit, D'Agostino was only one big pot away from making the chip count nearly even. D'Agostino called Mizrachi's minimum bet on the flop with a gutshot-straight draw (needing a queen) and an overcard to the board (a king). D'Agostino attempted to make Mizrachi fold with his all-in checkraise on the turn, and highlighted the difficulty in playing an aggressive player out of position - when they do make a big hand, they tend to get paid off. D'Agostino could have folded on the turn to Mizrachi's sizable bet and kept enough chips to pick a better spot. (From the 2006 Borgata Winter Poker Open, p. R4)




Jury's still out on this one. Any thoughts? Send them to legal@pokerpulse.com.

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PostPosted: Tue Oct 16, 2007 12:55 pm    Post subject: Reply with quote

Poker Strategic Thinking Society (GPSTS)
Harvard Law School
Harvard Law Launches Lecture Series on Role
of Poker in the Legal World

[Group of Scholars Will Debate Legal and Ethical Issues of Online Gaming For Broadcast Over Internet and Second Life
Beginning Oct. 15/07


Quote:
More on the Harvard poker lecture series at LegalAtPokerPulse.



The Paper Chase
DVD
Classic fare from the '70s featuring John Houseman, who makes law school seem
far more engaging than the dull old wheeze it is
.



Quote:
Harvard Law School’s new student-led Poker Strategic Thinking Society (GPSTS) and a leading Harvard professor have scheduled a series of lectures and conferences to examine the role of poker in the law and education. The lectures, open to the media and to take place at 5 p.m. in Room 102 of Hauser Hall on the law school campus at 1563 Massachusetts Avenue, will begin on Monday (October 15) and continue for the remainder of the Fall Semester. They are being sponsored by Harvard’s Global Poker Strategic Thinking Society, which is organizing student poker societies on university campuses nationwide, and Harvard Law Professor Charles Nesson, who is focusing on the study of poker as an academic exercise.

More information on the lecture series can be found at www.gpsts.org/events.


The Economist
Magazine Subscription
A big deal
Poker is getting younger, cleverer,
duller and much, much richer

Dec. 22/07


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More Gambling American Presidents.

More Celebrated Women Gamblers.

More on the value of games of skill/chance in education at PokerPulse Gambler's Study Guide - Best Bets for Success!.





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Parents are increasingly encouraging their children to play, he adds, because it is mentally more rewarding than video games and does not mix well with alcohol (at least if you care about winning). “When I started it was seen as a bit of an outlaw pastime, for rogues and cheats. Now it's a huge bottom-up movement,” he says.

It might seem a bit of a leap to go from here to putting poker on the curriculum. But some academics see it as a worthy subject of study. Chief among them is Charles Nesson, a professor at Harvard Law School. Earlier this year he founded the Global Poker Strategic Thinking Society (GPSTS), whose awkward name belies a clear set of goals: to highlight poker's role in teaching patience, strategy and money management, and in improving cognitive skills. “Poker offers metaphors for a range of life skills and could be a wonderful educational tool,” says Mr Nesson, who plays a regular game with other law professors, including Alan Dershowitz—though he has yet to play with Antonin Scalia, a Supreme Court justice known to have a fondness for poker.

Poker is, first and foremost, a game of managing resources, argues Mr Nesson, teaching a cautious approach to risk-taking, not recklessness. There is some evidence for this. One study, comparing experienced poker players with financial- market traders, found the players less likely to exhibit over-confidence.

An unlikely social-welfare tool

Determined to counter what he sees as the demonisation of poker by the American right, and the resulting squeeze on personal freedoms, Mr Nesson is working on a pilot programme to teach the game to disadvantaged children in schools in America and Jamaica. He muses about turning a property he runs in Second Life, a virtual world, into an online poker university. ...

Poker has long fascinated America's great and good, from politicians to generals to captains of industry. Presidents Roosevelt (both), Truman, Eisenhower and Nixon were all keen players. Nixon was famously good: most of the funding for his first congressional run came from poker winnings. Poker was said to have inspired cold-war tacticians. It is still a useful military motif: recall the playing cards used to represent Saddam Hussein and his most-wanted cohorts. Poker financed a sizeable chunk of Microsoft's start-up costs. Bill Gates once said he learned more about business strategy at the baize than in classrooms - though these days he apparently prefers the more stately game of bridge.

Not all famous players have made such good role models. As he partied away the declining years of his career, Errol Flynn incurred some excruciating poker losses, including, on one particularly bad night, a Caribbean island he had hoped to develop into a holiday resort. John Wayne had some shockers too, though in one memorable game he won Lassie from the canine star's desperate owner.

Getting serious

What Nixon, Flynn and Wayne have made of poker today? They would surely have marvelled at the transformation of "the cheater's game" into a multi-billion-dollar industry, pumping out new millionaires almost daily. Even they might have been shocked at the latest season of "High Stakes Poker," a television series in which players buy into each game for $500, 000 apiece and the winner takes home more than $5m.

They might, perhaps, have been disappointed that the game had lost some of its backroom edginess. Miss Obrestad's generation are more likely to put their excess winnings into tax-free bonds than blow them betting on a single round of gold, as Mr Brunson and his Las Vegas pals used to do in their madder moments. Still, those hoping to win over poker's skeptics will find no better example than young Annette, 15. She is stern, sober and chillingly focused on her game. She appears to be exceptionally good at it too. Either that or amazingly lucky. (-- pgs. 36-38)


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PostPosted: Thu Apr 17, 2008 11:01 am    Post subject: Reply with quote

The Economist
Magazine Subscription
A big deal
Poker is getting younger, cleverer,
duller and much, much richer

Dec. 22/07


Quote:
More on the reasons behind the push to encourage games of skill/chance in U.S. schools.





Quote:
Doyle Brunson (above) is a poker legend. Twice winner of the game's most prestigious annual tournament, the World Series of Poker (WSOP), held in Las Vegas, the cowboy-hat-clad southerner affectionately known as Texas Dolly also wrote what many consider to be the bible of poker theory, Super System: A Course in Power Poker. His reputation among card-shufflers borders on the superhuman. Indeed, after fighting off supposedly terminal cancer in the 1960s, he celebrated his return to the cardrooms with 53 straight wins. Adding to the mystique, both of his World Series titles were won with exactly the same cards: a full house of tens over twos.

Now in his mid-70s, Mr Brunson is still going strong. But not strong enough for Annette Obrestad (above, right), who beat the old master and 361 other entrants in September to win the first ever WSOP event held outside America. Miss Obrestad's victory, which netted her £1m ($2m), shows how much poker has changed since the days when Texas Dolly, Amarillo Slim Preston and Jack “Treetops” Straus held sway. She is only 19 (making her the youngest ever winner of a World Series bracelet) and she is, of course, a woman. She hails from Norway, not Nevada. And though she had previously won over $800,000 in internet tournaments, the event at London's Empire Casino was the first time she had encountered serious opposition in the flesh. The poker press refers to her by her online moniker, annette_15.

Miss Obrestad's route to the grand prize—dumped on the final table in bundles of $50 notes, as is the World Series tradition—required her to see off such modern-day poker luminaries as Chris “Jesus” Ferguson, a hirsute scholar of game theory, Dave “Devilfish” Ulliott, a somewhat less cerebral but wily British professional who wears diamond-encrusted knuckledusters, and Phil “Poker Brat” Hellmuth, arguably the most celebrated (not least by himself) modern player. Jim McManus, a poker player and historian, describes the young Scandinavian's win as a “startling milestone”.

Yet it is also part of a trend. Youngsters are flocking to poker as never before, attracted by its growing cachet and the ever-expanding pots. The plethora of books, blogs and DVDs now easily accessible, and the rapid growth of poker online, means newcomers can learn the art much more quickly than in earlier eras. “When I started out it took years of hard grind at the table to get good. Now the learning curve is much steeper,” says Howard “The Professor” Lederer, a professional player. It is often said that while Texas Hold 'Em, the most popular version of poker, may take only minutes to learn, it takes a lifetime to master. Annette_15 may beg to differ. ...

Poker has long fascinated America's great and good, from politicians to generals to captains of industry. Presidents Roosevelt (both), Truman, Eisenhower and Nixon were all keen players. Nixon was famously good: most of the funding for his first congressional run came from poker winnings. Poker was said to have inspired cold-war tacticians. It is still a useful military motif: recall the playing cards used to represent Saddam Hussein and his most-wanted cohorts. Poker financed a sizeable chunk of Microsoft's start-up costs. Bill Gates once said he learned more about business strategy at the baize than in classrooms - though these days he apparently prefers the more stately game of bridge.

Not all famous players have made such good role models. As he partied away the declining years of his career, Errol Flynn incurred some excruciating poker losses, including, on one particularly bad night, a Caribbean island he had hoped to develop into a holiday resort. John Wayne had some shockers too, though in one memorable game he won Lassie from the canine star's desperate owner.

Getting serious

What Nixon, Flynn and Wayne have made of poker today? They would surely have marvelled at the transformation of "the cheater's game" into a multi-billion-dollar industry, pumping out new millionaires almost daily. Even they might have been shocked at the latest season of "High Stakes Poker," a television series in which players buy into each game for $500, 000 apiece and the winner takes home more than $5m.

They might, perhaps, have been disappointed that the game had lost some of its backroom edginess. Miss Obrestad's generation are more likely to put their excess winnings into tax-free bonds than blow them betting on a single round of gold, as Mr Brunson and his Las Vegas pals used to do in their madder moments. Still, those hoping to win over poker's skeptics will find no better example than young Annette, 19. She is stern, sober and chillingly focused on her game. She appears to be exceptionally good at it too. Either that or amazingly lucky. (-- pgs. 33, 38)


Super System
A Course in Power Poker
Papberback
By poker legend Doyle Brunson




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PostPosted: Sun Jan 04, 2009 11:50 am    Post subject: Reply with quote

Real Simple
Magazine Subscription
How to Win...
by Liz Welch
At Poker
June, 2005




Quote:
It turns out Kenny Rogers gave solid advice: You have to know when to hold 'em, know when to fold 'em. You'd be smart, too, to bone, says Greg "Fossilman" Raymer, the 2004 World Series of Poker champion. "Study poker books the way you would college textbooks," he says. He recommends David Sklansky's The Theory of Poker (Two Plus Two Publishing, $30). To practise anteing up and folding without losing, go online, to noncash sites, like PartyPoker.com, says Kathy Liebert, the first woman to win $1 million in a single tournament. Watching televised games, like the World Series of Poker, she says, will give you a sense of when "professionals fold, bet, or bluff." Some people are bluffers; others only play good hands. And many give themselves away (their eyes light up at strong cards, for example), which explains why many pros, including Raymer, wear sunglasses. "They help conceal expressions," he says. (-- p. 42)

Quote:
The Theory of Poker
Paperback
By David Sklansky





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PostPosted: Sun Apr 26, 2009 1:58 pm    Post subject: Reply with quote

From the PokerPulse Gambler's Guide to Safe Bets, Prohibition 2.0:

New Yorker
Magazine Subscription
The Sporting Scene
What would Jesus bet?
A math whiz hones the optimal poker strategy
By Alec Wilkinson
March 30/09


Quote:
More of the story.





Quote:
To diagram certain game-theory problems, Von Neumann used hands of poker as examples. Fifty years later, it occurred to an amiable UCLA graduate student named Chris Ferguson to apply game-theory concepts to grand-master poker. Relying on them, he became known, in 2000, as the first person to win a prize of more than a million dollars in a poker tournament. ...

Ferguson moved out of his parents' house in California when he became really rich. (Nevada has no income tax.) He has won more than $7 million playing poker, and that's still less, apparently, than what he has earned as "something like chairman of the board" of Tiltware, which developed and licensed the software for FullTiltPoker.com, where people play poker, sometimes against Ferguson and other professionals, for money. In 2002, dissatisfied with the customer service of the online poker sites he visited, he saw the opportunity for a site "for the player, by the player, and of the player," and began writing software for it. FillTiltPoker.com began operations two years later. Ferguson and a dozen other pro players involved with the site are known as Team Full Tilt.

Initially, Full Tilt represented a novelty - other sites had pro players affiliated with them, but usually only one or two, and they weren't necessarily available to play hands with customers. "It grew about three per cent a week for the first year, and two per cent a week for the two years after, and suddenly you realize you're there," Ferguson said. According to H2 Gambling Capital, a gaming consultancy, the online poker business made $3.8 billion last year. The largest site is PokerStars.com, which is based on the Isle of Man. FullTiltPoker.com is the second largest, and one of the fastest growing. It has a sister site, FullTiltPoker.net, where only play money is used. Being rich, Ferguson said, makes his attention less acute, but his judgment more reliable. "Your judgment can be skewed if you're desperate," he said. ...

By remaining open after the Safe Port Act, Full Tilt and Ferguson "made the best bet in the history of poker," Steven Lipscomb, the head of the World Poker Tour, said. "They deserve a lot of credit for the courage to make a stand." He told me this somewhat grudgingly; his own company had been reluctant to risk entering the American online market, and after the passage of the Safe Port Act it had seen its shares all but collapse. Furthermore, Ferguson and six other players had sued the World Poker Tour in 2006; the case, an antitrust suit, was settled amicably in 2008. "Their site has been wildly successful, and they are richer beyond their wildest dreams of what they'd ever have got from poker," Lipscomb said. (-- pgs. 30-33)


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