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Harrington on Hold 'em Expert Strategy for No Limit Tournaments, Vol. 1: Strategic Play


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Harrington on Hold 'em: Expert Strategies for No Limit Tournaments, Vol. III--The Workbook (Harrington on Hold'em)


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Doyle Brunson's Super System II


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Phil Hellmuth Presents Read 'Em and Reap: A Career FBI Agent's Guide to Decoding Poker Tells


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Blackstone Group Buys Las Vegas Cosmopolitan

Deutsche Bank finally unloaded the Cosmopolitan resort in Las Vegas, their ill-acquired, under-producing stop on the Las Vegas Strip. The sales price was about .73 billion, slightly less than the bank's assessment of the properties long term debt, and less than half the bank's investment when it took over the 8.7-acre development from New York's Ian Bruce Eichner for .9 billion.

While analysts may hail the sale as a good sign for Vegas, the total loss for Deutsche Bank is substantial, and the property has yet to produce a profit, being run as a kitschy resort with a small casino that produces less revenue than the Food and Beverage department. That may change. New buyer Blackstone is actually one of the world's largest private equity firms, with real estate divisions that have invested in everything from La Quinta, to Hilton Hotels, to Busch Entertainment (Sea World Parks and Busch Garden Parks). It is unlikely they will continue to run the Cosmo strictly as a night club and restaurant draw. Instead, the 52-story tower with a 110,000-square-foot casino is likely to hire personnel with an eye towards making the resort's gaming more player friendly. We will see.

I've enjoyed the Cosmo, and the three-story chandelier is something to see, but the casino left me cold. The slots weren't what I was looking for, and I missed staying at a place with a poker room. Of course there's a nice one right next door at the Aria, but that takes 20-minutes to get to. As I suspect Blackstone already knows, it's not just the glitz and glamor, but the game mix that gets players (not just partiers) in the door. Harold's Club was the most famous casino in the US for years, and it wasn't fancy. By comparison to today's resorts it was a dump.

By the same token, you don't need 00 table games to attract players, you need the games they want. One of the most popular Asian games in the Pacific Rim is Xóc Dia, and players flock to play the game that consists of nothing more than a few painted tokens and a cup and a plate. Must be some correlation there! I've seen plenty of properties build up and make themselves resorts, forgetting their roots and catering instead to a group of visitors that want amenities, but not gaming. Then management looks back and asks what's happened to our revenue and says "Gee, our return on investment has dropped considerably." Big surprise.

Blackstone Group Buys Las Vegas Cosmopolitan originally appeared on About.com Casino Gambling on Saturday, May 17th, 2014 at 16:19:25.

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2014 World Series of Poker is Underway
Photo Courtesy (Nevada Casino History)

If you haven't heard the news, this year's World Series of Poker got underway on Tuesday, May 27th and will be going for the next month, running until July 7, when event number 65 (,000 No-Limit Hold'em Championship Event) takes the last entries. I already got bounced from my first event - the Tuesday casino and gaming-related (and media) tournament. There were 876 entries in the 0 buy-in tournament that lasted three days, and 4,200 up for grabs. Roland Reparejo bested the field and collected first prize of ,835. If you are wondering what winning the tournament took, the event was supposed to be two-days, starting at 12 pm Tuesday, but at 3am Thursday morning it was extended to a third day with Reparejo and second-place finisher Corey Emery (,037) battling heads-up.

When they resumed play at noon, Reparejo had .8 million in chips to Emery's 700k, and while they waited 9 hours to start again, it took just six hands at 20,000-40,000 blinds and a 5,000 ante for the play to end after Emery went all-in with J-8 suited and was quickly called by Reparejo with A_Q suited - an ace hit the flop, sealing the deal.

For those of you who didn't know it, there are amazing side-games running for the next five weeks, as well as satellites and non-WSOP deep-stack No-Limit Hold'em tournaments every day until the 14th of July. These are a little more conservative, at 3pm, 6pm and 10pm, and are just 5 to 5 to play. That's a great way to get your feet wet.

If you can't make it to the WSOP, you can always hit your local card room or even enjoy the many casino poker games that are based on the WSOP but house-banked instead of player against player. While Three-Card-Poker may still be the most popular, World Poker Tour is catching up as a favorite table game!

2014 World Series of Poker is Underway originally appeared on About.com Casino Gambling on Saturday, May 31st, 2014 at 16:23:01.

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Pai Gow Overlay on Giant 0,000 Progressive

A lot of poker players know what an overlay is - when a poker tournament guarantees a certain payout for winners and that payout is more than the total buy-in from all players (imagine ,000 in prize money and 10 players pay to play - creating a 0 overlay). Occasionally a progressive jackpot on a table game also gets high enough to actually offer an overlay, and this happened regularly when Caribbean Stud was more popular. Now just a few weeks back there were three jackpots at Pai Gow Poker that were overlays: one in Las Vegas, and two in Arizona. If I've got the jackpot payout information correct, when you play Pai Gow and are playing the progressive bet, the jackpot needs to be roughly 0,00 to be an even-money proposition.

Of course the odds of hitting it are slim, but gamblers love an overlay. At the Cannery in Vegas the jackpot grew to almost 0,000. At the Talking Stick Resort and linked Casino Arizona, the jackpot grew to almost 0,00 before a lucky player hit big. Now, the linked jackpot at Gila River casinos (Wild Horse Pass, Vee Quiva and Lone Butte) is over 0,000 - the highest Pai Gow progressive I can remember.

On the Pai Gow progressive, winning the big bucks comes for any 7-card straight flush, using the joker or not. Since the jackpot return is 2.21% for every ,000 offered, the current possible payout at Gila River (today: 3,277) is 54.3 x 2.21% and my math says playing the progressive is now a 120% return on your money. OMG!

Keep in mind that the odds are kind of way out there, but how often does a casino bet offer an overlay? This isn't a simple grind like the Paroli roulette system where you're trying to win a unit or two each string, this is a rare-hitting chance to score big. Just so you know the odds here, read on.

There are 32 ways to make a natural 7-card straight flush and 196 ways to make a 7-card straight flush with a joker. That means there are 228 ways to win the biggie out of the 154,143,080 possible combinations with 52 cards and a joker. If I've got this straight, you have one chance in 676,066. For a comparison, that's about 15x tougher than hitting a video poker royal flush. Ever hit a royal? Yeah? What did you win for a buck (maybe .25 on a quarter machine), ,000? Yup, that jackpot is 54x more for your money right now! Interesting.

Pai Gow Overlay on Giant 0,000 Progressive originally appeared on About.com Casino Gambling on Wednesday, May 14th, 2014 at 17:59:08.

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The Casino Mix

Fifty years ago, most casinos had their own branded slot machines and that gave the property a specific feel. Harrah's properties had all-silver Pace machines, the Nevada Club used all Jenning's machines, Harold's Club used Pace machines but they were all painted red. I remember the machines at Harvey's at Lake Tahoe and how each wheel bounced as it stopped on the line. Things changed with video machines.

When they first came out, Caesars had a Piper Cub hanging from the ceiling and you could win it if your video slot machine hit the jackpot. Pretty cool. I also remember the display kept flashing encouraging says like "Columbus took a chance." That was fun, even if I never won the Piper or learned to fly. Caesars Las Vegas had a really nice section of games, close to Cleopatra's barge, that were all Asian Games like Pai Gow Tiles and Sic Bo. I loved playing Sic Bo, it reminded me so much of carnival games I couldn't help myself.

Today, there isn't always that big a difference in the casino mix of slot machines. With Williams and Konami and IGT fighting for popularity with themed and tie-in games (think: Batman-Ferris Bueller-The Hangover), most casinos try to keep up with their competition and everyone winds up looking like their neighbors. That's too bad. I have noticed a big difference in the number of video poker games available in predominantly Indian Gaming states like Oklahoma and Arizona, where they have only 5-10% of their slots represented by poker. There are plenty of spots in Vegas where the mix is more like 20 percent. Why the disparity I wonder?

At least a few properties, like the Hard Rock, Margaritaville, and the Palms look a little different from everyone else. I know the Revel tried the same thing, but sometimes being different isn't enough I suppose. Anyway, who's got a vote for a really different look - and yes, I thought of The D in Downtown. What'cha got?

The Casino Mix originally appeared on About.com Casino Gambling on Monday, May 19th, 2014 at 18:30:16.

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The Lure of Los Angeles Gambling

In the 1930's, Los Angeles had dozens of illegal but heavily-frequented casinos, some of which were allowed by Vice-officers from the LA Police Department like Guy McAfee, known around town as "the Captain," and some were outright owned by McAfee. While his wife worked as a Hollywood madam, McAfee got rich, and the casinos and card rooms thrived. He was eventually thrown out of his job, and the state, but setting a precedent that lasted for decades, Las Vegas welcomed him.

What he left behind was a string of poker rooms that brought players from across the US, and towns like Gardena became synonymous with the game of poker. Eventually, all those big players from Texas and Oklahoma settled things by bringing their game of Texas Hold'em to Las Vegas, and Sin City's casinos added poker rooms at an unprecedented rate in the 1970's and '80's. Left in the dust, California's poker operators pressed the state's legislators for years, finally gaining new poker game legalization in the mid 1980's, which included Hold'em, Omaha, and plenty of newly invented games. Nothing's been the same since!

Not only are some of the clubs larger than any card room in Nevada (like the Commerce Club with more than 200 tables), but the games are lively, well-represented in all denominations, and going at all hours. And, if you don't want to play just standard poker, you can play dozens of other games like Super Pan 9 and California Blackjack to wile-away the hours. In addition, several casinos like the Commerce Club and the Bike have their own hotels. How can you resist?

Personally, I only get out to Southern California a couple times a year, but the games and especially the tournaments are terrific. And, you can always pack your spouse and even the kids and head there with the lure of Universal Studios, Disneyland, Magic Mountain, Hollywood, and I understand there are beaches, too. That's a month away for me, but it's getting close.

The Lure of Los Angeles Gambling originally appeared on About.com Casino Gambling on Tuesday, May 20th, 2014 at 22:16:12.

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