Sunday, March 25, 2012

Las Vegas "Whales"

What Las Vegas jargon names "whales" is in fact the creme of the high rollers species. They are a handful of people that in some opinions don't exceed 500 individuals in the world. Las Vegas hoteliers are nuts about them; some claim four or five of those whales bet much more than the rest of the thousands customers they receive daily. No wonder they are suspected of going as far as selling their first born child to get one of those whales into their gaming area.
Five tips to recognise a whale

* the size of the bet: $50,000 is the low end; Australian tycoon Kerry Packer likes to play seven blackjack hands at one time; his top bet was $375,000;

* the line of credit: 4 to 5 million dollars for one weekend; a fortune for us ordinary earthlings, pocket money for a "whale";

* the treat: whales get all the freebies from the hotel they play: fine dining, luxury accommodations, private jet transportation, expensive gifts... often the US visa for the Asian high rollers;

* the escort: it usually includes bodyguards, beautiful gals and close friends; Las Vegas history saved for the record a legendary tale in which the Saudi Prince Adnan Khashoggi dropped for a bet at Stardust with an entourage of a dozen people;

* the generosity: whether they win or loose, everybody's happy as long as they play; "whales" don't spare tips & gifts.

While the "whales" number just a few hundreds in the world, the amounts they can afford to lose are purely impressive; that is why hoteliers pay specially trained staff for "whales hunting". The Asians form a big part of this exclusivist market, about 80 %. The bottom line is to keep them coming in, at the same rate, after nine eleven.

Unfortunately, Las Vegas seems to be experiencing a decrease in whale strands these days. One reason, that all hoteliers agree about, is they don't get as much privacy in Las Vegas casinos as they would normally get in other gaming destinations of the world. While hotel owners in Las Vegas await their VIP saloons approved, the "whales" gamble in Macau, Monaco or Australia.

Friday, March 2, 2012

How to Win Texas Hold'em

Texas Hold'em...minutes to learn, life time to master. One of the most important things that you need to do in order to win, is to be patient. Most people that are unsuccessful are the ones that like to play every hand and chase cards. Be selective on the hands you play and you will increase your odds greatly. Get an understanding of how the other players at the table are playing, loose....tight? This is important to know because the person playing loose is very hard to bet out of a hand and the players that are tight usually only play when they have a monster hand.

A few tips to remember. A loose player likes to bluff alot, one way to feel a loose player out is to raise his bet or check raise him and watch how they react. Remember mentally how they reacted in each betting round, so if it does come to the show down and you see their cards, you have just been given a great read on their style of play. A tight player generally only plays the "nuts" early on, but then they know you have a read on them and their style of play, so in the later rounds they try stealing the pot with a big bet. If you have a feeling they might be trying to steal the pot, again raise their bet. If a tight player is quick to call, more than likely they have a hand so fold. Otherwise with your raise, a tight player will put you on a higher hand, fold and wait until their hand comes along.

Watch how players are betting and remember that, so if it comes to a show down and cards are turned over, you'll get a good read on their betting style. What I mean here is; did they have a made hand or were they on a draw? Did they bet on the flop, turn and river, or slow play their hand? It's very important to learn how others play in order to win in the later rounds when the blinds are higher.

Playing Pocket Pairs. a couple things I suggest, if its early in a game wait to see a flop. The more players at the table, the riskier it is to go all-in. Wait until you see the flop and then if you pocket pair is higher than the board, bet aggressivly and see how others react. If over cards come out and someone bets big, do not be affraid to fold. Be cautious to what the board gives you, does it give other players an opportunity at a straight or flush? Several times I have had my Aces cracked going all in pre-flop. Later in the game and with less players, pocket pairs increase in strength, because you are not on a draw, unless someone else has a pocket pair that is higher than yours.

Bluffing, this is a big part of the game. Alot of players seem to be bluffing more (more so online). Here again, you need to get a feel on others playing styles in order to get a read on them to determine if it is a bluff or strong hand. All players bluff to win a pot, you have to. I think you need to bluff a win, maybe one an hour. If you are a player that doesn't get caught in bluffs early on, it makes it that much easier to bluff a win once the pot is larger in the later rounds. If you do get caught early and often, players are more than likely to call your bets and get tells that you may not know you have.

On TILT? Another important part of this game is to control your emotions. We all take bad beats or fold a winning hand, it's a part of the game, but if you get upset or go on tilt, you will not win! Stand up for a minute, sit out a hand, get your thoughts together, put it behind you and get re-focused.

Always remember to be patient and play solid hands. It's a marathon not a sprint. A Thought to play by; it's aways better to rake a small pot than to lose a big one.
 
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