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Posts Tagged ‘draw’

New Las Vegas Show Hopes to Draw Big

Friday, August 13th, 2010

It’s no secret that Las Vegas casinos have been suffering with lowered revenues since the recession. Not only is the recession’s long-lasting affect holding on, but more and more gambling options are coming into the market. These additional options are making it difficult for Las Vegas to hold on to its current market and its reigning dominance over the gambling industry. There was a time when gambling was synonymous with Las Vegas. The city built itself up on its huge reputation for overwhelming gambling and entertainment, along with big-name stars and package deals too good to pass up. Though the casinos in Las Vegas are still offering the deals, they aren’t as popular as they once were to people who have a wide range of less pricey options for wagering.

This is becoming a huge problem in the gambling market- oversaturation. Gambling has proven to be a strong draw in terms of revenue. It has brought in billions of dollars worldwide and has a draw that is not slowing down. Because of this more and more companies have been opening offering premiere gambling services to the market. They know that if they come up with a great package, they are going to find a good selection of gamblers who want in on their deals. Though Las Vegas has suffered financially since the recession, it still is working hard to bring back its former popularity. One of the ways is to continue building packages that people can’t turn down. The Strip’s Hollywood Resort and Casino has come up with a great one for the masses. Now it is called the “Peepshow.” It is being promoted as a hot time on the strip for anyone who wants dinner and show fun. The normal package costs $288 and that includes a Strip House signature steak dinner, a Caesar salad, and a fantastic dessert for the hungry to partake in. Then comes the fun of a live show and that is where the Peepshow comes in. This is where participants are privy to an exclusive cabaret like show that comes along with a complimentary beverage for all ticket holders. This is just one example of the specials that Las Vegas is coming up with to help spur the economy again.

Getting into a Good Game of Draw

Saturday, March 27th, 2010

If you are looking for a good game of draw, here are some tips. First, you start with 5 cards and attempt to make the worst poker hand you can find. For example straights and flushes count against you and Aces are high. The nuts therefore is 7-5-4-3-2, known as ‘Number 1’ or sometimes ‘a wheel’. This is followed by 7-6-4-3-2, 7-6-5-3-2, 7-6-5-4-2, 8-5-4-3-2 and so on. Next, the table can hold up to 7 players. Each player receives five cards and there is a round of betting, after which the players involved can discard any number of their five cards in exchange for new ones. It is very rare for anyone to discard more than two cards. If you start with a made hand you can ‘stand pat’ and not discard anything.

Next, once you discard a second round begins. This is similar to after the river card in Hold’em, with players being either forced to show their hand or winning the pot without showdown. Now you put in to place some pre-draw strategy. As a general rule, you don’t want to be drawing more than one card in 2-7 NL. Drawing two cards to something like 2-3-7-x-x isn’t great because you won’t make your draw often enough for it to be profitable, and when you do your hand is very transparent and unlikely to get paid if you raise after the river. Four to ten is a great place to begin. An important rule to remember is that any pat Jack is the favorite over any one-card draw while any pat Queen is a favorite over a two-card draw. At the same time, one-card draws versus each other are usually pretty close. For example, if you hold T-6-4-4-2 and dump the four against a Q-8-5-3-2 which discards the Queen, you’re only a 44% underdog. Any position can make a major play. Similar to Hold’em it is better to play tighter out of position. With position, you’re able to stand pat with rough Jacks and even Queens if your enemy is drawing. Crucially, 2-7 NL is also an incredibly high variance game, as the edges between many of the one-card draws are barely past coin flip territory so you should expect swings akin to PLO. This is a great game but like all the others takes some time to get used to. If you are a serious gamer, then get into the practice mode and focus on learning, rather than winning at the beginning.