How To Beat Online Poker Algorithms

It is a well-known fact that online poker sites use algorithms to control the random generation of poker hands. That fact has caused many players to question the veracity and accuracy of true statistical odds in Texas holdem sites. However, there are ways to beat the poker algorithms as this article will reveal.

Some will question why does the worst hand win on online poker, especially after receiving a bad beat. However, the reality is not that the worst poker hand always wins, the truth is that the online-poker algorithms are designed to make a deterministic result according to normalized odds.

Poker Statistics

What that basically means is that the statistical norms for any poker hand must be maintained in order for the game to appear fair. For example in a 7 card game such as Texas Holdem (2 hole cards and 5 cards on the community board), there are a total of 133,784,560 possible combinations that can be made. (Although holdem only uses the best 5 cards, 7 cards are available to make up the best 5 card hand. Therefore, the statistical probabilities are derived from all 7 cards).

Of the 133,784,560 combinations, a flush will statistically be dealt out 4,047,644 times, (or 3.025494% of the time). Therefore, in order to appear random, the online poker algorithms will ensure that across all poker tables over time, a flush will certainly occur 3.025494% of the time. Notwithstanding the fact that the flush could actually occur 20 or 30 times consecutively at your poker table, as long as the long-term statistical odds are maintained.

Poker Bad Beats

For this reason, you may witness too many suckouts in online poker and even become a victim of a bad beat. The fact is that true randomness is unattainable in a computer generated game such as online-poker and additional poker algorithms were put in place to maintain an air of integrity and randomness. Although it is unfair that poker sites are using these poker codes to make the game appear fair and subsequently create a large number of bad beats, there is a solution that allows you to do something about it.

That solution is to learn how the online poker algorithms work and how you can potentially avoid a poker bad beat. As the poker site must maintain statistically normalized odds by using algorithms, you can use those same odds to prevent losing.

Math and Poker Algorithms

By taking a mathematical approach to the online poker game, you can beat the computer generated poker hands and ultimately become a much better player. The problem is in the poker algorithms and the solution is in knowing HOW they work.

Australian Gamblers’ Problem With Online Poker

A few months ago, Australia trifled with the thought of prohibiting poker sites, since addiction to this game was already giving rise to social and economic problems. The propaganda was spread by the media which has gone overboard to regard gaming activities to be too addicting. Some months ago the betting sites made public promotions at a cricketing venue and this, basically, instigated censure.

It was felt that the casino game played online had a negative impact on children and even adults were getting carried away with too much gambling. These reactions seemed expected after last year’s record of the over-all gambling population at any casino topped to 80%. Most of the public who played poker became addicted to such and similar activities. Gambling and online casinos have been mistakenly regarded by the media, says James Packer, who happens to be the son of the late media mogul named Kerry Packer.

The fact that casino game draws much revenue has made it difficult for the Australian government to do away with poker sites. The gaming sites are not only having a ball in the land down under but also drawing in much revenue that could top that of other industry.

Due to the application of the advanced gaming technology and software in casinos, more players are now on board, and this increased their taxes by multiple times.

Play safe and sound

There is a growing concern in Australia that is due to the increasing number of troublesome gamblers quite recently. Out of the total number of gamblers, approximately 15% are said to be problematic, says the productivity commission. A further 15% are known to be high risk and every year $12 billion is lost in the game of poker played mostly online. This number of players is enough to cause concern among general players.

Poker is addictive only if you let it control you and your life. Usually players gamble as if there is no tomorrow. Many become overzealous that they fail to realize they are actually losing more than winning. The best way to play poker is to play with no devilish impulsions.

Investing in Penny Stocks – How to Invest in Penny Stocks Profitably

Investing in penny stocks has its share of ups and downs, tips to be adopted for greater success and pitfalls to avoid. This isn’t gambling if you know what you’re doing. You need to think of it as increasing the value of your investment portfolio with smaller seed capital but with larger returns to compensate for the higher risks involved. 

The Upside

With these stocks, you can start investing and earning with as little as $100 to open your online account.  Indeed, you are well advised to start with a minimal capital investment while you are learning the ropes of the business.  It does not help your stock investment portfolio to put in more than you can afford to lose!

Another benefit of investing in penny stocks is that you can have huge profits out of small investments. Well, of course, you have to know the basics of the business before this happens but the potential is exciting. Also, you can avail of the services of online discount brokers for these investments. Unlike traditional stockbrokers, you can save on the high costs of sundry service fees and commissions with these discount brokers.  In effect, your bottom line will benefit. 

How To Invest Profitably

In order secure the most benefits out of investing in penny stocks, you can apply the following tips: 

  • Look for the stocks with the highest price-earnings ration but the lowest price-earnings-growth ratio. 
  • Stick to your entry and exit plans.  You must control your monetary greed even when it seems that the penny stock in consideration will rise in value after you have reached your profit limit – it often will not move in the way you predict or desire. 
  • Go with the market flow.  You cannot control the market and as such, it is futile to want to change it to suit your profit objectives. 
  • Make decisions based on reliable information coming from the thorough analysis of charts and other tools necessary for successful investing. Inside information and hot tips can be manipulative practices meant to deceive investors and, hence, rob them of their money. 

The bottom line is that these stocks operate in similar ways as their Big Board-listed stock counterparts.  Hence, you can apply your knowledge in mainstream stock trading to penny stock trading with a few revisions to account for the higher risks involved. 

The Risks

Speaking of risks, you must avoid the pitfalls that come with these investments. Keep in mind that these stocks can be very speculative and can be easily manipulated, which means that investors must maintain vigilance over their investments decisions.  One of the most notable pitfalls in trading these stocks is the provision of misleading financial statements to investors.  You have to double check with independent bodies like the Securities and Exchange Commission, when applicable. 

Investing in penny stocks is a good decision where your investment portfolio is concerned.  You can enjoy the benefits just as long as you adopt smart investment management and avoid the pitfalls.

The Myth of the Hot Sports Betting Handicapper

The most prevalent means of sports service marketing is some variant on the theme that so and so is “red hot” and you should therefore pay him your money and follow his plays. The crooked services do this by coming up with all sorts of confusing and contradictory rating systems and hyperbolic descriptions for their games. How many times have you heard a handicapper brag about being “16-2 on his 500 star MWC underdog plays of the month” or saying that his “Southern Conference total of the month is 60% lifetime”?

Basically, the bottom feeders of this industry can slice and dice their statistics all sorts of ways to make themselves seem “hot”. Or they can do what a lot of them do, and simply lie about their performance. When I was first starting out as a sports handicapper there was no such thing as the Internet (at least as it exists today) and I had to rely on a scorephone for line and score updates. This scorephone was sponsored by a group of touts not noted for their veracity, and you had to sit through a few pitches for their 900 numbers before you got to the scores. A bit of a Faustian bargain, to say the least, but it was an effective way of keeping up with scores in the pre-Internet dark ages.

So one night we’re at a party thrown by some kid that we didn’t like too much. My crew and I were racking our brains to think of some mean pranks to pull on the guy. Someone got the idea to rack up some 900# charges on our mark’s phone bill. Since there’s no such thing as 900# directory assistance, I resulted to the only 900# I could remember – one of the touts from the scorephone that had drilled his digits into my memory through the sheer force of repetition.

For the sake of argument, I decided to write down the tout’s NBA plays. I had less faith in his handicapping ability than I would in a prognostication based on a divining rod or Ouija Board, but since I wasn’t paying for the call I figured I’d just see how the guy did. I wrote down his plays and checked his performance the next morning.

To his credit, the tout went 5-3 on his 8 plays. By any criteria a 5-3 night is a solid performance. Later that day I called the scorephone and waited for the tout to start crowing about his 5-3 night. Much to my surprise, the tout didn’t say a word about his 5-3 night. That’s because he was too buy bragging about his mythical 7-1 performance the preceding day.

Now, I understand that the revelation that boiler room touts like about their performance is on par with “pro wrestling is fake” or “the games at the fair aren’t on the up-and-up” as self evident truths. The point I’m trying to make, however, is that the desire to be the “hot handicapper: is so great that the tout felt he had to embellish a solid performance the night before.

So despite the fact that some handicappers like about their performance, what’s wrong with trying to ride the hot handicapper? Plenty-it’s not only an ineffective way to evaluate a handicapper’s abilities, it also has a number of statistical and theoretical shortcomings.

The simplest way to explain what I’m talking about is to borrow a disclaimer that you’ll hear on every commercial for a mutual fund: “Past performance is no guarantee of future results”. The sports gambling milieu, like those of stocks, commodities and other financial instruments, is a marketplace and subject to a number of the same tendencies of other financial institutions (what economists call “market dynamics”).

The fact that a sports wager’s success or failure is dependent to a degree on the “whims” of a marketplace (of odds and pointspreads) and to a greater degree on other external events outside of the bettor’s control exacerbates what is already a matter of simple logic: what a handicapper does over a period of time (be it a day, week, month or season) has no intrinsic correlation between a handicapper’s performance one year and the next. In other words, the sports gambling marketplace and the random patterns of events that act upon them don’t care if I hit 60% last year. If I don’t do my work, crunch the numbers, get good prices to bet into, and catch a few breaks along the way I may end up beaten regardless of how well I performed in a subsequent period of time.

Chasing Flush Draws in Online Poker

What do you do when your opponent is chasing a flush draw? Conventional wisdom says that you simply do not give him the proper odds to make the call. In other words, If you make a big that is big enough relative to the pot size and what it would take for him to call, he ‘cannot’ call because he is not getting good enough odds on his money. For example, he has a 1:4 chance of hitting his flush but is only getting 2:1 on his money. He should fold. But he won’t.

As part of the online phenomenon, not only do you have about a billion players player NL Hold’em who only have a cursory knowledge of the game, you have about a billion players who will chase ANY flush draw at ANY time, no matter the cost. That’s a great thing right? Those of us who understand pot odds, etc can really take advantage of these players, right?

The answer is yes, sometimes, but no at other times. How many times have you had Aces up only to be flushed out on the River? How many times has your set been beaten when you couldn’t shake a player on a flush draw? If you play a lot of online poker, the answer to this question is probably a lot. So, if you are up against flush chasers, I suggest a different strategy for most online games, particularly lower level games.

First, you need to become adept at identifying flush chasers. Watch for them, make bets that allow you to see the pattern in how they react. When you bet the pot on the flop and there are 2 suited cards on board, do they call? If so, probably a flush chaser. After that call, do they call a significant Turn bet? If so, probably a flush chaser. A real player will raise in one of these 2 situations, a flush chaser just wants to see another card. How about when the 3rd suited card hits the River and the action is to them? Most of the time flush chasers get so excited when their flush hits on the River that they bet and bet big. Very seldom do you find a player who is disciplined enough to check after he chased down a flush with improper odds.

So, what do you do with these guys? You can’t drive them out. If they hit on the Turn or River they will take your chip stack if you over bet. (I am talking primarily tournament play for this example) What you need to do is control the pot. I know that sounds like you are pricing them in. And you are. What this strategy really depends on is whether or not you got a proper read on the player as a flush chaser. Maybe you saw him call off all his chips on a flush draw on a previous hand. If so, you know he will do the same to you.

Instead of risking all your chips and your tournament life, limit the pot you are playing for. Sure, you won’t score as big when he misses his flush, but you limit your loss when the lucky SOB hits it on the River. Again, this is an online strategy and one that you will not use all the time, but in lower limit games, it can keep you in a tournament and keep you from throwing your computer out the window.