In today's ever expanding world of poker popularity learning how to host a Texas Holdem Tournament is both valuable and rewarding. Read on to find out how now.
Learning how to host a Texas Holdem Tournament at home is akin to learning how to catch your own fish or grow your own vege's. You will be able to continually feed yourself forever no matter what external events dictate. Texas Holdem players love to play in tournaments as opposed to normal cash games and that's why it's valuable to be able to run a tournament whenever you feel like.
Practicing your tournament skills around the kitchen table - or in old-mate Dave's rumpus room - will help you feel more comfortable for when you play in a tournament online or in a casino. You'll get a better understanding of how tournament strategy is different to normal ring game strategy and more specifically, how the rising blinds and ante's affect your overall game.
How To Host A Texas Holdem Tournament In 10 Easy Steps
I'm not going to waste time talking about the extreme basics. You will of course need a few decks of cards, poker chips, tables, chairs and participants. Further to that:
1) Make the entry fee appropriate and easily affordable.
The night should be fun, entertaining and easily affordable. No one likes have to pay too much for anything. Make the tournament about the cost of a fair dinner or the same as going to the movies - like $20. If you have contact with keen players who like the idea of a bigger kitty move it up to a maximum of $50.
2) Set a starting time and stick to it.
Its important to have a set starting time and actually start the tournament at that time. Communicate how important it is that everyone is there on time and late arrivals won't be allowed to join in.
3) Randomly draw seat assignments.
No one gets to sit where they please or next to someone they choose. Use face down cards to decide who sits where. I.e. If there are ten players, pull out cards Ace-Ten, shuffle them and deal them, and the card number a players gets dictates their seat number.
4) Start everyone with an equal amount of chips.
Everyone gets the same amount of chips at the start and the tournament runs until one player has all of those chips. If a player loses all their chips they are out of the tournament.
5) When someone's out, they are out.
Have something for them to do! This can be another table where they can play cards (like Texas Holdem), backgammon, watch TV or DVD's etc. Don't forget to keep the snack table nicely stocked and the drinks fridge too.
6) When you have more then one table, keep them as balanced as possible.
As players bust out and vacate their seats some tables will have fewer players then others. To move a player from one table to another, take the player who is in the big blind of the table with the most players at it and move him to the most favourable seat of the other table. The most favourable seat will be the one that is the farthest from the big blind at that time.
7) You can have a set time limit where rebuys are allowed.
But be sure to set the rules around this. I.e. Only one rebuy per player and the rebuy must be within 20mins of starting the tournament. Outline the cost of the rebuy, the amount of chips the players gets, etc. and have these rules set before the start of the tournament!
8) Pay the top three places.
50% for 1st. 30% for 2nd. 20% for 3rd. Let everyone know at the start of the tournament what the payout structure will be.
9) Set the structure of the tournament.
Set the levels, the times between levels, the amounts of the blinds and antes all before starting the tournament. Be sure to have the levels clearly shown and have a clock clearly visible. Time flies in tournaments so its better to have an alarm or someone who isn't playing to keep any eye on the clock.
10) Remember Texas Holdem is all about fun.
Don't forget to have fun. Hosting a Texas Holdem Tournament can be a little bit stressful at times (especially if you are playing as well) so remember the real reason you're doing it - to have fun.
So there you have it. It's easier to host a Texas Holdem tournament then you think. The hard part is actually winning the tournament so you can rake in all the cash.
Horse handicappers throughout the years have professed that money management is the key to successful handicapping. I believe this to be 100% accurate nothing could be more truthful. If you don't currently have a money management system the only thing you are handicapping is yourself. There comes a time when you have tell yourself "I have to develop a money management system."
The best part with using a horse racing money management system is that you actually don't have to develop one yourself. At absolutely no cost to yourself here is one that has been used for years by professional horse racing handicappers. I use it myself and its truly amazing!! You can test different methods without losing much money and if its working your profits will soar.
This Money Management Program is Unbelievable
There has been a ton of research on different money management strategies and the findings show this to be very profitable in horse racing.
A.) The majority of one's capital must be allocated to win betting.
B.) Handicappers 샌즈카지노 should be more when they are winning and less when they are losing.
C.) Progressive methods and due-column methods, which require heavier bets after losses until next win bet are ruinous.
D.) The most useful way to evaluate a money management strategy is to submit it to a risk- benefit analysis. The most effective methods minimizing risk while they maximize gain.
The base bet recommended for this money management program starts is $2
This is simply based on BB(Base bet)+ SR(square root of profits)
Using this a handicappers every bet to win is equal to $2 plus the square root of any profits that have accumulated if no profits have accumulated, the bettor's bet remains $2 which is the minimum risk at most tracks. As your profits do grow the bettor finds the amount to be added to $2 by referring to a simple square root table which is below. This method is a low risk to trying different handicapping methods and you can grow your bankroll quickly with the profits. This is something EVERY handicapper should put into place if serious about making money. it's a systematic method for money management and gives one discipline with finances and relieves one of having anxieties that usually result from an unsystematic money management. The $2 base bet of BB + SR assures handicappers that betting is minimal risk.
Here is a small four race sequence in which the first horse lost and the next 3 did win the race to represent this program in practice:
P/L is if this continued for 10 races at this current ratio of win/losses
Base Bet S.R. Total Bet Payoff P/L P/Lx10
#1 $2.00 X $2.00 Loss -$2.00 -$20.00
#2 $2.00 X $2.00 $15.20 $15.20 $112.00
#3 $2.00 $3.00 $5.00 $4.40 $17.20 $172.00
#4 $2.00 $6.00 $4.00 $5.00 $26.20 $262.00
The square root table is listed below.
On Profit Add
$0-2 $1
$3-6 $2
$7-12 $3
$12-20 $4
$21-30 $5
$31-42 $6
$43-56 $7
$57-72 $8
$73-90 $9
$91-110 $10
$111-132 $11
$133-156 $12
$157-181 $13
$182-208 $14
$209-239 $15
$240-271 $16
$272-305 $17
$306-341 $18
$342-379 $19
Very simply follow this money management program it works. Here are some quick tips being wise with your money.
Never bring more to the track than you plan on wagering.This could be detrimental to your strategy as you begin to make bets that you normally would not because you have an extra $20 or $2000 in your pocket. Use your discipline. I suggest bringing the same amount of money with you each time you go to the track so you form a habit. It should be something you can afford and be comfortable with. Some days you can't cash a ticket to save your life and some days you cannot lose. This coincides with the 10 commandments tomorrow is another day.
If your behind don't panic and start playing 50 to 1 shots to get it all back you are just digging a hole deeper. Actually with the Ultimate Handicapper it reveals a dynamite strategy for capitalizing on the 1000's that do this. Don't be one of them.
I will finish with one last point here some will differ from my opinion but feel its easier to handicap one race and find the one likely to come in second than pick two consecutive winners in a row.