Overview

Introduction

Texas Hold'em is a relatively new member of the poker family. But it is the variation that has been the most popular around the world in the last years. The unofficial world championship of poker is contested in no limit Texas Hold'em – a game sometimes called the Cadillac of poker.

The Game

In Texas Hold'em you get two hole cards, cards that the other players cannot see. Then five cards are dealt face up on the board, successively. They are community cards that all players can use to put together a five card poker hand.

To form the best possible hand, you can use either both your hole cards together with three of the community cards on the board, or one hole card with four community cards, or simply all five community cards.

The player who can put together the highest poker hand wins the pot.

Blinds

Texas Hold'em is played with blinds. Before the cards are dealt, the first two players to the left of the dealer post a small and a big blind respectively to create a starting pot.

The deal

When the blinds have been posted, each player is dealt two cards face down, the hole cards.

Then the first betting round takes place, starting with the player to the left of the big blind.

The flop

When the first betting round is finished, three cards are dealt face up on the table. They are called "the flop".

Then the second betting round takes place, starting with the first player to the left of the dealer who is still in the hand.

The turn (fourth street)

After the second betting round, the fourth community card is dealt. It is called the turn.

The third betting round takes place, starting with the first player to the left of the dealer who is still in the hand.

The river (fifth street)

The fifth and last community card is called the river. Now the hand is concluded by the fourth and last betting round, again starting with the first player to the left of the dealer who is still in the hand.

If more than one player remains in the hand after the betting, there is a showdown.

Game Advice For Texas Hold'em

• Play good starting hands - Do not enter the betting with any two cards! With ten players around the table, someone will have a better starting hand most of the time. When you enter the game with the second best hand, your opponent is a favorite to win the pot.
• The importance of position - In Texas Hold'em, your position remains the same throughout the entire hand. A player that acts after you will act after you all the way to the river. This is a great disadvantage for you. As a rule, play only very strong hands in early position. On the other hand, when you are in a late position, the advantage is yours to exploit.

Tournaments

Introduction

An increasingly popular way to play poker is in tournaments. In a poker tournament, all players start with an equal amount of chips, and then the game goes on until all players have lost all their chips. Except one – the winner.

Your ranking in the tournament

Your finishing place in the tournament is decided by the number of players that are left when you lose your last chip. If five players remain, you finish sixth, and so on.

Division of the prize pool

Usually in poker tournaments, the winner does not take it all. Instead, the prize pool is divided among the best placed players, who all finish in the money. But the winner gets a large piece of the cake, so winning a tournament is still nice. Very nice, actually.

Increasing blinds and antes

To make sure that the tournament reaches its end within a reasonable time, the blinds or antes are increased in fixed intervals. This way, if you do not manage to make your chip stack grow, you will find the blinds or antes very costly after a while.

Types of Tournaments

Poker tournaments come in different varieties. Often, ten people sit down around a table to play a tournament. Other tournaments gather hundreds or even thousands of players. But you may also play a tournament against just one opponent!

Sit and Go tournaments

A sit-and-go tournament (S&G) begins as soon as enough players have joined in. Usually, an S&G consists of nine or ten players around a single table, but there are also S&Gs for two or three tables.

Multi-table tournaments

A multi-table tournament (MTT) starts at a preset point of time. It may be open to hundreds or even thousands of players.

Heads-up tournaments

In a heads-up tournament, two players sit down with an equal amount of chips and play until one of them has all the chips. The blinds or antes are increased during the tournament.

Satellites

A satellite is a tournament where the first prize is not a cash payout, but a seat to another tournament. The idea is that you can enter an expensive tournament by winning a tournament that is not as expensive.

For example, if ten players sit down and play a $10 tournament, the winner could win a seat to a $100 tournament.

In large satellites, there may be several seats up for grabs.

Rebuys and add-ons

The particular thing about tournaments is that you cannot reach into your wallet and buy more chips, as in a normal cash game. When you are out of chips, you are out of the tournament.

However, some tournaments actually allow you to buy more chips – make a rebuy – but only during the so called rebuy period at the beginning of the tournament. Depending on the rules of the specific tournament, you may make a limited or unlimited number of rebuys. When the rebuy period ends, you may make a last rebuy, called an add-on.

After the rebuy period, the tournament will go on as a normal tournament, with players busting out as they lose their last chips.

The rebuys and add-ons are added to the prize pool.

A tournament with no rebuys or add-ons is called a freezeout.

Game Advice For Tournaments

• Avoiding close calls - In a cash game, if you get all your chips into the pot with a hand that is just a small favorite, you will be a winner in the long run, even though you may lose a pot once in a while. But in a tournament, if you lose one such close situation, you are out of the tournament. This is why you may want to be a bit more patient in tournaments, and wait for stronger hands. On the other hand, your opponents will be more cautious too, something that you may take advantage of.
• Playing on the bubble – 'The bubble' is the highest finishing place not being paid. If the ten best places are paid, place eleven is 'the bubble'. Being the highest placed player not getting any money is somehow the worst possible result in a tournament. You have invested a lot of time, without getting any reward.

Therefore, play on the bubble may be quite different. If you have a small stack of chips, why would you put it at risk when you can get into the money by just waiting for another player to lose. If, on the other hand, you have a lot of chips and the small stacks are waiting for each other to lose, you may pick up some uncontested pots.

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