Frank and King introduce online gambling legislation

It’s time to regulate gambling on the Internet rather than outlaw it, says Rep. Barney Frank, the chairman of the House Financial Services Committee.

Reps. Barney Frank (D-Mass.) and Peter King (R-N.Y.) introduced legislation Wednesday that, if passed, would create regulatory framework for online gambling in the United States, and that is sure to please poker players. But the opposition is formidable and includes conservative groups that view gambling as exploiting the vulnerable, particularly the poor.

Internet gambling in the United States should be controlled by a strict federal licensing and regulatory framework to protect underage and otherwise vulnerable individuals, to ensure the games are fair, to address the concerns of law enforcement, and to enforce any limitations on the activity established by the states and Indian tribes,” the 48-page bill reads.

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The semi bluff

Bluffing is one of the most sensitive issues in poker. The reason why it’s so sensitive is that while it’s wildly popular, few players can get it right. Blind bluffs are among the most frequent beginner mistakes, and for most players they remain a problematic issue well after they can no longer be considered rookies.

There are two basic types of bluffs: the pure bluff and the semi-bluff. The pure bluff is about players firing out a bet in the hope of making all their opponents fold. A pure bluff only offers the bluffer one way to win the pot: by making everyone fold.

A semi-bluff on the other hand, offers the protagonist two ways to win. He can either take the pot down by making the other players fold, or he can hit his draw to take down a huge pot if his bluff gets called.

Here’s an example of a semi-bluff: you hit a four–card flush on the flop, and you bet into your opponents, attempting to push them out of the pot. If they fold, your semi-bluff is successful. If they call, you still stand a pretty good chance to hit your flush on the turn or the river and to make the best hand, in which case your opponents will lose a great deal of money.

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Free card

The free card is a community card you do not have to pay (call a bet) to see. The free card is a double edged sword: on one hand, you’d like to be given as many free cards as possible on your drawing hands, on the other you do not want to give your opponents any of these free cards.

The free card is the beginner poker player’s biggest enemy. One of the most frequent mistakes beginners make is that they play too many starting hands and that they take their drawing hands way too far.

Now then, while doing this, they offer their opponents countless free cards, while their more experienced foes never give them a break, especially if they realize they’re faced with a clueless rookie. What this results in is that the rookie will throw away a bunch of money chasing his draws, and he won’t be able to cash in on the good hands that he makes.

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Is online gambling coming in from the cold?

What will happen to online gambling during this year? The general picture is still not fully clear, but the biggest potential change would be probably in the United States, where, perhaps within days, Representative Barney Frank, Democrat of Massachusetts, is expected to introduce legislation aimed at overturning the Unlawful Internet Gambling Enforcement Act.

An overall view of the situation is explained in a recent article on New York Times “A New Chance for Online Gambling in the U.S.“. Here is a quick exerpt and a link:

“When the U.S. Congress cracked down on Internet betting in 2006, the big, publicly traded European companies that had dominated the business closed up shop in the United States. Growth in the booming industry shifted away from these companies, once the darlings of the stock market, to private operators in offshore locations like Antigua and the Isle of Man.”

http://www.nytimes.com/2009/04/27/technology/internet/27iht-gamble.html?_r=1&ref=globalhome&pagewanted=all

A little story about value bet bluffing…

By Shawn Rice

I’d like to talk to you about something that came up the other night while playing live poker.

A player named Cody and I get involved in a pot. We are playing NL Holdem cash game; I raised to $60 from mid position with 9c 9h. Cody completes from the big blind for $40 more the flop comes Jc Tc 6h. Cody checks, I bet $90 into a $130 pot Cody calls. The turn card is 3d. Cody checks again and I decide to play the player whom I have played many hours with here. I check the turn because the pot is now $310 and Cody has $650 in front of him and I know if bet the turn and get called or raised I must have the worst hand here and drawing to only 2 outs. I hate to give free cards here because any card from a 7 to an Ace or a clubs is a bad card for me. But I also know by checking Cody will 100% bet the river no matter what comes on 5th street. The river was the 2d and I was a little surprised when he went all in on the river betting $650 into a $310 pot. My first instinct was to call because why would he bet so much into a $310 pot?

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