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Stu Ungar: Welcome to the Hall of Fame - Part II

Stu Ungar is a poker legend. His record in no-limit hold’em championship events is by far the best in history. He will be inducted into the Poker Hall of Fame posthumously on May 14 at Binion’s Horseshoe in Las Vegas, and he deserves this honor.
Ungar’s talent was extraordinary, and he had more “heart” than anyone […]

Playing on the Come

What should you do when you flop a draw? Should you always just call and try to take off cards cheaply? Should you sometimes raise to get a free card on the expensive street? Playing a come hand properly depends upon many factors, one of the most important of which is the strength of your […]

Big Brother (the IRS) is Watching

The Internal Revenue Code is unkind to winners - and it doesn’t much like losers, either. The federal government taxes gambling winnings at the highest rates allowed, and so do the many states and even cities that impose income taxes on their residents. If you make enough money in a high-tax state like California or […]

Financing: Debt vs. Equity

Many top players, especially tournament players, have backers, and depending on their skill level, cut different deals. One arrangement is that the backer puts up all the money and takes all the losses, and in return receives half of the player’s winnings. That’s a great deal for the player, it seems - no risk and […]

Shorts Weather

It is now shorts weather in Las Vegas, which means that the World Series of Poker is about to begin. Inasmuch as it is a new fiscal year in the poker community, I decided to make some goals. I set a monetary goal, a body weight goal, and a mental goal to get me ready […]

The World Series of Poker and the Seniors World Championship of Poker

Last year at about this time I told you about The Bad Boys, a Las Vegas song written years ago. “Bad boys, bad boys, whatcha gonna do when they come for you?” was its lead-in verse. In the song, anything that began with the initials B.B. stood for “Bad Boys” - Benny Binion, Bobby Baldwin, […]

You Want a Game That Will Electrify Your Cardroom? Here, You Can Have It!

Editor’s note: Mike Caro is generally regarded as being today’s foremost authority on poker strategy, psychology, and statistics. In his books, videos, and seminars, his unique method of communication has earned him the title “Mad Genius of Poker,” or “America’s Mad Genius.” He is the founder of Mike Caro University of Poker, Gaming, and Life […]

The One-Card Draw

From the title of this column, you would think I was talking about taking one card in lowball, or possibly draw high. But, in fact, there is also a “one-card draw” in hold’em. I am referring to the situation in which there are three parts to a straight on the board and you have a […]

Poker players training

Most athletes train for months or years for their moment in the spotlight - and so do poker players. Many of us play countless hours for the chance of someday winning a big event that can possibly change our lives. We learn that there is a right way and a wrong way of playing. The […]

Discussion about reading opponents at the tabl

Last issue, we began a brief discussion about reading opponents at the table. Who are they, and what are their motives for being in a game in the first place? The player who is in a game to have fun will be your best friend in the long run, as he is the player from […]

Psychology of Tournament Play

Playing in a poker tournament has some clear differences in psychology from the typical money game setting. I think it is profitable to talk about those differences, both to avoid certain pitfalls yourself and take advantage of weaknesses in others. The importance of the mental side of tournament play is not to be discounted.
When I […]

Getting Lucky at Lowball

I got lucky three times in a recent lowball session. Each illustrates a poker precept. I cite the first here.
This occurred in the $20-limit game I haunt. Bets are Northern California’s single-limit style, but the principles apply to any game.
On my left sat Oscar, a very straightforward player. Oscar usually plays in a fashion that […]

Stick to the Point - Any Point

I admire Andy Glazer immensely. He is a gentleman and a gifted, polished writer. I like the way he throws in a lot of great quotes in his stories, although I’m not sure if that’s because he’s cultured or just looks them up in Bartlett’s Quotations like I do. In any event, his tournament write-ups […]

Federal vs. State Governments

Internet gambling is exposing inherent weaknesses in some of the world’s largest governments; they are conflicts that cannot ever be completely resolved.
In the old days (around 1996), it appeared that the “Great Divide” was between the large countries in the Northern Hemisphere and everyone else. The United States Congress was considering bills that would have […]

Tax News

We subscribe to numerous tax newsletters distributed on the Internet. Most are produced by the IRS, but others are produced by nonprofit organizations that represent taxpayers or those who prepare taxes. We often use these newsletters as source material for our articles in order to keep you up to date with the latest developments in […]

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