Poker as a real money card game is gradually reaching a global audience and more importantly, being accepted as a game of skill in India. Today, the concepts of poker have culturally weaved their way into various industries from technology (machine learning, artificial intelligence) to psychology to recruitment processes to even the suited wealth managers on wall street!
On a closer take, real money poker lessons are indispensable for developing thought processes required to trade and make investment decisions in the stock market and vice versa. A real money poker game or investing in the stock market is said to be that well-rounded curriculum everyone needs to have a fundamental understanding of to make better decisions in life. Let’s take a look at these valuable concepts and how they can be applied across all walks of life.
The millennial generation is all about instant gratification, long gone is the mother of all virtues, patience. This is precisely the skill you need to practice to be rewarded both in live and online poker games and the stock market.
Poker: Let’s say you are in a blind position (no antes), as a real money poker player you need not risk your chips and enjoy the luxury of waiting in positions like these. You should be holding a premium hand like a big suited pair or high connecting cards like AK or AQ to be putting in those chips. Being patient and waiting for a better hand and better position always bear fruits.
The Market: Don’t ever be in a hurry to invest. In Warren Buffet’s words “The stock market is designed to transfer money from the active to the patient”. You want to be making decisions with the right ‘margin of safety’ than the ‘margin of being hasty’.
Advice is always free-flowing and can be misleading, especially in situations where a herd mentality thrives. It’s important to know your skill set, your resources and limitations to make the right choices.
Poker: In a game of poker, it’s important to choose a fitting tournament that’s suited to reward you. Be aware of your skill set and choose a real money poker game that will favour you at the stakes that you play. If you think a game of Texas Hold’em is your strong suit, avoid the Omaha games till you develop an appetite for it. Be sure to have a relative advantage in the game you choose to play.
The Market: Do not ever invest blindly! Investment advice always comes by the dozen, but most of it may not be ideal for you. Take time out to read up on the companies/funds you are investing before going all-in.
Poker: Let’s say you are running great with some premium hands in an online poker game and making great decisions, however, you ought to be careful to wager small enough to survive short-term losses in order to emerge successful in the long run.
The Market: Cushioning your downswings in the stock important are probably more important than the reward. A loss of 25% requires a 33% return to break even, a number to keep in mind when calculating if the short risk is worth the long term reward.
We all constantly ask ourselves, “small single rewards or one big home run”. As poker players or investors, you are at crossroads more often than you’d please. There is no definite solution for this one, only being mindful of the scenario/game can help make better decisions.
Poker: A small pot could mean that the table is playing tight and only premium hands. Big pots are indicative that everyone is trying to hit a home run. Be aware of certain specifics such as -your hole cards, position, the story you’ve told with your wager and the opponents on the table to decide if you wish to go for the kill or inch your way up for it.
The Market: Take time out to understand your aptitude for the market. Should you be investing smaller amounts, trade more actively over a short period of time OR larger sums, longer holds over a longer period of time? Be aware of the market context and your abilities to straddle between the two.
No matter the number of years of experience or your success rate, going on a negative spiral because you let your emotions get the better of you is a downward slope for both real money poker players and investors.
Poker: If an opponent has given you a bad beat or you are simply on the edge personally, you will be forced to make bad decisions and spiral emotionally out of control into a poker ‘tilt’. Keep those emotions in check and the moment you feel them affecting your logical reasoning, we suggest you call it a day.
The Market: Let’s say it’s a bad day for the markets and a chunk of your portfolio has remained in red. Don’t be eager to make up the same the very same day (if you actively trade) or hold onto the thought (if you trade long term). A weak state of mind, especially with real money involved can cause irreplaceable losses.
Poker: With real money poker getting competitive, players are aware that they need to better their skills in order to survive. Any gap in your game can be exploited by your opponent and therefore, it is important to take time out to study your past hands. Repeating the same mistakes can be costly!
The Market: Goes without saying that studying your past decisions, the performance history of the fund/company, the market etc only equip you to make better risk vs reward decisions.
Take a decent bite at these thoughts and value your stakes right. All the best!
An athlete of any sport knows the importance of a warm-up routine. Be it a physical or mental sport, a warm-up is an essential activity of every athlete. Today, we look at ways to introduce a poker warm up routine into your lifestyle and stay mentally fit for a long grind of the gruelling skill based mind game of poker.
First things first, you got to be sleeping right folks! There’s no ignoring this elephant in the poker room; a good night’s sleep is what we need, not puffy eyes camouflaged by our sunglasses. Get yourself those eight hours of baby sleep no matter what, after all the sport does test your mental stamina. So, it’s important to rest your grey cells.
A poker warm up routine should ideally begin with an activity that helps rejuvenate your mental state. A long day of poker games can cause fatigue and emotional stress that will reflect on the felts naturally. So, make sure you try and get in some meditation for at least 10 minutes a day or any other activity that helps you bust some stress. Meditation is considered to be calming for the mind, something you need to take down that multi-tabling tournament night!
We can’t say it enough, but you are what you eat! Binging on those chips and soda is not going to help the cause. Eating a healthy balanced meal and importantly on time is all it takes to nail that game. Time your meals according to your poker tournaments and watch the difference. If you’d like to step it up a notch, let’s turn to the one and only Daniel Negreanu a.k.a. Kid Poker who is a dedicated vegan. While the animal cruelty was the key changing factor, the diet he follows certainly played an important role in his poker games.
There’s no escaping this one, we all know it. A great session at the local gym, a quick jog or a game of tennis will certainly help elevate your mental state and help you focus better in the next game. The fact is successful poker players are not just winning right but they are living right! Your body is meant to move, so don’t be sitting in the danger zone for too long.
As professional poker players in India, it’s important to be constantly evolving, learning new poker strategy, fixing gaps in your game and analysing your player notes to keep up with the game every single day. With more and more players learning the game, things only get tougher and needs to stick to a poker warm up routine at all costs. So, take some time out everyday to revise a tad bit of what you studied, maybe do a light read, or go through your hand history and take notes.
It’s important to treat work as work if you are playing it professionally. Professional poker players have designated playing areas that include a great desk, an ergonomically spectacular chair, their handy laptops, screens for all that multi tabling and a good pair of headphones for some bass! If you happen to lack this, take time out to clean and carve out a dedicated space for the love of poker. If you already have one, ensure it’s not cluttered and add that to your poker warm-up routine.
A game of poker is all about paying attention. You can’t be ordering food…. (Ahaha, caught you, eat before you start your game), catching up with friends, have the TV chatting in the backdrop or entertaining a livid better half while figuring out your pot odds! Keep away all your distractions so that a WhatsApp ping doesn’t get you tilting! Let’s keep that focus spade sharp.
Now that you are all zoned-in for a great game, good luck boys. Let’s ship it!
The growth of the Indian online gaming industry is proliferating at breakneck speed. Thanks to the amazing internet gaming ecosystem, the smartphone revolution, rise of entrepreneurs and direct foreign investment that have blended well to create a proud 250 million gamers* in India in 2019! The fun fact is 50 million* of these registered players are said to earn real money through skill-based money earning games.
Let’s keep this simple from the word go. The online gaming industry is divided into three segments, namely:
The age old debate of chance vs skill games propelled India to form specific laws in order to differentiate between the two so as to regulate monetary offerings in online gaming. In this regard, games of skill such as poker and rummy have been favoured by Indian laws as they depend principally on the knowledge, training and experience of the player.
Sadly, there’s a hint of sourness. The Indian states of Assam, Telangana, Orissa and Gujarat exempt all money earning games of chance and skill altogether. You could still play free poker!
The good news is that the exploding growth in money earning games in India inspired operators to introduce websites and mobile apps that pay you real money on skill games on the go any given time!
Poker, an exciting skill game that belongs to the RMG family, has turned out to be one of the most popular real money games that’s dominating India in this era. Let’s explore what skill set is required in order to earn real money online with poker today.
Game Definition: A card game in which a player bets that the value of his or her hand is greater than that of the opponents’ hand by forming valid combinations and sequences.
To Know More About The Game Visit: A Beginner’s Guide to a Game of Poker
So, the final question boils down to-
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On winning a game, the amount will then be deposited into the linked bank account.
Remember since it is a game of skill, these skills will have to pay tax bills. And, that’s what makes the portal legit too!
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The amount you take home in money earning games of skill like poker truly depends on your skill level and selecting the right game. However, there’s a simple way of gauging for yourself, it’s called the win rate.
Ideal Win Rate in Poker
Win rate in poker is calculated as BB (big blind)/100 which is effectively Big Blinds per 100 hands. So for example, let’s say you manage 100 hands in a day, and clock 10 days a month and you’ve made Rs.25000 playing 10/20, you may calculate your win rate as (total winnings*100/number of days*total number of hands*big blind i.e. 25000*100/10*100*20) which in this case would be 12.5%.
Now that’s an incredible win rate to be enjoying as a poker player! However, if you have just begun playing poker to earn real money, you should initially concentrate on targeting a win-rate anything above 0 to stay on the profitable end.
Now that you know the amazing stakes involved in poker, take note of these pointers and use your free time wisely to earn real money real quick while seated in a cab or on the metro ride back home.
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*Data source: An evolving landscape of sports gaming in India – A report by KPMG and IFSG, March 2019
Beating someone at money poker games whether live or online, always feels great but there’s a special feeling that you can only get by crushing your friends at a weekly home game. Now, it might take years to work your way up to being a pro at real money poker but it will only take a few minutes to learn how to beat your friends at the felts and go home with their money no matter what kind of player they are.
Today, we will spread some wise words of wisdom to those of you who have been outsmarted by that friend of yours and even friends of your friends. Many a times, the table is filled with unexpected guests who are looking to flaunt their skills in front of others and prove their worth by winning all your real money.
The question is, “How to beat such a fluid variety of poker players in one single table?” We tell you how today.
In the meanwhile, you may play online poker games and earn money for free and cash by participating in awesome tournaments on our app before your next home game comes around.
For starters, no matter which poker player you are up against anywhere in the world, chances are you are going to run against a certain kind of poker players every time you hit the felts. From an ultra-newbie who is still wondering whether a flush beats a full house to the wanna-be poker pro lot who can’t wait to flaunt it all and win all the real money, we have categorized them under 5 kinds.
And we are going to beat them all!
It’s quite easy to spot an ultra beginner at the table compared to the rest. Do they stack neat or leave their chips lying carelessly around? If they are pretty casual about their chip stack and you hear questions like, “What are the chip denominations again?” bingo, you found your guy!
Generally, beginners care less and have little idea on what’s cooking at the table and to come across questions like ‘what beats what’ are clear signs that you are playing an ultra-new comer who is far off from winning at real money poker.
Ultra newbies tend to bet on every street regardless of their cards just for the sake of playing hands and maybe win some free poker money. When playing a newcomer, avoid bluffing them and try hitting a top pair or better and then value bet them hard to get the chips.
Beginners are still learning the ropes through a couple of home games or watching few poker videos on the internet. They haven’t really worked out a poker game strategy and more than often, tend not to care beyond the strength of their own cards. They will show strength when they have a strong hand and weakness without one. It’s that simple.
The ideal strategy to beat this kind and win all their real money is to steamroll them with constant aggression. Beginners usually leave chips at the table during pre-flop and fold often after the flop. However, remember if they respond to your aggression, it’s a clear sign that they have a strong hand.
The intermediate players have been playing money poker for at least a couple players and like to spend some free time learning poker strategies, so it’s not uncommon to hear some nerdy poker terms during real money home games. These lot are mostly the tight-aggressive kind and that means, they fold often when they have a weak hand.
The best strategy to win more real money against such poker players is to force them to fold more often. If they get back at you still, chances are high they have a pretty good hand and you should fold if you don’t have one. When you got a monster hand, value bet as hard as you can.
It’s easy as pie to spot a real money poker pro. Chances are he is wearing a hoodie, a pair of shades and maybe even headphones! Someone who often shuffles poker chips in his hands, it is quite likely that he is the best player on the table but then, he has his weaknesses too.
Such real money poker pros often like to think they can play anybody on the table. They love to pile up the big bucks on every chance they get which also means they suck at losing, right? So, how to pin them down?
When you got a great hand, apply reverse psychology and offer them the chance to bluff and put in the money by playing passively on your end.
Yes, you might come across this lot more often than you would like to. These guys have locked in three poker terms for good, bad or worse -“Bet” “Raise” and “All In” on all sorts of real money poker games. They are drawn to action ever more than winning.
Ergo, playing against the reckless kind is pretty painless actually. Simply wait patiently for a strong hand to come around. Such real money poker players are looking to earn free poker money through all sorts of bluffing and will always do the calling and raising for you. Capitalize on that.
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A poker game belongs to the family of card games and is played with a complete card deck of 52 cards. Its game play involves knowing poker hands and their rankings and effectively utilizing poker strategies to outwit your opponents. Here’s a look at some poker FAQ’s on every beginner’s mind.
While the history and the etymology of ‘Poker’ continues to be debated, the most common theory suggests the word to be a probable modification of the French word ‘poque’, a card game similar to a poker game.
Poker is defined as a card game in which a player wagers the value of his or her hand against that of his or her opponent and the player holding the highest hand at the end of the round wins.
The winner of each poker hand is the one that holds the highest ranked hand in combination with the community cards when all cards are shown at the end of the hand or the player that makes the last uncalled bet, thus winning without needing to reach a showdown.
Poker hands and sequences may sound difficult as a beginner, but once you know whether a flush beats a straight and what makes a full house, there’s nothing stopping you!
*Hands represented in descending order of strength
A poker game typically begins with the dealer dealing a set of cards to each player. On distribution, players have their hole cards, and the community or shared cards are dealt after the game begins.
A poker game typically features a forced initial token amount known as the big blind and small blind that compromise the starting pot in any given hand of poker. This acts as an incentive for players to win the hand. All further wager actions during the following rounds get added to the pot, increasing its value.
Once the cards have been dealt, each player can usually take on of the following actions when it is their turn to act, moving clockwise around the table:
To Check – Is to indicate that you do not wish to put any further chips into the pot.
When? Usually in the Big Blind (pre flop), or on any street where a player does not face a wager (post flop).
What happens next? Action then moves to the person on the left (clockwise), without an inflation in the pot size.
To Bet – This means you put additional chips into the pot, thereby increasing the size of the pot. This also indicates the strength of one’s hand.
When? This action can occur either when a player isn’t facing any wager in front of him/her, or when there is a wager in front of him/her and wishes to increase that amount.
What happens next? Other players have to match the amount put forth if they wish to continue in the hand.
To Fold – Is an action that occurs when you do not wish to continue in the current poker hand, and is indicated by giving up your cards
When? While facing a Raise/Wager. This usually happens when a player has a better hand, or makes you believe that he/she does.
What happens next? The game continues amongst the remaining players and you are no longer part of the current hand.
To Call – Is to equal the going amount in the current hand of a poker game.
When? When a player wishes to equal the wager placed by an opponent.
What happens next? Once a call is made, action continues to the next player/next street.
To Raise – Is to increase the size of an existing wager made by an opponent by placing more chips into the pot.
When? When facing a wager from an opponent. This could either be done to get more value for a hand (if it is a strong one) or to put pressure on an opponent and get them to fold a stronger hand (bluff).
What happens next? This revised amount now becomes the going amount in that hand, and opponents would need to either match that amount (call) or increase it (raise) if they wish to continue in the hand.
A round of poker usually involves 4 different streets where players may place wagers. These are:
Pre-flop – This is the first round of a poker game where players can place wagers based on the strength of their poker hand (their two hole cards) and before any of the community cards are opened on the board.
The flop – This next round of action begins after the table has seen the first three community cards, also known as the flop.
The turn – The round of action that occurs after the fourth community card is dealt.
The river – The action that occurs once the table has seen the fifth and final community card of a poker game.
In each round of a poker game, the round continues until every player has matched the previous wager or folded (if no new wagers are made, the round completes itself when every player has checked). Only when a round completes and all wagers match does the next round begin.
Note: It is not necessary for all five community cards to be dealt in any poker game. If a bet remains unmatched at the end of the current round, the remaining community cards need not be dealt.
Once the last wager has been matched in the final round of betting, the last and final step is the showdown! All the remaining players on the table show their hands face up and the player with the highest hand ranking (best five card combination) wins the pot.
Where to Play a Poker Game?
A game of poker can be played both live and online. While the Indian laws have certainly limited the number of live games in most corners of India, online poker games are available in shiploads. If you are keen on witnessing a live game of poker, visit the exclusive PokerBaazi Live Room aboard the Casino Pride II in Goa, Panjim.
Want to try your hand at online poker games today? Check out India’s Most trusted poker platform, PokerBaazi.com. Sceptical about putting some real money? Try their freeroll tournaments, practice your basics and you can well be their next END BOSS winner!