Best Way To Distribute Poker Chips

Online casinos, also known as virtual casinos or Internet casinos, are online versions of traditional ('brick and mortar') casinos. Online casinos enable gamblers to play and wager on casino games through the Internet. It is a prolific form of online gambling.

Online casinos generally offer odds and payback percentages that are a bit higher than land-based casinos.[citation needed] Some online casinos claim higher payback percentages for slot machine games, and some publish payout percentage audits on their websites. Assuming that the online casino is using an appropriately programmed random number generator, table games like blackjack have an established house edge. The payout percentage for these games are established by the rules of the game.

Bonus hunting (also known as bonus bagging or bonus whoring) is a type of advantage gambling where turning a profit from casino, sportsbook and poker room bonus situations is mathematically possible. For example, the house edge in blackjack is roughly 0.5%.

  1. If you plan on using your chip set for a variety of games, including games like blackjack or craps, you may want some additional colors as well to handle the diversity. T1000 Tournament – 41 chips per player. 20 – Red; 16 – Green; 5 – Black; Plus, have some purple chips around for re-buys and color-ups. T10000 Tournament – 46 chips.
  2. Of course, different chip makers have different packaging materials with varying combinations of polymers. And just as brands are constantly looking for new ways to improve the product, improving the packaging is also a never-ending process. Meanwhile all of this — the food and the packaging — is strictly regulated by the federal government.
  3. When choosing chip denominations, simple is better. Don’t use all five colors in your chip set just because you can. If you’re setting up a standard $.50/$1 game, then two colors are all you need. One to represent $.50 and the other to represent $5 chips - That’s it.

Many online casinos rent or buy their software from companies like CryptoLogic Inc (now Amaya), International Game Technology, Microgaming, Playtech, Golden Race and Realtime Gaming.

Types

Online casinos are broadly divided into two categories based on the software they use: web-based and download-only casinos. Traditionally, online casinos would include only one of the two platforms. However, with advanced technological changes, an online casino can now accommodate both.

Web-based

Web-based online casinos (also known as flash or no-download casinos) are websites where users may play casino games without downloading software to their local computer. Games are mainly represented in the browser plugins Macromedia Flash, Macromedia Shockwave, or Java and require browser support for these plugins. Besides the plugins and browser, a stable internet connection is required to have a seamless gaming experience as all graphics, sounds, and animations are loaded through the web via the plugin. Some online casinos also allow gameplay through a HTML interface.

Apple devices such as iPod, iPad, and iPhone cannot play Flash games as the technology is not supported. To access the no download casinos using the iOS platform, you'll have to download browsers such as Google Chrome, Firefox, or Opera Mini.

Download-based

Download-based online casinos require the download of the software client in order to play and wager on the casino games offered. The online casino software connects to the casino service provider and handles contact without browser support. Download-based online casinos generally run faster than web-based online casinos since the graphics and sound programs are cached by the software client, rather than having to be loaded from the Internet. On the other hand, the initial download and installation of the casino's software take time. As with any download from the Internet, the risk of the program containing malware exists, which makes it less popular among skeptical casino players.

Games

Virtual

Also known as software-based online casino games, the outcome of these games is determined using a pseudorandom number generator (PRNG) software. This software ensures that every deal of the card, the outcome of a dice throw, or the results produced by the spinning of a slot machine or roulette wheel is totally random and unpredictable. PRNGs use a set of mathematical instructions known as an algorithm to generate a long stream of numbers that give the impression of true randomness. While this is not the same as true random number generation (computers are incapable of this without an external input source), it provides results that satisfy all but the most stringent requirements for true randomness.

When implemented correctly, a PRNG algorithm such as the Mersenne Twister will ensure that the games are both fair and unpredictable. However, usually, the player has to trust that the software has not been rigged to increase the house edge, as its inner workings are invisible to the user. Properly regulated online casinos are audited externally by independent regulators to ensure that their win percentages are in line with the stated odds, and this can provide a degree of assurance to the player that the games are fair, assuming the player trusts the regulator.

Live dealer

Live dealer casino games are the complete opposite of software-based games. Instead of depending on software to determine the outcome of the roulette spin, dice throw, or deal of a card, these games depend on real-time results. This is possible as the games are streamed in real-time from a land-based casino or a studio recreated to mimic a land-based casino.

To ensure that players have an easy time playing these games and that the land-based environment is fully recreated, software developers include innovative features such as the chat feature. This enables the player to type your message to the dealer and they can respond back verbally. The live chat feature can also be used to communicate with other players seated at the table following a set of rules laid down by the casino.

The results of the physical transactions by the dealer, such as the outcome of the roulette wheel spin or the dealing of cards, are translated into data that can be utilized by the software by means of optical character recognition (OCR) technology. This enables the player to interact with the game in much the same way as they would with a virtual casino game, except for the fact that the results are determined by real-life actions rather than automated processes.

These games are a lot more expensive for websites to host than virtual games, as they involve a heavier investment in technology and staffing. A live casino studio typically employs one or more cameramen, several croupiers running the various games, an information technology manager to ensure that any technical hitches are dealt with swiftly, and a pit boss that acts as an adjudicator in case of disputes between players and croupiers.

In most cases, this requires at least a three-room setup, comprising a live studio, a server/software room, and an analyst’s room. The configuration of these rooms varies from casino to casino, with some having several gaming tables in one room, and some having a single table in each room.

The high running costs involved with operating live dealer games is the reason why online casinos only tend to offer a handful of the most popular games in this format, such as roulette, blackjack, sic bo, and baccarat. In comparison, the running costs associated with virtual games are very low, and it is not uncommon for online casinos to offer hundreds of different virtual casino games to players on their site.

Online casinos vary in their approach to the hosting of live games, with some providing live games via their own television channel, and others offering the games exclusively via their website. In the case of televised games, players can often use their mobile phone or television remote controls to place bets instead of doing so via a computer connected to the internet. The most common live dealer games offered at online casinos are baccarat, blackjack, and roulette.

Examples

A typical selection of gambling games offered at an online casino might include:

Bonuses

Many online casinos offer sign-up bonuses to new players making their first deposit, and often on subsequent play as well. These bonuses are a form of marketing that may incur a cost (potentially justifiable in order to attract a new player who may return and deposit many more times), since the casino is essentially giving away money in return for a commitment from the player to wager a certain minimum amount before they are allowed to withdraw. Since all casino games have a house edge, the wagering requirements ensure that the player cannot simply walk away with the casino's money immediately after claiming the bonus. These wagering requirements are commonly set to be sufficiently high that the player has a negative expectation, exactly as if they had deposited and not claimed a bonus.

Casinos may choose to restrict certain games from fulfilling the wagering requirements, either to restrict players from playing low-edge games or to restrict 'risk-free' play (betting for instance both red and black on roulette), thereby completing the wagering requirement with a guaranteed profit after the bonus is taken into account.

Welcome

The Welcome bonus is a deposit match bonus on the first deposit ever made in the casino or casino group. Welcome bonuses sometimes come in packages and may be given to match the first two or three deposits (First Deposit Welcome Bonus, Second Deposit Welcome Bonus, etc.). They can also be tied to specific games, such as the Welcome Slots Bonus or the Welcome Table Games Bonus. The casino may also offer Welcome bonuses for high rollers who make an initial deposit above the standard amount limit.

Referral

There are two types of Referral bonuses: one for the Referee and one for the Referrer. The Referee gets a bonus when he or she registers an account at the casino and mentions the Referrer. The Referrer gets a bonus when the Referee completes all the requirements, such as making the deposit and wagering it a certain number of times.

Cashback or insurance

Cashback or Insurance bonuses are offered as a percentage of all losses in the player’s previous gaming activity. Typically, only deposits that were not matched with bonuses count towards this bonus. You can additionally find websites that offer casino cashback payments based on your losses encountered while playing with one or more online casinos. Those types of cashback deals are usually paid back to players by the casino portal that offers those special cashback offers.

No-deposit

The most popular form of bonus is one that can be claimed without the need to deposit any of the player's own money - known as a no deposit bonus. These bonuses are used as acquisition tools by casinos wishing to attract new players. No deposit bonuses don't always take the form of real cash, as exemplified below.

Non-cashable

Non-cashable bonuses may be called 'sticky' or 'phantom' bonuses. In both cases, the bonus forms a part of the player's balance, but cannot be cashed out. The difference between cash-able and phantom bonuses comes at cashout time. A phantom bonus is deducted from the player's balance at the moment he places his withdrawal request. For example: if you deposited $100, received $100, played, and finished the wagering at $150. If the bonus is sticky, the player will be able to withdraw just $50. If the bonus is cash-able, then the whole balance is available for withdrawal.

Comp points

Comps are commonly available at land-based casinos, but also exist online. Comp points can usually be exchanged for cash, prizes, or other comps. The amount of cash given per wager is usually very small and often varies with game selection. A casino might offer three comp points for each $10 wagered on slots and one comp point for each $10 wagered on blackjack. The casino might give $1 for each 100 comp points. This example is equivalent to returning 0.3% of wagers on slots and 0.1% of wagers on blackjack. In addition, online casinos may offer comps such as free tickets to online tournaments, free slots online, tickets to other special events, extra bonuses, souvenirs, and payback.

Hunting

How To Distribute Poker Chips 3 Players

Bonus hunting (also known as bonus bagging or bonus whoring) is a type of advantage gambling where turning a profit from casino, sportsbook and poker room bonus situations is mathematically possible. For example, the house edge in blackjack is roughly 0.5%. If a player is offered a $100 cashable bonus requiring $5000 in wagering on blackjack with a house edge of 0.5%, the expected loss is $25. Therefore, the player has an expected gain of $75 after claiming the $100 bonus.

Disputes

A large portion of online casino disputes relates to bonuses. Casinos may label players who win using bonuses as 'bonus abusers.' Both players and casinos may commit fraud. An example of player fraud is creating multiple accounts and using the accounts to claim a sign-up bonus several times. An example of casino fraud is changing terms of a bonus after a player has completed the wagering requirements, then requiring the player to meet the new bonus terms.[citation needed]

Fraudulent operator behaviour

Fraudulent behavior on the part of online casinos has been documented, almost exclusively by player advocacy websites and forums. The most commonly reported behavior is a refusal to pay withdrawals to legitimate winners. An online casino with multiple confirmed cases of fraudulent behavior is often called a rogue casino by the online casino player community.

Many casino gambling portals and player forums maintain blacklists of rogue casinos. While some carry more authority than others, all blacklists constitute individual webmaster and player opinions rather than an official list from any type of regulating body.

Often, casinos use buffer sites that offer free play of their casino games but in reality use different means of deceptive strategies to redirect or lure the visitors into signing up to their services via appealing bonus offers or exclusive reward programs. The majority of these deceptive 'free' sites lead to equally deceptive casinos.

Since almost all existing online casinos offer free play of their casino games, recognizing whether a casino is deceptive based on whether they offer free gameplay is no longer viable.

Legality

Online gambling legislation often has loopholes that result from the rapid development of the technology underpinning the development of the industry. Some countries, including Belgium, Canada, Finland, and Sweden have state gambling monopolies and do not grant licenses to foreign casino operators. According to their law, operators licensed on the territory of these countries can only be considered legal. At the same time, they can't prosecute foreign casino operators and only block their sites. Players in these countries can't be punished and can gamble at any site they can access.

Australia

The Australian Interactive Gambling Act 2001 (IGA)[1] criminalizes the supply of online casino games by an operator anywhere in the world to persons located in Australia. It only targets operators of online gambling sites, resulting in the curious situation that it is not illegal for a player in Australia to access and gamble at an online casino. No operator has even been charged with an offense under the IGA and many online casinos accept Australian customers.[2] In June 2016, the South Australian Government became the first state or territory in the world to introduce a 15% Place Of Consumption Tax (POCT) modeled on the 2014 UK POCT.[3]

Belgium

The Belgian Gaming Act[4] went into effect in January 2011 and allows online gambling, but only under very strict conditions and surveillance.[5]

Canada

Best Way To Distribute Poker Chips Using

The Canadian criminal code states that only provincial governments and charitable organizations licensed by provincial governments may operate a casino in Canada. It also prohibits residents from participating in any lottery scheme, the game of chance, or gambling activity not licensed or operated by a provincial government.[6] In 2010, the British Columbia Lottery Corporation launched Canada’s first legal online casino, PlayNow, which is available to residents of British Columbia. The province of Quebec also operates a legal online casino through Loto-Québec.

Despite this legislation, the Kahnawake First Nation in Quebec has taken the position that it is a sovereign nation, able to enact its own gambling legislation, and has licensed and hosted nearly 350 gambling websites, without ever being prosecuted.[7]

Germany

A German state contract about gambling (German: Glücksspielstaatsvertrag [de]) between all 16 German states was ratified in 2008 and has been adopted in 2012. It regulates restrictive handling of online-gambling, including a basic state monopoly on public gambling with limited exceptions for a few commercial providers. Online gambling, and other forms of public gambling, against these regulations is illegal in Germany. The state contract, its implementation in contrast to the more lenient EU legislation, and possible further changes have been controversially discussed in the public, politics, and courts.

United Kingdom

In the United Kingdom, the Gambling Bill that was passed into law in 2005 tends to all matters of online gambling, permitting online betting sites to have a Remote Gambling Licence in order to offer online betting to UK citizens. In 2014, the UK government put into law the Gambling Act of 2014 which in addition to the original 2005 law, required offshore online gambling operators catering to UK players to obtain a UK license. The new regulation required operators to pay a 15% Place of Consumption Tax (POCT), something that triggered an exodus of sorts of some operators from the British Isles. However, this exodus did not last long in most cases as the benefits outweighed the stumbling blocks, due to the UK being a major market for online gambling.[citation needed]

In 2019 the United Kingdom Gambling Commission (UKGC) announced a series of new measures that apply to online and mobile casinos to reduce underage gambling with the aim of increasing fairness and transparency.[8] The new measures will require casinos to have users verify their identity and age in order to gamble.[9]

United States

In the United States, the legality of online gambling is debated and can vary from state to state. The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) limits the ability of banks and payment processors to transact with internet gambling sites that are unlawful under any federal or state law. However, it does not define the legality or otherwise of an internet-based gambling site. It was commonly assumed that the Federal Wire Act prohibited all forms of online gambling. However, in December 2011, the United States Department of Justice released a statement clarifying that the Wire Act applied only to sports betting sites and not to online casinos, poker, or lottery sites,[10][11] leaving the definition of legality up to individual states. Certain states such as Nevada, Delaware, and New Jersey have started the process of legalizing and regulating online gambling and it is expected that regulation will continue on a state by state basis.

See also

Notes

  1. ^Interactive Gambling Act 1998 - Australia
  2. ^Cowie, Tom. 'Last Bets: around the world in online casinos — first stop, Gibraltar'. Crikey.
  3. ^SA to become a most expensive place in the world to wage a bet, betting agency says
  4. ^Gaming Act
  5. ^Platteau, Koen (23 October 2012). 'Online gambling is taking off in Belgium'. Olswang LLP. Archived from the original on 7 November 2012.
  6. ^'The Criminal Code of Canada (s.206 and s.207)'. Retrieved 9 April 2014.
  7. ^Crowne, Emir; Roy, Sanjay (May 2010). 'Maintaining Provincial Monopolies: The Legality of Online Gambling Sites in Canada'. Canadian Gaming Lawyer Magazine. Vol. 3 no. 1. SSRN1611862.
  8. ^Miller, George (2019-02-11). 'UKGC: New rules to make online gambling in Britain fairer and safer'.
  9. ^'New rules to make online gambling in Britain fairer and safer'. www.gamblingcommission.gov.uk. Retrieved 2019-03-07.
  10. ^Vardi, Nathan. 'Department Of Justice Flip-Flops On Internet Gambling'. Forbes.
  11. ^Dunstan, Roger (March 1997). 'II. History of Gambling in the United States II-1'. Gambling in California. California State Library. Archived from the original on 2017-01-18.

External links

Chips
  • Online Casinos at Curlie
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How to run a NL Texas Holdem Poker Tournament

Poker tournaments are the most popular form of home poker games. Here, I will teach you everything about Poker Tournament Structure, various poker tournament styles, and more.

If you haven’t decided whether you should host a poker tournament or poker cash game read the Cash vs. Tournament Poker page.

Home Poker Tournament Setup

To run a poker tournament you should pay attention to many different factors. Following are most important notes to learn.

Sign Up

Before the tournament starts, every player must sign up and pay the entry fee. It’s best to write down the name of players and mark their names off as they pay.

When each player signs up, you should tell him his random assigned seat too. (refer to the Seating Players section)

Chips Distribution

Before the tournament starts, every player must have poker chips. Since every player will have exact same amount of chips, it doesn’t make much difference as what that amount is. That is because it’s the same for everyone.

The most common starting chips amounts are 100, 1000, 2500, and 10000. This amount can be given in any denominations. However it is good to choose the denominations wisely.

I personally prefer to give 1000 starting chips in my house games. You can give 5 black chips (worth $100 each), 15 green chips(worth $25 each), 25 red chips (worth $5 each).

Any color can be given any value. However certain colors are known to be used for certain values. Almost all casinos follow this color convention as it makes it easier for players to remember the values without any numbers written on the chips. Following is a list of the most common chips colors and their values as well as sample chart for starting chip distribution.

I didn’t suggest “Blue” chips in the above example, because most people don’t have blue chips in their chip cases. However if you have them, you can use them. They are worth 50.

Buy In – Rebuy

Buy In: is the entry fee that every player must pay in the begriming of the tournament in order to be able to play.

Rebuy: happens when players are allowed to buy chips once they loose their chips.

Different buy-in amounts can affect the tournament. Rebuys also affect the tournament in different ways depending on how it is used. These concepts are all covered in the Buy-in / Rebuy page.

Seating Players

To insure a fair poker tournament players should be seated randomly. This can be accomplished different ways such as using marked cards, numbers and more. Seating & moving players page explains the most common methods and how to use them.

Blind Period/Structure

To ensure that the tournament ends in a reasonable time blinds rise every certain number of minutes. For example starting blind might be $10/$20, but after half an hour it will go up to $20/$40. Two factors affect blinds: 1- Blind structure, and 2- Blind Period.

Blind Structure: is the structure that blinds go up based on. Typically the first big blind should be 1/50 of the starting chips amount. Blinds usually double after each blind period. Deeper explanation of this topic can be found in the Tournament Blind Structure page.

Blind Period: This is the time period that blinds are raised at the end of. For example if the blind period is one hour, it means that after each hour through the game blinds should go up based on the blind structure.

Moving Players

In your poker tournament there will be times that players need to be moved from one table to another. Such times arrive when players bust out of the tournament and the tables don’t have the same number of players seating at them. If table A has two, or more players more than table B, a random player has to move from table A to table B.

Check out the Seating & moving players page for more info.

Tournament Payout

Payout: is the prize paid out to the winning player/players at the end of the poker tournament. A payout structure should be decided before the game begins. The payout structure is mainly decided based on the number of entrants.

The Payout Structure page covers this topic in full and includes a table with the most common payout structures.

Final Tips:

  • The best form of tournament to use in House Poker Tournaments is rebuy tournament with one or unlimited rebuys.
  • You can always hold two smaller/shorter tournaments than two long ones. That would suit a house game better as players don’t have to sit out for a long time and watch other play.
  • Use the Tournament Director software. It will make your life much easier.

There are many different forms of poker tournaments. The most common form is the Freezeout tournaments. That is the form of WSOP and most of the tournaments shown on TV. In this form (as you read below), once a player loses his chips, he is out of the tournament. This might not be the most preferred method for a friendly home poker tournament. Read on to find out why.

Freezeout

In a Freezeout tournament, players are eliminated once they loose all their chips. There are no second chances. once hosting a freeze-out tournament you should try to make all tables with approximately same number of seated players players. Refer to the seating/moving players page for instruction to achieve that.

Freezeout tournaments are the most popular home poker tourneys. However you should consider Rebuy tournaments as well as they have great advantages for house games. That is because players can rebuy certain number of times. Therefore once they lose their chips they still have a second chance and don’t have to sit out and wait for everyone else to lose (perhaps for a new tournament to start.

Rebuy

As the name states, a rebuy tournament allows player to rebuy chips. Rebuy happens when a player looses his all of his chips or has less than a certain amount of chips left. In such a case the player can buy chips again (if rebuy is allowed). Refer to the Buy-In/Rebuy page for more info.

How to distribute poker chips

In a rebuy tournament:

  • The rebuy period has to be limited and specified before the game. For example players might be able to rebuy during the first hour or the first 3 blinds and such.
  • Players might be allowed to rebuy if they haven’t lost all their chips but have considerably low amount of chips left. For example if everyone started with 1000 chips and the player has less than 100 or 50 chips.
  • A rebuy tournament can allow unlimited rebuys during the rebuy period or a limited number of rebuys for each player.

Shootout

Shootout tournaments style can be used in multi table tournaments. In a shootout tournament, every table plays until it is down to one player. Then all the players from different tables advance to the final table and compete for the prize.

In a shootout tournament usually all the players who make it to the final table win a prize. This prize can range from the buy-in amount and up.

Free Roll

Freeroll tournaments are free to enter. However, almost all of them have prizes. These tournaments are most common in online poker websites.

Most of the online poker websites offer weekly/daily freerolls, free rolls for the new members, and free rolls for members with certain number of points.

Recently there has also been a rise in free poker tournaments at local bars to attract customers on slow nights.

Guaranteed Payout/Prize

Guaranteed payout tournaments have guaranteed payouts (if it needed explanation). For example the tournament might have a $109 buy in but guarantees $50,000 prize pool. Therefore, even if there are 250 people playing (meaning $25000 real cash paid for entrance) the prize pool is $50,000. As you might guess, this doesn’t happen very often.

Guaranteed prize pool tournaments are mostly held at online poker websites. While they look very tempting, they mostly end up having more players than what was guaranteed. However, you can find tournaments that doesn’t fill up in less popular online poker rooms.

For example in a $50,000 guaranteed, $109 buy in(the $9 is the tournament fee) tournament there are usually over 500 players. This makes the tournament no different than if it did not have a guaranteed prize.

Heads Up

Heads up tournaments are held between two players at a time. Following are the instruction to host a heads up poker tournament:

  • Certain number of players sign up for the tournament.
  • Players are divided in groups of 2.
  • Heads up games are held between each group of two players.
  • The winner advances to a higher level where he paired up with another winner. This continues until the tournament is down to two final players. They play against each other and the winner is determined.

Satellite

Satellite tournaments offer seats to higher level tournaments. For example, 10 players can play a $20 buy-in satellite tournament where the top two winners get tickets into a $100 buy in tournament.

In a satellite tournament, prizes are usually the same. For example the top 3 players in a satellite tournament might get an entry into tournament “X”. If there is still any money left but it is not enough to pay for another entry to the tournament “X”, that money can be given as a cash prize to the next position (in this example the 4th position).

Some larger satellite tournaments offer seats at higher level tournaments for the let’s say top 3 players and cash for the let’s say fourth and fifth position. However the cash prizes is less than what the higher level tournament tickets are worth for.

Bounty Tournaments

A common practice in regular home poker games is having a Bounty. A bounty tournament can be any type tournament mentioned above with the bounty prize.

The bounty is a prize taken out of the the tournament prize pool. It is usually on the winner form the previous week/game. If player A takes out the winner from last week, he would win the bounty. That is regardless of the position that player A ends up at the end of the tournament. So player A could possibly win both the bounty and the first position prize.

Laws Related to Home Poker Games:

In most of the U.S. States it is legal to host a home poker game as long as you don’t take any rake (make any money for the house).

Make sure to check your states’s (or country) gambling laws before hosting or participating in a house poker game.

Poker players are also required to pay tax on their income.

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