New Florida law on NL cash games

[wonderwes]

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So this a minor change or a major change?

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This has been posted about to death already for the past few months.

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This has been posted about to death already for the past few months.

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But now the law has finally passed today. Before today it was all speculation, now its the real deal. Still a crappy law, but I guess its better than nothing.

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This thread in Legislation has 400+ posts of some of us reading tea leaves.

http://forumserver.twoplustwo.com/sh...umber=10066187

As for B+M issues, this blog affiliated with the St. Pete Times has a little insight into what's happening in the Tampa area:
http://blogs.tampabay.com/poker/2007...mment-72771776

Bottom line is -- it could be a MAJOR change, especially if the Seminoles get creative like they have in the past with their tournaments, but with some cardrooms wanting to spread 2/5NL and 6/12 limit with $100 max buyins and $6 time per down, it could be majorly bad.

[MicroBob]

6/12 limit would be awesome.
people playing that can always re-buy. those who win a couple pots will have $200 or $300 stacks in no time.
Obviously the concern is with people sitting down with only $100 on them and then leaving after quickly busting.
But I think people will quickly catch on that in order to play that game you will probably need to have $200 or $300 on you.

I'm thinking it might be able to work okay for 2/5 NL too.

I think it beats trying to play 2/4 limit or 1/2 NL.

Yeah, the buy-in restriction sucks.
But I'd be willing to play 10/20 limit even with that restriction.

I'm moving to Florida soon and am glad that there will be some better live-poker alternatives to what they have offered before.

I'm also thinking that the new stakes could make for insanely juicy games for an area that hasn't had such games before. The timing on my move to Florida might be just right.

[atrainpsu]

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6/12 limit would be awesome.

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6/12 would clearly be least affected by the buyin restriction, of course paying $12/hr in time is pretty brutal.

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I'm also thinking that the new stakes could make for insanely juicy games for an area that hasn't had such games before. The timing on my move to Florida might be just right.

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Insanely juicy? definitely. Easily beatable? maybe.
With $100 effective stacks, in a 2-5 game i think it would be impossible. I guess the hope would be that after a while the effective stacks would grow to $200, then $300 and keep going, but if people keep getting up, paying time and tipping from their stacks and such, the effective stack has to approach a limit. If the limit is less than $200 or so, can it really be beaten no matter how bad the players?

P.S. I'm am really excited about this also, and will definitely check it out when I am down there this summer. I guess we just need to pray that they will give us as much of an advantage as we can get.

[MicroBob]

In the thread in legislation it was reported that some casinos plan on just using a regular old rake and not a $12/hr time-charge.
One can only hope as I would think that a $4 or even a $5 rake would be better for a tighter player.

I agree with the 'hope' part on your assessment of the 2/5 NL games.
People act like everyone will just be sitting there with stacks of $100 or less and all the stacks will constantly be dwindling.

Someone has to double-up.
After a few hands a few of the players have to double-up.

And you'll soon find some more agressive players lucking out and building stacks up to $400 or more would be my guess.

Indeed, the 20BB thing right when you start is barely a step better than playing the lottery. But whatever.
If it's the best they have to offer than I'm happy with it because I think it will work out reasonably okay in the long-run and is clearly worlds better than what they have currently.

you might even have worse play from players who just want to get their big-stack already so they look to double-up on almost any hand right when they sit-down, rebuy, and then try for an immediate double-up again.

Kind of silly. But I really think these games might work out okay.


Pretty sure a lot of the NL games in California and even in LV have similarly silly blind/buy-in ratios.
And in California I think they have the really bad $4 drop on every hand even if the pot is only $10 or something.

So it's not like Florida is alone in $100 cap NL poker.