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#101
05-03-2007, 12:49 AM
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Re: FLORIDA ALLOWING POKER GAME STAKES TO BE RAISED IN JULY!
Why does everyone interpret the tourney limit to be $800? The way I read it, It says A tournament shall consist of a series of games The entry fee for a tournament, including any re-buys, may not exceed the maximum amount that could be wagered by a participant in 10 like-kind, nontournament games under paragraph (b). Paragraph b sets the no-limit game max at $100. That means that a no-limit tourney can be set at 10x the most that can be wagered in a no-limit game (like-kind), which is 10x100 or $1000. I'm a Florida lawyer and that's how I read it.
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#103
05-03-2007, 08:34 AM
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Re: FLORIDA ALLOWING POKER GAME STAKES TO BE RAISED IN JULY!
[ QUOTE ]
Quote: -------------------------------------------------------------------------------- If you've been a consistent winner at 2/2 -------------------------------------------------------------------------------- Is it possible to beat the 2/2 with the rake at 10% and dealer tips? [/ QUOTE ] It is. But it isn't fun or worthwhile.
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#104
05-03-2007, 08:39 AM
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Re: FLORIDA ALLOWING POKER GAME STAKES TO BE RAISED IN JULY!
[ QUOTE ]
Why does everyone interpret the tourney limit to be $800? The way I read it, It says A tournament shall consist of a series of games The entry fee for a tournament, including any re-buys, may not exceed the maximum amount that could be wagered by a participant in 10 like-kind, nontournament games under paragraph (b). [/ QUOTE ] The stakes will now be $5 limit, The most you can lose in a hand will be $80 at those stakes ($5 x 4 bets x 4 betting rounds). Ten times that would be $800. If you interpret "like kind" to mean $100NL, then ten times would be $1000. FWIW, I interpreted the $100 NL language to mean that it would be a cap NL game like Tilt has, but I could be wrong. There is a lot of room for interpretation, and surely each cardroom will try to push the envelope in its own way. I'm a FL lawyer too ... my guess is that it will come out differently than any of us are thinking ... but it's still fun to talk about.
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#105
05-03-2007, 11:52 AM
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Re: FLORIDA ALLOWING POKER GAME STAKES TO BE RAISED IN JULY!
[ QUOTE ]
[ QUOTE ] Why does everyone interpret the tourney limit to be $800? The way I read it, It says A tournament shall consist of a series of games The entry fee for a tournament, including any re-buys, may not exceed the maximum amount that could be wagered by a participant in 10 like-kind, nontournament games under paragraph (b). [/ QUOTE ] The stakes will now be $5 limit, The most you can lose in a hand will be $80 at those stakes ($5 x 4 bets x 4 betting rounds). Ten times that would be $800. If you interpret "like kind" to mean $100NL, then ten times would be $1000. FWIW, I interpreted the $100 NL language to mean that it would be a cap NL game like Tilt has, but I could be wrong. There is a lot of room for interpretation, and surely each cardroom will try to push the envelope in its own way. I'm a FL lawyer too ... my guess is that it will come out differently than any of us are thinking ... but it's still fun to talk about. [/ QUOTE ] I agree with you that the casinos will initially interpret the statute to max their profits. I think its pretty clear though that since they included the language "like kind", and a player can lose up to $100 in a NL hand, the max NL tourney should be $1000. If you want to push it even further, since $100 is only the max buy-in, a player that is up from his/her buy-in can technically lose a lot more than $100 on a single NL hand, but this is probably going too far with the intent of the statute. I think they ought to hire someone that knows poker to help them write this language. BTW, what happened to the bill regarding allowing major televised tourneys? I can't imagine pros wanting to come to a locale that did not allow high stakes cash games anyway.
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#106
05-03-2007, 12:32 PM
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Re: FLORIDA ALLOWING POKER GAME STAKES TO BE RAISED IN JULY!
[ QUOTE ]
We have all played in the 2/2 games here. Does anyone really believe that the 2/4 or 5/5 fixed limit games will be in any way different from how the idiots play 2/2 here? [/ QUOTE ] The play may not be, but the EV may. Currently many players chase draws or 2-4 outers and have the pot or implies odds to do so, whether they know it or not. An escalating bet structure on the turn and river will allow chasing players to make more bad decisions.
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#107
05-03-2007, 04:08 PM
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Re: FLORIDA ALLOWING POKER GAME STAKES TO BE RAISED IN JULY!
[ QUOTE ]
[ QUOTE ] We have all played in the 2/2 games here. Does anyone really believe that the 2/4 or 5/5 fixed limit games will be in any way different from how the idiots play 2/2 here? [/ QUOTE ] The play may not be, but the EV may. Currently many players chase draws or 2-4 outers and have the pot or implies odds to do so, whether they know it or not. An escalating bet structure on the turn and river will allow chasing players to make more bad decisions. [/ QUOTE ] Ain't no escalatin' in a 5/5 game.
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#109
05-03-2007, 06:15 PM
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Re: FLORIDA ALLOWING POKER GAME STAKES TO BE RAISED IN JULY!
[ QUOTE ]
[ QUOTE ] [ QUOTE ] We have all played in the 2/2 games here. Does anyone really believe that the 2/4 or 5/5 fixed limit games will be in any way different from how the idiots play 2/2 here? [/ QUOTE ] The play may not be, but the EV may. Currently many players chase draws or 2-4 outers and have the pot or implies odds to do so, whether they know it or not. An escalating bet structure on the turn and river will allow chasing players to make more bad decisions. [/ QUOTE ] Ain't no escalatin' in a 5/5 game. [/ QUOTE ] Like you say...enough of the warm fuzzy stuff......and also, if that is your real cleavage, please stay away from my table, that's just an unfair advantage!! Anyway, if I could suggest something. At the Palm Beach Kennel Club they play[ed] $1/$2 hold'em with only one blind AND as a spread limit for the first two betting rounds meaning you could bet $1 or $2 preflop and on the flop. It allowed the pots to get bigger before the increased level and with the one blind you are able to better beat the rake because it only cost you $3 dollars to see thirty (30) hands as opposed to $9. Plus with the spread limit you could force someone preflop to pay $7 dollars for a crappy hand instead of just $4 under the structured betting. Once we go to $5 limit maybe the cardrooms can experiment with $1 - $5 spread limit for the first two betting rounds? You can better control pot odds and set up bluffs alot easier.
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#110
05-03-2007, 06:21 PM
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Re: FLORIDA ALLOWING POKER GAME STAKES TO BE RAISED IN JULY!
The $100 NL buyin cash game will be insanely profitable. I made a poker mecca trip to LA a few months back and spent 7 days doing nothing but checking out all the cardrooms.
At the Bicycle Casino and the Commerce I exclusively played the $100 NL cash buy in with $1 / $2 blinds and made over $4000.00 It was insane and they play a very aggressive loose game out there and everyone knows how to play. Let the games begin here!!!!!!! By the way, in LA the food quality and prices, as well as, the service was out of this world. We're talkin massages at table at 3:00 AM. Shoe shines 24hrs. At the Bicycle, cash games with a $100 or more buyin received automatic comps of the entire menu (except the Sushi). We're talkin free steak dinners everynight at the table. Absolutely the best Chinese food I have ever ever had. It was totally unreal. I doubt we will ever get to that level here but hey one can always dream.
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