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As with a game of cards, the lender will not always get it exactly right and will over invest in some risky customers and under-invest in others; the goal is to get the investment right often enough in the long-term to ensure a profit overall. This sort of an investment would come in the form of an intensive collections campaign or the paid involvement of specialist third party debt collectors. However, I hope that where similarities do exist these have been helpful in understanding how the profit levers in a lending business fit together. This question considers whether the state applies this "dominant factor," or predominance, test. To do this, calculated bets must be taken at various stages and with varying levels of data; risk must be re-evaluated continuously and at times it may become necessary to take a known loss rather than to risk ending up with an even greater, albeit uncertain, loss in the future.

  It Is Interesting about casino

 

  •   The casino is the most common place in which suicides are committed
  •  The longest game of poker in the casino is 90 hours. The record belongs to the Irishman Phil Laak. Phil not only set a record, but also won 7 thousand dollars.

State Gambling Law Summary

But that is only part of the reason I decided to use the game of Texas Holdem poker as a metaphor for the credit risk strategy environment. The basic profit model for a game of poker is very similar to that of a simple lending business. To participate in a game of Texas Holdem there is a fixed cost buy in in exchange for which there is the potential to make a profit but also the risk of making a loss. As each card is dealt, new information is revealed and the player should adjust their strategy accordingly.

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Not every hand will deliver a profit and some will even incur a fairly substantial loss, however over time and by following a good strategy the total profit accumulated from those hands that are winners can be sufficient to cover the losses of those hands that are losers and the fixed costs of participating and a profit can thus be made.

Similarly in a lending business there is a fixed cost to process each potential customer, only some of whom will be accepted as actual customers who have the potential to be profitable or to result in a loss.

In both scenarios, the profit can be maximised by increasing exposure to risk when the odds of a profit are good and reducing exposure, on the other hand, when the odds of a loss are higher.

Benny, naked, and covered in blood, laughed as Jake slowly died in agonizing pain. 289. By 1991, most agreed that married people who had an occasional affair had a substantial risk of getting AIDS.

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Texas holdem camp

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Current through Mar 22, Introduction The conclusions in the chart below are primarily based on the texts of the state criminal anti-gambling laws and thus are only educated guesses in many cases. There is relatively little decided case law on gambling infractions including the conduct of Texas Holdem poke r.

I suppose this is because of the seemingly prevalent legislative and law enforcement? I encourage readers of this website to Contact me with corrections, objections and observations. Before you take any action in reliance on this chart you should get up to date and to the point advice from a local attorney.

The five topics covered on a state-by-state basis in the chart are: Dominant Factor Test Applied: Most states have concluded that where the elements of skill, whatever they may be, predominate over the elements of chance, whatever they may be, in determining outcome, then the "chance" element is lacking and the game involved does not violate that state's anti-gambling law.

How to calculate implied odds texas holdem

This question considers whether the state applies this "dominant factor," or predominance, test. The question here is whether playing for money in a purely social context is allowed,.

A "social context" usually means that no player or other person, like a bookie or the host of the game, makes or earns anything other than as, and on an equal footing with, a mere player in the contest or game. What constitutes a "misdemeanor" versus a "felony" is not consistent in all states.

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Subscribe to comments with RSS. Anonymous said, on October 24, at Suited King 2, is negative and turns positive at suited K Which is correct for the large raise? Thanks Reply stephenhow said, on October 24, at Anonymous said, on October 27, at 3: After the flop, you are four to a flush, the board is suited. You have a bet strategy for 2nd nut, 3rd nut, and 5th nut plus 3rd nut kicker.

What about 4th nut? Your third example shows a hand of 3h 6h, and you check because yuo are holding a 3. What is the rule here. What is the minimum to bet?

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Reply dee said, on November 5, at 9: Dealer has two full houses back to back.. Dealer has to straights back to back.. It seems like everytime i have a pair they always beat me.. Try going in with an A or K you get crushed every time..

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They always seem to have a pair against you.. Makes you wonder… What u say? It should only be a. I might contact the company if I get killed a few more times. Are you talking about a video machine version of UTH? I heard they exist … T-Man said, on December 21, at 2: UTH not the video machine stephenhow said, on October 28, at 9: Anonymous said, on November 1, at 7: Allow me to ask a basic question.

For the river bet, with two pairs on the board, the strategy would play the board when its kicker is 3rd nut. If the board was showing a pair of aces and a pair of kings, would you bet the board with a queen 5th card or would you also play a jack or a ten on the board? Reply stephenhow said, on November 2, at 1: You would call to play the board on all these cases. You actually should call this case too, even though my basic strategy card says fold.

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