| | |  | Last Updated: Wednesday, February 27, 2008 |  | | | Practice Makes Perfect With Any Gambling Game
- Thursday, 29 Dec 2005
Poker tournaments are bigger than ever with a significant increase in gambling fans. With poker tables available all over the online gambling world and eve gambling shows being broadcasted on television, this is not surprising. But for those new to gambling, it is important to remember that practice makes perfect. Before you decide to enter the big-time arena of million-dollar poker tournaments, you might want to practice your gambling craft at home with friends first. All you really need to set up a tournament are some cards, poker chips, a table, and, oh yeah, breathing bodies.
Depending on what your guests are comfortable with, the first thing you'll have to agree on is the buy-in for the tournament. You can gamble with as little as pride or as much as $100 per person. Not surprisingly, when there's actual money being wagered, the excitement level is usually higher. Gambling socially for $20 a head should satisfy everyone's competitive spirit and provide a decent prize to shoot for.
You'll need to consider how to divide up the gambling wins, if you play for money at all. Typically, you'll have three options: winner takes all, pay first and second place, or pay the top three gambling leaders. If you have 10 players putting up $20 each, you'll have a $200 prize pool. Probably the best payout structure to ensure that your guests don't get hurt too bad financially is to pay the top three places. The first-place finisher gets 50 percent of the prize pool or $100. Second place earns 30 percent or $60. Third place takes home 20 percent or $40. Remember, when hosting a gambling tournament poker party, your main concern should be making sure that everyone is happy and having a great time. Well, that and trying to win all the money.
| |
| |
|
