Economy
The Best Strategies for Crypto Poker
Poker is not only an incredibly popular game these days but it can also be quite difficult to get into. Sure it’s gambling but it’s based more on skill than on luck and getting those wins when you’ve just begun playing is certainly not easy. It’s of course expected to lose more games than you win when you’re just starting out but considering that you’re playing with money it’s still best to try and win. That’s why we’ll be covering some of the best strategies for winning in crypto poker. Of course these strategies will work pretty similarly both on bitcoin poker sites and in casinos so even if you go to play poker in person they should still be useful to you.
Play only the strongest hands
While it may be obvious not to play awful hands, a lot of players tend to play their hand even if it’s of middling strength. Generally, you’ll see the most success if you play only a small percentage of hands and of course only the strongest ones. This limits your losses and if you’re playing a poker type that has penalties for too many played hands then it allows you to avoid those repercussions.
The exact place where you should draw the line between playing the hand and folding is up for debate and depends on a lot of factors, but where the line is drawn isn’t nearly as important as just drawing it and playing with only very good hands. If you watch high-tier poker players you’ll notice that unless they’re going for some specific strategy they’ll generally fold if they don’t have a hand that statistically has a high win chance.
Know when to bluff
This isn’t exactly a strategy but it’s necessary for many actual strategies to be viable at a decent level of play. It’s important to understand that bluffing with nothing is a horrible idea most of the time and that bad bluffs can certainly lose you games. That’s why knowing what hands are good for bluffs and which aren’t is so important.
Being able to quickly make the choice of whether bluffing is worth it or not is invaluable for more complex strategies, so if you wish to dive deeper into poker and learn such things then you’ll definitely need to start with learning when to bluff and when to simply fold with a mediocre hand. Believe us, you’ll thank yourself for it down the line.
Skip bluffing altogether
If you’re bad at bluffing or simply don’t know when to do it then there’s a perfectly viable strategy for you, just don’t do it, ever. Playing poker without bluffing is a surprisingly effective strategy and we recommend that everyone tries it at least once because it can be a nice change of pace if you’re used to bluffing often.
It is a low-risk strategy that can often lead to people trying to call your bluffs when there is none and getting burned because of it. Oftentimes people think that because you haven’t bluffed the last 5 times that you may do it the 6th so this strategy can be a passive trap to catch people who are used to the usual way that people play poker. It’s a strategy that newer players can utilize to great effect simply by not trying bluffing which is what you should do anyway if you don’t fully understand it yet.
Always look at the odds
This is something that may take a while to get used to but it’s important to look at the odds of certain things happening. For example, if you need a specific card to complete a powerful hand and they make up about a quarter of the remaining cards then you have about a one in four chance of getting it which may be worth the risk depending on the situation.
Understanding some of these things and the probability that makes up poker is incredibly important, and while it may not be easy to learn it’s something that you will be using for as long as you keep playing. It will never be useless knowledge to you so it’s definitely worth trying to figure out and making use of it if you intend to play the game for an extended period of time.
By Adedapo Adesanya
The duo of Geo-Fluids Plc and Afriland Properties Plc propelled the NASD Over-the-Counter (OTC) Securities Exchange up 0.13 per cent on Friday, January 10.
Investors gained N1.4 billion during the trading session after the market capitalisation of the bourse ended at N1.053 trillion compared with the previous day’s N1.052 trillion, and the NASD Unlisted Security Index (NSI) increased at the close of business by 4.07 points to wrap the session at 3,073.93 points compared with 3,069.86 points recorded at the previous session.
Geo-Fluids added 25 Kobo to its value to close at N4.85 per unit compared with the previous session’s N4.60 per unit, and Afriland Properties Plc gained 24 Kobo to close at N16.25 per share versus Thursday’s closing price of N16.01 per share.
There was a 35.4 per cent fall in the volume of securities traded in the session as investors exchanged 4.3 million units compared to 6.6 million units traded in the preceding session, the value of shares traded yesterday went down by 37.4 per cent to N17.2 million from the N27.5 million recorded a day earlier, and the number of deals decreased by 47.2 per cent to 19 deals from the 36 deals recorded in the preceding day.
FrieslandCampina Wamco Nigeria Plc remained the most active stock by value (year-to-date) with 1.9 million units worth N74.2 million, followed by 11 Plc with 12,963 units valued at N3.2 million, and Industrial and General Insurance (IGI )Plc with 10.7 million units sold for N2.1 million.
IGI Plc closed the day as the most active stock by volume (year-to-date) with 10.6 million units sold for N2.1 million, trailed by FrieslandCampina Wamco Nigeria Plc with 1.9 million units valued at N74.2 million, and Acorn Petroleum Plc with 1.2 million units worth N1.9 million.
By Adedapo Adesanya
The Naira witnessed a depreciation on the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, January 10.
According to data from the FMDQ Exchange, the local currency weakened against the greenback yesterday by 0.12 per cent or N1.80 to sell for N1,543.03/$1 compared with the preceding day’s N1,541.23/$1.
The pressure on the domestic currency came as the access granted to the Bureaux de Change (BDC) operators by the Central Bank of Nigeria (CBN) to purchase FX from the official market through the Electronic Foreign Exchange Matching System (EFEMS) platform prepares to end next week, precisely on January 19.
The CBN had given a 42-day window to the operators to access the platform to help stabilise the Naira in December, and this expires next week.
On Friday, the Nigerian currency tumbled against the Pound Sterling in the official market by N30.78 to sell for N1,889.29/£1 compared with the previous day’s N1,858.51/£1, but gained N5.48 against the Euro to finish at N1,583.81/€1, in contrast to Thursday’s rate of N1,589.29/€1.
As for the parallel market, the Nigerian Naira remained stable against the US Dollar during the trading session at N1,650/$1, according to data obtained by Business Post.
In the cryptocurrency market, it was bearish as the US economy added 256,000 jobs last month, the Bureau of Labor Statistics reported on Friday, topping forecasts for 160,000 and up from 212,000 in November (revised from an originally reported 227,000).
However, the readings came after a number of recent economic reports triggered a broad-market pullback across asset classes such as crypto as investors quickly scaled back the idea of a continued series of Federal Reserve rate cuts in 2025.
Cardano (ADA) fell by 3.6 per cent to trade at $0.921, Solana (SOL) slumped by 2.8 per cent to $185.93, Ethereum (ETH) depreciated by 1.4 per cent to $3,233.27, Litecoin (LTC) lost 1.3 per cent to finish at $103.62, Dogecoin (DOGE) shed 0.5 per cent to sell at $0.3315, Bitcoin (BTC), waned by 0.2 per cent to $94,154.43, and Binance Coin (BNB) went south by 0.1 per cent to $693.30.
On the flip side, Ripple (XRP) jumped by 1.5 per cent to settle at $2.34, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) sold flat at $1.00 each.
By Dipo Olowookere
Profit-takers took control of Customs Street on Friday, plunging it by 0.08 per cent at the close of trading activities.
The sell-offs were across all the key sectors of the Nigerian Exchange (NGX) Limited on last trading session of the week.
The insurance space went down by 1.53 per cent, the banking index depreciated by 0.41 per cent, the consumer goods sector weakened by 0.16 per cent, and the energy counter slumped by 0.08 per cent, while the industrial goods sector closed flat.
At the close of business, the All-Share Index (ASI) tumbled by 79.68 points to 105,451.06 points from 105,530.74 points and the market capitalisation retreated by N48 billion to N64.303 trillion from N64.351 trillion.
Yesterday, investors traded 1.5 billion shares worth N19.4 billion in 12,877 deals compared with the 489.5 million shares worth N13.1 billion transacted in 13,010 deals in the preceding day, indicating a decline in the number of deals by 1.02 deals and a rise in the trading volume and value by 203.14 per cent and 48.09 per cent, respectively.
Wema Bank was the busiest stock with 976.2 million units valued at N9.8 billion, Tantalizers traded 53.0 million units worth 129.6 million, Universal Insurance sold 34.8 million units for N26.8 million, Access Holdings exchanged 33.9 million units valued at N843.8 million, and Nigerian Breweries traded 27.3 million units worth N873.3 million.
The heaviest loss was suffered by Sunu Assurances with a decline of 9.99 per cent to trade at N7.30, Eunisell shed 9.96 per cent to N17.35, SAHCO crumbled by 9.87 per cent to N30.15, DAAR Communications plunged by 9.28 per cent to 88 Kobo, and Sovereign Trust Insurance went down by 7.04 per cent to N1.32.
On the flip side, C&I Leasing gained 10.00 per cent to close at N4.51, Honeywell Flour appreciated by 9.99 per cent to N10.02, Trans Nationwide Express jumped by 9.89 per cent to N2.00, RT Briscoe rose by 9.83 per cent to N2.57, and Secure Electronic Technology grew by 9.46 per cent to 81 Kobo.
Business Post reports that the bourse ended with 33 price gainers and 25 price losers, indicating a positive market breadth index and strong investor sentiment.
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