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 Dipo Olowookere
The last trading session of the week on the floor of the Nigerian Exchange (NGX) Limited ended on a positive note, as it rallied by 0.08 per cent on Friday.
This was buoyed by strong investor sentiment due to renewed buying pressure, which left 35 stocks on the gainers’ chart, as 33 stocks ended on the losers’ log, indicating a positive market breadth index.
According to data, Eterna gained 10.00 per cent to close at N42.35, Union Dicon appreciated by 9.70 per cent to N16.40, John Holt grew by 9.25 per cent to N9.45, Tantalizers rose by 8.41 per cent to N4.64, and Fidson expanded by 7.27 per cent to N88.50.
Conversely, RT Briscoe lost 10.00 per cent to finish at N12.06, SCOA Nigeria retreated by 9.96 per cent to N34.35, ABC Transport receded by 9.96 per cent to N6.25, Mecure crashed by 9.96 per cent to N61.50, and Berger Paints declined by 9.93 per cent to N66.65.
Business Post observed that the industrial goods space appreciated by 1.20 per cent yesterday, while the energy index improved by 0.19 per cent.
However, the insurance counter fell by 0.61 per cent, the consumer goods segment shed 0.56 per cent, and the banking industry depreciated by 0.11 per cent.
The All-Share Index (ASI) was down by 161.00 points on Friday to 196,968.15 points from 196,807.15 points on Thursday, while the market capitalisation went down by N119 billion to N126.437 trillion from N126.318 trillion.
A total of 586.2 million units of shares worth N30.6 billion were transacted in 62,699 deals during the trading day versus the 634.0 million shares valued at N29.1 billion traded in 66,286 deals a day earlier, showing a jump in the trading value by 5.16 per cent, and a decline in the trading volume and number of deals by 7.54 per cent and 5.41 per cent, respectively.
The activity chart was led by First Holdco with 43.9 million units worth N2.3 billion, Access Holdings exchange 43.2 million units valued at N1.1 billion, Zenith Bank transacted 40.0 million units for N3.7 billion, GTCO sold 38.9 million units worth N4.6 billion, and Jaiz Bank traded 31.5 million units valued at N323.4 million.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange went up by 0.22 per cent on Friday, March 6, as a result of the rise in the share prices of five securities on the platform.
During the session, the market capitalisation of the bourse added N5.60 billion to close at N2.519 trillion versus the preceding session’s N2.513 trillion, and the NASD Unlisted Security Index (NSI) appreciated by 9.35 points to 4,256.41 points from 4,256.41 points.
The five price gainers were led by 11 Plc, which gained N29.02 to close at N319.25 per unit versus Thursday’s closing value of N290.23 per unit, Central Securities Clearing System (CSCS) Plc appreciated by N1.19 to N81.35 per share from N80.16 per share, Nipco Plc increased by N1.00 to N285.00 per unit from N284.00 per unit, FrieslandCampina Wamco Nigeria Plc rose by 72 Kobo to N125.20 per share from N124.48 per share, and UBN Property Plc improved by 19 Kobo to N2.17 per unit from N1.98 per unit.
On the flip side, Okitipupa Plc lost N20.00 to settle at N230.00 per share compared with the previous day’s N250.00 per share, NASD Plc declined by N5.21 to N51.00 per unit from N56.21 per unit, and First Trust Mortgage Bank Plc declined by 21 Kobo to N1.90 per share from N2.11 per share.
The volume of securities traded by market participants went down by 10.6 per cent yesterday to 3.4 million units from 3.8 million units, and the value of securities dropped 85.3 per cent to close at N62.4 million versus N423.3 million, while the number of deals jumped 4.8 per cent to 44 deals from 42 deals.
CSCS Plc remained the most traded stock by value (year-to-date) with 37.2 million units valued at N2.3 billion, followed by Okitipupa Plc with 6.3 million units worth N1.1 billion, and MRS Oil Plc with 3.4 million units sold for N506.8 million.
Resourcery Plc was the most traded stock by volume (year-to-date) with 1.05 billion units traded for N408.7 million, followed by Geo-Fluids Plc with 123.1 million units transacted for N481.6 million, and CSCS Plc with 37.2 million units worth N2.3 billion.
By Adedapo Adesanya
For another week, the Naira closed without recording a gain against the United States Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEX), as FX demand pressure continues to mount.
On Friday, the country’s legal tender further depreciated against the greenback by N5.82 or 0.42 per cent to trade at N1,393.26/$1 compared with the preceding day’s N1,387.45/$1.
Also, the local currency tumbled against the Pound Sterling in the official market segment yesterday by N7.61 to close at N1,859.99/£1 versus Thursday’s closing price of N1,852.38/£1, and crashed against the Euro by N1.58 to settle at N1,611.49/€1, in contrast to the N1,609.86/€1 it was traded a day earlier.
In the same vein, the Naira declined against the Dollar at the GTBank forex desk by N12 during the session to quote at N1,410/$1 versus the previous session’s rate of N1,398/$1, and at the parallel market, it lost N10 to sell for N1,415/$1 compared with the preceding day’s N1,405/$1.
The domestic currency continued its decline despite $300 million in FX intervention sales to banks by the Central Bank of Nigeria (CBN), indicating that the rising demand for foreign payments is outpacing supply. However, worries have heightened as the Naira is entering a threshold that has not previously created panic.
In the international market, the US Dollar held broadly steady and saw its steepest weekly gain in more than a year as the escalating conflict in the Middle East drove demand for safe-haven assets. This creates pressure on other currencies.
This also affected the cryptocurrency market. As tensions escalated in the Middle East last week, investors moved quickly to the safety of the US Dollar, which strengthened as markets began pricing in higher energy prices and reignited inflation fears, potentially delaying Federal Reserve rate cuts.
Ethereum (ETH) dipped by 4.9 per cent to $1,975.54, Solana (SOL) depreciated by 4.8 per cent to $84.08, Bitcoin (BTC) lost 4.3 per cent to sell for $67,725.27, Cardano (ADA) slumped 4.2 per cent to $0.2527, and Litecoin (LTC) shrank by 3.4 per cent to $53.55.
Further, Dogecoin (DOGE) declined by 3.2 per cent to $0.0906, Binance Coin (BNB) slipped 2.9 per cent to $626.32, and Ripple (XRP) went down by 2.6 per cent to $1.36, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn