Poker Policy Bid

Poker superstar Daniel Negreanu joined the No Laying Up podcast and shared a few ridiculous stories about golf wagers he’s made over the years, and his on-course battles with fellow poker legend Phil Ivey.

• Poker Betting Etiquette FAQ What Is a Bet? A bet is officially a legal bet when: - Chips are moved forward and placed over the betting line on the table; - A verbal declaration of 'bet' or 'raise' is made when it is your turn to act.
• In the poker chart below you see K-7 suited (suited = two cards of the same color, i.e. 3 of hearts and 7 of hearts) and you see that this hand can be played in late or middle position. Since you are the 6th player to the left of the dealer button, you are in middle position and can therefore play the hand.

Negreanu said he picked up golf in his early thirties, and eventually began gambling on the course for very high stakes. One of Negreanu’s bets required him to play 12 hours of golf a day just for a chance at a major payout. Negreanu said he bet $550,000 that he could shoot a score of 80 from the back tees at TPC Summerlin in Las Vegas, a PGA Tour-level course that hosts the Shriners Hospitals for Children Open. Negreanu only had one year to transform his game, and he won the bet with just a few days to spare.

Via the No Laying Up podcast:

Over Size Chip Rule 50% to be a Raise Rule Minimum Raise Rule and associated procedures. West Coast Dealing School LLC.

“My golf game was not very good. The back tees at TPC Summerlin is about 7,000 yards. I can’t hit a driver more than 230, so I don’t hit any of the greens from back there. I bet them that if they gave me a year, I could shoot 80 from the back tees there.

So I’m drunk and we’re all drinking and I bet 550 thousand dollars on this. But I get as many rounds as I need.

So with about a month to spare, I go out there and 110… 108… 106. OK, that’s my first three rounds, and I have a month. So we woke up at 7 a.m. every day, we practiced for an hour, played 18, practiced for another hour, played 18, played 9 more and then practiced again. So I would go from 7 a.m. to about 8 p.m. every day.

Within about a week, I was shooting low 90s. Maybe a week later, mid to high 80s. And with about a week and a half to spare, actually, I was 2-under after nine. So then all the carts started coming out, because they were like ‘oh boy, here he comes.’ There was probably 60 golf carts on the last three holes, sweating me. And so, in the last three holes, I needed to go bogey-bogey-bogey to win the bet. They were the three toughest holes, also. The first one is the easiest of the three, so I of course double-bogey that.

Now I need to par one of the last two, and I make par on . And then I have a six-footer for all of the money to win. I’m actually a good putter, but this putt – I hit the putt, and as I hit the putt, my knees sort of fell to the ground, in a way, but somehow the ball went in and I made it.”

Negreanu said he used to play against Phil Ivey frequently, and once lost a total of $1.2 million to Ivey in a single day on the course.

“We used to golf a lot back in those days, and I remember one time at Shadow Creek, I guess my grip was a mess. And I didn’t have anyone who was there to help me at the time, and he did and everyone else did. I just didn’t have a chance. Like, I couldn’t get the ball in the air. I lost like $1.2 million to him in one round.”

Negreanu said he eventually lost around $3 million total in bets on the golf course, but made all the money back after getting help from a caddie and coach, Christian Sanchez.

Poker Policy Bids

You can listen to the entire podcast here.

The two players to the left of the button (dealer) in a game of hold'em are required to place compulsory bets before the cards are dealt. These are known as blind bets because they are placed 'blind', before the players have even seen their cards. These bets trigger the action in a hand, since there is something already in the pot for all the players to win. Typically the player to the immediate left of the dealer will place a small bet equivalent to half the full bet for that round. This is known as the small blind

Poker Policy Bidang

. The player to his left will then place a full bet for that round. This player is called the big blind.

Once the cards are dealt, the betting action starts with the player to the left of the big blind. He may either fold, call (by matching the big blind's initial bet) or raise (by increasing the big blind's bet).

If the pot is unraised by the time the action comes to the small blind, he may complete his blind by making the small blind up to the full bet for that round. If he opts not to complete his blind, his hand is folded. Of course, he may also raise by completing the small blind and adding another full bet for that round. If instead the pot has been raised by the time the action comes to him, the small blind must complete his blind to the full amount of the raise if he wants to remain in the hand.

The last player to make a betting decision on the first round is the big blind. If the pot is unraised when the action arrives he may either check, and remain in the pot for the flop, or raise. However, when he is facing a raise he may not check, he must either fold his hand, call the raise (completing his initial bet to the full amount of the raise), or reraise. If everyone else folds before the flop, including the small blind, then the big blind not only wins his blind bet back, but also collects the small blind's initial bet.

Policy Bid Poker

Once the first round of betting is completed, the small blind acts first on every subsequent round. If he is no longer in the hand then the first player still with cards to the left of the button must act first.