Poker Table Popularity Spawns New Table GamesSeptember 17, 2004
The surge in popularity of live poker has done more than create a new generation of players. It has spurred casino game manufacturers to invest in the research and development of new table games designed to attract people who may be intimidated by participating in the "real thing".
There's always a price to pay. In the live poker room version, people play against one another. The casino makes its money by extracting a percentage from each pot called the "rake". In the table game variations, people play against the dealer. The casino makes its money from the mathematical house edge that's built into each game.
One new game that seems to have struck a happy medium is 3-5-7 Poker. The dealer acts as host while people play their cards against a pay table that's structured to generate money for the casino. That's the bad news. The good news is that the game's house edge is less than Caribbean Stud Poker, Let it Ride, and other games, including roulette.
Here's how it works: The game is played with a 52-card deck. There are three betting spots in front of each player position, the first for a 3-card hand, the second for a 5-card hand, and the third for a 7-card hand. Players have the option of wagering on all three spots or just on the first two.
When a new game begins, each player is dealt three cards. The dealer deals himself four cards that are placed face down in front of him. The first round of betting is based upon the three cards each player has been dealt. Hands are paid off at 40-1 for a straight flush, 25-1 for three-of-a-kind, 6-1 for a straight, 4-1 for a flush, and even money for any pair.
Anyone who has played Let It Ride knows that winning hands when you are dealt three cards are few and far between.
The second round of betting is settled after the dealer flips over two of the community cards in front of him. Winning hands are paid based on each player's 5-card hand comprised of the three cards he's holding and the two community cards. The payoffs are 500-1 for a royal flush, 100-1 for a straight flush, 40-1 for four-of-a-kind, 12-1 for a full house, 9-1 for a flush, 6-1 for a straight, 4-1 for three-of-a-kind, 3-1 for two pair, and even money for a pair of sixes or better.
The player in my example who won 25-1 for his three-of-a-kind in the first round, collected another 4-1 for the hand in the second round. Had the dealer flipped over the fourth queen, he would have collected 40-1 for four-of-a-kind. As it was, another player at the table had the queen.
The third and final betting round is settled after the dealer flips over the remaining two community cards. Players make their best five-card hands among the seven cards they have (four community and three dealt cards). The payoffs are 100-1 for a royal flush, 20-1 for a straight flush, 7-1 for four-of-a-kind, 5-1 for a full house, 4-1 for a flush, 3-1 for a straight, 2-1 for three-of-a-kind, and even money for two pair with the high pair being tens or better. The house advantage boils down to 3.49 percent on the 3-card hand, 4.12 percent on the 5-card hand, and 3.28 percent on the 7-card hand.
Table Set For Poker
Final
Table Set For Poker EventMay 12, 2005
More than a hundred people hovered around poker tables on Tuesday at the World Series of Poker Lake Tahoe Circuit Event's $10,000 buy-in No-Limit Hold'em main event at Harveys Resort and Casino.
What the overflow crowd saw was all three Northern Nevada players get eliminated. Tony Le of Reno, who started the day as the overall chip leader with $136,700, was knocked out early on, as were Carson City's Robert Glenn and Genoa's Tony Prestigiacomo.
Twenty-eight players started the second day and only nine remain, including several of the world's top players. Final table action begins today at 2 p.m. at the Harveys Convention Center and will be taped by ESPN. The event is free to attend. Spectators can start filling the bleachers at 1:45 p.m.
"These good crowds we've been having will be nothing compared to tomorrow," said Vince Contaxis, Harveys Poker Room Manager. "We expect it to get even bigger. For those people who don't get a good seat, there will be large screen TVs put up."
Among the big-name players vying for the $542,360 first prize are Joe Awada and Phil Ivey. Italian Jeff Lisandro possess the overall chip lead going into today's final table. The last two players eliminated on Tuesday were 33-year-old Sam Von Duhn of Chicago and Alan Goering from Henderson, Nev. Both players took home $23,010 in prize money.
"I had to make a move and double up and play some poker," said Von Duhn, who went all-in with K-10 against Lisandro's A-A. "I just ran into Aces. I was hoping to get to the final table, but this is the best finish I've had so far at a major tournament."
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