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In poker, just like a coin flip, each individual hand is different from the other and is independent of the previous outcome. Similarly, if two poker players play each other a billion hands, they can expect to get the same cards and situations equally. Poker is an emotionally challenging game.

In such situations, having the emotional stability to look beyond the immediate results, is mines game apk the hallmark of a great poker player. It certainly took me a lot of time to improve at. The first few months of grinding (that’s our term for playing poker as a job) were difficult. The most common fallacy among poker players, especially amateurs, is that they believe themselves to be much better than they actually are. This is what separates good players from bad. So if an amateur wins against a better player 3 days in a row, it is variance.

Are lottery winnings taxed in India?

No, lottery winnings are not exempt from income taxes in India. They are taxed under the Income Tax Act at a flat rate of 30%. No exemptions or deductions are allowed on such income.

Card Poker

It is challenging – Just like any competitive sport, it is a challenging game. Even if you start beating the players at your stakes, there will always be a level up or a newer variant of the game for you to master. It keeps the game fresh and invigorating. There is nothing like a good challenge to keep your brain cells young and healthy. Schedule Constraints – Most good tournaments (online) are scheduled over the weekend.

  • Here’s a short documentary called 10 for 10 about Martin Jacobson, the winner of 2015 World Series of Poker.
  • Perhaps I am getting old (I am still 28 but the early 20s time feels such a long time ago), but I like a good sleep and a reasonable schedule.
  • It has many variants and the most popular one is called Texas No-limit Hold’em, which is what I play.
  • I have read personal stories, spoken to people who have expressed the same sense of emptiness.
  • It is challenging – Just like any competitive sport, it is a challenging game.

Prasannaa S prevails at 10th Sri M S Venkataraman Memorial Rating Open 2025

The legal status of poker varies in different countries. In some places, online poker is banned, while live poker in casinos is allowed. For example, Las Vegas is the mecca of poker players but online poker is banned in the US save for a few states. Then there are places like London, where both live and online poker thrive. If you want to play live poker professionally, by all means go for it. Even though I like playing live, I can’t do it regularly.

As the game progresses, players are eliminated, and at the end a small percentage get the money, while the rest go empty handed. For example, in the last tournament I played, everyone paid Rs. 35k for the entry; there were 294 entries and  top 30 people were paid. The guy who got eliminated at the 30th place got Rs. 61k, and the winner got Rs. 27 lacs. Texas House Poker is played against the dealer. The main goal is to make the highest value five-card poker hand with the two cards dealt to the player & the five community cards dealt on the table.

When most people say poker, this is what they mean. Other variations include Pot-Limit Omaha, Razz, Open Face Chinese etc. But it takes a lot more than that to convince the skeptics.

If you are not emotionally detached to the immediate results, this run-bad will cause you to play worse and it becomes a vicious cycle. It pushed me to the verge of quitting a few times. You’ll be dealt winning hands, and losing hands.

There were no obligations (house, car, family, loans) so I could afford an expensive hobby – and that’s what it was at the time. I started playing a lot of home games and discovered Adda52.com – a poker site. The games continued when I started working, this time with proper chips. Stakes increased, nothing excessive, but reasonably higher than before.

So, I won’t be able to comment on them with authority. I take a break to make lunch, shower, eating and then some lazing around. Here’s a short documentary called 10 for 10 about Martin Jacobson, the winner of 2015 World Series of Poker. It is the most prestigious poker tournament in the world, and awarded $10 million for the winner.