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In "Two-Card Guts", each player is dealt down, two hole-cards, at the beginning of a new deal. Two Card Poker rankings apply; Pairs are ranked over high cards; however there are no 'straights' or 'flushes' in two card guts (or two card poker).
One variation of 2-card guts, ranks 23 (of any suits) as the highest ranking hand, trumping AA (pocket aces). Even though getting dealt 23 is more probable than AA (16 possible combinations of 23 compared to only 6 combinations of AA, or 1.2% vs 0.45% respectively), rather, it's the role reversal of the worst hand in heads-up, two-card poker. The name for the 23 hand, in this variation, is called the "Royal Crumpler", among other names.
All players have a chance to say 'in' or 'out' at the same time by holding out one or two fingers, or holding a chip or nothing in their hands; those who are 'in' have a showdown.
Each round starts with an ante. The players then play a series of deals; after each one, the winner takes the existing pot and the losers match it, so that the pot or some multiple of it carries over to the next deal.
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Revealed on Tuesday on the PokerStars Blog, PokerStars Fusion has been in the works for some time, first reported on in May by Poker Industry PRO.
After being pushed to the side for awhile in favor of Unfold, which arrived in August, Fusion will finally now make its debut on PokerStars.
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After calculating the total number of payouts and the exact amount of each, tournament staff will announce and post them, usually sometime after the first break. This can be done electronically, if there are monitors displaying tournament information, or manually, on a dry erase board. The payouts are graduated, so that the player finishing in first place wins the most money, and the second place finisher wins more than the third place finisher, and so on. At some point, the prize pool is exhausted, and subsequent finishers do not receive any prize money. If a player finishes outside of the money, they lose their entire buyin and receive nothing. If they finish in the money, they receive their buy in back, plus a premium on their investment. The players who end up finishing just outside of the money positions are referred to as finishing “on the bubble.”
As players are eliminated, the remaining field of players get closer to the money positions. As the money positions approach, significant changes in the action occur, which is a characteristic of the bubble forming. At this point, a majority of the fish have been eliminated, and the game is often tight and solid. Even though it is mostly tough players who remain, the blinds are high and threaten the stacks of those players with a low chip count. These players must decide whether they will let the blinds erode their stacks or whether they will take a stand and risk being eliminated outside of the money. As long as the field is not yet in the money, short stacks tend to play conservatively. They generally avoid taking a stand without a premium hand, until they become desperate. Their primary goal is to survive until they are in the money. This makes perfect sense, because an in the money finish garners a return on the money you’ve invested in the tournament, whereas a finish outside of the money results in the loss of your entire buy-in. Here is where game theory comes into play. The larger stacks know that the short stacks are playing conservatively, and are trying to hang on until they are in the money. Most of the short stacks have only enough chips to play one hand, and they are more concerned with not bubbling then they are about getting pot odds or accumulating chips.
The medium stacks are also not inclined to get involved without premium holdings, especially against larger stacks. They would prefer to wait out the short stack while taking a minimum amount of risk. The goal of the short and medium stacks is primarily to make the money. The large stacks know this and know that the bubble is an ideal time to be acquiring chips from the short and medium stacks. They become extremely aggressive, taking advantage of their increased fold equity. The big stacks especially target the short stacks, because it is less risky to steal from them, for a couple of reasons. First of all, the short stacks do not have enough chips to severely damage the big stacks. Secondly, the big stacks can create a situation whereby raising a medium strong hand can give the short stack pot odds to call with an underdog. When a short stack becomes desperate because he is facing blinds he cannot afford, he must widen his range of acceptable risk, which means he must be willing to commit with a weaker hand than he would under normal circumstances. This allows the big stack to lower the bar slightly on his raise requirement, knowing his opponent may be forced to take a stand with a weak hand. This works out well for the big stack, he can get action with the best hand by making the desperate short stack an offer he can’t refuse, the opportunity to get pot odds on his case money.
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