The final type of gambling is arbitrage betting. Abritrage gambling is theoretically risk-free. This form of betting means that every outcome of an event is bet upon so that a known profit will be made by the better upon completion of the event, no matter what the outcome is. Now onto one of the world’s most popular casino gambling games – poker. Poker is a family of card games, which are popular in casinos around the world. There are several different types of poker – the most popular of which is Texas Hold ‘Em poker, although other types include: Omaha and Stud Poker.
In all commercial casinos there are several poker tables, with varying amounts of betting amounts available. The rules of poker vary between each different style, but all are based around getting a certain group of cards in your hand. Depending on what cards you have in your hands decides how ‘good’ your hand is. If two people have a similar ranking of cards, the person with the highest card will win. In poker, Ace is a high card. The following are the hand rankings as apply to Texas Hold’em Poker.
The simplest hand you can have is a pair. If after being dealt your cards you have two cards are the same number but of a different suit, you have a pair. If two people have a pair then the person with the highest pair wins.
The next best hand you can have is a two pair. This is when you have two pairs in your hand. If there are two people with two pairs, it is the person with the highest ‘kicker’ card, that being the fifth card (in Texas Hold ‘Em) wins.
Three of a kind is the next best hand; and after that it is a straight. A straight is when you have all your cards in a consecutive row. They do not have to be of the same suit. If there are two straights the player with the highest straight wins.