Poker Initial Bet
Posted : admin On 4/4/2022With the launch of iGaming on the horizon in Michigan, we take a look at which online poker rooms are expected to launch once the market goes live later this year.
I was playing a $1-2 game at the casino this past week and the guy on my right kept his initial bets at $11. This is a lot higher than my usual starting bet (usually I will lead out with 7 3.5X,).
In July, the Michigan Gaming Control Board (MGCB) issued a notice to potential applicants interested in participating in internet gaming to submit their applications to the board with a deadline of August 14.
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Close to 50 applications were sent to the the MGCB, a majority of them showing interest in both internet gaming (poker and casino) and internet sports betting.
While submitting an application on time does not guarantee a timeline for launch, it does increase the likelihood that the applicant will be a part of the coordinated initial launch.
PokerStars MI and partypoker MI are the Main Contenders for the First Wave of Online Poker in Michigan
Not surprisingly, TSG Interactive US Services Limited, the arm of the The Stars Group that manages the PokerStars US operations, and BetMGM LLC, in conjunction with Roar Digital, the company that operates the partypoker US Network, are the standouts as the highest-profile online poker providers on the list of those suppliers that have submitted their pplication to the MGCB.
Both of these operators have already formed partnerships with the state’s land-based casinos and tribal casinos as required by the laws just like in other states.
The Stars Group secured a partnership with the Little Traverse Bay Bands of Odawa Indians Gaming Authority, gaining first skin market access for real-money online poker, casino games and sports betting in Michigan.
As stated earlier, partypoker’s parent company (GVC) has a partnership with MGM Resorts which owns the MGM Grand Detroit.
When online poker goes live in Michigan, expect both PokerStars MI and partypoker MI as the prime candidates for online poker rooms in the state.
WSOP and 888 Missing from the Suppliers License List
A notable omission from that list is WSOP, whose parent company Caesars Interactive Entertainment (CIE) has yet to apply for a Supplier License in Michigan.
WSOP.com currently operates in New Jersey and Nevada where it is the largest network operating on the All American Poker NetworkAAPN and sharing its player pool with 888.
So, the decision by 888 to not submit a application as an online poker supplier in Michigan combined with CIE not aggressively moving to have WSOP MI included as part of the initial launch is surprising, to say the least.
888 was recently approved by the Pennsylvania Gaming Control Board (PGCB) as an Interactive Gaming Manufacturer during the most recent meeting of the board, so it does show that the operator is committed to expanding in the US but just like the WSOP it is playing the waiting game.
It is possible that the companies may be waiting for cross-border liquidity sharing to be permitted once the Wire Act case is settled, and they may eventually go live in 2021.
Other Operators that Could Launch Online Poker in Michigan
Apart from TSG and BetMGM, the only other supplier on that list that has an online poker platform up and running in the US is Pala Interactive Inc. Although Pala is mostly known for its online casino, it does offer a small online poker room (Pala Poker) in New Jersey.
However, it is unlikely to launch an online poker room in Michigan any time soon unless the state allows shared liquidity which might make it lucrative as it already operates in New Jersey.
Other suppliers that have submitted their applications include Rush Street Interactive which has reportedly shown some interest in launching online poker in Pennsylvania. Betfair Interactive US LLC, Parx Interactive Inc , and IGT are also among the list of those that has submitted a Supplier License Application for Interactive Gaming.
Michigan Notable iGaming Supplier License Applicants
Notable Supplier License Applicants | Online Operator | Type of License | Expected to Launch Online Poker in MI? |
---|---|---|---|
TSG Interactive US Services Limited | PokerStars | Internet Gaming and Internet Sports Betting | Yes |
BETMGM, LLC (Roar Digital) | Partypoker | Internet Gaming and Internet Sports Betting | Yes |
American Wagering Inc. | William Hill | Internet Gaming and Internet Sports Betting | No |
Betfair Interactive US LLC (FanDuel) | Betfair | Internet Gaming and Internet Sports Betting | No |
Crown MI Gaming, LLC | DraftKings | Internet Gaming and Internet Sports Betting | No |
GAN Nevada Inc. | B2B | Internet Gaming and Internet Sports Betting | No |
IGT | B2B | Internet Gaming and Internet Sports Betting | No |
Pala Interactive LLC | Pala Poker | Internet Gaming and Internet Sports Betting | Maybe |
Parx Interactive Inc | Internet Gaming and Internet Sports Betting | No | |
Rush Street Interactive MI, LLC | Play Sugar House | Internet Gaming and Internet Sports Betting | Maybe |
Notable Supplier Applicants Missing
888 Atlantic USA | 888poker |
Caesars Interactive Entertainment (CIE) | WSOP.com |
When is Online Poker Expected to go Live in Michigan?
Poker Initial Bet Games
While the MGCB is hopeful that online gaming will be live in the state “by late fall,” online poker is likely to take a back seat to the other gaming verticals such as online sports betting and online casino.
Pennsylvania, which was the latest US state to launch igaming, rolled out online sports betting and online casino first, and online poker lagged by more than three months. Compared with other gaming verticals, online poker software is more complex and requires additional testing and regulatory oversight. Also, the fact, that online casino games generally produce more revenue than online poker likely makes it a priority for both operators and state regulators.
However, it is still possible that online poker could be up and running in Michigan before the end of this year, but early 2021 looks more realistic.
Because it's a little bit more complicated than a standard Limit of No-Limit betting structure we've put together a specific article on How to Calculate the Pot Bet to help you understand how it's done.
The simple rule for making a pot-size bet is:
- You can raise the amount that is in the pot after you have called the previous bet.
Here are a few examples to make things clearer.
How to Make a Pot Bet in Poker -- Examples
Pot Bet Example 1
Situation: There's $10 in the pot. You're first to act.
How much can you bet? You can bet $10.
Simple, right? Now we'll make it a little harder.
Pot Bet Example 2
Situation: There's $10 in the pot and a player has bet $3.
How much can you bet? To calculate your maximum bet, first pretend that you call that last bet. The total pot then contains 10 + 3 + 3 = $16.
This is your maximum raise. With the $3 call your total maximum bet would then be $19.
Still with us? Now let's make it a little more complicated.
Pot Bet Example 3
Situation: There's $10 in the pot, one player has bet $3 and another player has raised to $10.
How much can you bet? First, pretend that you call the last bet of $10. The pot then contains 10 + 3 + 10 + 10 = $33.
Your pot raise is $33 and your total bet is $43.
Got it? Even if you're struggling a bit to get your mind around it, don't give up. There are a couple of smart tricks you can use to make it even easier.
If you want to play Pot-Limit poker (like, say, Pot-Limit Omaha) live, you should definitely learn them as you'll need to calculate your pot bets on the fly with a table of other players watching.
If you play your Pot-Limit Omaha online, though, you'll get some help with the betting functions.
How to Make a Pot Bet - Tips & Tricks
If you're playing Pot-Limit poker on online poker sites, the poker client will tell you exactly how much you're allowed to bet. In live poker, the common way to do this is to just say the word 'pot' out loud before you bet.
This establishes that you intend to bet the maximum. Then you can take your time to figure out how much that is.
The Simple 3x Rule for Pot Bets in Poker
Here's another really helpful trick that you can use to calculate the correct size of a pot bet:
- To get your maximum bet, multiply the last bet by three and add all other bets, including the original pot.
Does that sound insane to you? That's probably a sane reaction. But the truth is, it actually works!
Let's go through the same examples from above again, this time applying the 3x Rule.
Example 1
Situation: There's $10 in the pot. You're first to act.
How much can you bet? So, 3x the last bet is zero (no one has bet yet). Add the rest of the bets including the pot, which amounts to $10.
Example 2
Situation: There's $10 in the pot and a player has bet $3.
Poker Initial Betting
How much can you bet? 3x the last bet is 9 (3 x 3 = 9). Add $10 from the original pot and you get $19.
Example 3
Situation: There's $10 in the pot, one player has bet $3 and another player has raised to $10.
How much can you bet? 3x the last bet (3 x 10) is $30. Add $10 + $3 and you get $43.
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Luckily, this simple rule of thumb for pot bets works just as well in the first betting round when the blinds are on the table.
If the small blind is $1 and the big blind $2, the max bet is (3 x 2) + 1 = 7. With two limpers before you, the pot bet is (3 x 2) + 1 + 2 + 2 = 11.
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