Options In Poker
Online poker game rules. The rules of online poker vary with each type of game, but a few things stay the same. For example, in any poker game, you have the option to bet in each round. Though you don’t have to place a bet every time, you have one of five options, namely. Poker Deposit Options. Poker Deposit - Find convenient and safe poker deposit methods for funding accounts at online poker sites. Different legal aspects exist in every country, and often fees vary between options of depositing. We have reviewed every deposit option and payment method available to players for funding real money poker site deposits. Other - games that are not really poker variants, but are sometimes allowed as options in a dealer's choice poker game. The category links lead to pages dedicated to each type, each page having an index of the variants that belong to that category. Many home poker players like to be creative and invent their own variants.
Who is the better options trader?
- Two Nobel Prize-winning economists who founded the very model that options pricing is based on.
or…
- A guy who thinks the market is like a giant poker game.
Of course, it’s A . . . right? The economists are the geniuses, after all. I mean, they wrote the Black-Scholes options pricing model ̶ the pricing model that every options trader uses directly or indirectly on a daily basis.
But if you’ve ever read the book When Genius Failed, you would quickly realize that the smartest people in the room are not necessarily the best traders. In short, the two Nobel Prize-winning economists ̶ Myron Scholes and Robert Merton ̶ lost $4.7 billion in four months of trading. That’s billion . . . with a “B.”
And while they were losing money, the trader who views the market as one big poker game was making billions . . . also with a “B.”
His name is Jeff Yass and he runs the most successful options trading firm in the world: Susquehanna Investment Group.
This billionaire’s trading strategy was to use options probabilities. As I always say, it’s all about the probabilities.
Discover HOW to start trading like a PRO! You don’t need a Ph.D. in mathematics from Harvard.
A Billionaire’s Trading Strategy and Poker
I mention poker because Yass thinks in terms of probabilities. And that’s exactly what options and poker have in common: thinking in terms of probabilities.
Every options and poker professional will tell you the same thing: the longer you play with a negative edge, the greater the probability of eventual financial ruin. Probably the most basic requirement for successful trading is that you must have some well-defined method ̶ a specific approach ̶ that gives you a statistical edge.
That approach could be buying undervalued securities and selling overvalued securities, or it could be some better-than-breakeven way of selecting price-directional trades.
Without such a method or edge, you will eventually lose, because the odds are 50/50 before transaction costs.
By the way, if you don’t know what your method is . . . you don’t have one.
Iron Condors and Probabilities
This is exactly why I trade iron condors. It gives me a defined edge. The risk is defined on each and every trade. And it allows me to choose my own probability of success.
Why do iron condors give me statistical edge?
Let me explain in poker terms.
Professional poker players are known to seek out “soft” or “weak” tables as a source of income. This means that the more inexperienced players there are at the table, the easier it will be for the seasoned pro to take their money.
It’s no different in the world of options, particularly when using trading strategies with a statistical edge like credit spreads.
Finding the consistent loser or novice trader is how the option pro generates the bulk of his or her gains. When I trade credit spreads, I take advantage of the speculation of others, typically newbies who are buying out-of-the-money calls or puts with the hope that they will eventually move into the money.
But there is, however, a skill in knowing who those amateurs are and what behaviors they exhibit to clue you in on their lack of experience.
In poker, the person who shows too much emotion or doesn’t truly understand the game will be cleaned out in short order.
In options trading, everything is laid out in the options chain, a list of option characteristics at different strike prices. By looking at the “probability of expiring” ̶ the chance that a stock or ETF will close above (for calls) or below (for puts) the chosen strike price ̶ the options trader can make decisions based on the speculation of others. But unlike poker, the participants show their hands when trading credit spreads.
This is THE advantage that credit spreads (iron condors, vertical spreads, etc.) offer over any game or investment vehicle out there.
For instance, with the Nasdaq 100 (QQQ) trading around $174, some traders are making wagers that QQQ will move above $181 at July options expiration in 42 days.
The chance of that happening is 16.57%, as shown in the Prob.ITM column above (probability of closing in-the-money).
What about traders who think QQQ will push above $182 at July options expiration? The chance of that happening is 13.17%.
What about if a decline occurs? Some traders are making wagers that QQQ will move below $163 at July options expiration in 42 days.
The chance of that happening is 16.92%, as shown in the Prob.ITM column above (probability of closing in-the-money).
With those types of odds, smart investors should take the other side of the trade.
My probability of success is 86.83% to the upside and 83.08% to the downside.
I can form a range-bound strategy known as an iron condor based on these probabilities.
This is the logic behind this billionaire’s trading strategy. It’s why Jeff Yass is a billionaire with one of the most successful options trading firms in the business. He understands probabilities.
The so-called geniuses might have the formula, but without a strategy with a statistical edge you are just another trader playing a zero-sum game. Unfortunately, that is why so many people fail at trading options and stocks. They don’t understand options probabilities and the true statistical edge provided them by the market.
POKER DEPOSIT OPTIONS
- Click2Pay Poker Sites
POKER DEPOSIT BONUSES
Poker Deposit - Find convenient and safe poker deposit methods for funding accounts at online poker sites. Different legal aspects exist in every country, and often fees vary between options of depositing. We have reviewed every deposit option and payment method available to players for funding real money poker site deposits. My personal opinion is that BetOnline Poker ( www.BetOnline.com ) is the best online poker site to make a deposit at.
Find the best poker sites to deposit at listed by country, accepted banking and payment methods, currencies offered, countries allowed, languages supported and new account Poker Deposit Bonuses.
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Regardless of which online poker room you play at, where you live, or how you deposit - we have the top online poker sites to deposit at listed right here and rated with special sections devoted to usa poker websites and US Poker Deposit Optionsas well as International Poker Deposit Options for nearly every other country worldwide.
Deposit Options At Online Poker Sites
Signing up and depositing at some of the new poker sites isn't always easy, our website takes factors such as where you live and available deposit options into consideration when recommending an online poker room to deposit at. Use our download links and deposit codes to instantly get the best deposit bonuses available. We list current and valid poker deposit bonus codes and honest poker room reviews. Instead of offering just a few reputable choices we cover and track almost all major poker sites to help players find the best value and options available both when choosing an online poker room as well as getting real money funds into your account, including bonus money and promotional offers and incentives.
Above you'll find our 'top five poker sites' to deposit at based on initial deposit bonus, a working and up to date poker deposit bonus code, and fast cashouts. US accepted poker sites are indicated with a flag, as are Mac Compatible Poker Rooms. All bonuses found on our site are guaranteed to be the biggest poker deposit bonuses available, along with the most recent poker deposit codes.
UK players should check out our exclusive WSOP.com Bonus - Harrahs new online poker site is currently operating in beta testing and only available to real money poker players in the United Kingdom. Other players will be able to play at the WSOP site soon, but for now we offer the only WSOP bonus code available.
Choosing A Real Money Poker Site
We don't make paid endorsements when considering our poker site rankings, instead we take an objective look at each poker site and determine if it's a room our readers can trust with real money deposits, provide top bonus offers and promotions, and deliver on time cashouts with a friendly customer support team. If you work for an online poker company and don't see your site listed here, we probably chose not to list it for some reason. While we welcome contact providing useful information, we don't sell advertising or paid reccomendations so don't even ask.
Play real money online poker games at the secure sites and reputable operators we list here for your country, and your deposit method. Use our current information to get the biggest deposit bonuses and signup offers that are always current. Our mission on this website is to help every player find the easiest poker rooms to deposit at. Regardless of which deposit method you choose, no matter what international country you are from, or which ewallet poker deposit options are available to deposit and fund your real money poker account.
Poker Depositing Around The World
Due to the large interest, we have created a special section for US Poker Sites And Deposit Methods. Outside of the United States most online poker rooms and payment processors are available in large parts of the world, but laws and legislation are constantly changing so we also cover online poker in individual countries.
Visit our International Poker section for country specific information on poker sites and depositing options.
As mentioned before we have included detailed information on US Poker Deposits, as well as individual poker sites accepting players from the United States. If you find a poker site you want to play at, we'll also make sure you get the biggest poker deposit bonus available automatically and without any strings attached. If you would like to to credit card poker sites, have a look at these poker sites that accept Visa or these poker sites that accept mastercard.
Types Of Online Poker Deposit Options
We have listed all online poker deposit options available in every country and recommend accepted poker sites for every payment processing method available. Poker rooms listed in our directory have proven themselves easy to make poker deposits at and provide quick poker cashouts and withdrawals to our players, and reliable customer support.
Whether depositing by credit card or funding a poker account with an echeck, we provide a world wide guide to playing online poker for real money. Every country has different payment methods available, and even though there is over 100 deposit options available worldwide there is only a few basic ways one can make deposits into a poker site account. Those options basically include using a bank account, depositing with a debit or credit card, or using a third party service. Below are the basics types of online poker deposits you can use.
Online Poker Deposit And Payment Methods
Regardless of what country you are from or which deposit option you choose, we'll help you put the fun back into playing real money poker online. Below are the major deposit methods available at online poker sites, for more information on how to deposit, create an account, or a list of accepted sites click on any poker deposit option in our left menu.
Credit Card Poker Site Deposits
Most players prefer to make their poker deposit with a credit card because funds appear instantly, it is safe and secure and every poker site accepts credit card poker deposits. Players who have difficulties depositing and playing poker with a credit card will make their poker deposit with a credit card via a third party service, like pre-paid calling cards or an electronic wallet like Neteller. Some sites accept credit cards for poker deposits more easily than others, but some sites like Absolute Poker guarantee your card will be approved.
Options In Polish
Deposit At Poker Rooms Using Bank Account Transfers
Depositing at online poker sites with your checking account is becoming the second most popular poker deposit option available to players, there is no account fees and poker deposits are instant. Cashouts are being processed faster and deposited directly into your bank account. Poker E-Checks is one of the safest, cheapest, and most reliable method to make an online poker deposit. We reccomend Full Tilt Poker and PokerStars for Echeck Poker Deposits.
Online Poker E-Wallet Depositing
A popular method for poker deposits involve the use of poker e-wallets, a poker payment processor such as Paypal, Neteller, and Moneybookers allow you to deposit poker funds without revealing your credit card details to the poker site. A lot of players like the safety and security that goes along with the extra privacy, and these electronic wallets allow you to shop and make other purchases at popular retailers worldwide. These companies are all publicly traded and just as safe as putting your money in a bank account, plus offer the fastest poker cashouts no matter what site you are playing at.
Another advantage of using an e-wallet poker deposit method is that most services give you the option to send and recieve funds almost instantly, allowing you to move your poker bankroll around different poker sites. This is a great advantage if you like to play on multiple poker sites but don't have bankrolls to keep at each one. A great thing about using a poker payment provider like this is that you can also cash out your poker winnings nearly instantly! Below are popular poker ewallets, as most ewallets do not allow US residents we have noted the few that deposits and payments from the United States. Assume most are available globally, but check each poker site our country page to confirm.
- EwalletXpress Online Poker Sites - ***US Player Accepted Ewallet
- Click2Pay Online Poker Sites
Options In Power Bi
Examples of other poker ewallet options are EcoCard and Quicktender, Entropay, and Neteller. Other than Ewalletxpress for US players, there is also a couple of invite only ewallets like UseMyWallet and UseMyBank. US poker ewallets tend to be costly and we usually reccomend players just use a bank account, debit card, or echeck to deposit. Safety and security is a prime concern of ours when reccomending a poker site deposit option, many of our players use an e-wallet as a deposit option to keep personal information private and secure.
Options In Poker Game
Pre-Paid Poker Vouchers And Gift Card Deposit Methods
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Ukash Online Poker is quickly becoming the poker ewallet of choice for most non US players and is quickly expanding around the world, allowing players to easily turn cash into online poker money. We are still waiting for a good prepaid deposit option that works well for US players, so far only a few pre-paid gift cards work and not all the time. Another pre-paid voucher service popular among poker players is Paysafecard, check out our list of the best Paysafecard Online Poker Sites for more information.