Silver Investments
Silver Investments, like other precious metals, silver is an investment. For more than four thousand years, silver has been a form of money and store of value. Like most commodities, the price of silver is by speculation and supply and demand. Compared to gold, the silver price is notoriously volatile. This is because of lower market liquidity, and demand fluctuations between industrial and store of value uses. At times, this can cause wide-ranging valuations in the market, creating volatility. Silver often tracks the gold price due to store of value demands, although the ratio can vary. The average gold/silver ratio during the 20th century was 1:47. A traditional way of investing in silver is by buying actual bullion bars. In some countries, like Switzerland and Liechtenstein, bullion bars is over the counter at major banks. Physical silver, such as bars or coins, may be stored in a home safe, a safe deposit box at a bank, or placed in allocated or unallocated storage with a bank or dealer. Various sizes of silver bars: 1000 oz troy bars – These bars weigh about 68 pounds avoirdupois (31 kg) and vary about 10% as to weight, as bars range from 900 ozt to about 1,100 ozt (28 to 34 kg). These are COMEX and LBMA good delivery bars. Hundred ozt bars – These bars weigh 6.8 pounds (3.11 kg) and are among the most popular with retail investors. Popular brands are Engelhard and Johnson Matthey. Those brands cost a bit more, usually about 40 cents to 2.00 dollars per troy ounce above the spot price, but that price may vary with market conditions. Odd weight retail bars – These bars cost less and generally have a wider spread, due to the extra work it takes to calculate their value and the extra risk due to the lack of a good brand name. Buying silver coins is another popular method of physically holding silver. One example is the 99.99% pure Canadian Silver Maple Leaf. Coins may be as either fine silver or junk silver, the latter being older coins with a smaller percentage of silver. U.S. coins 1964 and older (half dollars, dimes, and quarters) are 25 grams per dollar of face value and 90% silver (22½ g silver per dollar). All 1965-1970 and one half of the 1975-1976 Bicentennial San Francisco proof and mint set Kennedy half dollars are "clad" in a silver alloy and contain just under one half of the silver in the pre-1965 issues. Junk-silver coins are also available as sterling silver coins, which were until 1919 in the United Kingdom, Canada, and 1945 in Australia. These coins are 92.5% silver and are in the form of Crowns, Half-crowns, Florins, Shillings, Sixpences, and three pence. The tiny three pence weighs 1.41 grams, and the Crowns are 28.27 grams Canada produced silver coins with 80% silver content from 1920 to 1967. Other hard money enthusiasts use .999 fine silver rounds as a store of value. A cross between bars and coins, silver rounds are produced by a huge array of mints, generally contain a troy ounce of silver in the shape of a coin, but have no status as legal tender. Rounds can be with a custom design stamped on the faces or in assorted batches.
Poker Omaha
Omaha
According to Omaha Poker Rules, there are four betting rounds in a complete game - exactly the same as in Texas Holdem Poker. In Omaha Holden, the dealer deals each player their own four private cards face-down.
Each bet on the first two rounds of betting is set at the lower limit of the stakes structure. For example in a $5/$10 game, all bets and raises are $5 for the first two rounds (after private cards are dealt and once the flop is spread in center of table).
The last two rounds of betting (turn card and river) are set at the higher limit of the stakes structure. For example in a $5/$10 game, all bets and raises are $10 for the last two rounds.
One bet plus three raises (four total bets) are the maximum amount of bets allowed per betting round. This would consist of (1) a bet, (2) a raise, (3) a re-raise, and (4) a cap. The term cap is used to describe the 3rd raise in a round since betting is then capped and cannot be raised anymore. Once any player has made the third raise (capped the pot), then players will have only the option of calling or folding.
Check-raising is allowed in all online poker games.
Dealer Button
In order to designate which player is the theoretical dealer in Omaha high low poker games, a round disk is used. This disk is called the dealer button or simply "the button".After each hand is completed, the button moves clockwise to the next active player and this player will be considered to be the dealer, and will act on their hand last on each betting round. This is also termed playing the button for that game.
Blinds
The player to the left of the button is first to receive a card and is required
to post a small blind. The small blind is equal to half the lower limit bet
rounded down to the nearest dollar. The player to the left of the small blind is
required to post the big blind. The big blind is equal to the lower limit bet.
These bets are referred to as blinds because players must post them before the
dealer deals any cards to the players. These blinds are similar to the ante that
is required in other games such as 7-Card Stud.
Omaha Poker Rules specify that both the small and the big blinds are considered live bets. They have the option of checking, calling, raising or folding when the betting action comes back around to their position. After the flop and after each subsequent betting round, the first active player left of the button is first to act.
When players first sit down to play, they will be required to post the equivalent of the big blind only once or they have the option to "sit out" until it is their natural turn to post the big blind. This rule is in place to ensure game fairness to all players, as it prevents the possibility of players entering games in late position and then leaving before they are required to post the big blind.
HOW TO PLAY
The dealer deals each player their own four private cards face-down.
First betting round
The dealer spreads three community boardcards face-up on the table. This is commonly called "the flop".
Second betting round
The dealer turns over a fourth boardcard face-up commonly called "the turn card".
Third betting round
The dealer turns over one final community boardcard commonly called "the river card".
Final betting round
Players show their hands. This is commonly called "the showdown".
When players show their hands, they MUST use exactly: two of their private cards
plus three of the five board cards.
Poker Chinese
Chinese 13 Card Poker
Chinese Poker is played with a standard 52-card
deck. Up to four players can play.
Each poker player receives 13 cards, face down, one at a time, in rotation. A hand is
dealt to all four positions even if vacant. The hand must be arranged with three
cards in front, five cards in the middle, and five cards in the back, where the
back hand should rank higher or equal to the middle hand, and the middle hand
should rank higher than the front hand. Standard poker rankings apply. Straights
and flushes do not count in the front hand except in the event of an automatic
win.
Scores are kept by points. Each part of the hand is assigned one point. Each
point is given a monetary value for each game.
Hands are then compared with each player, one at a time. The poker player with the
higher ranking hand in the front segment wins one point. The player with the
higher ranking middle hand wins one point. The player with the higher ranking
back hand wins one point.
If two out of three of the players' hands ranks higher than an opponent's hand,
the first player wins two points. For example, the player would win two points,
minus one point (the one an opponent won) plus one point for a majority of
segments win, thereby, winning two points total.
If all three parts of the player's hand ranks higher than the opponent's hand,
the winner gets four points. (The player wins three points (net win), one point
for winning each of the three hands minus zero points (the opponent didn't win
any) plus one point for the majority of hands won, totaling four points.)
Automatic Win
There are also hands known as an "automatic win" and the player may declare the win by placing the stack of cards down on the table. However, the player must declare the automatic win before the hands are opened, otherwise the hands will play the way the player sets. The automatic win hands are as follows:
- The Dragon Hand: Ace through King of any suit. This hand beats all other automatic win hands.
- Any 13-card hand that has six pairs. Note that four-of-a-kind can be counted as two pairs.
- Any 13-card hand that has suited cards in all three parts.
- Any 13-card hand that has straights in all three parts.
A Straight Flush can be used as a Straight or a Flush for bonus hands.
Improperly Set Hands
A hand is set improperly if: Any part of the three segment hands has the wrong number of cards; or, any part of the three segment hands are set out of ranking order. Any player that sets his or her hand improperly must pay four points to all of the other players.
Eastern, Western and Mandarin Bonus Points Variations
Eastern Version point awarding Variation: The play of
the poker game is the same as 13 Card Poker. In addition to the basic point system as
in 13 Card Poker, bonus systems of awarding points is used for making certain
hands in the front, middle and back positions. In addition to the basic point
system, points can be earned on bonus hands as follows: (a) Bonus point hands in
the back: (1) straight flush-five (5) points; (2) Four of a kind- four (4)
points. (b) Bonus point hand in the middle: (1) straight flush - then (10)
points; (2) Four of a kind - eight (8) points; (3) Full house - two (2) points.
(c) Bonus point hands in the front: (1) Three of a kind - three (3) points. If a
player wins two out of three hands, the player is awarded two points for their
winning hands and loses one point to his opponent for a total of one point from
that opponent. When a bonus hand is involved, the winning hand earns only the
bonus hand points.
Western Version point awarding Variation: The play of the poker game is the
same as 13 Card Poker. In addition to the basic point system, this point system
awards one additional point to the poker player who wins the majority of hands. If a
player beats his opponent two out of three hands, they receive a total of two
points for their winning hands.
Mandarin Version point awarding Variation: The play of the game is the
same as 13 Card Poker with opportunities to earn extra points. A player earns
one point for each winning hand as in 13 Card Poker. Three of a kind in the
front hand triples the point value. A bonus can be received which awards
additional points for making certain hands in the front, middle and back
positions. If a bonus hand is present, the points for that bonus hand are then
added on. Two special bonus situations can occur, the "shot" and the "home run."
A "shot" situation occurs when a player wins all three hands against an
opponent. The regular point value for each hand is doubles and added to the
total. A "home run" situation occurs, only in a four-handed game, when a player
wins all three hands on the showdown against all three of their opponents. The
regular point value for each hand is tripled and added to the total.
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Poker Blinds
A blind or blind bet is a forced bet placed into the pot by one or more players before the deal begins, in a way that simulates bets made during play. The most common use of blinds as a betting structure calls for two blinds: the player after the dealer blinds about half of what would be a normal bet, and the next player blinds what would be a whole bet. This two-blind structure, sometimes with antes, is the dominating structure of play for community card poker games such as Texas hold-em. Sometimes only one blind is used often informally as a "price of winning" the previous hand, and sometimes three are used this is sometimes seen in Omaha. In the case of three blinds usually one quarter, one quarter, and half a normal bet amount, the first blind goes "on the button", that is, is paid by the dealer.
For example, in a $2–4 limit game, the first player to the dealer's left who, if not for the blinds, would be the first to act posts a small blind of $1, and the next player in turn posts a big blind of $2. After the cards are dealt, play begins with the next player in turn third from the dealer, who must either call $2, raise, or fold. When the betting returns to the player who blinded $1, he must equal the bet facing him toward which he may count his $1, raise, or fold. If there have been no raises when action first gets to the big blind that is, the bet amount facing him is just the amount of the big blind he posted, the big blind has the ability to raise or check. This right to raise called the option occurs only once: if his raise is now called by every player, the first betting round closes as usual.
Similarly to a missed ante, a missed blind due to the player's temporary absence i.e. for drinks or a restroom break can be denoted by use of a special button. Upon the player's return, they must pay the applicable blind to the pot for the next hand they will participate in. The need for this rule is eliminated in casinos that deal in absent players as described above. Also the rule is for temporary absences only; if a player leaves the table permanently, special rules govern the assigning of blinds and button see next subsection.
In some fixed-limit and spread-limit games, especially if three blinds are used, the big blind amount may be less than the normal betting minimum. Players acting after a sub-minimum blind have the right to call the blind as it is, even though it is less than the amount they would be required to bet, or they may raise the amount needed to bring the current bet up to the normal minimum, called completing the bet. For example, a limit game with a $5 minimum bet on the first round might have blinds of $1 and $2. Players acting after the blind may either call the $2, or raise to $5. After the bet is raised to $5, the next raise must be to $10 in accordance with the normal limits.
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