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The two largest and most well-known tournaments are the World Poker Tour championship event and the World Series of Poker, both held in Las Vegas, Nevada.

The 2005 World Series of Poker was the first held outside of Binion's Horseshoe Casino, though the final few days of the main event were held in the legendary Benny's Bullpen. Future tournaments have been held at one of the Harrah's Entertainment properties; since 2005, the Rio has served as the host venue.

Arguably the most well-known European tournament is the Poker Million, which began in 2000 on Sky Sports, following on from the success of the Late Night Poker television show.

In addition to these events, there are other major tournaments throughout the year. The World Poker Tour broadcasts a series of open tournaments throughout the U.S. and Caribbean with buy-ins from $5,000 to $25,000, as well as a European event.

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If there are no bets to you (it is checked to you)

Bet: You can put in one bet into the poker pot. The other poker players must call that bet, or else they must fold their poker hand.

Check: You can choose not to put in any money into the poker pot. If no one bets, then the poker game continues with everyone still in the hand. If someone else bets, then you have a decision to make...

If there is a bet to you

Fold: You don't put in any more money, but you are out of the poker hand and cannot win any money. Any money you have put into the pot up to this point is lost.

Call: You put in money equal to the amount bet. You stay in the poker hand. Play continues and the next poker card is dealt, unless someone else raises. (If there are no more poker cards, then there is a showdown.)

Poker Raise: You put money into the poker pot equal to the amount bet so far, plus additional money (the raise). Now, all the other players must call your raise or fold. They may also reraise you.

Showdown

If there is more than one player left after all the poker cards have been dealt, and everyone has called on the last round of betting after that card is dealt, then those poker players show their poker hands. Whoever is holding the best poker hand wins all the money in the pot. If there is a tie, then all tying poker hands split the poker pot in equal amounts.

Hands are shown starting with the last person to raise or bet out, then proceeding clockwise (the normal direction of play). Any player may choose to muck his hand (fold without showing).

The poker room will also take a rake from the pot before it is distributed to the winner or winners. The rake is the house's share and is usually a few cents on the dollar.

Win by default

If everyone except one player folds, then that player gets all the money in the pot, minus the rake. He does not have to show his hand to the other players.

Betting tactics

Reraise: Suppose someone else raises you, but you feel that you have a very strong hand. You can reraise your opponent to forfce him to put in another bet to stay in. Some poker rooms will let two players reraise each other indefinitely. Others will cap the total number of bets at 4 or some other number. Most online poker rooms cap you at 4 bets in each betting round. (The betting is only capped for limit poker; no-limit and pot-limit games do not have betting caps).

Check-raise: Suppose you hold a strong hand, and you are greedy. You want to take more than just one bet from your opponent. So you check, your opponent bets, and you raise him. Now he calls, and if your hand is as good as you think it is, you just won two bets from him. Check-raising is a powerful tool, but it can be dangerous, because your opponent might also check. Then you win no money from him. Or he might have an even better hand then you and reraise you.

Check-call: If you have a decent hand, but you think there is a good chance your opponent might have a better one, you may wish to avoid a raise. In this case, you can check and call.

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